Nike’s new CEO finds himself in trouble as recovery efforts fail

One of the most coveted sneakers ever made is a pair of black-and-yellow basketball shoes called the Wu Tang Dunks, released by Nike in 1999. Legend has it that only 36 pairs were ever produced and given to friends and family of the Staten Island hip-hop group. But when the world’s largest sportswear company announced … Read more

Can YOU pass a financial literacy test that almost half of adults fail…?

New research shows that almost half of people fail a financial literacy test that asks three key questions about interest rates, inflation and risk. A survey of 3,000 adults, weighted to be representative of the country, found that 20 percent got no answers right and another 24 percent got only one answer correct. According to … Read more

Bulgaria and Romania fail economic tests to join the eurozone

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The eastern expansion of the European single currency has suffered a setback after Bulgaria and Romania failed to meet the economic criteria needed to adopt the euro. The decision announced by the European Central Bank … Read more

Last-minute computer problems cause Boeing’s rocket launch to fail again just before takeoff

American news By Associated Press Published June 2, 2024, 10:55 am ET CAPE CANAVERAL, Fla. – Last-minute computer problems thwarted Saturday’s launch attempt for Boeing’s first astronaut flight, the latest in a series of delays over the years. Two NASA astronauts were strapped into the company’s Starliner capsule when the countdown was automatically stopped at … Read more