tumble

Nike shares tumble as sell warnings rattle retailers

by

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shares in Nike fell sharply on Friday after the world’s largest sportswear maker by revenue warned that sales would fall this year, roiling shares of companies including JD Sports and Foot Locker. Nike reported weaker-than-expected … Read more

MARKET REPORT: Oil companies tumble as crude falls to four-month low

by

Oil prices fell to their lowest level in four months on concerns over plans to increase supply even as demand cools. After falling 3 percent on Monday to below $80 a barrel, Brent crude was on the decline again yesterday, falling another 2 percent to $77. That was the second day of losses since the … Read more