Sergio Delle Vedove Nike ( NKE ) chief innovation officer Tom Bignall is leaving the company after being in the position for less than one year. Bignall, whom CEO Elliott Hill elevated to the chief innovation officer last June, is reportedly leaving to pursue other creative interests and philanthropic pursuits. He will be succeeded by Andy Caine, Nike vice president and creative director for sport...
Sergio Delle Vedove Nike ( NKE ) chief innovation officer Tom Bignall is leaving the company after being in the position for less than one year. Bignall, whom CEO Elliott Hill elevated to the chief innovation officer last June, is reportedly leaving to pursue other creative interests and philanthropic pursuits. He will be succeeded by Andy Caine, Nike vice president and creative director for sportswear, effective Sunday. Caine will report to Phil McCartney, whom Hill appointed to the newly created position of chief innovation, design, and product officer last year. Notably, Caine will be the fourth person to head innovation at Nike over the last three years. Shares of Nike ( NKE ) fell 3.3% in Friday afternoon action and are down more than 33% on a year-to-date basis. More on Nike Nike Earnings Summary: Continued Lack Of Revenue Growth Is Particularly Disheartening Nike: A Textbook Trap For Contrarians Wall Street Lunch: Nike Tumbles On Soft Forecast Nike takes a shot at adidas' $40M Champions League match ball contract Nike one of the most overvalued among footwear stocks
Why Alibaba Group Holding (NYSE:BABA) Is Drawing Fresh Attention Alibaba Group Holding (NYSE:BABA) is back in focus after a recent share price move, prompting investors to reassess its US$127.68 closing level, current returns profile, and how its core businesses are contributing to revenue and earnings today. See our latest analysis for Alibaba Group Holding. The recent 1 day share price return of...
Why Alibaba Group Holding (NYSE:BABA) Is Drawing Fresh Attention Alibaba Group Holding (NYSE:BABA) is back in focus after a recent share price move, prompting investors to reassess its US$127.68 closing level, current returns profile, and how its core businesses are contributing to revenue and earnings today. See our latest analysis for Alibaba Group Holding. The recent 1 day share price return of 1.88% and 7 day share price return of 4.61% sit against a weaker 30 day and year to date share...
Tesla Plummets into 8th Consecutive Week of Losses as JPMorgan Warns of 60% Downside FinancialContent Tesla Just Delivered Terrible News for Its Investors Yahoo Finance Down More Than 30% from All-Time Highs, Should You Buy the Tesla Stock Dip? Barchart.com
Tesla Plummets into 8th Consecutive Week of Losses as JPMorgan Warns of 60% Downside FinancialContent Tesla Just Delivered Terrible News for Its Investors Yahoo Finance Down More Than 30% from All-Time Highs, Should You Buy the Tesla Stock Dip? Barchart.com
Rasi Bhadramani JPMorgan Chase ( JPM ) and other large Wall Street banks are working with S&P Global ( SPGI ) to launch an index of credit-default swaps, The Wall Street Journal reported on Friday. Banks, including Bank of America ( BAC ), Barclays ( BCS ) ( BCLYF ), Deutsche Bank ( DB ), and Goldman Sachs ( GS ), are set to begin selling the derivatives next week, according to people familiar wit...
Rasi Bhadramani JPMorgan Chase ( JPM ) and other large Wall Street banks are working with S&P Global ( SPGI ) to launch an index of credit-default swaps, The Wall Street Journal reported on Friday. Banks, including Bank of America ( BAC ), Barclays ( BCS ) ( BCLYF ), Deutsche Bank ( DB ), and Goldman Sachs ( GS ), are set to begin selling the derivatives next week, according to people familiar with the matter. The CDX Financials index is expected to protect buyers against defaults by companies included in the index. "This will be the first credit-default swap product linked to private credit," Nicholas Godec, head of fixed-income tradeables & commodities at S&P Dow Jones Indices, reportedly said. Private credit funds managed by Apollo Global Management ( APO ), Ares Management ( ARES ), and Blackstone ( BX ) will reportedly make up 12% of the index. Insurers including MetLife ( MET ) and Radian Group ( RDN ); banks such as Jefferies Financial Group ( JEF ) and Truist Financial ( TFC ); and credit card companies like American Express ( AXP ) and Capital One Financial ( COF ) are also set to be a part of the index. The so-called FINDX index, which rises when the market sentiment on such firms turns negative, is expected to give debt investors and traders a fast way to hedge or short the industry. Hedge funds, said to be keen for a way to make bets on a downturn in private credit, began trying to short individual stocks and bonds issued by firms that invest in private credit. The process was cumbersome and costly, the report noted, citing one hedge-fund manager. Investors are said to have sought to get back more than $20B of their investments from private credit firms in Q1 2026, a sign of the increasing concern after a boom in the asset class. The sector, including Apollo Global Management ( APO ), Ares ( ARES ), Blackstone ( BX ), Blue Owl Capital ( OWL ), and KKR ( KKR ), received $20.8B in redemption requests during the quarter. Activist investor Boaz Weinstein's S...
Private equity interest and the rising popularity of live sports are poised to extend an advance in National Hockey League team valuations after years of strong gains, said Dallas Stars Chief Executive Officer Brad Alberts . “I don’t think it’s stopping,” Alberts said in an interview Friday at Bloomberg’s Dallas office. “Sports are a real spice for people to look to invest.” The Stars are explorin...
Private equity interest and the rising popularity of live sports are poised to extend an advance in National Hockey League team valuations after years of strong gains, said Dallas Stars Chief Executive Officer Brad Alberts . “I don’t think it’s stopping,” Alberts said in an interview Friday at Bloomberg’s Dallas office. “Sports are a real spice for people to look to invest.” The Stars are exploring ways to develop a mixed-use real estate project centered around a new arena when their lease expires with the American Airlines Center in 2031. The plans have been up in the air amid a legal battle with the NBA’s Dallas Mavericks , who share the arena. The Mavericks have dropped part of their claim against the Stars and said they’re looking to “move past this issue,” the Dallas Morning News reported this week. Alberts, discussing the litigation, said, “I hope that this ends.” “We want to get back to normal business at the arena,” he said. Both franchises have discussed building separate new arenas. While the Mavericks have said they’re aiming to stay within Dallas city limits, the Stars have weighed a potential move to nearby Plano, Texas. Alberts said the next four to five months will be key as the team considers its next steps. “It still seems like a long time to 2031, but it isn’t,” he said. “This summer decisions have to be made.”
Bloomberg's Olivia Fishlow and Aaron Weinman join Katie Greifeld on "Bloomberg Real Yield." A $7 billion private credit fund managed by Carlyle Group capped redemptions after investors asked to pull 15.7% of the shares in the first quarter. The software problem roiling private markets is about to face a big new test. A wall of debt maturities is looming for the industry. (Source: Bloomberg)
Bloomberg's Olivia Fishlow and Aaron Weinman join Katie Greifeld on "Bloomberg Real Yield." A $7 billion private credit fund managed by Carlyle Group capped redemptions after investors asked to pull 15.7% of the shares in the first quarter. The software problem roiling private markets is about to face a big new test. A wall of debt maturities is looming for the industry. (Source: Bloomberg)