Nike stock at all-time high

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Don’t underestimate the power of the swoosh. Nike (NKE) shares surged more than 4% Friday and hit a new all-time high. The athletic apparel giant reported strong quarterly results after the closing bell Thursday. Earnings rose 26% and easily beat Wall Street’s estimates. Sales topped forecasts too, led by big gains in North America, Western […]

Lexus reveals hoverboard

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You can’t be Marty McFly just yet. Lexus revealed on Tuesday a Lexus hoverboard teaser that included a real-life functional hoverboard very similar to the one that Marty McFly used in 1989’s “Back to the Future Part II.” But Lexus has since made clear that it is not planning to make or market a hoverboard. […]

Nike replaces Adidas as maker of NBA uniforms

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Nike wins deal to provide NBA uniforms Nike will be the next exclusive provider of uniforms to the NBA. In a deal announced Wednesday between the companies, Nike (NKE) locked in rights to be the official on-court apparel provider of the pro basketball league beginning in the 2017-2018 season. Nike will also become the first […]

Basketball legend Michael Jordan joins billionaires’ club

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Michael Jordan, considered the best basketball player of all time, has just joined the billionaires’ club. Jordan is one of the 290 newly-minted billionaires on Forbes’ annual list of the world’s richest people. He’s certainly one of the most recognizable names on the list — sorry, LeBron. Jordan amassed his $1 billion fortune partly through […]