Nike Plummets to Lowest in Decade as Turnaround Sputters

Nike Inc. shares tumbled after the retailer gave a surprisingly gloomy outlook for the year ahead, complicating Chief Executive Officer Elliott Hill’s efforts to turn around the business. Revenue is expected to decline 2% to 4% in the current quarter and will be down...

Lagarde Calls Bessent Out on Iran Damage During G-7 Video Talks

Christine Lagarde used an audience of high-level Group of Seven officials to challenge Treasury Secretary Scott Bessent’s optimism that the Iran war’s economic fallout will be short-lived, according to people familiar with the matter. Bessent played down the damage...

Major Saudi Chemical Plant Shuts Down as War Disrupts Supply

One of the world’s largest petrochemical facilities in Saudi Arabia halted production as the Middle East conflict disrupts supply chains and energy operations in the region. Sadara Chemical Co. said the temporary shutdown had been completed at its plant in the...