What Happened: Shares of Nike (NKE) fell as much as 6% in after-hours trading Thursday after releasing its fiscal first-quarter results and announcing operational changes, which will include layoffs. What’s behind the move: Nike posted fiscal first-quarter revenue of $11.21 billion, compared to consensus estimates of $11.33 billion. That represented a 4% decrease from the … Read more
Apple on Instagram today shared a curated gallery of six photos taken with the iPhone Duo. The photographs were taken by American photographers Jake Michaels and Jason Nocito, as part of a project commissioned by Apple. The iPhone Duo is equipped with four cameras: A 48-megapixel rear Fusion main camera A 48-megapixel rear ultra-wide camera … Read more
The Diamondbacks keep their bench boss. Nick Piecoro of The Arizona Republic reports that manager Torey Lovullo will return next year. He gets a two-year contract. As Piecoro points out, this aligns him with general manager Mike Hazen. Hazen’s most recent contract runs through 2028 with a club option for 2029. Lovullo has been Arizona’s … Read more