Nike issues bleak forecast, plans to slash more jobs after sales disappoint

Nike deepened its restructuring under CEO Elliott Hill on Thursday, announcing a plan to cut more jobs and shake up its global business divisions after the struggling sportswear giant projected a surprisingly steep drop in full-year revenue. The company has been working to revive growth during the first two years of Hill’s tenure by refocusing on key sports such as running and by rebuilding relationships with wholesale retailers. But the weaker-than-expected forecast underscored that Nike’s challenges will likely persistent for at least several more quarters — especially in China, where sales tumbled 26% on a constant-currency basis in the first…

I feel good? How hotel designers are engineering our emotions

My Dad likes to remind me that wherever you go, you’re packing yourself. But increasingly hotels are looking to unpack you — and send you home calmer, happier or more connected to yourself.  In the quaint colonial city of Marinilla, Colombia, Brian Schon designed tranquility into the heart of his…

Exclusive | Biden admin approved 99% of applications for migrant kids in one year — exposing them to rapists, murders, new report shows

The Biden administration rubber-stamped more than 99% of sponsor applications for unaccompanied migrant children in fiscal year 2024 — leaving kids vulnerable to rapists, gang members and murderers because of the “less stringent” vetting process, according to a memo obtained by The Post. The Department of Health and Human Services…

Treasury Dept. automatically enrolls more than 60 million kids in Trump Accounts

More than 60 million American children have been automatically enrolled in Trump Accounts as the Treasury Department moves to dramatically expand participation in the new investment program, officials said Thursday. Parents and guardians still have to claim the accounts and, after that, opt in to receive seed contributions of $1,000…

OpenAI ousts 3 employees who allegedly shared confidential info with AI safety group

Sam Altman’s OpenAI has reportedly “parted ways” with three researchers after they allegedly shared confidential information with a third-party AI safety group. OpenAI informed some employees that the three fired workers had been on the company’s internal AI safety team, the Wall Street Journal firs reported Thursday, citing a person…

Mortgage rates soar to 7.28% — highest level in nearly 3 years

The average long-term US mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in several years. A year ago, the average rate was 6.34%. It…

Financial hardship may age the brain faster: new study

Adults who faced persistent financial hardship showed poorer cognitive performance and signs of accelerated brain aging later in life, according to a new study. Researchers at University College London looked at 2,759 UK participants from the MRC National Survey of Health and Development born in 1946, as stated in a press release.…

Chargers face key questions on OL ahead of season with big expectations

The first step of Year 3 of the Jim Harbaugh-led Chargers officially opens Tuesday. The opening of training camp kicks off a season filled with huge expectations and a handful of important questions. Here are some things to focus on as the Chargers open camp: Three position battles to watch…

Rams star reveals wife is pregnant with fourth child in beach photoshoot

Devanne Adams, wife of Los Angeles Rams star wide receiver Davante Adams, announced the couple is expecting their fourth child together. Devanne Adams took to social media to share the happy news. “How blessed am I to get to do this again🥺🤎,” she wrote in her Instagram caption. The NFL…

Anthony Fauci admits in diary to COVID talks with indicted adviser he once disavowed

WASHINGTON — Former National Institute of Allergy and Infectious Diseases (NIAID) Director Dr. Anthony Fauci admitted in newly released diary entries to having several private discussions with a since-indicted adviser whom he disavowed before Congress in June 2024. For years, Fauci faced intense political and scientific backlash over US funding…

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