Today in News History
On July 2, several notable moments in the history of News stand out. In 1582, Battle of Yamazaki: Toyotomi Hideyoshi defeats Akechi Mitsuhide. In 1906, Hans Bethe, German-American physicist and academic, Nobel Prize laureate (died 2005) was born. In 1961, Clark Kellogg, American basketball player and sportscaster was born. In 1986, Peanuts Lowrey, American baseball player and manager (born 1917) passed away. In 1988, Lee Chung-yong, South Korean footballer was born. In 1989, Alex Morgan, American soccer player was born. In 1989, Nadezhda Grishaeva, Russian basketball player was born. In 1994, Henrik Kristoffersen, Norwegian skier was born. In 1994, Derrick White, American basketball player was born. In 1997, The Bank of Thailand floats the baht, triggering the Asian financial crisis. Together, these milestones provide historical context for today's news news and ongoing narratives.
Nike (NYSE: NKE) Earnings Beat Hides $986 Million One-Time Tariff Windfall As Core Business Struggles
Nike (NYSE: NKE) delivered what appeared to be a spectacular fourth quarter for fiscal 2026, but a closer look reveals a massive one-time accounting benefit is obscuring a deeply troubled underlying business. The footwear giant reported fourth-quarter revenue of 11.0 billion, beating Wall Street’s consensus forecast of 10.85 billion despite a 1 decline on a [] The post Nike (NYSE: NKE) Earnings Beat Hides 986 Million One-Time Tariff Windfall As Core Business Struggles appeared first on Foreign Policy Journal.
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