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Financial calendars – Yahoo Finance
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ReutersNike's downbeat outlook drags JD Sports and Puma, briefly lifts Adidas
Nike was hurt by faltering demand for its sneakers as consumers covet newer brands such as On and Hoka, pushing its shares down over 12% after hours. Analysts at Jefferies added that recent investor meetings for Adidas confirmed the company's upbeat narrative, with a strong demand for its 'terrace' sneakers and sport events in summer likely to boost sales growth already in the second quarter. Shares in JD Sports were down 3.4% by 0744 GMT, slumping to the bottom pan-European STOXX 600 index, while Adidas could not hold onto its gains, and was last down 0.2%.
ReutersBulk of Indonesia data hit by cyberattack not backed up, officials say
The bulk of Indonesian government data affected by a recent ransomware cyberattack was not backed up, officials said, in an incident that has exposed the lack of preparations for such an attack in Southeast Asia's biggest economy. Last week's cyberattack, the worst in the country in recent years, has disrupted multiple government services including immigration and operations at major airports. The government has said more than 230 public agencies, including ministries, had been affected, but has refused to pay an $8 million ransom demanded to retrieve the encrypted data.
ReutersTrump re-election may lead to commodity market fragmentation, HSBC's Bloxham says
Commodity markets face greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the Nov. 5 election to return for a second term, an HSBC economist said on Friday. A weak start by U.S. President Joe Biden in the first the U.S. presidential debate on Thursday has led to heightened speculation over the potential return of a Trump presidency, including the implications of his trade policies and proposed tariffs on China. Commodity markets, already contending with high prices driven by structural supply constraints, also face uncertainties from geopolitical tensions, said Paul Bloxham, HSBC's chief economist for Australia, New Zealand and global commodities.
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GuruFocus.comInsider Sale: Director Blake Borgeson Sells Shares of Recursion Pharmaceuticals Inc (RXRX)
Recursion Pharmaceuticals Inc is a biotechnology firm that utilizes an AI-driven platform to accelerate drug discovery and development processes. Over the past year, Blake Borgeson has engaged in multiple transactions involving the company's stock, selling a total of 350,970 shares and making no purchases. Shares of Recursion Pharmaceuticals Inc were priced at $9.51 on the day of the transaction.
GuruFocus.comInsider Buying: Gary Friedman Acquires 46,274 Shares of RH (RH)
Following this transaction, the insider now owns 3,351,337 shares of RH. RH, formerly known as Restoration Hardware, is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. This purchase reflects a significant investment by the insider in the company.
