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Nike warned its revenue in the first half of fiscal 2025 will decline by a low single-digit percentage as it scales back production of some classic shoe franchises to cut costs. On a post-earnings call, Nike's CFO said the company is reducing orders for shoes like the Air Force 1 and Pegasus Running as it shifts focus to upcoming launches. Newer brands like On and Hoka have been gaining market share by offering innovative performance shoes that appeal to customers. Nike's Q3 revenue rose 0.3% to $12.43 billion, beating estimates. The company maintained its fiscal 2024 revenue growth forecast of 1%.
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Kevin Stratvert
⏲ 3 minutes 57 seconds 👁 254K
Eat Me
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Data Shows , US Wages Falling , at a 'Striking' Pace.<br/>Fox News reports that wage growth <br/>in the United States has slowed <br/>significantly over the past year. .<br/>According to new data from Indeed, <br/>wage growth is beginning <br/>to near pre-pandemic levels. .<br/>Indeed's wage tracker showed that salaries have had <br/>a marked drop since January 2022, suggesting that <br/>employers are seeing less competition for new hires.<br/>The pace of deceleration <br/>is striking. Posted wage growth <br/>has fallen by almost 3 percentage <br/>points over the past year, Nick Bunker, Indeed labor economist, via Fox News.<br/>Fox News reports that the most pronounced <br/>deceleration was found in low-wage sectors. .<br/>Given the huge run-up in posted <br/>wages for those sectors, wage growth <br/>is still above its pre-pandemic pace. <br/>How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.<br/>After remaining historically tight throughout the last <br/>year, the labor market is expected to continue slowing <br/>in the coming months amid elevated interest rates.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>Despite this, job growth has <br/>remained resilient, with employers <br/>adding 275,000 jobs in February. .<br/>At the same time, Labor Department <br/>data shows that the unemployment <br/>rate for the month also rose to 3.9%.
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Whats Up Dude
⏲ 2 minutes 32 seconds 👁 44.2K
Essential Excel
⏲ 15 minutes 22 seconds 👁 2.2K
Obtaining Test status from the International Cricket Council (ICC) is a significant milestone for any cricketing nation. Countries often have to meet certain criteria related to cricket development, infrastructure, governance, and administration to attain this status.<br/><br/>1. Associate Membership: Initially, a country needs to become an Associate Member of the ICC. Associate Membership is the first step towards gaining Test status. <br/><br/>2. Playing Infrastructure: The country aspiring for Test status must demonstrate that it has the necessary infrastructure to support Test cricket. This includes having stadiums capable of hosting 5-day matches, practice facilities, accommodation for players and officials, and other logistical requirements.<br/><br/>3. Domestic Structure: The country must have a robust domestic cricket structure. This includes competitive domestic leagues and tournaments that provide opportunities for players to develop their skills and experience a high standard of cricket.<br/><br/>4. Performance in ICC Events: Performance in ICC events such as the ICC Cricket World Cup, ICC T20 World Cup, and ICC Champions Trophy can also play a role in gaining Test status. Consistent success in these tournaments can demonstrate the country's cricketing prowess and its readiness for Test cricket.<br/><br/>In the last 20 years, ICC has made procedural changes in granting test status. Earlier, the qualifying criteria for playing test cricket was to defeat 5 test-playing nations in ODIs or T20Is. If a team did that then it was up to an internal ICC committee to decide whether they deserve full member status or not. This system lacked transparency and the procedure adopted by the internal committee was vague which led to a haphazard process of granting Test status.<br/><br/>Take for example the Bangladesh team, they were granted test status in June 2000 because of international pressure after they had defeated Pakistan in the 1999 WC. They neither had the experience nor the bench strength to be a test team at that point as a result they lost 103 test matches and won only 19 out of the total 140 that they have played till February 2024 which accounts for a win percentage of 13%. <br/>The ICC then proposed a system of promotion and relegation which roughly meant there would be two divisions, Division 1 and Division 2, if a top team played bad cricket then they would be relegated to Division 2 and if a Division 2 team played good cricket for longer periods they could be promoted to Division 1, but this proposal was dropped at an ICC meeting. <br/>The latest system that the ICC developed is this:-<br/>International teams that do not have Test status can play first-class cricket in the ICC Intercontinental Cup, under conditions which are similar to Tests.<br/>Then comes the ICC Test Challenge. An associate nation team must win the Intercontinental Cup to qualify for this challenge. The winner of the ICC Intercontinental Cup earns the opportunity to compete against the lowest-ranked Test team once every four
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Excel, Word and PowerPoint Tutorials from Howtech
⏲ 1 minute 13 seconds 👁 305.2K
Excel Champs
⏲ 1 minute 28 seconds 👁 2.2K
On March 19, Zomato Founder and CEO Deepinder Goyal announced the launch of a Pure Veg Mode service. This service will cater to customers who have pure vegetarian dietary preference. Goyal said the reason behind starting this new service was the feedback from vegetarian customers. Goyal said that the company is also introducing a “Pure Veg Fleet” service in India for customers who follow a 100 per cent vegetarian diet. In a series of tweets, Goyal said that India has the highest percentage of vegetarians globally, and these new features were launched based on their feedback. Goyal clarified that this mode doesn’t cater to or exclude any religious or political preferences. Goyal also stepped out to deliver some pure veg orders himself. Watch the video to know more.<br/>
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Bantha Stew
⏲ 21 minutes 50 seconds 👁 1.7K
Ste8ler
⏲ 11 minutes 10 seconds 👁 1.1K
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