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Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike manufacturing hubs like China and Vietnam would derail the company’s comeback.Nike posted a poor fourth quarter, as sales dropped 12%, net income plunged 86% and profit margins dwindled. But CEO Elliott Hill stressed the company has emerged from the worst of its slump, and…
by Mia Taylor Last updated: 3:00 PM ET, Thu June 26, 2025 Calling all Disney fans, there may be even more Disney fun on the horizon.According to a report from People, planning documents released by the Central Florida Tourism Oversight District (CFTOD) reveal that Disney has laid the groundwork for developing a new “major theme park” along with two “minor” parks in Orlando, Florida. And that’s not all. The plans also include new resort hotels, shopping, dining areas and an 18-hole golf course. The news comes nearly three decades after Disney’s last major Florida park opening, which for those who…
Omead Afshar, Tesla’s vice president in charge of sales and manufacturing in North America and Europe, has reportedly been fired by CEO Elon Musk, according to Forbes. It’s not immediately known why Musk fired Afshar, who was one of his top lieutenants and closest confidants at the company. Afshar, Musk, and Tesla did not respond to requests for comment. Afshar’s departure was first reported by Bloomberg News. As recently as Tuesday, Afshar was posting support for the limited rollout of Tesla’s robotaxi service in Austin, Texas. “Absolutely historic day for Tesla,” he wrote on June 23 on X, the social…
WASHINGTON — The Supreme Court on Friday handed a major win to the Trump administration by allowing it to take steps to implement its proposal to end automatic birthright citizenship.In a 6-3 vote, the court granted a request by the Trump administration to narrow the scope of nationwide injunctions imposed by judges so that they apply only to states, groups and individuals that sued. That means the birthright citizenship proposal can likely move forward at least in part in the states that challenged it as well as those that did not.The ruling immediately sparked a response from plaintiffs who have…
PHILADELPHIA (AP) — Fans and players weren’t the only ones coping with extreme heat this week at the Club World Cup. Sniffer dogs — a common addition to the security details at many large sporting events — had a job to do at the international soccer tournament despite the sweltering temperatures. And because that job includes walking on hot asphalt, it can be tough on an animal’s feet. The solution? In Philadelphia, the sniffer dogs at Lincoln Financial Field were outfitted with brightly colored protective booties as temperatures soared. Dory, an explosive certified dog, cools down in front of a…
NEW YORK (AP) — EXT JUNGLE NIGHTAn eyeball, big, yellowish, distinctly inhuman, stares raptly between wooden slats, part of a large crate. The eye darts from side to side quickly, alert as hell.So begins David Koepp’s script to 1993’s “Jurassic Park.” Like much of Koepp’s writing, it’s crisply terse and intensely visual. It doesn’t tell the director (in this case Steven Spielberg ) where to put the camera, but it nearly does.“I asked Steven before we started: What are the limitations about what I can write?” Koepp recalls. “CGI hadn’t really been invented yet. He said: ‘Only your imagination.’”Yet in…
Rivian has laid off around 140 employees, or roughly 1% of its workforce, as it prepares for the launch of its more affordable R2 SUV in 2026, TechCrunch has learned. The cuts were mostly made to Rivian’s manufacturing team and have been ongoing since Wednesday, according to multiple former employees who were granted anonymity to speak about the layoffs. Some employees were told that the company was eliminating roles that created “process inefficiencies.” Rivian confirmed the cuts in an email to TechCrunch. “We have made the difficult decision to reduce a small number of our salaried manufacturing employees as part…
Reuters — Germany has charged a Syrian juvenile with supporting a foreign terrorist organization for helping to plan a foiled attack on a Taylor Swift concert in Vienna last year, the prosecutor general said in a statement on Friday. Identified as Mohammad A, the suspect helped the would-be attacker by translating Arabic bomb-building instructions and putting him in contact with a member of the Islamic State militia online, according to the charges against him. Police made multiple arrests over a suspected plot to attack a Taylor Swift concert in the Austrian capital’s Ernst Happel Stadium, prompting the cancellation of all…
PARIS (AP) — A new kind of dandy took over Junya Watanabe’s runway on Friday — not the traditional gentleman, but a sharp-dressed rebel with a streak of punk at Paris Fashion Week.Watanabe, the pioneering Japanese designer known for mixing classic tailoring with a wild, creative edge, unveiled a lineup of bold, offbeat looks at the Lycée Carnot. The show was sharp but rebellious, rich in history but full of energy. It wasn’t about looking back. It was an explosion of new ideas.Watanabe has built his reputation by smashing the line between elegance and rebellion. This season, he didn’t just…
NEW YORK (AP) — Sean “Diddy” Combs was portrayed in his lawyer’s closing argument on Friday as the victim of an overzealous prosecution that tried to turn the recreational use of drugs and a swinger lifestyle into a racketeering conspiracy that could put the music mogul behind bars for life.Attorney Marc Agnifilo mocked the government’s case against Combs and belittled the agents who seized hundreds of bottles of Astroglide lubricant and baby oil at his properties as he began a presentation expected to last several hours.“Way to go, fellas,” Agnifilo said of the agents.He said prosecutors had “badly exaggerated” evidence…