Dow Jones Top Company Headlines at 5 PM ET: Nike's Sales Continue to Decline as China Weakness Persists | Constellation ...

Dow Jones
07/01

Nike's Sales Continue to Decline as China Weakness Persists

The sneakers and apparel company said the results were in line with its expectations, despite facing what it called an increasingly challenging operating environment where sell-through remains under pressure.

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Constellation Brands Reports Lower First-Quarter Revenue, Citing Softening Consumer Trends

Food and beverage volume trends were lower as the quarter progressed, Chief Executive Nicholas Fink said, reflecting the effects of higher gas prices from the war in Iran on top of years of inflation.

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Ford Recalls More Than 740,000 Vehicles Over Transmission Issue

The recall covers certain Navigators, Expeditions, Explorers, Lincoln Aviators and F-150 trucks.

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BP's Deputy CEO to Retire Later in The Year

BP said its deputy chief executive, Carol Howle, plans to retire later this year, leaving new boss Meg O'Neill without a key lieutenant at a time when the energy major has been hit by management turmoil.

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Egg Producers Manipulated Market, Keeping Prices High, Say Antitrust Authorities

Companies agreed to donate over 50 million eggs to resolve an antitrust investigation focused on a period when prices reached record highs.

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Zyn Can Market Itself as Less Harmful Than Cigarettes, FDA Says

The federal regulator gave Philip Morris International a win for nicotine pouches.

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Insiders Made $100 Million on China Brokerage Crackdown, Trading Firm Alleges

Susquehanna has filed a lawsuit seeking to unmask the traders who bet on a drop in Futu and Tiger Brokers stock.

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Microsoft's Irish Hub Is Profit Powerhouse

A country-by-country EU reporting requirement forces companies to offer additional public tax details.

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America Needs More Weapons. JPMorgan Wants to Add Its Firepower.

Jamie Dimon is putting the bank's own funds into defense and other vital industries and plans to broadly expand in the national-security sector.

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Amazon Sued by Australian Watchdog Over Streaming Contracts

Australia's consumer watchdog is alleging that Amazon relied on unfair contract terms to introduce advertising to more than 850,000 local streaming customers.

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Comcast's Breakup Is Overdue. It Shouldn't Rush Into a New Marriage.

The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.

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BHP's Next CEO Inherits Buy vs. Build Copper Conundrum

Brandon Craig, recently BHP's Americas chief, says he wants to pursue both reliable and more-creative growth in copper.

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A $100 Million Bet on Old Books

Primary Wave Music, known for buying up musicians' catalogs, is partnering with investor Richard Hurowitz for literary deals.

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Private-Equity Firms Sell Care Bears to Authentic Brands Group

IVEST Consumer Partners and Cloverlay leaned in to licensing and royalty agreements since buying the toy brand in 2023.

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Maersk Lifts Guidance on Strong Demand, Higher Freight Rates

Continued strong demand in the container market, particularly in East Asia, and a recent sustained increase in spot market rates prompted the group to upgrade its outlook.

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Invisalign Maker Faces EU Antitrust Probe

The bloc's antitrust enforcer said an investigation would assess whether Align Technology's sales strategy for teeth aligner Invisalign and dental scanners broke competition rules.

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Taiwan Steps Up Probe Into AI Hardware Smuggling

Taiwanese authorities escalated a probe into the unauthorized diversion of advanced artificial-intelligence servers made by Super Micro Computer, as part of efforts to crack down on the alleged smuggling of Nvidia chips to China.

 

(END) Dow Jones Newswires

June 30, 2026 17:00 ET (21:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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