Nike is running out of time to prove its China playbook works. The U.S. sportswear giant’s sixth straight quarterly sales decline in the country – including a 20% drop in footwear – underscores how a market once seen as a growth engine has become its biggest pressure point. CEO Elliott Hill admitted on Thursday’s post-earnings…
RIYADH (Reuters) –OpenAI‘s Chief Financial Officer Sarah Friar said in Riyadh on Wednesday that this week’s deal with Microsoft allows the company to continue raising capital in a much less complex manner. Friar also said that OpenAI’s intention to collaborate with governments globally to deploy its technology could enhance the United States’ soft power. (Reporting…
This article first appeared on GuruFocus. ASML Holding NV (NASDAQ:ASML) struck a confident tone this week after Beijing unveiled new export restrictions on rare earth materialscritical inputs for chip manufacturing that have sent tremors through the global semiconductor supply chain. Chief Financial Officer Roger Dassen said the company is well prepared, noting that ASML’s long…