Nike stock falls after revenue miss, NKE forecasts 2027 revenue decline and announces layoffs - here's what investors need to know

Economic Times - Oct 1, 2026

Nike stock after NKE earnings: Nike stock is down after the company reported a quarterly revenue miss and forecast a high-single-digit revenue decline for fiscal 2027. Nike also announced layoffs as part of a restructuring plan expected to generate about $2.5 billion in savings through fiscal 2031.

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Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Oct 1, 2026
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead

Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend on analyzing economic data trends and risks. Minneapolis Fed President Neel Kashkari expressed uncertainty regarding the timing of the next rate hike amidst strong economic performance. Both officials acknowledged the ongoing challenges of managing inflation that exceeds the 2% target.

Jeff Bezos just put $25 million into the Pacific Ocean. Is the Bezos Earth Fund enough to save the Pacific Ocean before the $10 billion deadline?
Oct 1, 2026
Jeff Bezos just put $25 million into the Pacific Ocean. Is the Bezos Earth Fund enough to save the Pacific Ocean before the $10 billion deadline?

The Bezos Earth Fund has committed $25 million to enhance conservation efforts across five Pacific island nations, now totaling approximately $63.3 million dedicated to preserving marine ecosystems. This initiative strives to safeguard at least 30% of the oceanic territories by 2030, aligning with Jeff Bezos' ambitious $10 billion climate pledge. As the deadline nears, over $7 billion remains available for impactful distribution.

SC seeks Centre, Bengal govt response on Mahua Moitra’s plea over MPLADS works
Oct 1, 2026
SC seeks Centre, Bengal govt response on Mahua Moitra’s plea over MPLADS works

The Supreme Court has sought responses from the Centre and West Bengal government on TMC MP Mahua Moitra’s plea alleging obstruction in implementing works under the MPLADS in her Krishnanagar constituency. A bench of Justices Joymalya Bagchi and V Mohana also heard her allegations that her functioning as an MP had been impeded.

SC seeks Centre, Bengal govt response on Mahua Moitra’s plea over MPLADS works
Oct 1, 2026
SC seeks Centre, Bengal govt response on Mahua Moitra’s plea over MPLADS works

The Supreme Court has sought responses from the Centre and West Bengal government on TMC MP Mahua Moitra’s plea alleging obstruction in implementing works under the MPLADS in her Krishnanagar constituency. A bench of Justices Joymalya Bagchi and V Mohana also heard her allegations that her functioning as an MP had been impeded.

Buxa to get its first tigress as Bengal begins tiger reintroduction drive in north
Oct 1, 2026
Buxa to get its first tigress as Bengal begins tiger reintroduction drive in north

A tigress translocated from Bihar’s Valmiki Tiger Reserve will be released into West Bengal’s Buxa Tiger Reserve on Friday, marking the first such exercise in Bengal and eastern India. The move aims to restore the reserve’s tiger population, strengthen the ecosystem and boost tourism in the Dooars region, officials said.

Buxa to get its first tigress as Bengal begins tiger reintroduction drive in north
Oct 1, 2026
Buxa to get its first tigress as Bengal begins tiger reintroduction drive in north

A tigress translocated from Bihar’s Valmiki Tiger Reserve will be released into West Bengal’s Buxa Tiger Reserve on Friday, marking the first such exercise in Bengal and eastern India. The move aims to restore the reserve’s tiger population, strengthen the ecosystem and boost tourism in the Dooars region, officials said.

‘Get Friday off if public holiday falls Saturday’: Indian man says Australia has cracked the holiday code, gets day off to watch horse race
Oct 1, 2026
‘Get Friday off if public holiday falls Saturday’: Indian man says Australia has cracked the holiday code, gets day off to watch horse race

An Indian man who has lived in Australia for 10 years has shared a humorous comparison of public holidays in Australia and India. Aditya Khaneja pointed to holidays linked to sporting events, horse racing and fairs in Australia, contrasting them with India’s religious and national occasions. His take on weekend holiday rules also drew attention online.

Rahul Gandhi asks who ordered TCS to change Form 6, whether firm was pressured
Oct 1, 2026
Rahul Gandhi asks who ordered TCS to change Form 6, whether firm was pressured

Congress leader Rahul Gandhi questioned the Election Commission over changes to online Form 6, asking who ordered Tata Consultancy Services to implement them and who approved them at TCS. Gandhi also asked whether the company was pressured. Congress leader Jairam Ramesh separately alleged the changes were aimed at removing Gen Z voters.

Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern
Oct 1, 2026
Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern

Neighbours in Mumbai’s Chembur have rallied around Flydubai pilot Captain Smit Machchhar after reports that he fought back against an alleged cockpit attack during a flight from Dubai to Tel Aviv. As his parents travelled to Saudi Arabia, residents recalled Machchhar’s Mumbai upbringing, aviation journey and years as a SpiceJet pilot.

Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern
Oct 1, 2026
Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern

Neighbours in Mumbai’s Chembur have rallied around Flydubai pilot Captain Smit Machchhar after reports that he fought back against an alleged cockpit attack during a flight from Dubai to Tel Aviv. As his parents travelled to Saudi Arabia, residents recalled Machchhar’s Mumbai upbringing, aviation journey and years as a SpiceJet pilot.

Strong macro show takes shape in Q2 before festive rush
Oct 1, 2026
Strong macro show takes shape in Q2 before festive rush

India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car sales surged by 21% year-on-year, indicating strong consumer demand during the festive season. Manufacturing activity is robust, contributing to a rise in the HSBC Purchasing Managers Index to a seven-month high.

TCS to take over Best Buy's India GCC under multiyear deal
Oct 1, 2026
TCS to take over Best Buy's India GCC under multiyear deal

Tata Consultancy Services has entered a multiyear agreement to acquire Best Buy's global capability centre located in India. While the financial aspects and employee count remain private, this move aims to transform the centre into an AI-driven engine, optimizing operations and AI integration. The collaboration seeks to synchronize Best Buy's requirements with TCS's technological and retail know-how, potentially establishing a valuable framework for the retail sector as well.

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