Republican Lawmakers Urge National Guard Role for World Cup Drone Security 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Trump Draws Cheers at Ryder Cup as U.S. Trails Europe After Opening Day 
Marco Rubio Says U.S. Will Block IRGC-Linked Individuals From Iran World Cup Delegation 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Trump Urges Hall of Fame Induction for Roger Clemens Amid Renewed Debate 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Spying, Southampton and economic pressure cooker of the ‘richest match in football’ 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Los Angeles World Cup Security Plans: No ICE Immigration Enforcement at FIFA 2026 Matches, Officials Say 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
US sportswear giant Nike posted a US$46.7 billion revenue for the 2022 financial year, up five percent on-year.
It also pushed its net income up six percent on-year to $6 billion for the same period.
The Nike brand registered a $44.4 billion revenue, up five percent on-year, was driven by double-digit growth in the company’s direct sales platform, Nike Direct, though partially offset by wholesale revenue declines.
Meanwhile, Nike Direct's annual revenue increased 14 percent year-over-year to $18.7 billion, while Converse unit's annual revenue increased 6 percent to $2.3 billion.
Nike reported a total return to stockholders of almost $5.8 billion, up 12 percent from the previous year and including dividends of $1.8 billion.
Revenue for its North American operations rose seven percent on year to US$18.4 billion, with earnings before interest, taxes, depreciation, and amortization (EBITDA) at US$5.1 billion.
For Greater China, revenue for the year slipped nine percent to US$7.5 billion, while EBITDA dropped 27 percent to US$2.4 billion.
The revenue for the Europe, the Middle East, and Africa (EMEA) unit was US$12.5 billion, jumping nine percent on-year, as its EBITDA increased 35 percent to US$3.3 billion. The Asia-Pacific and Latin America unit's revenue and EBITA were US$6 billion, up 11 percent, and US$1.9 billion, up 24 percent.
John Donahoe, president and CEO of Nike, noted that their competitive advantages, including their innovative products and expanding digital leadership, prove that their strategy is working.
