Moody's cuts its credit outlook for China's government over rising debt, slowing economic growth, and risks in the nation's property sector. Yahoo Finance Reporter Madison Mills joins the Live show discussion on how China-exposed companies Nike (NKE), Tesla (TSLA), Caterpillar (CAT), and Apple (AAPL) have been reacting to a slowing Chinese economy and how their own performances have been reflected in the Chinese market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A Russian distributor of Western sports brands will start selling Adidas and Reebok products as soon as this week, despite the companies' departure from the market over the war in Ukraine, the Kommersant daily reported on Wednesday. Adidas and Reebok were among hundreds of Western companies that decided to suspend business operations in Russia soon after Moscow launched its war in Ukraine in February 2022. Adidas and rival Nike subsequently opted to leave the market completely.
Q3 2023 Designer Brands Inc Earnings Call