#finance #investment - China Warning Pulls Mercedes Lower, Nike Rallies On New Boss | Bloomberg The Pulse 09/20/24

20 September 2024

Nike has ousted its CEO John Donahoe, and is bringing company veteran, Elliott Hill, out of retirement to try and return the struggling brand to its glory days. Hill joined Nike in 1988 and served as president of consumer and marketplace before he retired in 2020. Shares of the athletic brand jumped in Friday's early session. Elsewhere, Mercedes-Benz Group shares fell the most in four years after a deepening slowdown in China prompted the world’s biggest luxury-car maker to cut its outlook. Today's guests: Beata Manthey, Citigroup; Andrew Kuper, Leapfrog Investments President & Co-Founder

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