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Nike Stock Drops 4% to 12-Year Low Below $40 as Downgrades and Weak Sales Raise Turnaround Risks
Nike stock faced fresh selling pressure on August 17, 2026, falling about 4% and moving below the $40 mark. The shares touched around $38.85, their lowest level since 2014. Weak sales, softer footwear demand, and new analyst downgrades have added to concerns about Nike’s turnaround. Investors are now watching to see whether the sportswear giant…

Alibaba (NYSE: BABA) to Sell Lingxi Games to Trustar Capital in Deal Worth Over $2 Billion
Alibaba Group Holding Limited agreed on August 17, 2026, to sell its gaming arm, Lingxi Games, to Trustar Capital. The deal values the gaming unit at above $2 billion. Alibaba shares rose 1.25% to trade near $84.50 following the announcement. This transaction aligns with the tech giant’s strategy to shed non-core assets and focus on…

Japan Volleyball Teams Set for 2026 Asian Championship, LA 2028 Olympics Berth on Line
Japan volleyball teams face Vietnam, Korea, and Hong Kong (women) and Australia, Bahrain, and Oman (men) in the 2026 Asian Championship. Winner qualifies for LA 2028 Olympics.

Kawamura Leads Japan Basketball to 95-66 Win Over Korea on August 16
Japan beats Korea 95-66 in basketball. Yuki Kawamura scores 24 points in second consecutive start for national team ahead of 2027 World Cup qualifiers.

Rui Hachimura Scores 22 Points in Japan Basketball Return, Crushes Korea 88-68
Rui Hachimura scored 22 points as Japan’s basketball team defeated South Korea 88-68 on August 15, marking the largest victory margin in their head-to-head history.

Prichard Colón Dies at 33, 11 Years After Illegal Blows in 2015 Fight
Prichard Colón, a promising Puerto Rican boxer, has died at 33 after spending 11 years in care following a 2015 fight injury that left him with permanent brain damage and a 221-day coma.

Bitcoin Today: BTC Stabilizes Near $63,500 as CPI Falls to 3.4%
Bitcoin traded near $63,605 on Thursday, August 13, 2026, holding steady after cooling US inflation data. The Consumer Price Index rose just 0.1% in July, pushing annual inflation down to 3.4% from 3.5%. Bitcoin barely reacted, closing Wednesday at $63,402, down only 0.24%. The cryptocurrency remains locked in a tight consolidation range between $63,600 and…

Meta Removes 756,000 Australian Teen Accounts as Under-16 Social Media Ban Enforcement Tightens
Meta has removed more than 756,000 Australian accounts suspected of belonging to users under 16. The Facebook and Instagram owner confirmed the total on Thursday, August 13, 2026. That figure includes 462,000 Instagram accounts and 294,000 Facebook accounts. Meta shares (NASDAQ: META) closed at $578.27 on Wednesday, down from $599.64 a day earlier. Australia’s world-first…

Tencent Q2 Profit Misses Estimates at RMB56 Billion as AI Spending Rises, Revenue Jumps 11% to RMB204.8 Billion
Tencent reported second-quarter 2026 results Wednesday, missing profit estimates as AI spending surged sharply. Net profit attributable to equity holders reached RMB56.0 billion, up just 0.7% year-over-year. That figure fell roughly 4% short of the RMB58.5 billion analyst consensus. Revenue climbed 11% to RMB204.8 billion, beating expectations of RMB202.7 billion for the quarter. Tencent Q2…