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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…
Legendary Yokohama High Coach Motonori Watanabe Dies at 81 on August 18
Motonori Watanabe, legendary Yokohama High baseball coach who won five national titles and developed stars like Matsuzaka Daisuke and Shohei Ohtani’s peers, dies at 81.
Former DBS Chief Gupta Urges Singapore to Take Bigger Risks in Finance
Former DBS CEO Piyush Gupta warns Singapore’s financial sector must resist risk aversion and embrace innovation to stay competitive. He praised recent bold moves like EQDP and suggested exploring SGD-backed stablecoins.
Four Pork Industry Figures Charged in $10M Cash Smuggling Scheme, August 18
Four pork industry figures charged with fraud and money laundering in Operation Ragamuffin. Police seized $3M cash and allege $10M in hidden sales and $30M in transported funds.
Man, 37, Dies in Police Custody After Clayton Station Confrontation, August 18
A 37-year-old man died in police custody at Clayton railway station in Melbourne after armed confrontation on Sunday. Homicide Squad investigating under Professional Standards Command oversight.
Kevin Kiley Leaves GOP, Runs as Independent After California Democrats Redraw His District
Rep. Kevin Kiley leaves the Republican Party and runs as an independent after California Democrats redraw his district in retaliation for GOP redistricting in Texas and the South.
Reform UK’s £21bn welfare ban for foreign nationals would reshape UK benefits, August 17
Reform UK proposes banning foreign nationals from almost all UK welfare benefits, claiming £21bn annual savings. The plan includes EU settled status holders and would require renegotiating the Brexit deal.
1.7 Million Australians Lack Measles Protection, Study Warns
New research shows 1.7 million Australians are vulnerable to measles. Those born from 1966 onward face higher risk. Australia maintains elimination status but immunity gaps are widening.
Hurricane Lala Skirts Hawaii’s Big Island, Leaves 165,000 Without Power on August 16
Tropical Storm Lala skirts Hawaii’s Big Island without direct landfall but dumps up to 1 meter of rain, damages 100+ homes, and leaves 165,000 without power. Schools closed statewide Monday.