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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…
DR Congo Ebola Outbreak Kills 2,325, Becomes Deadliest in Country’s History
DR Congo’s Ebola outbreak kills 2,325 people, becoming the deadliest in the country’s history. The Bundibugyo strain has no approved vaccine or treatment, and the UN warns the epidemic is killing one person every 30 minutes.
Lee Kuan Yew’s Montblanc Pen Sells for S$461,500 at Singapore Auction, August 17
Lee Kuan Yew’s engraved Montblanc fountain pen sold for S$461,500 at Hotlotz auction on August 16, nearly 10 times its S$30,000-S$50,000 estimate, after 111 bids from around the world.
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…
Boeing 787 Tailstrike at Munich Raises Safety Questions for Dreamliner Fleet
Vietnam Airlines Boeing 787-9 suffered a tailstrike and runway overrun at Munich Airport on August 15. The aircraft dumped fuel and returned safely with 287 aboard. Investigation underway.
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.
COVID-19 Summer Surge Spreads to All 43 States as Nimbus Variant Dominates
COVID-19 summer surge now spreading across all 43 U.S. states as Nimbus variant dominates. Emergency visits up to 1.7% nationally. CDC tracks spread in four regions.
Philadelphia’s Jeremiah Wells Stuns UFC 330 With Third-Round Upset, August 15
Jeremiah Wells, 39, defeated Myktybek Orolbai via third-round ninja choke submission at UFC 330 in Philadelphia on August 15, 2026, in a stunning upset as a heavy underdog fighting in his hometown.
Swiss GDP Surges 1.5% in Q2 2026, Beating Forecasts by Threefold
Swiss GDP grew 1.5% in Q2 2026, triple analyst forecasts. Chemical and pharmaceutical exports exceeded 110 billion francs in the first half, driving the economy’s strongest recovery since 2021.