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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…
Shrinkflation Scandal: M&M’s Prices Jump 42.5% in Switzerland as Monsieur Prix Condemns Practice
M&M’s prices surge 42.5% at Coop as package size drops from 150g to 125g. Swiss price regulator condemns shrinkflation as legal but unethical practice affecting consumers across Switzerland.
British Drones Strike Deep Inside Russia; Wildberries Logistics Hit Hard on August 17
Ukrainian forces have deployed British-made drones in long-range strikes on Russian territory, causing £35bn in damage. Wildberries warehouses repeatedly attacked; merchants relocating stock to avoid losses.
Ukraine’s Drone Swarms Cripple Russian Supply Lines, Kill 19 on August 16
Ukraine’s drone attacks on August 16 killed 19 and damaged Russian naval ships and logistics hubs. Wildberries warehouses targeted as military supply nodes. Civilian deaths at highest level since 2022 invasion.
Magnitude 7.7 Earthquake Kills 47 in Indonesia on August 15
A 7.7-magnitude earthquake struck Indonesia’s Flores region on August 15, killing at least 47 people and destroying over 300 homes. Rescue efforts continue as aftershocks persist.
UK Sends Emergency Alert to Millions Over Wildfire Risk on August 15
UK issues emergency alert to millions over wildfire risk. Disposable barbecues banned, military deployed, and 19 homes destroyed in Stourbridge as extreme heat grips Britain.
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.
Woolworths Phases Out Farmers’ Own Milk by Mid-2027, Threatening Dairy Farmers
Woolworths will discontinue Farmers’ Own milk by mid-2027, forcing dairy farmers back to traditional processors and risking lower farmgate prices. Already removed from South Australian stores.
NSW Finalises 20-Year Sydney Plan: 800,000 New Homes by 2046
NSW government finalises Sydney Plan to accommodate 1.3 million more people by 2046, requiring 800,000 new homes and 950,000 jobs. Eastern Sydney gets housing focus, west gets jobs and infrastructure.