Nike sales fell 38%

Yesterday, Nike (NYSE: NKE) reported an unexpected quarterly net loss and a sales decline of 38% year-over-year.  Click here to read more.

Slack announces Connect
Slack Technologies Inc. (NYSE: WORK) announced a new feature called Slack Connect. Slack’s aim is to go after email and Slack Connect will allow one business to communicate and collaborate with up to 20 other businesses using Slack. The stock is up 2.6% since the announcement. Click here to read more.

Apple could be worth $2 trillion
Investors are predicting that Apple’s market cap could rise to $2 trillion. They based their predictions on Apple’s 5G prospects and it’s services division. Apple’s subscription services like Music, iCloud, and Apple Pay earn billions of dollars a year. That means high-margin, recurring revenue. Click here to read more.

Premarket movers 
Take a look at some of the biggest premarket movers

What else are we reading?

1. Fed stress test finds U.S. banks healthy enough to withstand the Coronavirus crisis. Click here to read more.
2. Goldman Sachs created a font, but you are legally forbidden from critiquing the company when using it. Click here to read more.
3. US phone giant Verizon joins Facebook ad boycott. Click here to read more.