Nike (NYSE: NKE) reported an unexpected quarterly net loss and a sales decline of 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?
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