$NKE

A federal jury in Oregon found Nike liable in Hender v. Nike for sex discrimination, ruling the company paid former employee Heather Hender less than comparable male colleagues and promoted her more slowly. The jury awarded over $15 million in damages, including about $19,739.52 for equal pay and up to $15 million in punitive damages, with final amounts subject to caps and post-trial rulings.

Nike introduced two Hyrox-focused shoes, the Hybrid RN (China retail Sept. 24, worldwide Oct. 8) and the Hybrid Fly (worldwide debut April 2027). Nike says the RN targets daily training and the Fly targets race day. Nike reported fiscal 2026 Q4 revenue of $10.97B and net income of $3.11B for the year; Greater China revenue fell in Q4 and full year.

U.S. stock futures eased after a strong H1 rally, with Dow up about 8.9%, S&P 500 up 9.6%, Nasdaq up 12.8%, and Russell 2000 up about 22%. Traders look ahead to ADP and Thursday’s nonfarm payrolls for Fed signals. Several stocks moved premarket: NKE -4%, TSLA deliveries ~410k expected, NIO -4%, MU -4%, LUNR +8%, ASTS +20%, CVKD -16%.

On Aug. 14, the Dow Jones Industrial Average fell 107.58 points to 53,732.41 as investors reacted to a U.S. signal that it may indefinitely maintain a naval blockade of Iran near the Strait of Hormuz. The Nasdaq Composite declined to 26,729.16. Salesforce (CRM) and Nike (NKE) fell, while Walt Disney (DIS) rose.

FedEx, UPS, DHL and other shippers that served as customs brokers for imported goods are beginning to pass U.S. tariff refunds to customers after the Supreme Court struck down broad Trump tariffs. About $100 billion has been refunded to payers under CBP’s process. FedEx said it will refund $800 million; UPS $5 billion paid and $500 million claimed; Amazon received $600 million in Q2.

Reuters reports the U.S. Equal Employment Opportunity Commission dropped its lawsuit to enforce a subpoena in its investigation of Nike’s workplace treatment of white employees, after Nike said it complied and provided requested workforce and program data. The EEOC said it is still investigating potential intentional discrimination, including layoffs. Nike denied discrimination.

According to The Wall Street Journal, more than 40 S&P 500 companies reported about $9.6 billion in US tariff refunds over the past quarter, after a Supreme Court decision invalidated part of Trump’s tariff policy. Apple reported nearly $2.2 billion, Nike $986 million, and FedEx about $800 million. Some refunds boosted earnings per share, while accounting varies and some firms plan to pass benefits to customers.

Oil eased after reports said the UAE released another tranche of Iran’s frozen assets, including gold worth about $212 million, on Aug 11-12. Japan’s July PPI rose 7.2% y/y (below 7.4% forecast), supporting a possible September BOJ hike. The dollar edged up; AUD and NZD softened after RBA and RBNZ signals. Apple, Ford, and tariff refunds were also reported.

Wall Street Journal reports that more than 40 S&P 500 companies booked about $9.6B in tariff refunds over the past quarter, with at least $2.1B received in cash. US Customs and Border Protection accepted about $128.7B in refund applications through July. Largest disclosed refunds include Apple ($2.2B), Nike ($986M), FedEx ($800M), Amazon ($640M) and GM ($500M).

The US Equal Employment Opportunity Commission said it is dropping a subpoena enforcement action against Nike, stating the company complied with information requests in a DEI-related investigation. The EEOC filed the motion to dismiss in Missouri federal court, noting Nike provided responsive documents between March and August. Nike declined comment.