Nike CEO John Donahoe is out, to be replaced by Elliott Hill.S&P 500gained 2.5%. All three major indexes are on pace for winning weeks: The Dow and the S&P are each up about 1.5% since Monday, and the Nasdaq is up almost 1.9%. Followat the sneaker giant next month, to be replaced by Elliott Hill. Donahoe has been Nike's top executive since January 2020 and has been overseeing a broad restructuring effort after Nike shifted its strategy to sell directly to consumers.
United Auto Workers President Shawn Fain speaks during a campaign event for U.S. Vice President and Democratic presidential candidate Kamala Harris and Democratic vice presidential candidate, Minnesota Governor Tim Walz, at the United Auto Workers Local 900 in Wayne, Michigan, U.S., August 8, 2024., a year after historic strikes during national contract negotiations.
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