Prime Day Apple deals still discount iPads and AirPods at record-low prices today on Amazon
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Yahoo
13 minutes ago
- Yahoo
Stanford hires former Nike CEO John Donahoe as athletic director, AP source says
STANFORD, Calif. (AP) — Former Nike CEO John Donahoe has been hired as athletic director at Stanford. A person familiar with the decision said Donahoe will become the school's eighth athletic director and replace Bernard Muir, who stepped down this year. The person spoke on condition of anonymity because the hiring hadn't been announced. ESPN first reported the move. Donahoe graduated from Stanford Business School and has worked at companies like Nike, Bain & Company and eBay in his career. He was CEO at Nike from 2020-24. He takes over one of the countries most successful athletic programs with Stanford having won at least one NCAA title in 49 straight years starting in 1976-77 and a record 137 NCAA team titles overall. But the Cardinal struggled in the high-profile sports of football and men's basketball under Muir's tenure, leading to the decision to hire former Stanford and NFL star Andrew Luck to oversee the football program as its general manager. The Cardinal are looking to rebound in football after going to three Rose Bowls under former coach David Shaw in Muir's first four years as AD. Shaw resigned in 2022 following a second straight 3-9 season and Muir's hire, Troy Taylor, has posted back-to-back 3-9 seasons. The men's basketball program hasn't made the NCAA Tournament since Muir's second season in 2013-14 under former coach Johnny Dawkins. Dawkins was fired in 2016 and replaced by Jerod Haase, who failed to make the tournament once in eight years. Muir hired Kyle Smith last March to take over and the Cardinal went 21-14 for their most wins in 10 years. Muir also hired Kate Paye as women's basketball coach last year after Hall of Famer Tara VanDerveer retired. The Cardinal went 16-15 this past season and in missed the NCAA Tournament for the first time since 1987. Muir also oversaw the Cardinal's transition to the ACC this past year after the school's long-term home, the Pac-12, broke apart. ___ AP college sports:
Yahoo
13 minutes ago
- Yahoo
Morning bid: 'Tariffs - use this version, please'
A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for India, 20% for Taiwan and 19% for Thailand. Switzerland got a whopping 39% -- one of the steepest -- raising the question: what's Trump got against the Swiss? Not buying enough American chocolate or watches? The big day comes after months of posturing, meetings, delays and truces, which prompted some investors to question what was a real threat and what was a bluff. Indeed, there is still much to be resolved. Arguably, most levies are lower than those threatened on April 2, which back then sent markets into a tailspin. Plus the big trade deals with Japan and the European Union have been reached while talks with China and Mexico are still ongoing. That is probably why market reaction this time has been much more muted. Sure, most Asian shares fell, but only modestly. South Korea is an exception, tumbling over 3%, in part due to domestic tax cuts being rolled back. Taiwan's president said the 20% levy is only temporary and is expected to be reduced further when a deal is reached. Wall Street and European shares did not seem to be too bothered by the tariff news. EUROSTOXX 50 futures slipped 0.3%. Both Nasdaq futures and S&P 500 futures fell 0.2%, thanks to a 6% tumble in Amazon after its earnings failed to meet lofty expectations. Now, with the tariff news out of the way, euro zone flash CPI is due later in the day and expectations are for a slight easing to 1.9% in July from 2.0% in annual terms. Markets have only priced in half a cut from the European Central Bank by early next year. And then it's all about waiting for payrolls, which will be pivotal for hopes for a rate cut from the Federal Reserve in September, which is now priced at just 40%, way off 75% a month ago. Forecasts are centred on a 110,000 rise in July, while the jobless rate likely ticked up to 4.2% from 4.1%. Any upside surprises could price out the chance of a move next month, giving dollar bulls another reason to rally. The greenback is headed for the best week - with a gain of 2.5% against its peers - in nearly three years, solidifying its recent uptrend from a three-year low. It has found support from a hawkish Fed that has held off policy easing on tariff risks. And indeed, the Fed's preferred gauge of inflation came in a tad hotter overnight, showing some tariff impact. Key developments that could influence markets on Friday: -- Euro zone flash CPI for July -- U.S. payrolls for July, ISM Manufacturing survey Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.
Wall Street Journal
16 minutes ago
- Wall Street Journal
Asia Stock Markets Fall as Trump Sets New Tariffs
Asia-Pacific equity markets fell broadly, following U.S. stock futures lower, after President Trump announced steeper tariffs against dozens of countries while delaying the effective date by a week. The U.S. will raise tariffs on scores of nations, effective at 12:01 a.m. on Aug. 7, according to an executive order Trump signed on Thursday. When the action is taken, the result will be significantly higher duties on virtually every U.S. trading partner.
