Julie Morgan

and must clearly and conspicuously disclose the terms and obtain express informed consent for transactions involving subscription enrollment.

The $60 million settlement will be offered as refunds to consumers.

Nike beat expectations in its fiscal second quarter mainly because wholesale and North America sales were strong.

Even so, the stock is under pressure.

Nike is down 10% in pre-market action.

Nike is still dealing with higher tariffs and thinner margins as it discounts older products to clear out inventory.

In the fiscal second quarter, Nike earned a profit of 53 cents per share, down 32 percent from a year ago, but 16 cents better than expected.

CEO Elliot Hill said the company is still early in its turnaround.

He noted that Nike is seeing progress in the areas it focused on first.

and remains confident in its long-term growth plan.

Margins took a hit as tariffs and discounting weighed on profitability, especially in North America.

Gross margin dropped by more than 300 basis points to 40.6 percent, which was in line with expectations.

Now I have a look at what's trending on Seeking Alpha.

Sony is taking over the Snoopy and Peanuts franchise for $457 million.

The NYSE and the NASDAQ are keeping the trading hours unchanged after Trump's holiday announcement.

JP Morgan spotlights 11 tech stocks to watch out for in 2026.

And today is Friday, so of course we've got the news quiz for you as well.

On our Catalyst Watch for the Day, shareholders with Star Surgical will vote on the buyout offer from Alcon.

Star Surgical trades well below the $30.75 deal price.

And Disney will release Avatar, Fire and Ash across theaters in the U.S.