• Nike's stock tumbled 13.1% after the company reported better-than-expected quarterly profits but issued weak financial forecasts.
• Investors reacted negatively to cautious guidance amid softening consumer demand and competitive pressures in apparel.
• The drop underscores broader concerns in consumer discretionary stocks, impacting sector sentiment on Wall Street.
• No. 3 Michigan defeated No. 23 Wisconsin 68-65 in the Big Ten Tournament semifinals on March 14, 2026, at the United Center in Chicago, advancing to the championship game.
• Yaxel Lendeborg, Big Ten Player of the Year, hit a tiebreaking 3-pointer with 0.4 seconds left after grabbing an offensive rebound; Aday Mara scored 16 points with 8 rebounds and 5 blocks, Elliot Cadeau added 15 points.
• The win avenges Michigan's only regular-season conference loss (91-88 to Wisconsin on Jan. 10) and keeps them alive for the No. 1 NCAA Tournament overall seed; they face UCLA or No. 18 Purdue in Sunday's final.
Adobe shares fell 5.4% on March 13, 2026, even after exceeding Wall Street's sales and profit estimates for the quarter. Investors reacted negatively to the software maker's forecast for recurring subscription revenue, which underwhelmed expectations amid competitive pressures in creative software. The drop underscores concerns over growth sustainability in tech amid macroeconomic headwinds. Adobe's outlook may influence sentiment for other SaaS companies reporting soon.
Under new Taliban laws, a husband is allowed to beat his wife as long as it is not done with ‘obscene force’, which the woman must prove in courtThe shocking level of physical violence against women permitted under the Taliban’s new laws has been revealed this week by the case of a woman in northern Afghanistan, who said she was beaten with a cable wire by her husband and told by a judge: “You want a divorce just because of that? … A little anger and a few beatings won’t kill you.”Farzana* said her husband was quick-tempered and often resorted to beating her. He regularly humiliated her and called her “disabled”, she said, because her right leg was slightly shorter than the left. She had tolerated the abuse for the sake of their children, but one evening, she said, his violence went too far. Continue reading...