Trump signs order to ease US marijuana regulations, sparking industry hopes

Nike has reported a 1% increase in revenue to $12.4 billion, surpassing analyst expectations; however, the company is grappling with significant margin pressures due to tariffs and disappointing sales in key markets, particularly China and its Converse brand.

The Irish Central Bank has raised its growth forecasts, indicating that the economy is showing resilience against headwinds from the US economic landscape. This adjustment reflects a positive outlook amid global uncertainties, particularly those stemming from the US market.

The U.S. is considering the reclassification of marijuana, which could significantly impact the cannabis industry. This potential change aims to align federal regulations with the evolving public perception and state-level legalization efforts surrounding cannabis use and sales.

Nike's shares have experienced a sharp decline due to disappointing sales in China, prompting the CEO to acknowledge the need for a strategic 'reset' in the region while also dealing with the implications of Trump-era tariffs.

Recent inflation data has raised concerns, with the White House celebrating a perceived cooling in price growth, while Wall Street has criticized the report as flawed and misleading. This discrepancy highlights the ongoing challenges in accurately assessing the economic landscape, particularly regarding affordability.

Gold and silver prices are hovering near record highs, buoyed by slower-than-expected inflation data from the US, which has reinforced expectations for further interest rate cuts by the Federal Reserve. Platinum is also approaching a 17-year peak, indicating strong demand across precious metals.

Nano Nuclear Energy has reported a strengthened cash position in its FY 2025 slides, coinciding with a growing push for nuclear technology within the tech sector. This development highlights the company's financial resilience amid industry shifts.

Jeffry Schneider, a conspirator in the GPB Capital fraud case, has requested clemency from the trial judge, citing the recent commutation of a co-conspirator's sentence by former President Trump. Schneider is currently serving a six-year sentence for his involvement in the fraudulent scheme.