Nike must prove to Wall Street that its recent slump in the U.S. will be short-lived -- and that it can stay on top in China despite homegrown competition. Nike now has a global stage for its brand thanks to its Olympics sponsorship.
With oil prices back near $40 a barrel, OPEC announced plans on Monday to hold an unscheduled meeting next month in Algeria. It's a sign of how much pain oil countries like Saudi Arabia and Venezuela are feeling.
Pink slips continue to fly in the oil patch, with nearly 18,000 layoffs in July alone. That brings the sum of job cuts due to cheap oil to 195,000 since mid-2014, according to Challenger, Gray & Christmas.
When it comes to investing in the stock market, Warren Buffett said he trusts a monkey to make a better pick than Donald Trump -- whose company's stock lost 90 cents on the dollar when it was traded publicly.
