{"id":64026,"date":"2026-06-30T18:08:23","date_gmt":"2026-06-30T22:08:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/"},"modified":"2026-06-30T18:08:23","modified_gmt":"2026-06-30T22:08:23","slug":"nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/","title":{"rendered":"Nike Slumps on Weak Forecast as Trump Discloses $1.4B Crypto Windfall"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#Nike_Outlook_Darkens_Amid_Global_Demand_Slump\" >Nike Outlook Darkens Amid Global Demand Slump<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#Trumps_Crypto_Portfolio_Reaches_Billion-Dollar_Milestone\" >Trump\u2019s Crypto Portfolio Reaches Billion-Dollar Milestone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#Regulatory_Hurdles_Scuttle_Getty-Shutterstock_Merger\" >Regulatory Hurdles Scuttle Getty-Shutterstock Merger<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#NASA_Accelerates_Moon_Base_Infrastructure\" >NASA Accelerates Moon Base Infrastructure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nike-slumps-on-weak-forecast-as-trump-discloses-1-4b-crypto-windfall\/64026\/#Global_Geopolitics_Midterm_Conventions_and_Diplomatic_Friction\" >Global Geopolitics: Midterm Conventions and Diplomatic Friction<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>) shares face pressure<\/strong> after forecasting a <strong>low-to-mid single-digit revenue decline<\/strong> for fiscal 2027, significantly missing analyst expectations for growth.<\/li>\n<li><strong>President Donald Trump disclosed over $1.4 billion<\/strong> in 2025 income from crypto ventures, including <strong>$635 million from $TRUMP meme coins<\/strong> and <strong>$500 million from World Liberty Financial<\/strong>.<\/li>\n<li><strong>Getty Images (<a href=\"\/stock\/GETY\">GETY<\/a>) terminated its merger<\/strong> with Shutterstock (<a href=\"\/stock\/SSTK\">SSTK<\/a>) following U.K. regulatory demands to divest Shutterstock\u2019s editorial business.<\/li>\n<li><strong>NASA awarded $590 million<\/strong> in lunar lander contracts to <strong>Astrobotic, Firefly Aerospace, and Intuitive Machines (<a href=\"\/stock\/LUNR\">LUNR<\/a>)<\/strong> to support its 2028 &quot;Moon Base II&quot; campaign.<\/li>\n<li><strong>South32 (<a href=\"\/stock\/S32\">S32<\/a>) greenlit a $725 million expansion<\/strong> at the Sierra Gorda copper mine in Chile, aiming to increase processing capacity to <strong>60 million tonnes per annum<\/strong> by 2031.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Nike_Outlook_Darkens_Amid_Global_Demand_Slump\"><\/span>Nike Outlook Darkens Amid Global Demand Slump<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>) issued a cautious outlook for the coming year, warning that <strong>operating conditions worsened through the fourth quarter<\/strong>. CEO Elliott Hill cited <strong>weaker store traffic and softer discretionary spending<\/strong> across global markets as primary headwinds. The company now expects <strong>fiscal 2027 revenue to decline low-to-mid single digits<\/strong>, a sharp reversal from the <strong>0.4% growth<\/strong> previously anticipated by Wall Street.<\/p>\n<p>To combat rising supply chain costs and persistent <strong>tariff headwinds<\/strong>, Nike is &quot;right-sizing&quot; its distribution network. While the company expects <strong>Q1 gross margins to remain slightly positive<\/strong>, management does not anticipate the broader operating environment to improve within the next six months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Crypto_Portfolio_Reaches_Billion-Dollar_Milestone\"><\/span>Trump\u2019s Crypto Portfolio Reaches Billion-Dollar Milestone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Donald Trump\u2019s latest financial disclosures reveal a massive windfall from digital assets during 2025. The filings show <strong>at least $1.2 billion<\/strong>\u2014and as much as <strong>$1.4 billion<\/strong>\u2014in income tied to his family\u2019s crypto ventures. A significant portion of this wealth was generated through the <strong>$TRUMP meme coin<\/strong>, which netted <strong>$635 million<\/strong> in royalties and sales.<\/p>\n<p>Additionally, the family-linked DeFi project <strong>World Liberty Financial<\/strong> contributed over <strong>$500 million<\/strong> in proceeds. These earnings highlight the President&#39;s deep financial ties to the crypto industry, which has seen a resurgence in valuation following his administration&#39;s &quot;America First&quot; energy and deregulation policies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Regulatory_Hurdles_Scuttle_Getty-Shutterstock_Merger\"><\/span>Regulatory Hurdles Scuttle Getty-Shutterstock Merger<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Getty Images (<a href=\"\/stock\/GETY\">GETY<\/a>) has officially moved to <strong>terminate its merger agreement<\/strong> with Shutterstock (<a href=\"\/stock\/SSTK\">SSTK<\/a>), effective after July 6. The decision follows a mandate from the <strong>U.K. Competition and Markets Authority (CMA)<\/strong> requiring the sale of Shutterstock\u2019s editorial business as a condition for approval. Getty\u2019s board unanimously resolved not to proceed with the divestiture.<\/p>\n<p>Following the termination, Getty Images plans to <strong>redeem its 10.5% senior secured notes due 2030<\/strong> via a special mandatory redemption. The company is reportedly evaluating new strategic financing options to maintain its independent market position.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NASA_Accelerates_Moon_Base_Infrastructure\"><\/span>NASA Accelerates Moon Base Infrastructure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NASA Administrator Jared Isaacman announced <strong>$590 million in new contracts<\/strong> under the Commercial Lunar Payload Services (CLPS) program. The awards were distributed among <strong>Astrobotic ($297.9M)<\/strong>, <strong>Intuitive Machines (<a href=\"\/stock\/LUNR\">LUNR<\/a>) ($148.3M)<\/strong>, and <strong>Firefly Aerospace ($144.2M)<\/strong>. These companies will deploy robotic landers to the lunar south pole starting in 2028.<\/p>\n<p>The missions are a critical component of the <strong>&quot;Moon Base II&quot; initiative<\/strong>, which recently saw a <strong>$20 billion resource shift<\/strong> away from orbital stations to prioritize permanent surface infrastructure. The hardware will include autonomous rovers and scientific instruments designed to harness lunar resources.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Geopolitics_Midterm_Conventions_and_Diplomatic_Friction\"><\/span>Global Geopolitics: Midterm Conventions and Diplomatic Friction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the political front, President Trump announced the <strong>Republican Party\u2019s first-ever midterm convention<\/strong>, to be held in <strong>Dallas, Texas, on September 9-10<\/strong>. The event aims to celebrate the &quot;America First&quot; agenda, focusing on policies such as <strong>eliminating taxes on tips and Social Security<\/strong>.<\/p>\n<p>Meanwhile, diplomatic tensions remain high as <strong>Iran refused to meet with U.S. envoys<\/strong> Steve Witkoff and Jared Kushner in Doha, clouding the prospects for a permanent peace deal. In East Asia, North Korea\u2019s <strong>Kim Jong Un pledged to deepen ties with China<\/strong>, dispatching a congratulatory message to Xi Jinping on the anniversary of the CCP&#39;s founding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nike (NKE) shares face pressure after forecasting a low-to-mid single-digit revenue decline for fiscal 2027, significantly missing analyst 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