Freight Technologies Azioni (NASDAQ: FRGT)

Ultime notizie per Freight Technologies (NASDAQ:FRGT) Azioni

Freight Technologies

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. The company uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.

Freight Technologies, Inc. - Ordinary Shares

Freight Technologies Inc

<ul>
<li>Total gross proceeds of up to $150.0 million before the end of 2026 if all Series B warrants and Series C warrants are exercised for cash</li>
<li>Xilio may elect to cancel unexercised Series B or Series C warrants proportionately to the amount of non-dilutive capital received, under certain circumstances</li>
<li>Financing co-led by new investors Coastlands Capital and Frazier Life Sciences and included participation from Gilead Sciences, Inc., Logos Capital, Samsara BioCapital and other new and existing investors</li>
</ul>

News

Reported Earlier, Xilio Therapeutics Closes $50M Public Offering, With Potential To Raise Up To $150M Through Warrant Exercises By 2026

FIBK

Reported Earlier, First Interstate BancSystem Announces $125M Public Offering Of Subordinated Notes With 7.625% Fixed Rate Through 2030

CYBR

Reported Earlier, CyberArk Software Announces Pricing of $1.1B 0.00% Convertible Notes Due 2030, Upsized From Initial $750M Offering

Reported Earlier, WEC Energy Group Upsizes Convertible Notes Offering To $775M, Pricing 3.375% Senior Notes Due 2028

The war of words between President Donald Trump and his former advisor, Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk, reached new heights when the latter publicly backed a call to impeach the President and replace him with Vice President JD Vance.
What Happened: Amid the <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">ongoing feud</a> between two of the world's most powerful individuals, right-wing commentator Ian Miles Cheong posted: "President vs Elon. Who wins? My money's on Elon. Trump should be impeached and JD Vance should replace him."
Musk replied with a "Yes" around 20 minutes later. Cheong's post was accompanied by a screenshot of a post Musk made earlier, alleging that Trump's name appears in the Epstein files.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President vs Elon. Who wins? My money&#39;s on Elon. Trump should be impeached and JD Vance should replace him. <a href="https://t.co/r0D4Gkiz4v">pic.twitter.com/r0D4Gkiz4v</a>
&mdash; Ian Miles Cheong (@stillgray) <a href="https://twitter.com/stillgray/status/1930713852175331335?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: <a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">The fallout</a> between the two men was triggered by Musk's <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">sharp criticism of Trump's "big, beautiful bill"</a>. The conflict escalated after Trump said he was "very surprised" and "very disappointed" in Musk's comments. Musk pushed back, claiming he had helped Trump win in 2024 and accused him of "ingratitude."
The <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">trading of insults continued</a>, with Musk posting: &#8220;Congress is spending America into bankruptcy!&#8221; and Trump stating, &#8220;I don&#8217;t mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress.&#8221;
Trump and Musk also sparred over Musk's EV mandate, with the former alleging that the removal of the mandate had caused Musk to go "CRAZY."
Press secretary Karoline Leavitt reacted to the situation, saying: "This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted."
Tesla lost a staggering $152 billion in market value on Thursday, marking a record single-day decline. Despite the drop, the electric vehicle maker still carries a consensus price target of $299.60, based on assessments from 26 analysts.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1024" height="378" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79.png" alt="" class="wp-image-940697" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020135/image-79-768x284.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Price Action: Tesla shares have dropped 24.50% so far this year. However, in Thursday's after-hours trading, the stock edged up 0.77% to close at $286.90, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="270" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80.png" alt="" class="wp-image-940698" style="width:436px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020148/image-80-300x183.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Benzinga&#8217;s Edge Stock Rankings point to Tesla's solid price momentum across short, medium, and long-term trends. More detailed performance insights can be <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">found here</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">Elon Musk Loses $34 Billion As Tesla Sheds $153 Billion Amid Feud With Trump—Here&#8217;s How The Billionaire&#8217;s Fortune Has Fared So Far In 2025</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Markets

TSLA

Elon Musk Says 'Yes' To Impeaching Trump, Replacing Him With JD Vance Amid Fierce Back-And-Forth Over 'Big, Beautiful Bill'

Reported Earlier, CN To Issue C$500M In 3.500% Notes Due 2030 And C$500M In 4.200% Notes Due 2035, Closing Expected June 10, 2025

President&nbsp;Donald Trump&nbsp;has hinted at a possible reconciliation with&nbsp;Elon Musk&nbsp;following a public spat. The White House is reportedly working to de-escalate the situation.
What Happened: Trump, in an interview with&nbsp;<a href="https://www.politico.com/news/2025/06/05/trump-white-house-aides-signal-a-possible-detente-with-musk-00391502">Politico</a>&nbsp;on Thursday, appeared nonchalant about his recent social media clashes with Musk. The President&#8217;s aides have been urging him to tone down&nbsp;his public criticism of Musk&nbsp;to prevent further escalation. They have even scheduled a call with Musk to potentially resolve the conflict.
Despite the apparent tension, Trump seemed unfazed, stating, "Oh it's okay."
&#8220;It&#8217;s going very well, never done better.&#8221; He also mentioned his high favorability ratings, indicating a possible shift in his stance towards Musk.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The feud between the two influential figures centered around Trump&#8217;s &#8220;big beautiful bill,&#8221; a legislative proposal encompassing his presidential agenda. The exchanges became increasingly acrimonious, prompting aides and allies to intervene and Musk to show a willingness to mend fences.
Earlier on Thursday, Trump, at the behest of his aides, moderated his comments on social media, focusing on the bill&#8217;s passage through the Senate rather than the conflict with Musk. This change in tone was evident in one of Trump&#8217;s Truth Social posts.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="602" height="300" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78.png" alt="" class="wp-image-940694" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78.png 602w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06020016/image-78-300x150.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></figure>
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/06/45800902/the-white-house-pushes-back-with-a-mythbuster-article-saying-people-wont-literally-die-from-their-tax-bill" target="_blank" rel="noreferrer noopener">The White House Pushes Back With A &#8216;Mythbuster&#8217; Article Saying People Won&#8217;t &#8216;Literally Die&#8217; From Their Tax Bill</a>
Why It Matters: This feud has strained the <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">once close</a> relationship between Trump and Musk, who was instrumental in the Department of Government Efficiency during the early days of Trump&#8217;s administration.
The public spat between Trump and Musk has had significant repercussions. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares plummeted by 14.26%, <a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">erasing $152 billion </a>in market capitalization, marking its largest single-day decline. This feud has not only affected Tesla&#8217;s stock but also Musk&#8217;s personal fortune.
 The potential truce could help mend their relationship and possibly stabilize Tesla&#8217;s stock.
Tesla stock plunged 14.26% on a single day and closed at $284.70 on Thursday. It recovered 0.77% during the after-hours trading, as per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45784639/jeff-bezos-let-customers-cancel-their-own-amazon-orders-and-it-paid-off-big-if-you-give-people-more-" target="_blank" rel="noreferrer noopener">Jeff Bezos Let Customers Cancel Their Own Amazon Orders And It Paid Off Big: &#8216;If You Give People More Control&#8230;Maybe They&#8217;ll Order More&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Signals Truce With Elon Musk After Online Feud: 'It's Going Very Well, Never Done Better'

ADXN

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Focus remains on delivering market-leading solutions to SMEs across Ireland and the broader European market

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Macro Economic Events

Econ #s

Economics

Germany Trade Balance For April 14.6B Vs. 20.2B Est.; 21.2B (Revised) Prior

Germany Industrial Production (MoM) For April -1.4% Vs. -0.9% Est.; 2.3% (Revised) Prior

U.K. Halifax House Price Index (YoY) For May 2.5% Vs. 3.2% Prior

U.K. Halifax House Price Index (MoM) For May -0.4% Vs. 0.4% Est.; 0.3% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Household Spending (MoM) For April -1.8% Vs. -0.8% Est.; 0.4% Prior

Reported Earlier, Japan Household Spending (YoY) For April -0.1% Vs. 1.5% Est.; 2.1% Prior

INDA

India Interest Rate Decision 5.50%	Vs. 5.75% Est.; 6.00% Prior

SkyBridge Capital founder Anthony Scaramucci stated on Thursday that President Donald Trump&#8216;s political influence has begun to decline, coinciding with a $152 billion market capitalization loss for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) amid an escalating public feud between Trump and CEO Elon Musk.
What Happened: &#8220;People aren&#8217;t realizing yet but today is the day that trump as a political asset has started decaying. Mark the day,&#8221; Scaramucci wrote on X, adding &#8220;Elon is right about Trump.&#8221; 
The Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate&#8217;s comments came as Tesla suffered its second-largest percentage drop in over a year, falling 14.3% to $284.70.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People aren't realizing yet but today is the day that trump as a political asset has started decaying. Mark the day.
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1930713189546701093?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The unprecedented market rout followed Trump&#8217;s public criticism of Musk over the SpaceX CEO&#8217;s opposition to Trump&#8217;s &#8220;Big Beautiful Bill&#8221; spending legislation. Tesla&#8217;s decline marked the company&#8217;s largest single-day market cap loss in history, pushing it <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">out of the $1 trillion valuation club</a>.
Musk had labeled the spending bill &#8220;a disgusting abomination&#8221; on social media, warning that Trump&#8217;s proposed tariffs &#8220;will cause a recession in the second half&#8221; of 2025. The Tesla CEO criticized Congress for &#8220;spending America into bankruptcy&#8221; while questioning the bill&#8217;s fiscal impact on national debt.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45807325/bitcoin-ethereum-dogecoin-drop-as-crypto-market-loses-124-billion-amid-trump-musk-feud-and-mass-liquidations">Bitcoin, Ethereum, Dogecoin Drop As Crypto Market Loses $124 Billion Amid Trump-Musk Feud And Mass Liquidations</a>
Why It Matters: Trump responded aggressively on Truth Social, stating he &#8220;asked Musk to leave the White House as he was wearing thin.&#8221; The president suggested terminating <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">government subsidies and contracts</a> with Musk&#8217;s companies, which the Washington Post analysis estimates have received at <a href="https://www.benzinga.com/news/politics/25/06/45807020/chuck-schumer-wants-siri-to-play-bad-blood-as-elon-musk-donald-trump-feud-each-other-mike-johnson-sings-a-hawkish-tune">least $38 billion in public funding</a>.
The feud escalated when Musk referenced Trump&#8217;s alleged connection to the Jeffrey Epstein files and proposed creating a third political party representing &#8220;the 80% in the middle.&#8221; 
The fallout <a href="https://www.benzinga.com/news/politics/25/06/45807020/chuck-schumer-wants-siri-to-play-bad-blood-as-elon-musk-donald-trump-feud-each-other-mike-johnson-sings-a-hawkish-tune">reverberated through Congress</a>, with Sen.&nbsp;Chuck Schumer&nbsp;(D-N.Y.) posting &#8220;Siri, play &#8216;Bad Blood'&#8221; on X. House Speaker Mike Johnson called Musk&#8217;s attacks &#8220;not helpful&#8221; while defending the legislation as including &#8220;the largest mandatory spending cut to the federal government in history.&#8221;
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45807132/cathie-wood-drops-373-million-on-circles-168-rally-dumps-coinbase-and-crypto-holdings-is-ark-ditching-bitcoin-for-stablecoins">Cathie Wood Drops $373 Million On Circle&#8217;s 168% Rally, Dumps Coinbase And Crypto Holdings — Is Ark Ditching Bitcoin for Stablecoins?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Michael Candelori on Shutterstock.com

$BTC

Anthony Scaramucci Says Trump As A 'Political Asset Has Started Decaying' Amid Feud With Elon Musk And Tesla's Billion Dollar Wipeout: 'Mark The Day'

On Thursday, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cut jobs in its books division, including roles at Goodreads and Kindle.
What Happened: The company said that fewer than 100 employees were impacted by the layoffs, reported Reuters.
An Amazon spokesperson explained, "As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we've made the difficult decision to eliminate a small number of roles within the Books organization."
Amazon has been <a href="https://www.benzinga.com/media/25/01/43352019/amazon-cuts-more-jobs-in-cost-saving-push-report">implementing job cuts gradually</a>, with recent reductions affecting its devices and services division, the Wondery podcast unit and employees in its stores and communications teams.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
The e-commerce giant also added approximately 4,000 jobs in the first quarter of this year compared to the fourth quarter of last year, the report noted, citing a disclosure made last month.
Why It's Important: Last month, sportswear giant Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) also <a href="https://www.benzinga.com/25/05/45512822/nike-announces-layoffs-in-tech-division-shifts-focus-to-third-party-vendors">announced plans to cut jobs</a> within its technology division, choosing instead to outsource portions of the work to third-party vendors.
On Monday, more than 300 Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) employees were reportedly informed that their <a href="https://www.benzinga.com/markets/tech/25/06/45738506/microsoft-fires-hundreds-more-workers-amid-ai-fueled-growth-calls-it-positioning-the-company-for-success">positions had been eliminated</a>, adding to the approximately 6,000 job cuts the company announced last month.
Price Action: Amazon shares climbed 0.32% during Thursday&#8217;s regular trading session and saw a further gain of 0.048% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that Amazon maintains a positive price trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can view more in-depth metrics here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06005806/Screenshot-2025-06-06-at-10.25.55%E2%80%AFAM.png" alt="" class="wp-image-940653" /></a></figure>
Photo Courtesy: Matthew Nichols1 on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

AMZN

MSFT

Amazon Cuts Jobs In Kindle, Goodreads Divisions, Terms It A 'Difficult Decision'

Sen. Bernie Sanders (I-VT) is putting fresh heat on Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), one of the world's most recognisable brands, this time shedding light on the conditions faced by its workers, deep inside its globalised supply chains.
What Happened: On Thursday, Sanders trained his guns at sportswear giant, criticising its labor practices abroad, and going as far as to call it &#8220;corporate greed at its worst.&#8221;
In a post on X, the independent senator from Vermont said he met a worker at one of Nike&#8217;s factories, named Dinar, who sews 222 labels per hour onto Nike products and is paid just $202 a month.
Sanders argues that this was despite the company making $23 billion last year, and its founder amassing a fortune worth over $35 billion, and yet &#8220;Nike pays just dollars a day to the workers who make its products.&#8221;
See Also: <a href="https://www.benzinga.com/news/25/06/45789418/bernie-sanders-warns-saying-trump-is-dangerous-is-not-enough-vows-to-take-on-billionaires-fight-for">Bernie Sanders Warns &#8216;Saying Trump Is Dangerous Is Not Enough,&#8217; Vows To &#8216;Take On&#8217; Billionaires, Fight For Working People And Resist Movement Towards &#8216;Authoritarianism&#8217;</a>
Here, Sanders is referring to Nike&#8217;s billionaire founder, Phil Knight, with a net worth of $31.2 billion, according <a href="https://www.bloomberg.com/billionaires/profiles/philip-h-knight/">to</a> the Bloomberg Billionaires Index, however, the claims of how much the company &#8220;made&#8221; last year are wrong. In 2024, Nike <a href="https://investors.nike.com/investors/news-events-and-reports/investor-news/investor-news-details/2024/NIKE-Inc.-Reports-Fiscal-2024-Fourth-Quarter-and-Full-Year-Results/default.aspx">reported</a> $51.4 billion in revenue, with a profit of $5.7 billion, or $3.73 per share.
His post, nonetheless, echoes the growing concerns surrounding global supply chains and wage disparities at large multinational corporations. 
Sanders, a longtime critic of labor exploitation and income inequality, used the moment to spotlight the gulf between executive wealth and factory-level compensation.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last year, <a href="https://twitter.com/Nike?ref_src=twsrc%5Etfw">@Nike</a> made $23 billion. Its founder is worth $35 billion. But Nike pays just dollars a day to the workers who make its products. Today I met Dinar, who sews 222 labels an hour onto Nike products. She is paid $202 a month. This is corporate greed at its worst. <a href="https://t.co/n5HWsjjlsF">pic.twitter.com/n5HWsjjlsF</a>
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1930762091180552582?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Two months ago, at the onset of President Donald Trump&#8217;s &#8220;Liberation Day&#8221; tariffs, Nike&#8217;s global supply chains were once again in the spotlight.
Economist Peter Schiff used the company as an example, saying that Nike would <a href="https://www.benzinga.com/markets/equities/25/04/44640220/peter-schiff-says-nike-wont-build-factories-in-us-they-will-sell-to-countries-like-china-a-much-better-strategy-amid-trump-tariffs">not be building factories</a> in the U.S. to &#8220;manufacture its sneakers,&#8221; since the resulting costs would be &#8220;higher than the 40% tariffs,&#8221; clearly highlighting the importance of global supply chains and cheap labor for the company&#8217;s bottom line.
Nike&#8217;s shares are down 14.93% year-to-date, amid the tariffs and trade tensions, with <a href="https://www.benzinga.com/news/global/25/04/44741043/nike-stock-tumbles-as-us-china-trade-war-intensifies-what-you-need-to-know">its key supply regions</a>, Vietnam, China, and Indonesia being subjected to reciprocal tariffs ranging from 32% to 46%, which have since been lowered, pending trade negotiations. 
Price Action: Nike shares were down 0.16% on Thursday, trading at $62.67, and are down 2.03% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06002613/Screenshot-2025-06-06-at-9.56.00-AM-1024x148.png" alt="" class="wp-image-940617" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06002613/Screenshot-2025-06-06-at-9.56.00-AM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06002613/Screenshot-2025-06-06-at-9.56.00-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06002613/Screenshot-2025-06-06-at-9.56.00-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06002613/Screenshot-2025-06-06-at-9.56.00-AM.png 1524w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, shares of Nike score poorly across key ranking metrics, and the stock has an unfavorable price trend in the medium and long-terms, but fares well in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Photo Courtesy: Joshua Sukoff on Shuttertsock.com
Read More: 
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