Wall Street is stable after a meeting between Chinese leader Xi Jinping and Secretary of State Antony Blinken yielded no signs of progress from either side on Taiwan, human rights, technology and other issues of contention

For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance

Los Angeles Rams wide receiver Cooper Kupp visited a body specialist on Saturday to get to the root of his hamstring injury.

Former Minnesota Vikings running back Dalvin Cook said he would love to play on the same team as free-agent wide receiver DeAndre Hopkins.All 32 NFL teams are over a month away until they host training camp, where they evaluate the talent on their rosters and bring the total number of players to...

A local Victoria's Secret lost $30,000 a month to theft, authorities say. The Cabela's has reportedly lost more merchandise than any other in the nation. They're not in San Francisco, Chicago or New York, the way some might assume. They're in Wichita, Kansas.

After being one of the biggest surprises in the NFL in 2022 and making the playoffs for the first time since 2016 under new coach Brian Daboll, the New York Giants came into the season looking to take that next step

A Colorado startup that led a push to help companies market their natural gas as more environmentally friendly

Lufthansa is to remain the sole shareholder of its aircraft maintenance business Lufthansa Technik after more than a

'It’s unfortunate that one person was able to do so much damage in one case,' said prosecuting attorney Zachary Thompson

By Ross Kerber State Street Corp will offer retail fund investors proxy voting choices, the firm said on

Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Turkey’s inflation decelerated to the slowest since 2021 as President Recep Tayyip Erdogan made good on a promise