Asian shares mostly gained on Thursday after U.S. stocks hit another all-time high. U.S. futures edged up while oil prices fell. Tokyo’s Nikkei 225 inched up 0.1% to 39,794.16. In South Korea, the Kospi added 1% to 3,

While the market cheered Nike's earnings beat, a look under the hood reveals a shocking 86% decline in quarterly net income and a 440 basis point drop in gross margin. Nike is taking a massive gamble by deliberately shrinking its classic franchises like the AF1 and Dunk, a move that cost the company ~$1 billion in revenue in Q4 alone.

U.S. stock indexes are drifting higher ahead of a highly anticipated report about how the U.S. job market is holding up amid uncertainty about President Donald Trump’s tariffs. The S&P