News Snapshot:
If you thought FedEx laid a big fat egg with its earnings report last week, then brace yourself for Nike's fiscal first quarter earnings due out after the close of trading on Thursday. There are a multitude of increasingly brutal headwinds facing major retailers, ranging from a global economic slowdown to bloated inventories bloated ahead of the crucial holiday season to ongoing supply chain inflation to demand weakness in China to the U.S. dollar being at fresh 20-year highs weighing on corporate profits. These concerns have Wall Street analysts poised for a dose of gloom from mighty Dow component Nike...
