Nike CEO John Donahoe will retire from the company in October. He will be replaced by company veteran Elliott Hill.
The company's Slack server was hacked in July, leading to more than a terabyte of company data being leaked to the public.
Following the Federal Reserve's interest rate cut, tech stocks had a slightly delayed rally but jumped on Thursday, with the Nasdaq climbing 2.5%.
Nike CEO John Donahoe will retire from the company in October. He will be replaced by company veteran Elliott Hill.
Thursday's relief rally notwithstanding, a turbulent period probably awaits investors as the year winds down.
A deadline of Oct. 1 for a new deal between port workers and ownership is approaching, and after talks broke down during the summer, tensions
