Nike's warnings on China should scare other companies that do business there

Nike stock plunged on Friday after the athletic gear giant cut its fiscal-year sales outlook.  Sales in China fell short of forecasts, and the company warned of headwinds there.  That comes as China's post-COVID economic recovery has fizzled, with consumer demand remaining weak. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're o ...