Nike Hit With Fatwa (NKE)

 From the Washington Post:

Libya’s top religious authority banned Muslims from buying or wearing Nike clothing, citing the company’s name as a reference to an ancient Greek goddess. The ban does not have legal weight, though the authority holds influence in Libyan society. https://t.co/dECip4wdfZ

— The Washington Post (@washingtonpost) November 6, 2026

 

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It's been a tough decade for the stock, down 22.5% over the ten years with the S&P 500 up 254% during the period. And the Nasdaq 100 index, which kicked NKE out of the cool kids club in September, is up...