Nike will raise prices for some of the sporting goods maker's shoes, clothing and equipment starting this week, according to a person familiar with the matter. The price hikes will affect only certain products,

The sportswear giant said the adjustments are part of "seasonal planning" and did not mention Trump's tariffs.

Nike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned.

Oil prices settled lower on Thursday as investors weighed a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth. Brent futures settled down 47 cents,

OPEC+ members are discussing a third straight hike in oil production in July, we’re told. The news sent oil prices sliding for a third day to the lowest in a week. Members are c