Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand 
KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
Trump Announces 100% Tariff on Generic Drug Imports Starting in 2028 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Tesla Stock Outlook: Strong EV Sales Boost Earnings, but AI Projects Drive Long-Term Value 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
JD Sports Fashion plc, a leading British sports-fashion retail company based in Bury, Greater Manchester, England, has appointed its chief executive officer after eight years. The company finally filled up its CEO post with the appointment of Regis Schultz.
As per Reuters, JD Sports, which is the biggest sportswear retailer in Britain, announced on Tuesday, Aug. 2, that Schultz has become the company’s CEO. The new chief was a former executive at B&Q PLC, a DIY and home improvement retailing company in the United Kingdom. He is also a French businessman.
The Financial Times Stock Exchange (FTSE 100) kicked out JD Sports’ long-time executive chairman, Peter Cowgill, in May due to control and internal governance issues. It was reported that he was in the position since 2014, when Barry Bown stepped down as the company CEO.
It was noted that Schultz was appointed months after JD Sports revealed it would hasten the plan of splitting up the chairman and CEO roles. The move was made after an assessment discovered many shortcomings in the company’s corporate governance.
Prior to Schultz's appointment, the company assigned Andrew Higginson, to be the new chairman just last month. The was a former chairman of the Morrisons supermarkets group.
At any rate, the 53-year-old newly-appointed CEO is expected to start his work at JD Sports next month. His main task is to manage and direct the company as it revamps its corporate governance structure. He will also work while the company deals with the country’s antitrust regulator’s investigations of the company.
Meanwhile, JD Sports announced Schultz’s assignment just a day after the company sold Footasylum, a sneaker and apparel retailer, to the Aurelius Group German asset management company. The company was forced to unload it as the Competition and Markets Authority in the U.K. ordered JD to do so because of competition concerns.
BBC News reported that the CMA ruled the JD Sports and Footasylum merger may lead to less choice and it could be a worse deal for customers. JD operates about 3,400 stores in 29 countries, and 700 of them are in the U.K. and Ireland, while Footasylum owns more than 65 stores in the U.K. and sells the same sportswear brands that JD also sells, including Nike, Adidas, and Puma.
