After days of hostilities, Nike and Arizona have agreed upon a détente.
The athletic wear giant announced on Thursday that it is moving forward with its plan to open a Nike Air Manufacturing Innovation facility in Goodyear, Arizona, just a week after the state's governor said the company was not welcome.
"We welcome Nike to our state," Gov. Doug Ducey said in an about-face tweet on Thursday.
The feud began after reports emerged that Nike ($NKE) pulled a special edition of its Air Max sneakers on the advice of Colin Kaepernick, the former NFL quarterback-turned-activist, who objected to the shoe's use of the original Betsy Ross flag on its heel.
Kaepernick reportedly voiced his concern that the flag ー which was approved by the Continental Congress in 1777 and features 13 stars in a circle to represent the first 13 American colonies ー is offensive due to its connection to an era of slavery and its recent use by anti-government nationalist groups.
Upset with Nike's decision to pull the shoe, Ducey, a Republican tweeted last week, "We don't need to suck up to companies that consciously denigrate our nation's history." He ordered Arizona's Commerce Authority to withdraw all financial incentive dollars provided to Nike.
Just two days later, the governor faced criticism of his own for attending a July 4th event in Nike shoes.
With the announcement that Nike's plans are back on, the Arizona Commerce Authority announced that that it is "pleased Nike will locate its new manufacturing facility in Goodyear."
The announcement was "good news for Arizona and for Goodyear," Ducey added.
"Nike joins a growing list of Fortune 500 companies who proudly call Goodyear, Arizona home," Tammy Vo, Goodyear's digital communications director, said in a statement to Cheddar. "We are excited to partner with them to bring high-quality jobs, breakthrough technology, and advanced manufacturing to our community.""
The Nike facility is an investment of roughly $184 million and is expected to create over 500 full-time jobs.
"The expansion of Air MI in Arizona helps us keep pace with the growing demand for Nike Air and also greatly increases the size of our U.S. manufacturing footprint," Eric Sprunk, Nike's chief operating officer, said in a statement. "We want to thank the State and City of Goodyear for their partnership as we continue to accelerate our growth."
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.