Bill Gates ranks only 44th among America’s largest landowners, but he remains the country’s biggest private farmland owner

Nike reported stronger-than-expected quarterly revenue and earnings, supported by improving demand in North America and a recovery in its wholesale business. However, continued weakness in China and a cautious FY2027 outlook weighed on investor sentiment, overshadowing the earnings beat despite encouraging signs in the company’s turnaround efforts.

IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management attributed the shortfall to delayed deal closures and shifting client spending toward hardware ahead of price hikes, while cybersecurity concerns further weighed on performance during the quarter.

Valuation expert Aswath Damodaran argues that country risk is no longer limited to emerging markets as global companies face political, legal and economic shocks across borders. From US sovereign debt concerns to overseas revenue exposure, investors must factor country-specific risks into valuations regardless of where companies are listed.