New reports show Nike's stock has plummeted 68 percent from its November 2021 peak.

Experts say it's a textbook 'fallen angel' - a former market darling now trading at beaten-down prices.

Sam Dickie from Fisher Funds explains further.

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New reports indicate the global housing market has entered a significant downturn.

Existing home sales have neared recessionary levels and new home sales are expected to fall.

Milford Asset Management's Brendan Larsen explains further.

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Broadband company Chorus is celebrating an endorsement from the Infrastructure Commission for its planed extension.

Chorus seeks to extend its ultrafast broadband network to another 160,000 homes and businesses at a cost of between $2.5 billion and $3 billion.

Chorus CEO Mark Aue says now is the time to boost New Zealand's rural communities.

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Halter, a New Zealand tech company specialising in virtual fencing and animal management technology, has raised $165 million in a Series D fundraising round, valuing the company at $1.65 billion.

Started in 2016, Halter’s solar-powered, smart collars were guiding thousands of cattle by sound and vibration cues, allowing farmers to get rid of fencing on paddocks.

CEO and founder Craig Piggott says the technology helps farmers be more productive - and sustainable.

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New Zealand’s largest bank is lending less cash to businesses than it was half a decade ago.

Figures from the Reserve Bank show a softening across all bank business lending since the pandemic, with ANZ the only one going backwards.

The overall growth rate across all banks has slowed to just 1.5%, down from 6% in 2013.

ANZ CEO Antonia Watson told Mike Hosking much of the drop is caused by a decrease in lending to commercial property.

She says their decision was to support their existing customers through rising interest rates and tougher circumstances as opposed to taking on new customers.

However, she confirmed the bank is back to taking on new customers.

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Market reactions after the US strikes on Iran have been more 'muted' than expected, especially compared to the response from a week ago.

Reports indicate investors have brushed off this escalation.

Shane Solly from Harbour Asset Management explains further.

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The Finance Minister's keeping a close eye on the economic impact of volatility in the Middle East.

Economists worry it will impact oil, driving up prices at the pump for Kiwis.

Nicola Willis says this is a concern.

"Our position now is that we support all efforts at diplomacy and de-escalation. That is good for the world."

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Following the recent US strikes on Iran, experts have voiced concerns over whether Iran will close the Strait of Hormuz.

The strait is considered a significant oil 'choke point' with one fifth of global oil supplies and a third of liquefied natural gas passing through it.

International relations expert Stephen Hoadley says it's an option Iran's considering - and warns closing it will come with significant implications.

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