Nike's Jared Carver is expected to resign as president and CEO of Converse, with Aaron Cain ready to assume the leadership role.

Financial Gravity Asset Management acquired 24,760 shares of Nike in Q1, valued at around $1.57 million, per SEC filings.

The "Jessie's Girl" singer talks his latest tour, his admiration for Paul McCartney and his colorful Converse sneakers.