Skip to Content

Month: May 2022

Dow plunges 1,000 points, wiping out Wednesday’s surge

By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, eviscerating all of the gains from Wednesday after the Federal Reserve’s announcement of its plans to increase in its benchmark interest rate won over investors. Fed Chair Jerome Powell helped reassure investors Wednesday afternoon, saying that

Continue Reading
Wall Street is fed up with Under Armour

Wall Street is fed up with Under Armour, Nike and Adidas

By Nathaniel Meyersohn, CNN Business Tripped-up supply chains and a coronavirus surge in China are causing headaches for top athletic brands. Under Armour tumbled 25% Friday after the company posted a $60 million loss during its most recent quarter due to supply chain delays and recent Covid-19 lockdowns in China. Chinese authorities imposed a lockdown

Continue Reading
Skip to content