Under Armour Inc. announced Wednesday afternoon that its chief executive is stepping down, a little more than two years after he replaced the founder at the top of the athletic-gear company. Under Armour UA, -6.90% said that Patrik Frisk will step down June 1 and be replaced on an...
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, ,more than erasing the previous sessions rally and underlining warnings from some market veterans that sharp rebounds in what has so far been a down year for equities may be little more...
The Dow Jones Industrial Average's DJIA, -2.51% three retailer components are accounting shaving about 172 points off the Dow's price in midday trading Wednesday, in the wake of Target Corp.'s TGT, -25.60% disappointing earnings report. Shares of Walmart Inc. WMT, -6.26% shed 6.9% and of Walgreens Boots Alliance WBA,...
The U.S. stock market was trading sharply lower Wednesday morning, failing to extend Tuesday's bounce, as retailer Target Corp. fell into the spotlight after reporting a big earnings miss for its fiscal first quarter. The Dow Jones Industrial Average DJIA, -1.64% was trading around 1.2 % lower, the S&P...
The U.S. Soccer Federation reached milestone agreements to pay its men’s and women’s teams equally, making the American national governing body the first in the sport to promise both sexes matching money. The federation, headquartered in Chicago, announced separate collective bargaining agreements through December 2028 with the unions for...
Share of Lowe's Cos. LOW, -0.36% fell 1.1% in premarket trading Wednesday, after the home improvement retailer reported a fiscal first-quarter profit that rose above expectations but total and same-store sales that fell a bit shy, hurt by unseasonably cold temperatures in April. Net income for the quarter to...
By Michael Susin Experian PLC on Wednesday reported a rise in pretax profit in fiscal 2022 driven by strength in organic revenue across North and South America, the U.K. and Ireland, and raised its dividend payout. The consumer-credit reporting company posted a pretax profit for the year ended March...
By Joshua Kirby Continued supply chain pressures led to a big decline in new car registrations in the European Union in April, according to data from European Automobile Manufacturers Association, or ACEA. Total new car registrations in the bloc fell 21% on year to 684,506 units sold. This...
RALEIGH, N.C. — First-term U.S. Rep. Madison Cawthorn lost his Republican primary race Tuesday to state Sen. Chuck Edwards, after the pro-Donald Trump firebrand’s personal and political blunders translated into voter unhappiness. Cawthorn called Edwards to concede the 11th Congressional District primary to Edwards, Cawthorn campaign spokesperson Luke Ball told The Associated Press....
The U.S. has officially surpassed 1 million deaths from COVID-19, according to data Tuesday from John Hopkins University. According to Hopkins data, 1,000,139 Americans have died from COVID-19 so far. Experts say the actual death toll is likely higher. “While 1 million COVID-19 deaths is a mind-boggling number,...