Check out the companies making headlines before the bell: Under Armour — The retail stock tumbled 21% after American sportswear company posted first-quarter results that missed estimates. Under Armour reported adjusted earnings of 2 cents per share, lower than the FactSet consensus estimate of 3 cents. Revenue of $1.10 billion came in below the $1.13…
Lee dreamed of becoming a chef since they were a child. Practising obsessively at home for family and friends, they went to culinary school and slowly climbed the ranks, eventually becoming sous chef at one of Hong Kong’s top kitchens. On paper, it’s everything they dreamed of. But they never imagined that this achievement would…
Global markets have largely been indifferent to U.S. President Donald Trump’s latest tariffs, a sharp departure from the steep selloff triggered by his April 2 announcement of “reciprocal” duties, as investors grow increasingly numb to what they see as a negotiating tactic. In recent days, the U.S. rolled out new tariffs of 10% to 15%…
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Tea and Flo are both still operating and available in major app stores. It’s a good reminder how often we turn over sensitive information to our apps and what little recourse we have when things go wrong. Online…
United States President Donald Trump has fired off a social media message calling on the head of the US technology firm Intel to resign from his post as chief executive officer. Trump’s decision to denounce Intel CEO Lip-Bu Tan on Thursday morning sent the company’s stocks tumbling, amid the uncertainty about the future of its…
Russia’s President Vladimir Putin shakes hands with United Arab Emirates’ President Sheikh Mohammed bin Zayed al-Nahyan during a meeting in Saint Petersburg, Russia, October 11, 2022. Pavel Bednyakov | Sputnik | via Reuters DUBAI, United Arab Emirates — United Arab Emirates President Mohammed bin Zayed al Nahyan traveled to Russia on Thursday for his second…
A Federal Reserve official on Wednesday called last week’s tepid jobs report “concerning,” and said its significant downward revisions could signal an economic shift in the U.S. Federal Reserve Governor Lisa Cook highlighted the report’s sizable downward revisions to jobs created in May and June, saying that they are “typical of turning points” in the economy. …
Even as the United States slaps India with a 50 percent tariff, the highest among all countries so far and one that will push their relationship to its lowest moment in years, one thing is clear: US President Donald Trump is more interested in onshoring than friend-shoring, experts say. On Wednesday, the US announced an…
Taipei, Taiwan – Southeast Asia’s export-driven economies are facing new uncertainty from United States President Donald Trump’s trade war, as his administration cracks down on exports directed through third countries to avoid his tariffs on China. Under an executive order issued by Trump last week, goods imported into the US face a punitive 40 percent…
Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of…