Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat sales in North America, sending its shares down as much as 11 percent.
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.
Shares of China-based music streaming company Tencent Music Entertainment Group rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat results for North America, sending its share down about 11 percent.
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the U.S. and China while sterling bounced on bets that UK Prime Minister Theresa May would keep her job.
U.S. stocks were up 1 percent on Wednesday afternoon, though well below their session highs, as investors were hopeful about U.S.-China trade relations after the latest comments from both sides and eyed some reassuring signs in British politics.
With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.
The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks.
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation.
Toyota Motor Corp said on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced.
A Brazilian court decided on Wednesday that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right to access a contested Rio apartment to retrieve personal belongings, according to a legal document seen by Reuters.
U.S. stocks jumped about 1.6 percent on Wednesday, bolstered by the technology sector, as signs Beijing would ease its “Made in China 2025” industrial policy added to optimism fueled by President Donald Trump’s upbeat comments on trade talks.
Canadian Foreign Minister Chrystia Freeland will hold a news conference to discuss extradition procedures on Wednesday, a day after U.S. President Donald Trump said he might intervene in the extradition case of Huawei Technologies’ executive Meng Wanzhou.
China made its first major U.S. soybean purchases in more than six months on Wednesday, two U.S. traders said, and its first since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce in early December.
Shares of China-based music streaming company Tencent Music Entertainment rose more than 13 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
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