Deckers Outdoor Corp. wrapped up a record year with roughly $2 billion in sales of Ugg boots, pushing the company to an earnings beat and a soaring stock price Thursday.
Applied Materials Inc. shares declined in the extended session Thursday after the semiconductor-manufacturing equipment maker missed on earnings, revenue and its forecast and pointed at continuing supply-chain issues.
China’s central bank on Friday lowered the benchmark lending rate for loans with tenors of five years or more, a move that could help lower financing costs for struggling businesses.
Worse-than-expected earnings results from the biggest publicly traded companies are poised to become another headwind, says Capital Economics’ Thomas Mathews.
Oil futures swing to a higher close Thursday as a selloff in equity markets eases and investors monitor plans for a pullback of COVID restrictions in Shanghai.
Under Armour announced that its CEO Patrik Frisk will be stepping down on June 1 and Colin Browne, chief operating officer will step in on an interim basis
The volatility for stocks is heating up, but how likely is it that we’ll actually get a 40% plus drop as some think? It all depends on this, says Evercore.