Under Armour, the athletic apparel retailer, has been facing some major challenges with a significant drop in sales in its largest market, North America. Sales plummeted by 10%, leading to a prediction of even worse trends in the current fiscal year. Additionally, the company witnessed a staggering decline in profits, with a more than 96%
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The Municipal Securities Rulemaking Board (MSRB) has recently sought approval from the Securities and Exchange Commission (SEC) to amend Rule G-27 on supervision to adapt to the remote work environment that has become increasingly prevalent in the financial industry. This move comes as a response to the shifting landscape that dealers have been navigating for
Several Asian currencies remained relatively flat or experienced slight losses on Monday, with the yuan facing pressure due to middling Chinese inflation data. The yuan’s USDCNY pair rose by 0.1%, reaching a two-week high following the release of data over the weekend. The consumer price index inflation in China exceeded expectations in April, indicating that
Microsoft has proven to be a reliable investment option for those looking to enter the tech sector. Analyst Kash Rangan highlights the company’s large total addressable market with consistent long-term growth. The cloud-based business, Azure, offers stability in margins, and the demand for artificial intelligence remains robust. With the stock already up 10% this year,
During the recent Berkshire Hathaway annual meeting in Omaha, guests staying at the Omaha Marriott were greeted by a 24-inch tall bronze bust sculpture of the late Charlie Munger. As a preferred lodging choice for Berkshire Hathaway shareholders and investors, the hotel was abuzz with conversations about the sculpture, which became a focal point in
The recent battle over the new budget in the Virginia General Assembly saw clashes between the state’s Republican governor and the Democratically controlled legislature over various issues, including environmental concerns, school funding, and pay-fors. Governor Glenn Youngkin and the legislature have been at odds over key aspects of the budget, such as the state’s participation
Moderna announced on Friday that the Food and Drug Administration (FDA) has postponed the approval of its respiratory syncytial virus (RSV) vaccine to the end of May. This delay was attributed to “administrative constraints” within the agency, causing the anticipated decision on the RSV shot to be pushed back from Sunday as originally expected. Despite
Mizuho Securities recently upgraded Squarespace, emphasizing the overlooked growth opportunities that the company possesses. The analyst at Mizuho Securities, Siti Panigrahi, believes that Squarespace has the potential to exceed Wall Street growth estimates significantly. The upgraded rating from neutral to buy, along with the increased price target to $50 per share from $34, indicates a
In the wake of Citi’s departure from the municipal bond business in December, broker-dealer firms have been quick to step up in the primary market. Industry experts attending the Bond Buyer’s Southeast Public Finance conference in Florida noted the void left by Citi’s exit, emphasizing the need for other market participants to fill the gap.
Apple’s stock surged following Tim Cook’s announcement of the largest stock buyback in stock market history. However, this surge may not be sustainable in the long run, as there are underlying issues with Apple’s revenue and sales that need to be addressed. Revenue Decline Apple’s revenue dipped by 4% year-over-year, with iPhone revenue down by