Under Armor shares tank after sudden losses, warn of gains

Under Armour forecast lower-than-expected full-year profit on Friday, as sportswear makers grapple with high transportation cost and a hit for your business from Renewed COVID-19 restrictions in China, Shares of Under Armor fell more than 21% in premarket trading, as the company also reported surprising losses and bleak sales in the first three months of … Read more

Bank of America’s quarterly profits drop 12%, much lower than rivals

Bank of America reported a 12% drop in first-quarter profit from a year ago, which was much lower than its rivals last week. The country’s second largest bank received higher net interest income and little help Risk to Russian property, Charlotte, a North Carolina-based bank, said it posted a profit of $7.1 billion, or 80 … Read more