Job gains, oil climbs, stock market's crazy week
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Under Amour
Under Armour posted a quarterly loss of $59.6 million or $0.13 per share compared to a profit of $77 million or $0.17 per share a year ago.
COVID-19 lockdowns in China remain a headwind for the athletic apparel giant.
"As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand coupled with our powerful growth strategy positions us well to deliver sustainable, profitable returns to shareholders over the long-term" said Under Armour President and CEO Patrik Frisk in the company's earnings release.
Traders work on the floor of the New York Stock Exchange (REUTERS/Brendan McDermid)
U.S. equity futures were poised on Friday to add to the selling seen in Thursday's equity market carnage and ahead of the release of the most anticipated economic report of the month. Continue reading
Help wanted sign ((AP Photo/Charles Krupa))
U.S. job growth likely continued at a brisk clip in April, suggesting the labor market is still strong despite headwinds from the highest inflation in four decades, global supply chain constraints and a worsening labor shortage. Continue reading
Marathon Petroleum's Los Angeles Refinery (REUTERS/Bing Guan)
Oil prices gained Friday morning on concerns about supply as the European Union prepares sanction on Russia, which would include an embargo on crude oil. Continue reading
Gas Prices (AAA)
The average price for a gallon of gasoline in the U.S. rose on Friday to $4.279, according to the latest numbers from AAA. The price on Thursday was $4.247. The record high was $4.33, set on Friday March 11, 2022.
Bitcoin illustration (iStock)
Bitcoin is struggling to stabilize after a day that saw the cryptocurrency fall more than 8% to below $37,000. Continue reading
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