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Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
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Chinese Shares Mixed; Property Policy Meeting in Focus
Chinese shares opened mixed as investors wait for a more detailed policy reading on the property sector later today.The Wall Street Journal - World - China -
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U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
We should plug the safety net’s biggest hole
Other affluent countries generally do more to ensure that such individuals have a roof over their heads, food on the table and basic health care. We should as well, for their benefit as well as ours as a nation.The Hill - Politics -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Spain claims its "biggest-ever seizure" of crystal meth
Spanish police said they dismantled a major methamphetamine distribution network of the Mexican Sinaloa cartel after seizing 1.8 tons of the drug.CBS News - Top stories - Spain -
Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
These are some of the stocks posting the largest moves in premarket trading.CNBC - Business - Stock Market