Markets

Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says

The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserve’s bond purchases revived the credit market and companies rushed to raise […]
Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says
Markets

Under Armour is getting slammed after its investor day disappoints

Under Armour dropped 10% Wednesday after the company posted mediocre revenue guidance. The sporting-apparel maker said it sees annual revenue growth of 7% from 2020 to 2023, versus the 5% to 8% increase that Wall Street analysts surveyed by Bloomberg were expecting. An analyst lowered her price target, citing “scepticism […]
Under Armour is getting slammed after its investor day disappoints
Markets

Under Armour is soaring after beating on profits and raising guidance

Under Armour reported third-quarter earnings that beat on the bottom line but missed on the top line. The company also raised its full-year earnings guidance. Shares rallied 10% before Tuesday’s opening bell. Watch Under Armour trade in real time here. Under Armour is rallying before Tuesday’s opening bell – up […]
Under Armour is soaring after beating on profits and raising guidance