Nike Inc. reported quarterly sales that beat Wall Street’s expectations as the sportswear brand worked down the excess inventory that has plagued the sportswear industry. The shares surged in late trading.
GameStop Corp. swung to a surprise profit in the fourth quarter and beat analysts’ estimates for revenue, sending the shares soaring 36% extended trading.
First Republic Bank surged by a record, leading a broad-based rally in US lenders, amid discussions aimed at offering further support for the beleaguered lender.
The Portuguese Navy said it’s monitoring a tanker with a fire on board off the Atlantic coast in the north of the country in case there’s any pollution.
All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.
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