Futures Movers: Oil prices climb after Russia announces production cut of 500,000 barrels per day in March
Russia indicated the move was in retaliation for western price caps as punishment for the country's nearly one-year deadly war in Ukraine.
Lyft shares tank 30% after company issues weak guidance
Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.
China’s biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead
China's biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead.
: Adidas is still holding a lot of Kanye West’s Yeezy gear, and it could cost the company more than $1 billion
Sneaker maker Adidas AG on Thursday said it could take a big hit to profit and sales — potentially driving it to a loss this...
Dow Jones Newswires: U.K. economy averted recession at year-end after stagnating in 4Q
The U.K.'s gross domestic product stalled from October to December compared with the third quarter, preliminary data from the Office for National Statistics showed Friday....
: Japanese yen climbs on reports that economist will become next BOJ head
The Japanese yen surged by nearly 0.8% against the dollar on Friday, after a report in the Nikkei financial newspaper reported an academic was to...
Adidas shares tank after it issues warning over unsold Yeezy stock
Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to...
CNBC Daily Open: U.S. stocks drop and Treasury yields widen their inversion as the economy gives conflicting signals
U.S. stocks drop as Treasury yields widen their inversion. The U.S. economy gives conflicting signals.
As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high
The FTSE 100 has hit three all-time highs over the last week, despite continued gloom on the U.K. economy and amid a cost-of-living crisis.