Trump Attacks Iran’s Oil Terminal on Kharg Island

"Going Through Some Pain": Dick's Smashed Most On Record As Foot Locker Bet Goes Limp Dick's Sporting Goods shares crashed by the most on record Tuesday after the sporting goods retailer slashed its annual sales and adjusted operating-income forecasts, as softness at recently acquired Foot Locker deepened concerns about the $2.4 billion takeover. "We're going to go through some pain," Chairman Ed Stack told analysts on an earnings call. Dick's now expects fiscal-year net sales of $21.9 billion to $22.2 billion, below its previous forecast of $22.1 billion to $22.4 billion, as...

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

UPDATE: UK police said on Thursday that a 27-year-old British-Iranian man was arrested in connection to the incident at RAF Fairford. Prime Minister Benjamin Netanyahu said that Israel warned the UK that Iran was plotting an attack inside the country, appearing to link the warning to the arrest of five men outside RAF Fairford earlier […]