Rate-Hike Odds Slide As US Consumer Price Inflation Prints Slowest Since Pre-War

"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...

Uber Builds Large Stake In Germany's Delivery Hero As Takeover Speculation Builds Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake. On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the help of Morgan Stanley traders, according to people familiar with the matter. Uber's move to acquire Delivery Hero could be an...