Under Armour Inc. on Wednesday said that Stephanie Linnartz would become the company’s chief executive on Feb. 27. Linnartz, currently the president of Marriott International Inc. , will also become the athletic-apparel maker’s president and join its board at that time. Colin Browne, who has been interim president and chief executive since June, will resume his role as chief operating officer when Linnartz comes aboard.
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Linnartz also sits on the board of home-improvement retailer Home Depot . Shares of Under Armour rose 1.6% after hours on Wednesday. Create a list of the investments you want to track. But this company has wiped out more investor wealth in 2022. Get all of our latest home-related stories—from mortgage rates to refinance https://dotbig.com/ tips—directly to your inbox once a week. News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
This announcement comes as the BOJ moves to a more hawkish stance from its easing monetary policy. The Dow gained 92 points, while the technology heavy Nasdaq Composite remained unchanged. Stock news The S&P 500 increased 0.1% as four of the eleven S&P sectors finishing in negative territory with Energy pacing gains. For new investors, big swings in the market can be a lot to handle.
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Why did Park Hotels & Resorts stock go down today? Lodging REITs buck market rally
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Regardless of what the market does through the end of the year, experts recommend staying the course and dollar-cost Stock news averaging toward your long-term investment goals. The Fed’s next meeting is from January 31 to February 1.
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Make sure your investments are appropriate for your goals, timeline, and risk tolerance. Two of the Fed’s central mandates are to maintain low unemployment and keep inflation at a healthy level — around 2%. It does that through monetary policy, including adjusting the money supply https://dotbig.com/ in the country to make interest rates move toward the target rate they set. For the last several years, easy-to-find jobs, record-high wages, and low interest rates heated up the economy to a point where everyday expenses like food, utilities, and housing are now more expensive.
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