CNBC’s Jim Cramer offered reasons for Wall Street’s wild reversal Thursday, with the major U.S. stock indexes shaking off steep losses early in the session related to Russia’s invasion of Ukraine and finishing in the green.
Nike just wiped out more than $900 million of Foot Locker’s market value
Nike (NKE) just stuck a size 12 basketball shoe into the groin of trusted vendor partner Foot Locker (FL) as it seeks to bank even more money from its $150-plus pairs of sneakers.
Russia-addled Wall Street may be banking on a rescue
Dispatches from Wall Street — where tensions between Russia and Ukraine turned hot overnight, displacing fears of inflation fighting central bankers — have become decidedly bleak these days.