Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Dick's Sporting Goods shares have already been cut in half this year and things are about to get worse, according to one Wall Street firm.
Cowen lowered its rating on the retailer to market perform from outperform, saying it will suffer as suppliers such as Nike and Under Armour increasingly sell directly to consumers online.
"Despite Dick's Sporting Goods remaining the preferred destination when shopping for sporting goods according to the Cowen Consumer Tracker, slowing N. America sales growth rates from key vendors Nike and Under Armour, along with increased emphasis on the brands' own direct-to-consumer platforms will pressure Dick's Sporting Goods SSS [same-store sales] growth and margin profile," analyst John Kernan wrote in a note to clients Thursday.
"Competing with Amazon is too difficult … Amazon continues to gain share," he added.
Dick's Sporting Goods shares are underperforming the market this year. Its stock is down 50 percent year to date through Wednesday versus the S&P 500's 9.2 percent return.
The retailer on Aug. 15 reported weaker-than-expected second-quarter earnings results and lowered guidance for the year.
Kernan reduced his price target for Dick's Sporting Goods to $28 from $31, representing 5.5 percent upside from Wednesday's close.
He said Nike and Under Armour represent 20 percent and 12 percent of Dick's Sporting Goods sales, respectively, which is a problem because these key suppliers will increasingly sell through other distribution channels.
"With Nike's plans to shortly begin direct selling on Amazon, Dick's Sporting Goods likely three largest vendors, Nike, Under Armour and Adidas will all be selling directly on Amazon," he wrote. "Sporting good and athletic apparel and footwear industries are currently over-inventoried and the environment is as promotional as we have ever seen."
Dick's Sporting Goods did not immediately respond to a request for comment.
— CNBC's Michael Bloom contributed to this story.