Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
President Donald Trump went after European Central Bank President Mario Draghi on Tuesday for opening the door for more monetary stimulus in Europe, which would weaken the...Marketsread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
Trump's disruptive trade confrontations have sent shockwaves through the business world, while, insiders say, companies may wonder whether associating with the president could...Politicsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Wall Street has IPO fever, and Renaissance Capital principal Kathleen Smith says healthy demand for these upstarts should keep the market red-hot this year.ETF Edgeread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Shares of Under Armour fell 3.7 percent Tuesday after one Wall Street firm downgraded the athletic clothing maker to negative.
Despite a 30 percent rally in the past eight weeks, Under Armour will reverse course and lose all of those gains in the next year, according to Susquehanna Financial Group.
"Sell Under Armour. The Under Armour brand remains at risk," analyst Sam Poser warned in a note to clients. "Given poor brand distribution decisions, we believe Under Armour risks are becoming more like Reebok than Nike. … There is no fundamental recovery in sight. "
Highlighting "poor brand management," Poser said the company could shed market cap if it continues to advertise with lesser retailers. In the analyst's view, advertising with "moderate" retailers — an industry term to reflect prices — is causing "better" retailers like Dick's and Hibbett to plan to reduce their Under Armour business.
"Better sports retailers are the heart and soul of Under Armour's heritage and long-term profitable growth opportunities," wrote Poser. "The opening of distribution to Kohl's, DSW, and Famous did change the perception of Under Armour, and not for the better. "
Under Armour did not immediately respond to CNBC's request for comment.
Poser's $11 price target represents 31 percent downside from Monday's close over the next 12 months. The company is down 48 percent over the past 12 months, though it's up 17 percent in the last month.
To be sure, the debate around Under Armour's future — and pricing point — is heated, with some analysts more positive on the company's future. Stifel analyst Jim Duffy upgraded shares to buy in December, lauding the company's cost saving initiatives and improved performance.
"We believe the underlying brand equity is not yet permanently damaged," Duffy wrote. "The U.S. apparel business is at a near-term glass ceiling and the footwear business needs a reboot but, big picture, international and footwear growth potential remain compelling."
—CNBC's Michael Bloom contributed to this report.