Finance

Patrick T. Fallon | Bloomberg | Getty Images Shoppers and pedestrians pass in front of a Foot Locker store on the Third Street Promenade in Santa Monica, California. Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations. The stock rallied …

Scott McIntyre | Bloomberg | Getty Images A pedestrian passes in front of a Gap Inc. store in Miami Beach, Florida. Check out the companies making headlines after the bell: Gap shares plunged about 8 percent in extended trading. The clothing retailer, which owns brands like Banana Republic, Old Navy …

U.S. tractor maker Deere & Co. is set for upside as rising grain prices spur a cycle of equipment replacement across the globe, according to UBS. Analyst Steven Fisher, who upgraded the stock to buy from neutral, also told clients that a potential dividend increase and a strong earnings performance …

Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid April. The digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET, according to data from CoinDesk. All other major cryptocurrencies were also in the red despite bullish calls …

Andrew Harrer | Bloomberg | Getty Images Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc. Boom times have returned on Wall Street, at least for one trading desk. Goldman Sachs made $200 million in profit on a single day this February as calm in stock markets …

Executives are also closing in on previously announced plans to cut roughly 10 percent of staff that will likely extend into next year as the bank accelerates cost cuts, Dow Jones reported Wednesday. Following its first-quarter earnings report, the bank had announced plans to significantly reduce its workforce through the …

Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy …

Hemant Mishra | Mint | Getty Images Outside view of Flipkart office shot on October 01, 2015 in Bengaluru, India. SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion …

Sergio Flores | Bloomberg | Getty Images A man walks outside an AutoZone store in Albuquerque, New Mexico. AutoZone shares dropped 9.5 percent on Tuesday, erasing a sharp gain from earlier in the day, after worries of rising costs for the company were raised during its quarterly earnings call. During …

John Tlumacki | The Boston Globe | Getty Images The patriot missile is manufactured at Raytheon’s Integrated Air Defense Center in Andover, Mass. The hot trade in aerospace and defense – including that of industry leader Raytheon – is coming to an end, according to Credit Suisse, which downgraded both …