Yesterday(1/13), Under Armour (NYSE: UA) fell 16%. It’s dropped almost 30% over the past month. Today’s (1/14) price of $18.25 getting close to the 52-week low of $16.05 it reached in November. And to add insult to (sports?) injury, original investors in the athletic wear company will note it’s well below what they paid in the 2005 IPO. 

Iran says OPEC could cut output again in March… Russia-Ukraine gas row not finally resolved…

The Congressional Budget Office’s announcement Wednesday that 2009’s budget deficit was going to be $1.19 trillion – before a nickel of President-elect Barack Obama’s stimulus plan has been included – raises a crucial question for the U.S. economy: Is there too much stimulus, and what effect would too much stimulus have?

“Alcoa to cut 13,500 jobs”…another recession headline confirms unemployment will continue to get worse for a while yet. Outright cuts make the big news. But some companies hitting rough times have taken a gentler approach. Their workers have kept their jobs…

But their paychecks are shrinking.

More and more Americans have become involuntary part timers. Some of these half-fortunate workers looked for full time work, but were only able to find part-time employment. Most of them are still in the same job but working less. Goodbye to the rich time-and-a-half overtime work. These involuntary part-timers are even losing straight-time hours.

An involuntary part-timer, also known as an “underemployed” person in the statistics, is someone who wanted a full-time job but works 35 or…

Fed sets target for buying mortgage-backed securities… Initial jobless claims fall more than expected… S&P 500 futures up 0.4 pct, Dow futures up 0.2 pct, Nasdaq futures off 0.3 pct

US dollar falls against euro, currency basket… Pound hits 6-1/2-yr low vs dlr, near parity with euro… Swiss franc supported by Israel-Hamas conflict… Prices of US single-family homes plunge in October

Oil prices fell again yesterday (Wednesday) – dropping below $40 for the first time in four years – as weak demand and growing inventories overshadowed a record cut in production by the Organization of Petroleum Exporting Countries (OPEC).

Dollar plunges to 13-1/2 year trough vs yen, below 88… European, U.S. government debt touch fresh historic lows… Morgan Stanley’s, PNB Paribas’ losses lead stocks lower… Oil slips; OPEC’s record cut doesn’t offset demand slide

OPEC cuts 2.2 million bpd of crude output… Dealers say record cut not enough to offset demand slide

Goldman cuts 2009 oil price forecast… OPEC should make severe output cut, says president… Russia says ready to work with OPEC on output cuts