GameStop, AMC slide further as meme stocks rally tapers off

Under Armour forecasts downbeat fiscal 2025, outlines restructuring plan (Reuters) -Under Armour forecast a surprise drop in annual sales and projected profit below analysts' estimates on Thursday, as the sportswear maker laid out a plan to simplify its business and cut jobs in the face of weak demand in the United States. The company said it looks to "meaningfully reset" business in North America, its biggest market, and reverse impact from years of heightened promotions and inflated inventories.Reuters Jamie Dimon …