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Why Are Stocks Called Equities?

Start with the equity in a house. If your home is worth $400,000 and you owe $320,000 on the mortgage, it has $80,000 of equity. The building is the asset and the mortgage is the debt.

Foot Locker Highlights Standout Sneaker Trade

Foot Locker’s (FL) blowout quarter today is the latest example of the trend. Not only did earnings and revenue beat estimates. The key same-store sales metric was also more than twice the expected amount, a sign of successful merchandising and customer engagement.