Wall Street analysts believe Lululemon Athletica Inc (NASDAQ: LULU) will take time to recover after the athleisure specialist trimmed its full-year guidance for profit and revenue. In the earnings release, Calvin McDonald, the company’s chief executive, cited execution missteps in key product categories and “missed opportunities to create new trends” for underperformance. And while he
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Wall Street analysts believe Lululemon Athletica Inc (NASDAQ: LULU) will take time to recover after the athleisure specialist trimmed its full-year guidance for profit and revenue. In the earnings release, Calvin McDonald, the company’s chief executive, cited execution missteps in key product categories and “missed opportunities to create new trends” for underperformance. And while he
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where
This was a week where power plays abroad and policy shocks at home rippled through politics and markets alike. From Beijing’s military pageantry with Moscow at its side to Washington’s immigration crackdown and renewed pressure on the Fed, the world’s biggest economies showed little interest in subtlety. In London, political turmoil deepened with a high-profile
This was a week where power plays abroad and policy shocks at home rippled through politics and markets alike. From Beijing’s military pageantry with Moscow at its side to Washington’s immigration crackdown and renewed pressure on the Fed, the world’s biggest economies showed little interest in subtlety. In London, political turmoil deepened with a high-profile
President Donald Trump wrapped up the week Friday signing an executive order to change the name of the Department of Defense to the Department of War. The executive order gives the green light to use the name ‘Department of War’ as a secondary title for the Department of Defense, along with terms like ‘secretary of
President Donald Trump wrapped up the week Friday signing an executive order to change the name of the Department of Defense to the Department of War. The executive order gives the green light to use the name ‘Department of War’ as a secondary title for the Department of Defense, along with terms like ‘secretary of
