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Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
02/06/2023

Lululemon shares surge after reporting 24% sales growth, raising full-year guidance

Lululemon reported healthy first-quarter profits that beat Wall Street's estimates.

CNN’s new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav
02/06/2023

CNN’s new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav

CNN's hiring of David Leavy as its new chief operating officer highlights the bond between CNN CEO Chris Licht and Warner Bros. Discovery CEO David Zaslav.

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering
01/06/2023

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

Not just shoplifting: Here’s why companies say retail theft is such a big deal
01/06/2023

Not just shoplifting: Here’s why companies say retail theft is such a big deal

Shrink, retail theft and organized retail theft are often cited by retailers as a reason for lower profits, but the terms are distinctly different.

Memorial Day air travel tops 2019 levels as consumers keep shelling out for trips
31/05/2023

Memorial Day air travel tops 2019 levels as consumers keep shelling out for trips

The Transportation Security Administration said it screened nearly 9.8 million people over Memorial Day weekend.

Goldman Sachs is cutting jobs again amid Wall Street deals slump
31/05/2023

Goldman Sachs is cutting jobs again amid Wall Street deals slump

Goldman Sachs, more tied to the ups and downs of Wall Street than its rivals, is cutting jobs again.

Restaurants expect strong sales this summer. Consumers aren’t so sure
30/05/2023

Restaurants expect strong sales this summer. Consumers aren’t so sure

Last year, restaurant sales in May, June and July were tepid as higher gas prices and concerns about the economy weighed on consumers.

Streaming services are removing tons of movies and shows — it’s not personal, it’s strictly business
30/05/2023

Streaming services are removing tons of movies and shows — it’s not personal, it’s strictly business

Consumers thought streaming would be forever, but library content is disappearing as studios seek to cut costs.

A U.S. recession would be ‘good news’ for markets, strategist says
29/05/2023

A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
29/05/2023

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate.

DirecTV reaches deal to provide NFL ‘Sunday Ticket’ to bars and restaurants
26/05/2023

DirecTV reaches deal to provide NFL ‘Sunday Ticket’ to bars and restaurants

DirecTV gave up NFL Sunday Ticket residential rights for next season, but it will continue to be the commercial provider for the package.

Gap shares soar after retailer reports big improvement in margins
26/05/2023

Gap shares soar after retailer reports big improvement in margins

Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.

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