Lululemon Reduces Annual Outlook Citing Media Commentary and Product Issues
Athleisure retailer Lululemon lowered its annual financial outlook, attributing the revision to negative media coverage and disappointing product launches.
Athleisure retailer Lululemon lowered its annual financial outlook, attributing the revision to negative media coverage and disappointing product launches.
Swiss financial institutions are preparing to test potential applications for a Swiss franc-backed stablecoin cryptocurrency.

Rising costs drive consumers to discount retailers and credit borrowing while major chains invest billions in store improvements.

Market uncertainty from Iran conflict drives investors toward defensive positions while corporate bond buyers demand premium rates.

A national survey reveals widespread consumer frustration, with most Americans facing product or service issues and many responding with anger.

Japan's February core inflation dropped below the Bank of Japan's 2% target while officials reportedly explore oil futures intervention options.

A coalition including prediction market platform Kalshi has filed a lawsuit challenging Kentucky's new 14.25% tax on prediction markets.

Activist investor Elliott Management has built a significant position in semiconductor design software maker Synopsys.

The U.S. Senate Banking Committee will vote on major cryptocurrency legislation on May 14, advancing long-awaited regulatory framework for digital assets.
Several major retailers posted quarterly earnings showing divergent performance across different brand segments and product categories.

Robinhood's new venture fund attracted over 150,000 retail investors seeking exposure to private companies like OpenAI and Stripe before they go public.

The Labor Department reported Wednesday that consumer prices increased 4.2% annually and 0.5% in May, drawing political criticism from Senate Democrats.
An 18-year-old North Carolina woman faces conspiracy charges in an alleged plot to attack a Texas synagogue, with bond set at $10 million.
Wall Street firms distributed a record $49.2 billion in bonuses, with average payouts nearing $250,000 per employee amid ongoing market uncertainty.

Ryan Cohen is selling items on eBay including expensive tube socks to help finance GameStop's bid to acquire the platform itself.
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