Lululemon Calls Truce With Founder Chip Wilson After Stock Collapse, Leggings Quality Implosion

Trump Admin Sues California To Block Electric Vehicle Mandate Authored by Kimberley Hayek via The Epoch Times, The Justice and Transportation Departments filed a lawsuit against California on Thursday to stop what they say is an illegal electric vehicle (EV) requirement, alleging that the state is mandating fuel economy standards that federal law places in the exclusive domain of the federal government. Attorney General Pamela Bondi and Transportation Secretary Sean P. Duffy announced the lawsuit, which was filed for the National Highway Traffic Safety Administration (NHTSA). The suit takes aim at regulations...

Oil Jumps As Trump Says Mulling Restart Of Project Freedom, Which Could Mean New Hormuz Clashes With Iran Summary Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline. Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands." Saudi Arabia condemns Iran for its latest drone attacks targeting the UAE, Qatar and Kuwait on Sunday. Qatari LNG tanker abruptly U-Turns In Hormuz chokepoint after earlier in weekend an initial one made it...

Exxon & Chevron Shares Jump After Big Q1 Earnings Beat The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages). Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter. These accounting charges are expected to fully unwind...