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Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street
Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street
Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut.
The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and profit forecasts also missed the mark.
Full Year Forecast (courtesy of Bloomberg):
Sees net revenue $11 billion to $11.15 billion, saw $11.35 billion to $11.5 billion, estimates...
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Aug 18, 2026 / Tyler Durden
Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins
Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins
Meta Platforms is facing a critical juncture in its battle over youth online safety. Just weeks after suffering a massive legal defeat in New Mexico, the parent company of Facebook and Instagram is now defending itself in a California federal court against a bipartisan coalition of 29 states. The states say Meta deliberately designed its platforms to addict children and harvested their data in violation of federal law.
The California Showdown
A sweeping multistate trial opens Tuesday in...
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Aug 8, 2026 / Tyler Durden
Iran Insists US Must Meet Stringent List Of Demands Before Hormuz Opens
Iran Insists US Must Meet Stringent List Of Demands Before Hormuz Opens
As expected, Iran is pressing hard to extract from Washington everything it can get - at a moment the Trump White House seems to be backing down from a heighted war over the Strait of Hormuz, given the serious risk of settling into a another years-long quagmire in the Middle East.
The US administration, including Treasury Secretary Scott Bessent, has appeared to back the Iran-Oman deal for the opening of the Strait, with President Trump and his officials having...
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May 12, 2026 / Tyler Durden
India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee
India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee
One day after vehemently denying speculation that India plans to raise duties on gold and silver imports following Prime Minister Narendra Modi's urging people to avoid buying gold for a year due to the impact of the Iran war, India did in fact raise import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves.
The government has...
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