Lululemon store in Manhattan, New York City, U.S., on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.On an Thursday earnings call, CEO Calvin McDonald said the athletic wear company conducted a...
For economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment.For the chronically online, indicators can range from the perceived fall of fake eyelashes to more commercials for online colleges. Or, maybe, it's a skin care company selling eggs.And for Sydney Brams, a Miami-based...
Check out the companies making headlines in midday trading. Auto stocks — Major automobile manufacturers slipped following President Donald Trump's plans to impose a 25% tariff on "all cars that are not made in the United States," effective April 2. Shares of General Motors , Ford Motor and Stellantis...
Mexico City-based Mendel has raised $35 million in a Series B round of funding, it tells TechCrunch exclusively. Corporate spend management platform Mendel last raised in December 2021 — a $15 million Series A round and $20 million in debt — after participating in Y Combinator’s Winter 2021 cohort. With...
Several analysts on Wall Street see a clear winner emerging from President Donald Trump 's new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major...
The White House's protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander's executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers."Tariffs [are] a tax. It's a tax on the consumer." Ana Botín said in an interview with CNBC's...
Check out the companies making headlines in premarket trading: Auto stocks — Shares of major automakers dropped after President Donald Trump announced a 25% tariff on all cars not made in the U.S. that will go into effect next week. General Motors slid more than 6%, while Stellantis lost...
U.S. President Donald Trump's tariff policies are making the path ahead for European Central Bank interest rates "more complicated," according to Pierre Wunsch, member of the ECB's Governing Council."We were going in the right direction. And I was actually quite relaxed," he told CNBC's Karen Tso on Thursday on...