2 min read
Business

Lululemon Faces Setback as US Store Visits Slow Down, Shares Drop 15%

Lululemon Athletica Inc. shares plunged 15% on Friday after the athletic apparel retailer reported slower-than-expected traffic in its U.S. stores and issued a weaker-than-expected outlook for the upcoming quarter.

2 min read
Business

Analysts sound alarm on potential economic recession

Experts have recently been warning about the possibility of an upcoming recession, with many predicting that the United States could soon face economic downturn. Additionally, the impact of the ongoing COVID-19 pandemic has further exacerbated concerns about the state of the economy.

2 min read
Business

Fisker’s Bleak Outlook Revealed in 2023 Earnings Call

Fisker, the electric vehicle (EV) maker, faced significant distribution challenges in its recent earnings call for 2023. The company reported that supply chain disruptions and shipping delays have impacted its ability to deliver vehicles to customers in a timely manner.

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Business

Snowflake Stock Slides on Disappointing Sales Projections Amid Leadership Transition

Weak Sales Outlook
The company’s sales forecast for the current quarter fell short of analyst expectations, sending shockwaves through the market. Snowflake cited challenges in the competitive landscape and a slower pace of customer adoption as the main factors behind the disappointing outlook.

1 min read
Business

Salesforce Surpasses Expectations with Strong Quarterly Sales and Dividend Performance

Salesforce reported strong quarterly sales results, exceeding expectations set by industry analysts. The cloud-based software company saw a significant increase in revenue compared to the same period last year. This growth can be attributed to a surge in demand for digital transformation solutions.

2 min read
Business

SQ stock rises as Square projects robust growth in 2024

2024 Outlook
Looking ahead to 2024, Square provided a positive outlook for the company’s performance. Square’s management highlighted plans for expanding its product offerings and entering new markets. The company is confident in its ability to drive revenue growth and improve profitability over the next few years.

2 min read
Business

Federal Reserve Vice Chair Jefferson Optimistic About U.S. Economic Prospects

Vice Chair Jefferson provided an in-depth analysis of the current U.S. economic outlook and monetary policy during his speech earlier today. He emphasized the importance of properly assessing the distribution of goods and services across all sectors of the economy.

2 min read
Business

Analysts Warn of More Turbulence Ahead for Teladoc Stock

Teladoc Health, Inc. (NYSE: TDOC) has been experiencing a sluggish market performance recently, leading to concerns among investors. The company’s stock has been on a downward trend, with shares dropping by over 20% in the past month alone.