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Lululemon offered a weak 2026 outlook on Tuesday as tariffs, higher expenses and a dramatic proxy battle with its founder weigh on its bottom line. The athleisure company’s guidance for both the current quarter and the fiscal year came in lower than expected on the top and bottom lines. Lululemon is expecting first-quarter sales to […]
Closing arguments concluded Tuesday in a trial pitting Elon Musk against Twitter shareholders who say the world’s richest man engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy the social media platform in 2022. The civil trial in San Francisco centers on a […]
Several airlines raised their revenue expectations for the first quarter on Tuesday, despite carriers dealing with higher jet fuel prices since the war in Iran started. Delta Air Lines CEO Ed Bastian told CNBC’s Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been […]
Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time. CEO Jensen Huang unveiled a new central processor and an AI system built on technology from Groq — a […]
Nvidia CEO Jensen Hwang gives the keynote address at the company’s annual GTC developers conference at the SAP Center in San Jose, California, on March 16, 2026. Josh Edelson | Afp | Getty Images Nvidia is expanding deals for its autonomous vehicle development business to Hyundai Motor, Nissan Motor and Isuzu, as well as Chinese […]
The Bill Gates-backed campaign urging billionaires to donate most of their fortunes to good causes is reportedly facing backlash as tech moguls mock the philanthropy club and Gates’ recently revealed ties to late financier and sex offender Jeffrey Epstein continue to shadow the initiative. Critics like Peter Thiel, who is not a signatory, have derided […]
People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague’s retirement when his boss, Jamie Dimon, called Petno over. It was March […]
The founder of a Vermont-based whiskey brand wants to give away a college campus that he bought during the pandemic — on the condition the new owner shares his vision for “the revival of our country and our civilization.” Raj Peter Bhakta is offering to gift the campus of 185-year-old now-defunct Green Mountain College in Poultney, Vermont […]
Starbucks union members and their supporters, including baristas who have just walked off the job, effectively closing a local branch, picket in front of the store, Feb. 28, 2025 in New York City. Andrew Lichtenstein | Corbis News | Getty Images Starbucks Workers United presented the company with a comprehensive proposed contract last month, the […]
WASHINGTON — Energy Secretary Chris Wright predicted that soaring oil prices will cool off within the “next few weeks” after the war in Iran ends, while sidestepping a question about whether he expects crude to top $200 a barrel. Oil prices have been hovering around $100 a barrel in the futures markets since President Trump announced a […]
