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Lululemon Expects Doubling Sales—to $12.5B—in the Next Five Years
While tech stocks have taken a hit—mostly reeling from Netflix’s first subscriber loss in more than 10 years—apparel companies may have a better outlook. For one, athletic wear company Lululemon is looking to double its 2021... More of this article »
Dow UP 250 Points, but Nasdaq Takes a Big Hit On Big Loss from Netflix
The market floor was divided on Wednesday as Wall Street traders tried to strategize a rush of first-quarter earnings activity. With that, the Dow Jones Industrial Average bounced back on strong earnings from Procter & Gamble. ... More of this article »
IMF Advises Governments Should Protect the Vulnerable When Handling Covid Debt
Sentiments at the International Monetary Fund have long been pessimistic. In just the last year alone, the global body responsible for keeping the world economy stable has kept a gloomy outlook. Of course, the data certainly supports... More of this article »
Gold Prices Rise Along With Inflation
Gold futures eked their way up across international markets, this week, to peak at heights not seen since about a month ago. Specifically, spot gold saw a bump of 0.5%, to $1,984.58 per ounce. This helped to shore up US gold futures,... More of this article »
Stock Market Sluggish As 10-Year Treasury Bond Yields Reach Five-Year High
As the 10-year US treasury bond yield climbs to its highest mark in five years, the US stock market took a dip, this week. Investors now wait for the latest quarterly earnings report to begin forming strategies for the months to come. Indeed,... More of this article »
10-Year US Treasury Bond Yield Hits Three-Year High
In the face of rising inflation, the US Treasury 10-year benchmark yield hit its highest level in at least the past three years, on Monday. Indeed, the biggest 10-year US Treasury note jump registered 4 basis points, to 2.851%, in... More of this article »
Twitter Adopts “Poison Pill” Plan to Block or Delay Elon Musk’s Plan to Buy the Company
Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” essentially that would block or delay billionaire Elon Musk’s bid to buy the company for $43 billion. The board voted unanimously... More of this article »
Consumer Sentiment Rises To Three-Month High, Surprising Analysts
After two years of growing uncertainty, consumer sentiment in the United States hit a surprising three-month high in early April. With job growth numbers and wages both looking optimistic in the months to come, analysts say they... More of this article »
US Stock Indexes Sink on Tough Earnings and Inflation Data
The U.S. stock market took a dip on Thursday to close out another week of losses as investors digest a storm of bank earnings under increased CPI pressure. Both the tech-heavy Nasdaq Composite and Standard & Poors 500 indices fell... More of this article »