LULU secures a standstill agreement with its founder, restructuring the board and adding two new independent directors. Lululemon Athletica (LULU) announced a cooperation agreement with founder Chip Wilson, who owns 8.7% of the company’s stock. The deal resolves a potentia
The Vanguard S&P 500 ETF (NYSEMKT: VOO) is one of the most popular investment vehicles in the world. Including the mutual fund version of the ETF, there is $1.6 trillion in total assets invested in the low-cost Vanguard product To be clear, there are good reasons wh
April CPI data showed softer headline inflation but steady trimmed mean, reducing bets for a 25bps RBA hike by year-end. AUD/USD dropped to near 0.7136 as mixed April inflation data reduced expectations for a Reserve Bank of Australia rate hike. The pair is expected to sta
A European Central Bank policymaker signals caution on rate hikes, citing limited evidence of persistent inflation pressures. European Central Bank Governing Council member Gabriel Makhlouf stated he has not observed clear second-round inflation effects, though he acknowle
Gold June (GC=F) futures opened at $4,507.40 this morning, up 0.1% from Tuesday’s closing price. The price of gold as of 7:38 a.m ET this morning moved down to $4,472.90. The daily price of gold continues to wander within a narrow range each day. Investors are in a
Dycom Industries (DY) reported fiscal first quarter earnings and revenue that handily beat Wall Street targets and raised full year guidance. Dycom stock popped on the news First quarter adjusted EPS popped 85% to $4.42, while revenue increased 56% to $1.96 billion,
SoFi Technologies said its U.S. dollar-pegged stablecoin SoFiUSD is now available in the SoFi app to its 14.7 million members, allowing users to buy, sell, hold and convert the token. SoFi said this marks the first stablecoin issued by a U.S. nationally chartered bank to b
For millions of retirees, a car represents independence. It means getting to medical appointments, running errands and staying connected with family and friends. 4 Car Brands That Are Likely To Last 250K Miles — and 4 That Aren’t And while many expenses shrink in retiremen
Bitcoin's dominance rate falls to 60% Traders are preferring dollars over bitcoin, as evident from the rising dominance rates of USDT and USDC. The dominance rate for BTC has pulled back to 60% from 61.20% since May 5. At the same time, the dominance rate for Tet
XAG/USD drops 3.5% after Minneapolis Fed President Kashkari signals persistent inflation concerns over labor market weakness. Silver prices fell sharply to near $74.10, down 3.5% in European trading, as Federal Reserve officials prioritize combating inflation over labor ma
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