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Lululemon beats on Q1 2025 earnings, cuts outlook

Lululemon beats on Q1 2025 earnings, cuts outlook

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald...
Used vehicle prices ease from fear-buying highs

Used vehicle prices ease from fear-buying highs

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price...
Here are the companies making job cuts

Here are the companies making job cuts

Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings.Mathisworks | Digitalvision Vectors | Getty ImagesWhile Elon Musk has ended his government cost-cutting initiative that resulted in...
Brown-Forman warns of tariff uncertainty

Brown-Forman warns of tariff uncertainty

Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported...
Procter & Gamble to cut 7,000 jobs in restructuring

Procter & Gamble to cut 7,000 jobs in restructuring

Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025.Kevin Carter | Getty ImagesProcter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year...