By Anuja Bharat Mistry (Reuters) – Lululemon Athletica shares jumped about 17% in early trading on Friday as an upbeat annual forecast raised investor optimism for a robust holiday quarter and prompted Wall Street to take a more bullish view on the stock. The athleisure maker has refreshed its clothing line with trendier styles to…
By Tim Reid and Jason Lange WASHINGTON (Reuters) – Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November’s presidential election, according to new filings, underscoring the influence one of the world’s wealthiest people had on this year’s White House race. The billionaire owner of electric car maker Tesla…
By Pete Schroeder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday warned it was “crucial” that a panel charged with monitoring financial risks be able to continue its work as worries grow President-elect Donald Trump’s administration will again weaken the body. Speaking at Friday’s Financial Stability Oversight Council (FSOC) meeting, the last of…
(Reuters) – Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, Bloomberg News reported on Friday. The iPhone maker is looking to ultimately overtake Qualcomm’s technology by 2027, the report said, citing people familiar with the matter. Qualcomm, a leading designer of…
(Reuters) – Goldman Sachs is exploring options, including a potential sale, for its ETF Accelerator platform designed to help the bank’s institutional clients launch their own exchange-traded funds, a source familiar with the matter told Reuters on Friday. This platform is separate from the ETF business of Goldman Sachs’ asset management arm, the source said,…
By Siddharth Cavale NEW YORK (Reuters) -Walmart Inc, Amazon.com and fast-growing e-commerce sites Shein and PDD Holding’s Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy, which struggled. Holiday shoppers largely browsed…
