Business Trends
Lululemon is restructuring its leadership team as declining sales, rising competition and weaker margins intensify pressure on its turnaround. New executives will oversee product innovation and operations as the company works to reconnect with shoppers.
Innovation & Tech
Microsoft unveiled its Nvidia-powered Surface Laptop Ultra, bringing demanding AI workloads directly to Windows PCs. The launch expands the Microsoft-Nvidia partnership from cloud infrastructure into a new generation of local AI computing.
Business Trends
Mattel faces renewed shareholder pressure to explore a sale, merger or asset divestitures after Ariel Investments called for a strategic review. The move follows reported takeover interest and another investor campaign seeking change.
Earnings
Constellation Brands topped quarterly expectations as beer shipments and wine and spirits sales grew. But softer demand for Modelo and Corona kept attention on whether improving trends can extend beyond distributor restocking.
Macro
Oil prices climbed as attacks around the Strait of Hormuz and a Gulf storm renewed supply concerns. The move is feeding into fuel prices and bond yields, adding another layer of pressure to the global economic outlook.
Innovation & Tech
SpaceX is seeking $40 billion in financing to fund a major Nvidia chip purchase, deepening its AI infrastructure push as investors also weigh Starship progress and the company's growing capital requirements.
Marvell surged on stronger AI demand, C.H. Robinson fell on acquisition concerns, and Brazil rallied after an election surprise.
Earnings
Apogee Enterprises raised its fiscal 2027 outlook after quarterly results exceeded expectations. Pricing, productivity, acquisitions and improving execution helped offset lower volumes and uneven demand, sending APOG sharply higher.
Innovation & Tech
Marvell raised its revenue outlook as demand for AI connectivity, switching and custom silicon accelerates. MRVL surged while Broadcom also advanced, highlighting continued spending across custom AI chips and data-center networking.
Business Trends
Warner Bros. Discovery has completed its acquisition by Paramount Skydance, ending WBD trading and creating the newly named Skydance. WBD shareholders received about $31 per share in cash as the combined company begins trading under SKYD.
Business Trends
Disney is licensing selected movies and television series to Netflix, adding recognizable titles to Netflix’s library while keeping major Disney brands largely exclusive to its own platforms. The agreement comes as both companies navigate a competitive streaming market.
Business Trends
The FAA determined that a Boeing 737 MAX software glitch does not pose a flight-safety risk, removing a potential obstacle for the MAX 10. The decision comes as Boeing adds major defense contracts, but BA shares showed a muted investor reaction.