Cnbc - 19/04/2024 19:42

Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint

Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.

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Cnbc - World

'Basel III' bank rules could pose unexpected threat to Biden's green energy plans...

02/05/2024

Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles. Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation. [Read more]

Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones...

02/05/2024

Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips. [Read more]

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF ...

02/05/2024

The new platform will be called BlackRock Riyadh Investment Management, or BRIM. [Read more]

Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico...

02/05/2024

Google is laying off more employees and hiring for their roles outside of the U.S. [Read more]

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Cnbc - Finance

Bally Sports regional networks go dark for Comcast cable customers...

02/05/2024

Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season. [Read more]

CVS shares plummet as health company slashes profit outlook on higher medical costs...

02/05/2024

CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid. [Read more]

Carvana shares spike 30% as used car retailer posts record first quarter...

02/05/2024

Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer. [Read more]

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's...

02/05/2024

Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter. [Read more]

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