Dow Falls into Correction Territory, Lululemon Loses its CEO
Markets opened Tuesday morning by continuing their recent sell-off, with the Dow falling as much as 560 points to start the day. The index breifly fell into correction territory, down more than 10 percent from its all-time high hit just a few days ago.
Lululemon's stock was also down after news CEO Laurent Potdevin resigned over his "conduct." It's the latest issue for the company, whose founder stepped down in 2015 amid a series of controversial comments.
Plus Apple supplier Cirrus Logic shares dropped after the company said slowing smartphone demand hit results in its latest quarter. General Motors shares, though, were on the rise after the automaker said earnings and revenue were better than expected for the quarter.
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Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
Elon Musk’s artificial intelligence company is taking down antisemitic comments and other “inappropriate posts” made by its Grok chatbot, including some praising Adolf Hitler.
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
