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Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers
Bloomberg21d agobearishVIDEO
Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers

On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk's effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards. - Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain's shares.

Workers reeling after VW cuts open door to factory closures
AFP21d agobearish
Workers reeling after VW cuts open door to factory closures

The day after Volkswagen management, shareholders and unions agreed to cut a total 100,000 jobs over the coming years, automotive workers told AFP Friday they were feeling a mix of fury and disappointment.Management and unions agreed Thursday only to seek "alternative uses" for the plants.

Lululemon shares tumble on weak China, North America sales
Proactive21d agobearish
Lululemon shares tumble on weak China, North America sales

Lululemon Athletica Inc (NASDAQ:LULU) shares fell 17% in early Friday trading after the athletic apparel retailer reported weaker comparable sales and cut its full-year guidance. Second-quarter revenue was $2.4 billion, down 4% year-over-year and below the $2.46 billion estimate, with...

Strong Jobs Report Fans Bond Market Selloff. Here's Why.
Barrons.com21d agobearish
Strong Jobs Report Fans Bond Market Selloff. Here's Why.

The surprise on payrolls will “fan the flames of the global bond market sell-off that's been underway in recent months,” wrote Robin J. Brooks, a senior fellow at the Brookings Institution on X. Inflation data for August, out next Friday, will be a bigger factor for interest rates. If inflation shows progress in cooling, the Fed could keep interest rates steady.

Investing.com21d agobearish
Gold miners and bitcoin stocks fall on strong jobs data

Investing.com -- Gold mining and crypto-linked equities skidded Friday as a blowout U.S. jobs report dampened expectations for monetary easing, lifting implied odds of a Fed rate hike next week to 60% from 52%. The Labor Department reported nonfarm payrolls surged by 162,000 last month, dwarfing the consensus forecast of 55,000. While the resilient labor market signals economic strength, Fed funds futures swiftly repriced policy expectations. Traders now see a 60% probability of a rate hike at n

Stock Futures Drop on Strong Jobs Report
Barrons.com21d agobearish
Stock Futures Drop on Strong Jobs Report

Stocks pulled back after the August jobs report came in strong. Dow Jones Industrial Average futures fell 0.2%, or 129 points, while S&P 500 futures slipped 0.2%. Tech stocks held onto modest gains with Nasdaq 100 futures up 0.