Lululemon Slashes Annual Sales, Profit Forecasts Amid Demand, Tariff Woes Lululemon Athletica Inc., a renowned athletic apparel retailer, recently stunned investors by slashing its annual sales and profit forecasts. The move came as a response to a combination of factors, including shifting consumer demand and concerns over tariffs. Following this announcement, shares of the company […]
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance The retail industry is a battlefield where companies strive to stay ahead of the curve, but even the giants can stumble. San Francisco-based Gap Inc. is feeling the heat as tariffs take their toll and Athleta struggles to find its footing, causing a drop in […]
Trump warns US could ‘destroy China’ over magnet exports, threatens 200% tariffÂ
Trump Warns US Could ‘Destroy China’ Over Magnet Exports, Threatens 200% Tariff U.S. President Donald Trump warned on Monday that his administration could impose steep tariffs on magnet exports from China, escalating tensions between the two economic powerhouses. The threat of a 200% tariff on these crucial components highlights the growing trade war and geopolitical […]
White House launches AI Action Plan with Executive Orders on exports and regulation
White House Unveils AI Action Plan to Boost Innovation and Regulation The White House has recently unveiled a groundbreaking AI Action Plan, signaling a significant commitment to fostering innovation and regulating the rapidly expanding artificial intelligence sector. This initiative comes at a crucial time when AI technology is becoming increasingly integrated into various aspects of […]