Lululemon shares plunge 20% as it slashes earnings outlook, projects $240 million tariff hit

Lululemon’s shares fell 20% after a disappointing full-year outlook, primarily due to rising tariffs impacting profit margins. Although the company surpassed Q2 earnings expectations, it warned of reduced annual profits and lower revenue projections. CEO McDonald acknowledged challenges in product strategy and emphasized the need for innovative offerings to regain consumer interest.

The wealthy can’t find enough people to manage their money. Here’s why

The global family office sector is rapidly expanding, expected to grow from 8,030 offices managing $3.1 trillion to over 10,700 with $5.4 trillion by 2030. However, there’s a significant talent shortage, especially as firms prioritize trust and personal relationships over experience, complicating recruitment and retention efforts in a competitive market.

CNBC Daily Open: Trump has the last word on U.S. stocks

U.S. markets experienced volatility, fluctuating between gains and losses due to trade tensions with China and President Trump’s tariff threats. Despite some positive earnings from major banks and Federal Reserve hints at policy pauses, uncertainty remains about the impact of geopolitical events on economic stability and investor sentiment.

OpenAI’s latest deals show an aggressive pivot to control every part of its business

Sam Altman’s OpenAI shift from software to hardware reflects a new strategy prioritizing scale in AI development. Collaborating with Broadcom, OpenAI aims to create specialized chips, enhancing model efficiency. Alongside its consumer hardware ventures, this approach positions OpenAI at the forefront of AI technology and developer ecosystems, competing intensely with industry giants.

When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses

In February 2022, Justin Klish invested $400,000 in Yieldstreet’s real estate projects, lured by its promise to democratize investments. Three years later, he’s faced heavy losses, with Yieldstreet declaring major projects failures. Investors report similar experiences, raising concerns about the company’s transparency and risk disclosures as it shifts business strategies amid market challenges.

The new gold play as investors look to hedge against risk, volatility

In 2025, gold’s reputation as a safe-haven asset surged due to trade tensions and inflation, driving unprecedented demand for gold ETFs, which saw inflows of $3.2 billion in July. Investors are increasingly reallocating portfolios towards gold ETFs as convenient hedges, while both physical gold and ETF markets continue to grow amidst economic uncertainty.

Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy

Cracker Barrel Old Country Store is shifting focus to improve guest experiences following a backlash against its recent rebranding attempt. Despite a mixed earnings report, CEO Julie Masino expresses optimism for the future. The company has decided to abandon the rebrand, retain its original logo, and suspend remodels to regain customer trust.

Quantum stocks surge after JPMorgan investing push into strategic tech

JPMorgan Chase’s announcement to invest up to $10 billion in quantum computing and related sectors has spurred significant stock increases in firms like Arqit and D-Wave. CEO Jamie Dimon highlighted the need for domestic innovation. The initiative is part of a larger $1.5 trillion program aimed at strengthening America’s economic stability.