Luxury athleisure brand Lululemon (LULU) will be joining the S&P 500 (^GSPC) starting Wednesday, October 18, replacing Activision Blizzard as Microsoft moves forward with its acquisition of the game developer. Yahoo Finance Live takes a closer look at Lululemon's stock performance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Luxury athleisure brand Lululemon (LULU) will be joining the S&P 500 (^GSPC) starting Wednesday, October 18, replacing Activision Blizzard as Microsoft moves forward with its acquisition of the game developer.
Yahoo Finance Live takes a closer look at Lululemon's stock performance.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Charles Schwab posted earnings Monday that were better than Wall Street’s recent average forecast but still down sharply from a year ago. This compares with reported earnings of $1.10 for the same period a year ago, as Schwab (ticker: SCHW) has faced challenges this year. Schwab’s bank deposits, which have been a concern for investors, fell again, to $284.4 billion from $304.4 billion for the previous quarter and from $395.7 billion for the same period a year ago.
Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are weaker than it had expected and cut revenue projections by $9 billion for the year. Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. Shares of Pfizer slipped more than 1% before the opening bell Monday and Moderna, which is heavily reliant on the competing vaccine it makes, slid nearly 5%.
General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs.