Lululemon (LULU) joins the S&P 500 (^GSPC) on Wednesday, replacing video game developer Activision Blizzard upon the approval of its acquisition by Microsoft. Yahoo Finance’s Brooke DiPalma highlights the athleisure brands timeline up until this point, outlining growth drivers and its possible expansion into Chinese consumer markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Lululemon (LULU) joins the S&P 500 (^GSPC) on Wednesday, replacing video game developer Activision Blizzard upon the approval of its acquisition by Microsoft. Yahoo Finance’s Brooke DiPalma highlights the athleisure brands timeline up until this point, outlining growth drivers and its possible expansion into Chinese consumer markets.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Reuters
President Joe Biden's administration on Wednesday announced $3.5 billion funding for projects to protect the aging U.S. power grid from extreme weather and fires and to connect transmission systems with more electricity from renewable energy sources. The funding for 58 projects across 44 states comes from the bipartisan infrastructure law Biden signed in 2021, Energy Secretary Jennifer Granholm said, and is the largest-ever direct investment in the grid.
Reuters
Facebook-owner Meta Platforms on Wednesday introduced temporary measures to limit "potentially unwelcome or unwanted comments" on posts about the conflict between Israel and Hamas. Meta said it will change the default setting for people who can comment on new and public Facebook posts created by users "in the region" to only their friends and followers, Meta said in an updated blog post. A Meta spokesperson declined to specify how the company defined the region.