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  • Reuters

    UPDATE 1-Lululemon to shutter Washington distribution center, lay off 128 employees

    Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.

  • Associated Press Finance

    Here’s how Phish is using the Sphere's technology to give fans something completely different

    Phish opened its four-night stay at the Sphere Thursday with a four-hour show that used the advanced technology in the $2.3 billion arena to deliver a show that even the band's most ardent fans have never experienced before. “We came in really wanting to do a show that was a great Phish show,” said co-creative director Abigail Rosen Holmes. While Phish shows usually get their visual punch from lighting guru Chris Kuroda’s massive lighting rig, these shows are completely different as the band uses custom visuals on the 160,000-square foot 16K-by-16K LED screen.

  • Yahoo Finance Video

    Tesla, Boeing, Big Tech earnings, PCE data: What to watch

    As the week draws to a close at Yahoo Finance, anchors Julie Hyman and Madison Mills preview the key events to watch in the upcoming week. Earnings results will be in focus. Tuesday sees a number of big names reporting, such as Tesla (TSLA), PepsiCo (PEP), and General Electric (GE). On Wednesday, Boeing (BA) will unveil its first quarter earnings, an eagerly anticipated report as the company continues to navigate significant headwinds and operational challenges. There are also earnings from Big Tech companies Meta (META), Alphabet (GOOGL, GOOG), and Microsoft (MSFT). Friday energy giants Chevron (CVX) and ExxonMobil (XOM) are scheduled to release their earnings reports, providing insights into the health and dynamics of the oil market. Last, the Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation gauge, will be released on Friday. It's a crucial metric for the central bank's future monetary policy decisions. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith