Lululemon Announces Better than Expected Fiscal Q1 2023 Results, LULU Shares Up 13%

For the second quarter, Lululemon Athletica expects to report net revenue of between $2.140 billion and $2.170 billion, thereby representing growth of approximately 15 percent. Lululemon Athletica Inc (NASDAQ: LULU), a Canadian multinational athletic apparel retailer, announced the results for the first quarter (Q1) of fiscal 2023 on June 1. During the first quarter, Lululemon … Read more

Bybit Announces Exit from Canada Following Recent Regulatory Development

The Bybit exit from Canada the increasingly stringent crypto regulations enacted by Canada’s securities regulator. Bybit recently announced its exit from Canada due to recent regulatory developments in the North American nation. The Dubai-based crypto exchange said it is suspending its offerings to Canadian residents and exiting the country’s market today. Bybit’s departure from Canada … Read more

Bitfinex Crypto Exchange Announces Listing of Pepe Meme Coin, PEPE Price Up 3.4% Today

Bitfinex joins a dozen of other centralized and decentralized exchanges that have supported Pepe meme coin through listings. Bitfinex, a veteran centralized cryptocurrency exchange established in 2012 with a 24-hour traded volume of about $67,175,170, has announced trading of a popular frog-themed meme coin Pepe (PEPE) will begin on May 24, 2023, at approximately 10 … Read more

Banking Giant BNY Mellon Announces Its Long-Term Committment to Digital Assets

The American banking giant will be focusing on three key initiatives – distributed ledger technology, tokenization, and digital cash. Over the last few years, traditional banking players have been showing some affinity towards crypto assets and America’s oldest bank BNY Mellon is the latest to join the bandwagon. BNY Mellon is pushing for digital innovation … Read more

Vodafone CEO Announces Record Layoff of 11,000 Workers, Shares Sink 7%

Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources. Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a statement, chief executive officer Margherita Della Valle said the company’s plan to ax a record 11,000 jobs … Read more