Tag: Cautiously

Stock futures trade cautiously ahead of final session of the week

U.S. equity futures are trading cautiously as a rollercoaster week comes to an end.

The major futures indexes are indicating a mixed trade.

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Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam.

House Democrats said they are paring back their proposal for a new stimulus package in an attempt to jump-start negotiations with the Trump administration.

Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell have said the government’s top priority should be to provide affordable loans to small businesses and further support for millions of Americans still unemployed.

SENATE ADVANCES STOPGAP FUNDING BILL TO AVOID GOVERNMENT SHUTDOWN

Paralyzing partisanship has prevented a congressional renewal of aid,

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Lululemon CEO ‘Cautiously Optimistic’ as Online Sales Boom

(Bloomberg) — Lululemon Athletica Inc. reported a surge in its e-commerce business as quarantined consumers flocked to comfy apparel like yoga pants. Chief Executive Officer Calvin McDonald said he is “cautiously optimistic” about the second half of the year.



a group of people standing in a room: Sports apparel is displayed for sale at a Lululemon Athletica Inc. store in the Lincoln Park neighborhood of Chicago.


© Photographer: Taylor Glascock/Bloomberg
Sports apparel is displayed for sale at a Lululemon Athletica Inc. store in the Lincoln Park neighborhood of Chicago.


In an echo of retailers including Gap Inc. and Nike Inc., Lululemon’s comparable online sales excluding currency impacts rose 157% in the second quarter, the Vancouver-based company said Tuesday. The company has bolstered its online offerings with free online workouts and one-on-one video chats with sales associates.

Key Insights

The company still isn’t offering a formal forecast for 2020, given ongoing pandemic-related uncertainty and consumer upheaval. McDonald said the company is “pleased with our overall business results” in the period ended Aug. 2, while citing an “uncertain environment.”After

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