Shares of semiconductor design outfit Himax Technologies (NASDAQ: HIMX) took a steep 19.6% hit last week. If you're keeping score, the S&P 500 was down 19.7%, the Nasdaq Composite was down 25.9%, and Himax stock was down 54.8% so far in 2022 through July 1. Semiconductor businesses in particular are under siege right now, especially those like Himax that provide circuitry for consumer electronics.
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.
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.
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
TSS Rovers FC are replacing the inactive Victoria Highlanders in this year's Canadian Championship and will face Pacific FC of the Canadian Premier League in the preliminary round. The Highlanders secured the Canadian championship berth by winning League1 B.C. in July. But the club announced earlier this month that it will not operate a men's or women's team this season. "Despite our best efforts over the past two months we have been unable to reach an agreement with the new owners of League1 B.
The union representing Prince Edward Island public school teachers says the current lack of substitutes, particularly those who can teach in French, is causing challenges in classrooms. The P.E.I. Teachers' Federation (PEITF) says if not dealt with, the shortage could lead to the kind of dire situations happening in some other provinces, such as schools cancelling classes. "We're scared that because of the shortage in the rest of the country, it's going to be even more difficult to recruit in th
History books are full of tragic storms, but there are plenty of major global events that were silently shaped by the weather on those fateful days.
PITTSBURGH (AP) — Cam Booser thought he was done with baseball seven years ago. Turns out, baseball wasn't done with him. The left-handed pitcher walked away from the game in 2017, discouraged by a string of injuries from Tommy John surgery to a broken back sustained when he was hit by a car while riding his bike, and self-inflicted wounds like a 50-game drug suspension. He returned home to Seattle and poured himself into carpentry, working on acoustical ceilings. He was good at it, just not as
The US House of Representatives is set to vote on a foreign aid package over the weekend which will give billions of dollars in support to several regions including Ukraine, Israel, and the Indo-Pacific region. In addition, a bill forcing ByteDance's divestment from TIkTok has found its way into the package. While there is sure to be pushback from either side of the aisle, is there enough bipartisan goodwill to see the package passed? Stifel Chief Washington Policy Strategist Brian Gardner joins Market Domination Overtime to give insight into the House Foreign Aid package and the chances of it passing. On the chances of it passing, Garner claims the bill "will go to the Senate and I suspect it will ultimately pass. The TikTok issue was something that was kind of interesting because there was some apprehension about the TikTok legislation by some Senate Democrats, among others, that's apparently been addressed. So you're going to have a series of individual votes on these different bills that are going to be cobbled together, merged together, sent to the Senate, and I think it passes. " 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 Nicholas Jacobino
The Atlanta Humane Society celebrated Taylor Swift's new album, The Tortured Poets Department, with a kitten listening party (AP Video: Sharon Johnson)
CALGARY — TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a rupture that occurred earlier this week. The Calgary-based pipeline company says it made the decision to reduce pressure on the segment out of an "abundance of caution," and in consultation with the Canada Energy Regulator. The rupture that occurred on a section of the NGTL natural gas pipeline system on Tuesday sparked a wildfire nor
Friday's (April 19) episode of Gogglebox saw Jenny get confused by "dark" dramas in a hilarious clip.
A police pursuit Thursday night ended in a "traffic fatality," Stuart police said, killing a 76-year-old man.
Tesla's call on Tuesday must address issues from China to AI in order to appease restless investors, analyst Dan Ives said.
Fans will flock to see four Canadian teams duke it out this weekend as the NHL playoffs begin
EL SEGUNDO, Calif. (AP) — It would be an understatement to say that Cam Talbot's season has been a roller coaster. The Los Angeles Kings, though, are hoping their veteran netminder's game is ascending heading into the Stanley Cup playoffs. “My game is at a place where I like it, but there’s always room for improvement,” Talbot said. “Any time we get a practice day, which is often anymore, I try to take advantage of it.” Talbot signed a one-year contract with the Kings during the offseason, his f
Hamilton man due in court after being accused of strangling dog, threatening 2 women
'I've tried many, many baking soda boxes over the years … and this little gem is it!' says one fan.
'It's pretty rewarding at the end of the day:' 'National Telecommunicators Week' recognizes 911 dispatchers
Although wetlands may be... mucky.... they're invaluable when it comes to reducing flooding, filtering water, and giving animals a place to live. Pretty soon, you'll be seeing more wetlands around Baltimore. The Middle Branch Resiliency Initiative broke ground Friday on its first wetland restoration project.
The last remaining residents of the City Heights complex have moved out, leaving the 366-unit public housing community empty.
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