Jobs numbers crushed expectations in May (+172K vs 88K est), so now all eyes are on inflation. Wednesday's CPI is expected to show a 4.2% jump from last year—the highest in over three years. Core CPI (minus food & energy) is seen rising 2.9% yearly and 0.3% monthly, which could
$LULU dropped 10.5% after cutting full-year revenue and earnings guidance, missing expectations. I’ve been skeptical about them for a while—constant CEO changes over the last five years, founder Chip Wilson’s rocky relationship with the board, and tough competition from Vuori
🚨 Heads up—AI bubble might be popping soon.
Microsoft gave OpenAI $13 BILLION.
OpenAI paid it right back to Azure.
Microsoft counted it as revenue.
Amazon and Google are doing similar things with Anthropic, pumping up AI valuation gains on paper.
OpenAI burns throug