Quickly catch up on the day’s business news

New York (CNN Business)Here’s what you might have missed Tuesday on CNN Business: — Boeing had no new orders for planes in April. Customers aren’t just avoiding the troubled 737 Max, there were no orders for the 787 Dreamliner or the 777. — The streaming wars continue. Disney is taking full control over Hulu from Comcast. — Uber shares notched their first day in positive territory since its Wall Street debut last week, closing up more than 7%. But its shares are still 11% below their IPO price. — Shares in Bayer fell 2% after a California jury found its Roundup weed killer was a cause of a couple’s cancer. — Tesla’s much-ballyhooed $35,000 Model 3 only lasted about three …

The future of Lululemon: Men’s clothes, shampoo and bags

New York (CNN Business)Lululemon pulled in $3.3 billion in sales last year. But to become bigger, Lululemon will reach beyond its strength in women’s yoga pants. Lululemon will also strike more partnerships with companies like SoulCycle, expand its bag selection, and start selling deodorants, moisturizers and shampoo under a new “Selfcare” product initiative. “We believe Lululemon has a unique opportunity to push beyond traditional expectations,” McDonald said Wednesday. The plan marks a new phase for Lululemon, which went public more than a decade ago. It weathered founder Chip Wilson’s messy departure from the company, as well as its former CEO’s resignation last year over misconduct. Looking to stay hot Lululemon (LULU) has been one of the hottest retail stocks over …

Hedge fund of investor who inspired The Big Short takes position on Barclays

Neuberger Berman bet worth 348,000 adds to positions against Lloyds and RBS The American hedge fund of the investor depicted in the Oscar-winning Hollywood film collapse of thea book by Michael Lewis, won an Academy award for best adapted screenplay. Eisman moved to New York-headquartered Neuberger Berman, which spun out of Lehman Brothers, in 2014 after reportedly helping FrontPoint, a subsidiary of Morgan Stanley, to double its assets to $1.5bn during the crash. Neuberger Bermans bet against Barclays adds to positions against Lloyds Banking Group and Royal Bank of Scotland, worth $446,000 and $529,000 respectively, which the hedge fund previously disclosed. Short-selling involves borrowing shares in a company and selling them with the expectation of buying them back at a …

Barclays funds climate breakdown. We are determined to make it stop | Seema Syeda

The bank is a huge backer of the fossil fuel industry and attendant climate catastrophe. Direct action is vital, says Momentum activist Seema Syeda From Saddleworth Moor, while where I live in Brixton, 100 companies have been responsible for over 70% of the worlds carbon emissions since 1988. The fossil fuel industry has wrecked the planet, while enacting violence and devastation across the global south. They brought about this crisis, and they should be the ones to pay for it. But fossil fuel companies arent the only ones to blame here. These companies are only able to finance their mines and oilfields with the help of banks. And believe it or not, these banks are increasing their financing for fossil …

Trump looks good for 2020, experts say, because ‘economy is so damn strong’

Wall Street economists claim low unemployment rate and rising GDP point to Trump victory, despite his poor personal polls Forget Robert Mueller and Stormy Daniels. Ignore Russia. If the election were held today, Donald Trump would win and if Americas economy remains robust he may well win again in 2020, according to Wall Street. Original Article : HERE ; This post was curated & posted using : RealSpecific

A horrific school shooting was the last straw for the CEO of Dick’s Sporting Goods

Edward Stack, the 64-year-old CEO of Dick’s Sporting Goods, is an unlikely champion for gun control. Judith McKenna: Walmart spent $16 billion to break into India. She has to make it work Mary Barra: Her impatience could save GM Read all 14 Risk Takers profiles “You know everybody talks about thoughts and prayers going out to them. That’s great. That doesn’t really do anything,” he said on CNN. “We felt we needed to take a stand and do this.” Stack expected a backlash. He was firm in his decision, despite the potential harm to sales. “As we sat and talked about it with our management team … it was, to a person, that this is what we need to do, …

How Target is trying to woo mom and dads

New York (CNN Business)Moms and dads are some of the best shoppers for retailers. Target has a plan to win them over: Focus on the kids. A combination of factors has buoyed growth. Many parents today are having children later in life and are further along in their careers. That means they have more disposable income to spend and room to trade up for flashy clothes for their little ones, according to Ayako Homma, an analyst who covers the children’s clothing market at Euromonitor International. Target has taken aggressive steps to woo parents and capitalize on an opening in the market. Former heavyweights Toys “R” Us and Babies “R” Us are gone, Gymboree has filed for bankruptcy a second time …