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Mayor Wilson presented FY27 budget, residents encouraged to share feedback
thesomervilletimes16d ago

Mayor Wilson presented FY27 budget, residents encouraged to share feedback

FY27 Budget Focuses on Core Services, Schools, and City Values Amid Fiscal Constraints Yesterday, Mayor Jake Wilson presented the City of Somerville’s proposed Fiscal Year 2027 budget, a $394 million spending plan built to deliver results, strengthen core services, and uphold the City’s values through action. “This budget was built for a difficult year and [...]

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AI infrastructure is multi-tiered, and HDDs are central to scaling AI, WD shares
scmp16d ago

AI infrastructure is multi-tiered, and HDDs are central to scaling AI, WD shares

[The content of this article has been produced by our advertising partner.] AI has long been caught in a paradox: AI workloads demand high performance storage, long associated with flash, but scaling at AI levels with all-flash is prohibitively expensive. Hard disk drives (HDDs), on the other hand, already store the majority of AI data cost-effectively at scale. They are the proven, cost-effective capacity foundation of the modern data centre. What has separated them is the assumption that...

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Latest Crypto Market News: Bitcoin Price Prediction Turns Bearish as MemeToro Presale Nears Stage 1 Completion
crypto_reporter16d ago

Latest Crypto Market News: Bitcoin Price Prediction Turns Bearish as MemeToro Presale Nears Stage 1 Completion

ZURICH, June 05, 2026 (GLOBE NEWSWIRE) -- MemeToro ($MT) officially completed Stage 1 of its ongoing crypto presale this week as traders continue searching for blockchain ecosystems with stronger utility during unstable market conditions. The proj... The post Latest Crypto Market News: Bitcoin Price Prediction Turns Bearish as MemeToro Presale Nears Stage 1 Completion appeared first on Crypto Reporter .

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manilatimes16d ago

Lululemon cuts forecasts amid persistent sales slump in key US market, shares drop

LULULEMON Athletica cut its annual profit forecast on Thursday and projected second-quarter earnings well below Wall Street estimates, as the athletic apparel maker’s products failed to win back shoppers in its key US market. Shares of the company dropped 11 percent in extended trading, after it said it expects second-quarter gross margin to decrease about 410 basis points, driven in part by higher tariff costs and investments. Vancouver-based Lululemon, known for its pricey leggings and athleisure wear, has joined peers in bearing the brunt of muted spending on higher-margin items amid stubborn inflation pressures. The sector-wide strain comes as the retailer also faces a leadership transition, competition from upstarts, including Alo Yoga and Vuori, and waning brand appeal in North America amid design missteps and a lack of freshness. The company is focused on boosting full-price sales. Still, slower-than-expected revenue trends “will necessitate additional seasonal clearance,” Meghan Frank, interim co-CEO and chief financial officer, said on a post-earnings call with analysts. Investors are on edge about whether Lululemon’s incoming CEO Heidi O’Neill can reignite sales once she assumes the role in September. The company ended a monthslong proxy fight with founder Chip Wilson in May, but its challenges persist. Its stock has tumbled about 40 percent this year. First-quarter revenue in the United States — its biggest market — fell 4 percent in constant dollars, compared with a 2-percent increase a year ago. Quarterly revenue in the China market, however, rose 23 percent in constant dollars. “The company has a strong brand, but an overstretched one, and we fear ongoing revenue declines in North America as the business needs to re-elevate its offering and brand story,” said Guggenheim Securities analyst Simeon Siegel. ​Product hype remains muted Lululemon’s two interim CEOs said they are focused on getting new products to shoppers more quickly, having reduced product development timelines from 18–24 months to 15–16 months. But product launches in the first quarter faile​d to generate as much excitement as the company was hoping, Frank said. Its yoga campaign, for example, “hasn’t had the expected halo effect on other areas of our assortment,” Frank said. She also pointed to “negative commentary” about the company as a headwind. Lululemon forecasts second-quarter profit per share between $1.76 and $1.81, compared with analysts’ average estimate of $2.68, according to data compiled by LSEG. The retailer expects fiscal 2026 revenue to be flat to decline 1 percent, compared with its prior forecast of a 2-percent to 4-percent increase. It also expects full-year earnings per share to be between $10.95 and $11.15​, versus $12.10 to $12.30 projected earlier.

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PLDT pursues buyout of broadband unit
philstar16d ago

PLDT pursues buyout of broadband unit

Telco giant PLDT Inc. has proceeded with the P2.94-billion buyout of a broadband unit as part of the push to expand national coverage.

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Are unit trusts dependable?
thestar_my16d ago

Are unit trusts dependable?

The Malaysian unit trust industry has never been larger. Assets under management (AUM) crossed the RM600bil mark earlier this year – an all-time high, expanding faster than Malaysia's real economy and the capital market over the past decade.

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