Lululemon Athletica Inc.’s stock LULU, -0.99% fell 1.6% in premarket trading on Monday after the company said it could fall a penny short of the FactSet consensus estimate at the low end of its fourth-quarter profit guidance. Lululemon said it now expects to earn between $4.96 and $5 a share in the fourth quarter, compared to the FactSet consensus estimate of $4.97 a share. The apparel maker had previously projected fourth-quarter earnings of $4.85 to $4.93 a share. Lululemon Athletica now expects fourth-q ...

““If drugs actually helped improve my net productivity over time, I would definitely take them!””That was businessman and inventor Elon Musk responding on his X platform, to an article by The Wall Street Journal that discussed alleged illegal drug use by the Tesla CEO. Shares of Tesla TSLA, -0.18% fell around 1% in premarket trading, against the backdrop of weaker overall markets.Citing sources, the article that published on Saturday said Musk had used cocaine, ketamine, psychedelic mushrooms and other subs ...

U.S. stock futures indicate a cautious session on Wall Street after a plunge in Boeing shares and amid uncertainty over Federal Reserve policy.On Friday, the Dow Jones Industrial Average DJIA rose 26 points, or 0.07%, to 37466, the S&P 500 SPX increased 9 points, or 0.18%, to 4697, and the Nasdaq Composite COMP gained 14 points, or 0.09%, to 14524.What’s driving markets U.S. stocks were in line for a muted open Monday, with the Dow Jones Industrial Average under particular pressure as shares in Boeing BA, + ...

Boeing shares tumbled in premarket trade Monday after a panel blew out of an Alaska Airlines 737-9 Max, leading the Federal Aviation Administration to temporarily ground 171 of those planes. Boeing shares BA, +1.66% fell 8%, having gained 19% over the last 52 weeks. ...

SpaceX rival United Launch Alliance launched its new Vulcan rocket early Monday.The rocket, which is the successor to ULA’s Delta IV and Atlas V rockets, is transporting the first commercial lunar lander on its journey to the surface of the moon, as well as a mission carrying cremated human remains into deep space.The CERT-1 flight test marks an important milestone for United Launch Alliance, which was set up in 2006 as a joint venture between Boeing Co. BA, +1.66% and Lockheed Martin Corp.  LMT, -0.30%. Si ...

Merck MRK, +0.18% is in talks to buy cancer drugmaker Harpoon Therapeutics HARP, -1.49% for about $700 million, or $23 per share, Bloomberg News reported, citing people familiar with the matter. Merck didn’t comment to Bloomberg, the report said, while Harpoon didn’t respond. Shares of Harpoon closed Friday at $10.55.  ...

Exxon Mobil late Thursday flagged it might write down the value of its California assets by as much as $2.6 billion.The oil giant XOM, -0.87%, in a Securities and Exchange Commission filing, said a writedown of between $2.4 billion and $2.6 billion in its upstream division mostly reflects idle upstream Santa Ynez Unit assets and associated facilities in California.“While the Corporation is progressing efforts to enable a restart of production, continuing challenges in the state regulatory environment have i ...

Tesla will recall 1.62 million vehicles in China, over concerns about steering software, news agencies reported Friday, citing a government statement. AFP and Reuters reported that the China State Administration for Market Regulation said both imported as well as domestically produced vehicles were part of the recall, which will be conducted electronically. Reuters reported that the software update will be to avoid misuse of the Autosteer function and cut the risk of collision. ...

Generative-AI powerhouse OpenAI is in discussions with dozens of publishers to license their content, according to a report Thursday. “We are in the middle of many negotiations and discussions with many publishers. They are active. They are very positive. They’re progressing well,” Tom Rubin, OpenAI’s chief of intellectual property and content, told Bloomberg News. “You’ve seen deals announced, and there will be more in the future.” OpenAI has agreed to a multimillion-dollar deal with Axel Springer SE, the ...

“The problems aren’t just narrative” when it comes to Verizon Communications Inc., according to Wolfe Research analyst Peter Supino. Yet he upgraded the stock to outperform from peer perform late Wednesday, writing that he and his team “really like” the risk-reward balance. Supino acknowledged that telecommunications investors have enjoyed a rough ride recently: “In 2023, just one of the Big 3 telcos earned a return on capital greater than its [average] cost of capital.” That was Verizon VZ, +0.54%, but inv ...