Lululemon Athletica Inc.’s turnaround won’t be a quick or easy fix as the athletic wear company cedes market share to rivals and suffers deepening sales declines, according to BMO Capital Markets, which initiated coverage of the stock this week with an underperform...

Greg Jensen, the co-chief investment officer of one of the world’s largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg’s Odd Lots podcast. “Unfortunately, this is what it was like in...

Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back. The backdrop shifted further on Thursday. Brent spiked above $105, US producer...

French luxury goods tycoon Bernard Arnault fell out of the top 10 list of the world’s biggest fortunes, leaving an all-American roster of mostly tech billionaires to dominate the rankings. Arnault’s net worth fell to $143 billion on Thursday, according to...

Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner Clearlake Capital, according to people familiar with the matter. Talks have advanced in recent weeks, with Walter and Boehly poised to turn a...

The yield gap between Chinese and US 10-year sovereign bonds widened to the most on record, underscoring the policy divergence between the two nations while heightening the risk of outflows from the mainland. The benchmark 10-year US Treasury yield climbed to 4.85% on...