Spot, Space, Lulu, and other items

Check out the latest market movements as several companies have been making headlines in midday trading. Lululemon saw a 2% decline following a downgrade by Wells Fargo to equal weight from overweight. The firm cited the completion of Lululemon’s prior positive catalysts and predicted more muted growth in 2024. On the other hand, shares of…

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Company plans to lay off 5% of employees

Twilio Inc. CEO Jeff Lawson announced that the software provider would be laying off approximately 5% of its workforce due to underachievement in the growth of a targeted unit by activist investors. The news caused the company’s shares to fall by about 0.5%. The company expects restructuring charges ranging from $25 to $35 million. The…

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Cathie Wood’s leading ETF has surged 30%, set to achieve its highest monthly performance ever

Innovative technology stocks have seen a remarkable comeback in November, with Cathie Wood’s flagship Ark Innovation ETF (ARKK) rallying 32% and on track to record its strongest month ever since its inception in 2014. The fund has rebounded dramatically from three consecutive months of losses, pushing 2023 gains to 48%. Driving the innovation fund higher…

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