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Lululemon soars as holiday sales stand out

Bloomberg Lululemon Athletica Inc rose the most in more than four months after the yogawear company boosted its quarterly sales and profit forecast ahead of the ICR Conference in Orlando this week. The move follows a series of holiday sales misses last week and prompted a chorus of praise from analysts. “In what is turning out to be a more ...

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Rich Chinese still hungry for luxury goods despite slowdown

Bloomberg About half of Chinese consumers say they’re planning to spend more on luxury purchases this year in a recent survey as concerns mount that the slowing and trade war-battered economy may dent demand in the key market for premium goods. Weeks after Apple Inc said that lower-than-expected Chinese demand is hurting earnings, a new survey of 1,385 affluent consumers ...

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Eni, Oman call bottom for oil at $60

Bloomberg Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick. Prices are up more than 20 percent since hitting an almost two-year low in December. Oman Oil Minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries and partners including Russia and Oman can sustain prices at $60 ...

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