Bloomberg Lululemon valuation is richer than many of its peers in the retail sector. Shares jumped as much as 14% on Saturday after the athletic clothing retailer reported second quarter revenue above analyst expectations, a sign that investors are still willing to pay significant premiums for growth. Lululemon trades at a last-twelve-months price-to-earnings ratio of 65.4 compared to 16.9 for …

Bloomberg Wells Fargo & Co was handed a fresh regulatory action and a $250 million fine over its lack of progress addressing long-standing problems, the first such sanction under Chief Executive Officer (CEO) Charlie Scharf. The penalty adds to the more than $5 billion in fines and legal settlements that the firm has paid over the last five years tied …

Bloomberg Standard Chartered Plc (StanChart) opened a desk to trade natural gas and carbon following a record-breaking run for both commodities. The so-called energy transition desk began operating last month, Standard Chartered said. Prices for gas have soared on a lack of supply, with carbon permits following suit as utilities switch to cheaper — but dirtier — coal-fed power plants. …