Latest news with #BloombergIntelligence
Bloomberg
4 hours ago
- Business
- Bloomberg
Fed Thoughts with BI Rates Strategist Ira Jersey: Macro Matters
The Federal Reserve may cut faster and to a lower rate then the market is pricing, says Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on this Macro Matters edition of the FICC Focus Podcast series. Jersey flies solo on this episode discussing his takeaways from the June FOMC meeting, his view on the timing and pace of rates cuts, and what such an outcomes means for the Treasury yield curve.
Time of India
8 hours ago
- Entertainment
- Time of India
New Baba Vanga July 5 Disaster Prediction: Here's what may happen on this day
A prediction made years ago by Japanese manga artist Ryo Tatsuki , who is also dubbed as New Baba Vanga, is now affecting travel and tourism across Japan and nearby regions. Many people have responded to her prediction with caution, resulting in fewer bookings and airline cancellations. New Baba Vanga Warning Ryo Tatsuki shared a warning in her 1999 manga The Future I Saw. The manga predicted a major disaster in Japan on July 5. Tatsuki had earlier predicted the Covid-19 pandemic, among other global events. Her work states that a seabed crack between Japan and the Philippines will cause waves larger than those in the 2011 Tohoku earthquake. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Impact Tatsuki's prediction has led to widespread concern, particularly in Hong Kong. Bloomberg Intelligence reported an 83 percent drop in flight bookings from Hong Kong to Japan between late June and early July. Hong Kong Airlines suspended flights to cities like Kumamoto and Kagoshima for July and August. Cancellations are also affecting regional airlines, especially those using Boeing aircraft. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Also Read: Call of Duty: Black Ops 6 Rivals Event: How to earn rewards? See start date, time, rewards and when is next scheduled event Spring Bookings Also Fell A Hong Kong travel agency said April and May holiday bookings dropped by 50 percent compared to the previous year. Cherry blossom season and Easter holidays usually see strong demand. Greater Bay Airlines found the decline unusual. Their Japan office expected 80 percent seat occupancy but only reached 40 percent. Live Events Japanese Officials Urge Calm Japanese officials are trying to reassure the public. Miyagi Governor Yoshihiro Murai asked people not to panic. He noted that citizens are not leaving the country. He encouraged tourists to continue visiting Japan. Also Read: Netflix July 2025 Removals: Here's complete list of movies and shows Track Record of Predictions Ryo Tatsuki has made past predictions that later came true. These include the 2011 Tohoku earthquake, the deaths of Princess Diana and Freddie Mercury, and the Covid-19 outbreak. She also warns of a more dangerous virus strain in 2030. FAQs Why are people cancelling flights to Japan? Many are reacting to a prediction of a natural disaster on July 5, shared in a 1999 manga, which has caused fear and led to lower bookings. Has the Japanese government issued a warning? No official warnings have been issued. Officials are asking people to stay calm and ignore the prediction.
2 days ago
- Business
Lululemon cutting 150 corporate jobs as athleisure brand braces for tariff impact
The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement. As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future, the spokesperson said. Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth. The move comes as U.S. President Donald Trump's global tariff war ripples through supply chains and dents bottom lines. Trump's tariffs have taken particular aim at China — a key market for Lululemon — and several Middle Eastern and Asian countries that are meccas for clothing manufacturers. The cuts appear aimed at streamlining costs and improving efficiency — likely aided by productivity gains from [artificial intelligence] — amid growing consumer uncertainty, wrote Bloomberg Intelligence retail analysts Poonam Goyal and Sydney Goodman. The move may also help preserve margins as the company navigates more cautious spending among shoppers, they wrote. The analysts note this latest round of layoffs follows others made in 2024, when Lululemon closed a U.S. distribution centre, and in 2023, when it discontinued its connected fitness product, Mirror. Price increases coming The company is planning strategic price increases as it deals with U.S. tariffs, and will pass some of the costs along to its customers, it said in its first-quarter financial results earlier this month. The price increases on products are expected to be modest and will only apply to a few Lululemon products. However, they reflect the lengths the business is having to go to shield itself from Trump's trade war and the pressure it's putting on consumer spending, chief financial officer Meghan Frank told analysts on a June 5 call. The retailer lowered its profit expectations for the full year, estimating a more pronounced impact from expected tariffs. The company said diluted earnings per share are now expected to be between $14.58 US and $14.78 US for the year, down from earlier guidance for a range of $14.95 US to $15.15 US. Lululemon shares have plunged almost 29 per cent since the company reported its first-quarter earnings. CEO Calvin McDonald said at the time that while Lululemon is better positioned than most, the business is already seeing lower store traffic, particularly in the U.S. With files from the CBC's Jenna Benchetrit
CBC
2 days ago
- Business
- CBC
Lululemon cutting 150 corporate jobs as athleisure brand braces for tariff impact
Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure, the retailer said Wednesday. The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement. "As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future," the spokesperson said. "Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth." The move comes as U.S. President Donald Trump's global tariff war ripples through supply chains and dents bottom lines. Trump's tariffs have taken particular aim at China — a key market for Lululemon — and several Middle Eastern and Asian countries that are meccas for clothing manufacturers. The cuts appear "aimed at streamlining costs and improving efficiency — likely aided by productivity gains from [artificial intelligence] — amid growing consumer uncertainty," wrote Bloomberg Intelligence retail analysts Poonam Goyal and Sydney Goodman. "The move may also help preserve margins as the company navigates more cautious spending among shoppers," they wrote. The analysts note this latest round of layoffs follows others made in 2024, when Lululemon closed a U.S. distribution centre, and in 2023, when it discontinued its connected fitness product, Mirror. Price increases coming The company is planning strategic price increases as it deals with U.S. tariffs, and will pass some of the costs along to its customers, it said in its first-quarter financial results earlier this month. The price increases on products are expected to be modest and will only apply to a few Lululemon products. However, they reflect the lengths the business is having to go to shield itself from Trump's trade war and the pressure it's putting on consumer spending, chief financial officer Meghan Frank told analysts on a June 5 call. The retailer lowered its profit expectations for the full year, estimating a more pronounced impact from expected tariffs. The company said diluted earnings per share are now expected to be between $14.58 US and $14.78 US for the year, down from earlier guidance for a range of $14.95 US to $15.15 US. Lululemon shares have plunged almost 29 per cent since the company reported its first-quarter earnings.
India.com
3 days ago
- Entertainment
- India.com
New Baba Vanga Prediction: Countdown Begins! Catastrophe in next 20 days, mega disaster to hit THIS country, Tsunami likely to...
New Baba Vanga Prediction New Baba Vanga Prediction: Ryo Tatsuki, a mysterious Japanese manga artist who claims that she can see the future through her dreams, in her book The Future I Saw, drew and wrote about events that later came true. It's worth noting that many of her predictions have proven to be 100% accurate, which is why more and more people are now closely following her statements. She first gained attention when readers noted that her 1999 prediction of a 'great disaster in March 2011' aligned almost exactly with the real-world Tōhoku earthquake and tsunami that struck on March 11, 2011. What did she predict for July 5, 2025? The New Baba Vanga, in her updated book, made a strange and frightening prediction. According to her new book, a huge disaster will strike Japan on July 5, 2025. However, she did not explain what exactly will happen, but her words have now gone viral. On social media, people are sharing the date and talking about it with a mix of fear, curiosity, and worry, turning it into a trending topic. Ryo Tatsuki predicted a devastating disaster on July 5, 2025, with some interpreting it as a tsunami or earthquake triggered by an undersea split between Japan and the Philippines, the Guardian reported. Here are some of her past predictions: She had predicted the death of Princess Diana The death of singer Freddie Mercury Even a global disease in the 2020s similar to COVID-19. Because of these accurate predictions, many now believe she might be right again, and that's causing panic for some. Massive Drop in Flight Bookings: After Tatsuki's predictions, Japan has reportedly witnessed a 83 percent drop in flight bookings. Tourists from East Asia cancelled trips due to fears of the impending disaster. According to Bloomberg Intelligence, average bookings from Hong Kong are down 50 percent year-on-year, with bookings between late June and early July plummeting by as much as 83 percent. A travel agency in Hong Kong reported a 50 percent drop in bookings to Japan during the April-May spring break, with many travellers cancelling existing summer bookings or postponing trips due to the terrifying prediction. Japanese officials have urged the public to disregard Ryo Tatsuki's predictions, stating they are entirely unfounded and lack any scientific basis. 'It would be a major problem if the spread of unscientific rumours on social media affected tourism. There is no reason to worry because the Japanese are not fleeing abroad … I hope people will ignore the rumours and visit,' said Yoshihiro Murai, governor of Miyagi prefecture.
