Aggregator

The 2008 affair led to the Earle family patriarch's divorce from Alisa Earle.

We need Silo Season 4 ASAP.

Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter

Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand.

Lululemon expects full-year revenue of between $10.35 billion and $10.50 billion, down sharply from its previous forecast of $11 billion to $11.15 billion and well below the Bloomberg Consensus estimate of $11.03 billion.

Full-year earnings are forecast at $9.48 to $9.73 per share, compared with the previous range of $10.95 to $11.15 and below the Bloomberg Consensus estimate of $10.84.

"We know there is significant work ahead for us," Lululemon's interim co-CEO, Meghan Frank, said during the company's call with analysts. "We're applying what we're learning this year to how we operate globally going forward."

The third-quarter forecast was even grimmer. Lululemon expects revenue of $2.29 billion to $2.32 billion, well below the $2.53 billion estimate. Earnings are projected at just 93 cents to 98 cents per share, versus the $2.41 analysts had expected.

The dismal forecasts overshadowed stronger-than-expected second-quarter profitability. Adjusted earnings of $2.92 per share exceeded the $1.80 estimate, while gross margin and operating margin also surpassed Bloomberg Consensus estimates. Revenue of $2.42 billion, however, missed expectations.

Shares crashed in premarket trading, falling about 19.3%. As of Thursday, shares were down 41.4% year to date.

Lorraine Hutchinson, a managing director and senior retail analyst at BofA Securities, wrote in a note on Friday morning that the athletic-apparel retailer's guidance downgrade failed to convince her team that the stock had found a bottom, given that North American sales continue to weaken and an unexpected reversal in China is pushing any potential recovery further into the future.

Here's what Hutchinson told clients:

Guidance reset again; no line of sight to inflection

LULU's 2Q miss in China and lack of progress in North America push the recovery timeline further out. Management laid out a detailed product and marketing plan to try to stabilize the business, but is not embedding any resultant improvement into the outlook. However, incoming CEO Heidi O'Neill joins next week, so we may hear a change in strategy on next quarter's earnings call. We think the depressed multiple balances the reset with the challenges ahead and retain our Neutral rating. LULU reduced its guidance by 15% to $9.48-9.73 (incl 86c of tariff refunds). We are cutting our F26/F27E EPS by 13%/31% and our PO to $122 from $140, still based on 12x P/E, now on F28 as we roll our valuation year forward.

China: from growth engine to the source of the miss

China Mainland grew 4% (-2% ccy) and comps declined 8%, well below mid-to-high-teens sales guidance. The shortfall was due to weak traffic driven by pressure following social media commentary after the Great Wall marketing event. E-com was further hurt by a softer 618 event on Tmall. China sales were pressured in May, improved in June, then pressure resumed in July. To rebuild brand heat, management is focusing on brand-led marketing and activations in Tier-1 cities to try to shift the narrative. We model continued comp declines for the remainder of the year and into 1H27.

US comps: leggings decline/away-from-body green shoots

North America revenue fell 8% with comps down 12%. Leggings sales declined 20% in Q2 and women's bottoms were down MSD. Customers are shifting to away-from-body silhouettes and LULU is chasing 20% more volume than last year. Accessories also fell 13%, with strength in backpacks offset by softness in bags.

Margins get worse before they get better

Guidance implies that US trends worsen in 3Q, as 2Q sales benefited from more markdowns and categories like leggings continue to underperform. With a new CEO starting next week, it's difficult to have visibility on strategy, but we were surprised to hear that store openings and marketing will continue as planned. This is causing 1050bp of margin decline in 3Q. 4Q margin guidance calls for only ~240bp of pressure as LULU laps the bulk of its tariff pressure and continues to work on controlling SG&A. LULU also has $105mn ($0.65) of tariff refunds outstanding that it has not included in guidance.

Here's what other desks on Wall Street are saying, courtesy of Bloomberg:

Guggenheim (Neutral)

• Analyst Simeon Siegel says he fears that the reduced top-line guidance does not incorporate a deep enough cut looking further out.
• The trim in the forecast "is another along a stretch of a 'thousand cuts,' rather than a 'kitchen sink' approach."

Jefferies (Hold, PT cut to $105 from $115)

• Analyst Randal Konik says Lululemon's 2Q was "a triple whammy": US revenue was down, the women's business was down, with leggings falling 20%, and China was also lower.
• "Guidance cuts for both 3Q and the year confirm the fixed cost base is too big for a shrinking top line."

CFRA (Buy, PT $169)

• Analyst Zachary Warring says the Americas comparable-sales decline of 12% marks a meaningful acceleration from the 5% decline reported in the year-ago period, indicating "deepening market share losses in the company's largest and most profitable region."
• "Heidi O'Neill joins as CEO on September 8, 2026, and the company's ability to stabilize the Americas business and restore full-price selling discipline will be the central focus for investors in the quarters ahead."

Bloomberg Intelligence

• "Lululemon's challenges are far from over after weaker 2Q results prompted another cut to its 2026 outlook, with pressure set to intensify in 2H," writes Poonam Goyal.
• Goyal says the new CEO will need to restore product innovation and brand momentum, which should take several months to show tangible progress.

Jay Sole, managing director and senior retail analyst at UBS, told clients earlier today that he continues to see "a balanced upside/downside skew, even at a lower price."

Tyler Durden Fri, 09/04/2026 - 07:20

The decision marks a notable victory for Democrats, who are trying to counter a Republican redistricting movement advanced by President Donald Trump.

Controversial former Kentucky Gov. Matt Bevin was arrested for contempt of court Thursday and ordered to be held in jail for 60 days stemming from an arrest warrant issued in June.

Consumer-focused stocks are getting crushed, signaling weaker economic trends in middle America – and warning signs about President Trump’s working-class base.

The "Earle Meets World" star finally broke her silence on her feud with the "Call Her Daddy" host.

The "Earle Meets World" star finally broke her silence on her feud with the "Call Her Daddy" host.

From Honey Deuce to Honey, Don't.

One wellness mecca is blurring the line between going out and working out with the launch of an exclusive social club that offers rooftop parties post-workout.

The Rising Cost Of Electricity In The United States

Across the U.S., Americans are paying roughly 30% more for electricity than in 2020.

This graphic, via Visual Capitalist's Cody Good in partnership with the National Public Utilities Council, uses data from the U.S. Energy Information Administration to show the change in average retail electricity prices by state across all sectors from 2020 to 2025.

Where Electricity Prices Rose the Most

Washington, DC saw the largest increase in the country, with average retail electricity prices rising 72% between 2020 and 2025. Maine followed closely at 67%, while Maryland and California rose 52% and 50%, respectively.

State Abbreviation State Change in Electricity Price, All Sectors 2020-2025 (%) DC Washington, D.C. 72 ME Maine 67 MD Maryland 52 CA California 50 RI Rhode Island 47 PA Pennsylvania 46 NY New York 45 MA Massachusetts 44 IL Illinois 43 CT Connecticut 39 DE Delaware 38 NJ New Jersey 35 NH New Hampshire 31 FL Florida 30 HI Hawaii 28 LA Louisiana 27 AL Alabama 26 MS Mississippi 26 NV Nevada 26 AR Arkansas 25 VA Virginia 25 WV West Virginia 25 IN Indiana 24 MI Michigan 24 AZ Arizona 23 WA Washington 23 OH Ohio 22 TN Tennessee 22 VT Vermont 22 CO Colorado 21 UT Utah 21 WI Wisconsin 21 ID Idaho 19 MO Missouri 19 MN Minnesota 18 NC North Carolina 18 OR Oregon 17 OK Oklahoma 16 KS Kentucky 15 AK Alaska 14 GA Georgia 14 TX Texas 14 MT Montana 13 SD South Dakota 13 IA Iowa 11 KS Kansas 9 NM New Mexico 9 SC South Carolina 7 NE Nebraska -1 WY Wyoming -1 ND North Dakota -18

Source: U.S. Energy Information Administration

Data shows percent growth in average retail electricity prices across all sectors from 2020 to 2025.

Many of the largest increases were concentrated in coastal and Northeastern markets, where retail electricity prices have climbed sharply since 2020.

The U.S. Interior Tells a Different Story

While most states saw higher electricity prices, a few moved in the opposite direction. North Dakota had the largest decrease, with average retail electricity prices falling 18% from 2020 to 2025.

Nebraska and Wyoming also posted slight declines, each falling 1%.

This contrast shows how electricity costs can vary widely across the country depending on regional generation mixes, fuel costs, grid needs, regulations, and local market conditions.

The Bigger Impact of Rising Electricity Costs

Electricity prices rose across most of the U.S. from 2020 to 2025, but the increases were uneven. This matters because electricity is a core cost for households, businesses, and local economies.

As demand grows from data centers, electrification, and grid upgrades, affordability will remain a key challenge across the U.S.

For questions about the rising cost of electricity, contact the National Public Utilities Council.

Tyler Durden Fri, 09/04/2026 - 06:55

The entrepreneur and real estate developer combines systems, technology, and cross-industry expertise to build companies designed for sustainable growth.

First base will likely remain the Mets’ biggest position of intrigue heading into the offseason.

Cost segregation is technical, unglamorous, and easy to misunderstand.

Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns

Submitted by Tsvetana Paraskova of OilPrice.com,

Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the end of the year, due to this week’s re-escalation of hostilities.

“Given the current situation, it’s difficult to see operations resuming in any form by the end of the year,” Mitsui OSK Lines’ chief executive Jotaro Tamura told Bloomberg in an interview published on Thursday.

In a quarterly financial report last month, Mitsui OSK assumed that “navigation around the Strait of Hormuz will gradually resume from October 2026 and be normalized in January 2027.”

However, the recent flare-up of hostilities, with the first strikes the U.S. and Iran exchanged in more than a month, has led to deterioration of the situation.

“The situation continues to be well beyond the level of risk we can accept,” the executive told Bloomberg.

Mitsui OSK does not currently plan to return to shipping oil through the Strait of Hormuz, due to the elevated risks, the executive told Bloomberg. The situation needs to de-escalate, and the tanker giant needs to see guarantees and evidence of sustainably safe passage through the chokepoint to consider returning to the route, Tamura added.

Since the re-escalation early this week, traffic at the Strait of Hormuz has slumped to a handful of observable transits per day, although dark crossings have helped sneak more volumes out of the Persian Gulf in recent weeks.

The latest flare-up, however, could discourage some shippers again. As a result, the market grows concerned that the re-escalation is putting at risk the estimated tentative recovery of oil flows from the Middle East in the past weeks.

Resource-poor Japan, for its part, is preparing an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away from the Strait of Hormuz.

Tyler Durden Fri, 09/04/2026 - 06:30

Kaupo Rosin, the director general of the Estonian Foreign Intelligence Service (EFIS), said last week that Putin's hold on power was at its most delicate it has ever been.

The employee recognized every face on the screen. The meeting was built to turn that recognition into proof.

The long-hyped prospect has impressed the Yankees by continuing to adjust and improve with each passing game.

Trenton Garner fired one shot at the 1-year-old donkey after a K-9 handler's Taser failed.

Rogan To Lindsey Clancy Fans: Look At The Crime Scene

Authored by Steve Watson via Modernity News,

Joe Rogan has had enough of the women lining up outside a Massachusetts courthouse in pink to cheer a mother who strangled her three children to death.

Sitting with comedian Brian Simpson, he refused to accept the "Free Lindsay" spectacle as a mental-health awareness campaign.

He treated it as a grotesque inversion of basic human instinct: hundreds of adults, overwhelmingly women, performing solidarity with a child murderer.

Joe Rogan condemns the "Free Lindsay" crowd:

"If those ladies could see the crime scene and see those dead kids with their vacant eyes staring up because their mother took their life, the last thing that they saw was their mother standing over them, choking them to death, I... pic.twitter.com/aZH1w1V1qK

— jay plemons (@jayplemons) September 1, 2026

"If those ladies could see the crime scene and see those dead kids with their vacant eyes staring up because their mother took their life, the last thing that they saw was their mother standing over them, choking them to death, I don't think they would feel so bad," he said.

"People are out of their mind. People are showing up in support of a woman who killed her children. I don't care how rough it was. The ability to kill your children is crazy," Rogan further urged.

"Anyone who has kids knows how much you love them, what you would do to save them, what you do to protect them from harm," he added.

New: Joe Rogan reacts to the Lindsay Clancy trial with black comedian Brian Simpson and says Society "ALWAYS" Finds Sympathy for Women that Men Would Never Get, Even When a Mother Kills Her Own Children:

"If She Gets Free, Her Supporters Should Have to LET HER BABYSIT."

ROGAN:... pic.twitter.com/TKJpxw1mJT

— Fan Commentary: Joe Rogan Recaps (@JoeRoganRecaps) September 1, 2026

Rogan suggested to imagine if a single father had done the same thing. "He wouldn't get this same sympathy." And if Lindsay Clancy is found not criminally responsible and walks, "her supporters should have to let her babysit."

Simpson was cruder still. She went three-for-three on the strangulations, he said, then chose a sloppy method when it came time to kill herself. "Why not strangle yourself? You are definitely good at that."

That is the conversation the country is now having while a jury of nine women and three men sits in Plymouth, unable so far to agree whether Clancy was a murderer or a woman so far gone mentally that she cannot be held responsible.

Clancy does not deny the killings. The trial is about why. The defense, led by Kevin Reddington, says postpartum psychosis, command hallucinations, and a blizzard of medications left her unable to understand the wrongfulness of what she was doing. Prosecutors say she cleared the house on purpose, acted with precision, and later built a psychosis story around a planned crime.

That is the legal fight. Outside the building it became something else: a fandom.

Hundreds of supporters, almost all women, have gathered outside Plymouth Superior Court in pink. Shirts and signs read "She Needed Help," "Peace For Lindsay," and "Believe." Organizer Renee Kimball, who has no personal connection to the family, told reporters the point was to stand "in peace" for a woman she said any of them could have been.

"Any one of us who have dealt with mental health, anxiety, depression, postpartum - I think we just know that any one of us could be sitting in her chair," Kimball said.

April Vincent, a paralegal from Rhode Island, framed it as systemic neglect: "Women are being dismissed, neglected and ignored when we speak up."

That language has been the constant. Not "she killed three children." She needed help. The system failed her. I could have been her.

A USA Today columnist who had raised four children under six wrote that she was "perplexed." Millions of women endure exhaustion, pain, and the grind of early motherhood without wrapping exercise bands around a toddler's neck.

The online version of the fandom went further than the courthouse: "I could have been Lindsay Clancy," Substack essays, "Same, Lindsay" videos filmed with living children in frame, GoFundMe money flowing to the parents of the woman who killed their grandchildren.

Bill Maher, no one's idea of a MAGA culture warrior, looked at the same footage and asked the question the pink shirts refuse to.

"What I don't get is why does she have fans?" he said on his August 28 show.

"There are so many women now who are, like, outside the courthouse. It's a little like Luigi. I understand the frustration. Don't understand why the fans."

He compared the courthouse crowds to the women who treat Luigi Mangione as a folk hero. Frustration with systems is one thing. Building a fan club around a person who ended three young lives is another.

Then he widened the lens: not many women kill their children, "but a lot of them are not afraid to say, 'I don't like being a mom.'" The Clancy trial became a permission structure for a broader, fashionable disgust with the job of mothering itself.

Rogan and Simpson arrived at the same observation from the other direction. Society always finds a softer story when the defendant is a woman. A father who strangled three children would be a monster without question. There would be no silent pink line and no Etsy "Team Lindsay" shirts.

As of Wednesday, the jury was back for a fifth day of deliberations. On Tuesday they sent Judge William Sullivan a note: after many hours they could not reach a unanimous decision. He sent them back, citing the length of the trial, more than 80 witnesses, and more than 300 exhibits.

The panel of nine women and three men has now spent the better part of four days and more than 20 hours on a case that admits the acts and argues only about criminal responsibility.

Options include first-degree murder, a lesser homicide verdict, or a finding that she lacked criminal responsibility. An NCR finding would not automatically mean she goes home. A judge can still commit her to a psychiatric facility if she is found dangerous.

Defense attorney Reddington has called the prosecution "a mess." Prosecutors have argued this was not a woman in the throes of psychosis so complete she could not form intent: she got her husband out of the house, she completed the killings, she chose a method that worked on the children and then a method that failed on herself.

That last detail is what Simpson needled and what Rogan would not romanticize. Whatever was happening in her mind, three children are dead and a crowd showed up to make her the protagonist.

None of that requires a street festival for the person who carried out the killings.

The "I could have been her" line is the tell. It converts a specific, horrific crime into a generic female grievance. Once that conversion is made, the children become props in a story about neglected women. The father becomes a suspect in the comment section. The exercise bands become a footnote.

A society that cannot say, without a thousand caveats, that strangling your five-year-old, your three-year-old, and your baby is an evil act has lost the plot. The jury may yet hang. The women in pink already have.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Fri, 09/04/2026 - 06:11