Editorial companion

What stands out

Lululemon cut its full-year outlook again and the stock plunged, a concrete reminder that premium-branded apparel can flip from growth darling to problem child when consumer footing shifts; incoming CEO Heidi O’Neill now inherits a tougher reset. Adobe announced Anil Chakravarthy as CEO and shares fell amid renewed AI disruption worries, a moment that crystallizes investor fear about incumbents facing fast-moving upstarts. Bloomberg captured both moves against a macro drumbeat about the Fed and inflation, which only makes investors more impatient with missed targets and management changes.