• Yahoo Finance Video

    Bridgewater Co-CIO on tech selloff, Fed rate cut path

    A slide in tech stock caused the S&P 500 (^GSPC) to close lower on Friday for the sixth straight day. Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour notes that a lot of investors tend to have significant exposure not just to US stocks but some of the Big Tech names specifically. As a result, "it doesn't take a lot to basically say 'maybe I'm too concentrated,'" Karniol-Tambour says, prompting them to sell the stocks. When it comes to when the Federal Reserve will start cutting rates, Karniol-Tambour thinks that "on the margin, we're going to get a little bit less rate cuts than what's in the market, but all of that is a lot less than what was expected just a couple of months ago." She adds that the market is "catching up to the reality" that with both the economy and inflation remaining strong, rates are going to have to stay higher for longer.   Karniol-Tambour advises investors to build a resilient portfolio. How do you do that? She gives a few suggestions, including shifting asset allocations to have less exposure to stocks, picking stocks that may be more resilient to whatever the economy brings, and looking at what stocks will perform when "everything else falls." Watch the video above to hear which region Karniol-Tambour says investors may want to start taking a closer look at. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.

  • Reuters

    UPDATE 1-Lululemon to shutter Washington distribution center, lay off 128 employees

    Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.

  • Associated Press Finance

    Here’s how Phish is using the Sphere's technology to give fans something completely different

    Phish opened its four-night stay at the Sphere Thursday with a four-hour show that used the advanced technology in the $2.3 billion arena to deliver a show that even the band's most ardent fans have never experienced before. “We came in really wanting to do a show that was a great Phish show,” said co-creative director Abigail Rosen Holmes. While Phish shows usually get their visual punch from lighting guru Chris Kuroda’s massive lighting rig, these shows are completely different as the band uses custom visuals on the 160,000-square foot 16K-by-16K LED screen.