🇺🇸 Drama Trump – Elon makes more important news overshadowed

While the American media today is buzzing with the "war of words" between President Trump and Elon Musk, many other major events, such as the meeting between Trump and Chairman Xi Jinping, are being drowned in silence.

In terms of the economy, Lululemon just announced first-quarter profits that exceeded expectations but lowered its full-year profit forecast due to an unstable economic environment. CEO Calvin McDonald candidly said he is not satisfied with growth in the U.S. market, and consumers are shopping very cautiously. Lululemon's stock dropped by up to 23% in after-hours trading.

Many large corporations have also simultaneously reduced their workforce to tighten costs:

– Procter & Gamble (the maker of Pampers diapers and Tide laundry detergent): laid off 7,000 employees, equivalent to 15% of office staff

– Microsoft: cut 6,000 employees, about 3% of the global workforce

– Citigroup: laid off 3,500 staff in China, part of a plan to reduce a total of 20,000 globally

– Walmart: according to Reuters, preparing to cut 1,500 positions to streamline operations

– Klarna: the Swedish "buy now, pay later" company announced a 10% reduction in global staff

– CrowdStrike: this cybersecurity company will cut 500 people, mainly due to the rapid development of AI

– Disney: just confirmed it will cut hundreds of employees globally this week

– Chegg: the online education company announced it is laying off 248 people, equivalent to 22% of its workforce, due to ChatGPT and AI tools replacing traditional teaching roles