Shares of Planet Fitness (PLNT) fell sharply after the company's board ousted CEO Chris Rondeau. In a statement, the Chair of the company's board, Stephen Spinelli, Jr., writes that 'as we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership...' Rondeau will remain a member of the board. Yahoo Finance's Rachelle Akuffo breaks down the stock's reaction.
Consumer spending is weakening, causing slowing revenue growth at Aritzia, which is hitting margins and the bottom line. The post Aritzia Stock Falls Victim to the New Macro Economic Reality appeared first on The Motley Fool Canada.STORY: China has slammed the European Commission's decision to investigate its electric vehicles subsidies.Beijing called the probe a 'protectionist act', and warned it could hurt economic and trade relations.
This is distorting our market and as we do not accept this distortion from the inside in our market, we do not accept this from the outside."Von Der Leyen said Brussels would investigate, and might impose punitive tariffs.But analysts warned Beijing could retaliate and hurt European industries.China's EV makers have accelerated exports recently, in response to slowing domestic demand.
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