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  • Goldman to cut about 3,200 jobs this week after cost review. The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units,* indicating the broad nature of the cuts.
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  • Lululemon warns of falling fourth-quarter margins. The yoga-pants maker’s shares tumbled Monday after the company warned that its profit margins would decline in the quarter* ending Jan. 29 and set earnings targets below what Wall Street had expected from the popular brand. Lululemon said shopper visits remain strong in the fourth quarter across physical and digital channels. He didn’t explain in a press release why profit margins contracted.

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