Month: February 2025
Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped in extended trading. Here are the numbers: Earnings: […]
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E.l.f. Beauty CEO says company is ‘relieved’ China tariffs are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding. The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was “relieved” the new tariff on Chinese imports is only 10%. The retailer isn’t sure yet […]
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E.l.f. stock tanks after retailer cuts guidance, citing ‘soft’ January amid TikTok ban saga and LA wildfires
Elf complexion sponges arranged in Germantown, New York, July 17, 2023. Gabby Jones | Bloomberg | Getty Images E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and “softer than expected” sales trends in January, marking a rare downturn for one of beauty’s hottest brands. The cosmetics company reported […]
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Musk’s pivot to U.S. airspace reform raises new conflict-of-interest concerns
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters Elon Musk’s involvement in the Trump administration’s airspace reform plan has quickly spurred calls to bar the Tesla and SpaceX leader from those efforts over his […]
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Amazon’s Whole Foods cites Trump’s NLRB purge as grounds for rejecting union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty Images Whole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to overturn a union victory at a Philadelphia store, pointing to […]
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Trump administration demands lists of low-performing federal workers
U.S. President Donald Trump walks on the day of the annual National Prayer Breakfast at the U.S. Capitol in Washington, U.S., February 6, 2025. Kevin Lamarque | Reuters The Trump administration on Thursday ordered all federal departments and agencies by March 7 to submit lists of employees who received less than “fully successful” job performance […]
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Former New Orleans Saints quarterback Drew Brees hints at return to broadcasting
Former New Orleans Saints quarterback Drew Brees said he’d like to join an NFL broadcast team as a game analyst, and hinted he’s already in talks with media companies for a role. Brees signed a multiyear contract with NBC Sports in 2020, but only spent a year as an NFL studio analyst before leaving the […]
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New Orleans prepares for Super Bowl 59, its biggest weekend of the year
Kansas City Chiefs and Philadelphia Eagles flags at Voodoo Chicken & Daiquiris restaurant on Bourbon Street prior to Super Bowl 59. Kirby Lee | Reuters New Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super Bowl 59, as the reigning champion Kansas City Chiefs take on the […]
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Stocks making the biggest moves midday: Roblox, Peloton, Ralph Lauren, Yum Brands and more
Check out the companies making headlines in midday trading: Altus Power — The commercial solar power provider soared as much as 28% after agreeing to a $5 per share buyout from a unit of TPG that valued Altus at $2.2 billion, including debt. The deal is expected to close in the second quarter. Ford — […]
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Alphabet’s postearnings drop could be the beginning of a downtrend, charts show
What a difference a day makes when it comes to companies reporting earnings. Earlier this week, shares of Alphabet were hitting yet another new all-time high, suggesting a renewed leadership role for this leading growth name. But after a disappointing earnings release on Tuesday, the stock gapped lower to bring the uptrend phase into question. […]
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