Estee Lauder Companies Inc
These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
Trivariate Research is laying out some U.S. companies that could win big in China’s latest stimulus deal. Last week, China’s central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. The measures included cutting the amount of cash […]
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East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown
Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday, Sept. 28, 2024. Micah Green | Bloomberg | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after […]
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Stocks making the biggest moves midday: Urban Outfitters, Peloton, Advance Auto Parts and more
Check out the companies making headlines in midday trading. Crocs — Shares of the footwear company gained nearly 2% following an upgrade to buy at Williams Trading. The investment firm said Crocs’ addition of actress Sydney Sweeney as a spokesperson for its Heydude brand could reverse previously negative sales trends. Nordson — The adhesives stock […]
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Stocks making the biggest moves midday: Advanced Micro Devices, HP, Sweetgreen and more
Check out the companies making headlines in midday trading. Advanced Micro Devices — The chipmaker’s stock gained more than 2%. Advanced Micro Devices announced plans to buy server builder ZT Systems in a cash-and-stock deal totaling $4.9 billion. HP — Shares slid more than 3% after Morgan Stanley downgraded the personal computing company to equal […]
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Stocks making the biggest moves premarket: AMD, Estée Lauder, Dutch Bros., HP and more
Check out the companies making headlines in premarket trading. AMD — Shares added nearly 3% before the opening bell following news that the semiconductor company would acquire ZT Systems in a $4.9 billion deal. Estée Lauder — The cosmetics stock pulled back 4% after the the company issued a disappointing first-quarter earnings and full-year outlook, […]
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Estee Lauder’s long-time CEO Fabrizio Freda to retire
Fabrizio Freda, President and CEO of Estee Lauder. Getty Images Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025. Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO. Estee said […]
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Stock futures rise slightly after S&P 500 notches best week of the year: Live updates
Traders work on the floor at the New York Stock Exchange on Aug. 8, 2024. Brendan McDermid | Reuters Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Futures tied to the S&P 500 rose 0.2%, while futures connected to the Dow Jones Industrial Average added […]
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Stocks making the biggest moves premarket: H&R Block, Applied Materials, Microchip, JD.com and more
Check out the companies making headlines before the bell. Estee Lauder — The beauty company slipped nearly 2% after Bank of America downgraded the stock, citing headwinds in its China market. Softening U.S. demand is also weighing upon shares, the firm added. Applied Materials — The semiconductor equipment company’s shares dipped 1.8% despite posting better-than-expected […]
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The rise of OpenAI and Microsoft’s $13 billion bet on the AI startup
OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk departed in 2018. At the time, OpenAI said Musk left to avoid a conflict […]
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E.l.f. Magnificence posts initially $1 billion calendar year, but shares fall on weaker than anticipated steerage
e.l.f Elegance products. Courtesy: e.l.f Splendor E.l.f. Magnificence posted its first billion-greenback fiscal yr on Wednesday as revenue spiked by 77% but the retailer’s shares fell as it stated it expects its expansion to sluggish. The eyes, lip, face company, known for its viral promoting and prowess in winning more than younger buyers issued guidance […]
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