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E.l.f. Beauty CEO says company is ‘relieved’ China tariffs are only 10%

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 […]

E.l.f. Beauty CEO says company is ‘relieved’ China tariffs are only 10% Read More »

E.l.f. cuts guidance after ‘soft’ January, citing TikTok ban saga and LA wildfires as headwinds

E.l.f. cuts guidance after ‘soft’ January, citing TikTok ban saga and LA wildfires as headwinds

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

E.l.f. cuts guidance after ‘soft’ January, citing TikTok ban saga and LA wildfires as headwinds Read More »

New Orleans prepares for Super Bowl 59, its biggest weekend of the year

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

New Orleans prepares for Super Bowl 59, its biggest weekend of the year Read More »

Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable

Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.  Patrick T. Fallon | AFP | Getty Images Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous

Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable Read More »

Eli Lilly to release late-stage data on next-generation weight loss drug retatrutide in 2025, earlier than expected

Eli Lilly to release late-stage data on next-generation weight loss drug retatrutide in 2025, earlier than expected

The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.  Ore Huiying | Bloomberg | Getty Images Eli Lilly on Thursday said it expects to release data from a late-stage trial on its next-generation weight loss drug retatrutide later this year, a few months

Eli Lilly to release late-stage data on next-generation weight loss drug retatrutide in 2025, earlier than expected Read More »

Eli Lilly beats on earnings even as weight loss, diabetes drug sales fall short

Eli Lilly beats on earnings even as weight loss, diabetes drug sales fall short

Eli Lilly on Thursday reported mixed results for the fourth quarter, even as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soared. The company’s quarterly earnings topped Wall Street estimates, but sales fell just short as Mounjaro saw lower realized prices. Zepbound and Mounjaro have now underperformed expectations for two straight

Eli Lilly beats on earnings even as weight loss, diabetes drug sales fall short Read More »

Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales

Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales

Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco.  The bike maker posted mixed fiscal second-quarter results, as it topped Wall Street’s sales estimates but lost more

Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales Read More »

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025. Adek Berry | AFP | Getty Images China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China Read More »

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