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E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company […]

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal Read More »

The U.S. now has a third of the world’s millionaires and billionaires

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint

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Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

Business News

2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before

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Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Business News

Shares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million. The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40.

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs Read More »

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Business News

A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings

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Macy’s cuts profit outlook as tariffs, promotions hit its business

Business News

Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however. For fiscal 2025, Macy’s

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Movie theater stocks soar after record-breaking Memorial Day box office

Business News

Still from Disney’s newest live-action remake “Lilo & Stitch.” Disney Shares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office. AMC saw its stock jump more than 20%, while shares of Marcus Theatres’ parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%. The tandem

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Southwest Airlines will start charging for a checked bag tomorrow

Southwest Airlines will start charging $35 for a checked bag tomorrow

Business News

Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Set your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check bags for the first time in more than half a century. Starting

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JPMorgan Chase is heading upmarket to woo America’s millionaires

Business News

A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an

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How the tycoons behind Kind Bars, Hot Pockets and other snacks diversify their fortunes

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Billionaire Daniel Lubetzky built his fortune on Kind snack bars made with nuts, fruits and whole grains. He sold a controlling

How the tycoons behind Kind Bars, Hot Pockets and other snacks diversify their fortunes Read More »

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

The U.S. now has a third of the world’s millionaires and billionaires

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Macy’s cuts profit outlook as tariffs, promotions hit its business

Movie theater stocks soar after record-breaking Memorial Day box office

Southwest Airlines will start charging $35 for a checked bag tomorrow

JPMorgan Chase is heading upmarket to woo America’s millionaires

How the tycoons behind Kind Bars, Hot Pockets and other snacks diversify their fortunes

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