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

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

Business News

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 »

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

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

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

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

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 »

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI

Technology News

Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023. Courtesy: Nasdaq Instacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications. Shares were last down about 2% in premarket trading. Rogers, who joined Instacart in

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI Read More »

Joby Aviation shares pop 13% as electric air taxi maker closes 0 million Toyota investment

Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment

Finance News

Attendees view a Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force.  Bloomberg | Bloomberg | Getty Images Joby

Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment Read More »

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

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

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

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

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

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

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

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

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

Tesla shares climb as Musk pledges to be ‘super focused’ on companies ahead of Starship launch

Tesla shares climb as Musk pledges to be ‘super focused’ on companies ahead of Starship launch

Technology News

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images Tesla shares gained about 5% on Tuesday after CEO Elon Musk over the weekend

Tesla shares climb as Musk pledges to be ‘super focused’ on companies ahead of Starship launch Read More »

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

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

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