Tag: beauty

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Meta's Stock Falls, Ending 20-Day Win Streak

Meta's stock falls, ending a 20-session winning streak, due to concerns about its AI investments and the company's spending plans.

ECB's Schnabel Hints at Policy Pause as Rate Cuts Near End

ECB Policymaker Schnabel Signals Halt to Rate Cuts as Inflation Risks Rise

Supermicro Shares Extend Rally on AI Demand, Chart Analysis for Key Levels

Super Micro Computer (SMCI) shares surge 16% on strong AI demand and positive business update, breaking out from a falling wedge pattern. Investors should watch crucial overhead areas around $70 and $96, while also eyeing support levels near $50 and $38.

Tariff Impact on Canadian Oil and Diesel Prices Looms

Benchmark prices for diesel continue to rise, with the latest increase driven by anticipation of potential tariffs on Canadian oil imports. The impact of these tariffs would be most significant in the Upper Midwest (PADD2), where a significant portion of crude imports come from Canada. However, market dynamics and the lack of infrastructure to redirect oil supplies may limit the price impact in other regions. Meanwhile, the ongoing production cuts by the OPEC+ group contribute to the overall upward trend in oil prices.

Billionaire Ackman's Pershing Square to Buy 48% of Howard Hughes Holdings

Billionaire investor Bill Ackman's Pershing Square has revised its bid to purchase $900 million of Howard Hughes Holdings (HHH) shares, giving it 48% ownership and plans to turn the real estate developer into a modern-day Berkshire Hathaway.

Musk's Political Role Undermines Tesla Brand Amidst EV Industry Turmoil

Elon Musk's political involvement is damaging Tesla's brand image, leading to protests and negative consumer perception. Tesla faces challenges as EV tax credits may be cut, impacting sales and stock performance.

Tech CEOs Take Center Stage as Trump Starts Second Term with Focus on Economy

Listen to top company executives, including Mark Zuckerberg, Jeff Bezos, and Sundar Pichai, discuss the potential economic effects of Trump's second term, including its impact on tech, green energy, and insurance.

Tesla Eyes India Hiring, Showroom After Musk-Modi Meet

Tesla to Hire in India, Signaling Progress Toward Market Entry

USD's Surge Impacts Corporate Earnings: Big Tech to Consumers Brace for Foreign-Exchange Headwinds

The strong US dollar is negatively impacting corporate earnings for companies with significant overseas revenue, including tech giants and consumer brands. Amazon, McDonald's, and Coca-Cola have all issued warnings about the impact of foreign exchange headwinds, while the US Dollar Index has rallied over 7% since September.

Strong Dollar Hits Corporate Earnings

The strong US dollar has impacted corporate earnings, with companies facing foreign-exchange headwinds. Megacap tech companies, including Apple and Microsoft, have reported significant revenue from international sales, leading to earnings warnings due to dollar strength. Other companies, like McDonald's and Coca-Cola, also anticipate currency headwinds. The dollar's rally is driven by factors such as Trump's proposed policies and the Fed's recalibration of future easing.