Tag: beauty

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Debt Pain, Not China Pain, Is Trump's Real Challenge

President Trump's new tariffs on imports will cause pain in the form of higher prices and economic uncertainty, but economists warn that they will also push up inflation and lower growth. The national debt is a more pressing economic problem that requires a combination of spending cuts and tax hikes, but Trump is instead focusing on tax cuts and tariffs.

OpenAI Scales Up in Asia with Major Deals to Expand Language and User Behavior Training

OpenAI expands in Asia with major partnerships with Kakao and SoftBank, gaining access to more Asian-language content and user behavior to train its AI models.

Estee Lauder Cuts Jobs, Posts Smaller-Than-Expected Sales Drop

Estee Lauder expands restructuring plan, cuts up to 7,000 jobs amid falling sales

Centene Earnings Top Estimates in Q4

Centene Corp. reported Q4 net income of $283 million, earnings of 80 cents per share, and revenue of $40.81 billion, topping Wall Street expectations.

Nintendo cuts Switch sales forecast 12% ahead of successor launch

Nintendo cuts Switch sales forecast ahead of successor release

China Hits Back With Tariffs as U.S. Trade War Resumes

China and the US have renewed their trade war by imposing new tariffs on each other's goods, with analysts predicting heightened uncertainty and market volatility.

Tuesday's Stock Market Preview: Futures Rise on Trade Delay; Tesla, Apple Fall

US stock futures rose as Trump delayed tariffs on Canada and Mexico. Nasdaq futures climbed 0.7%, S&P 500 futures rose 0.5%, and Dow futures inched up 0.3%. Tesla led auto stocks down with a 5.1% drop, while Palantir surged 23.9% after upbeat earnings.

Canadian Money Managers Brace for More Turbulence Amid Escalating Trade War

Canadian money managers are shifting to safer assets and bracing for more volatility in trading due to escalating trade tensions between the US and Canada.

Microsoft's Bill Gates On Quantum Computing's Timeline

Microsoft co-founder Bill Gates believes useful quantum computing could arrive sooner than expected, disagreeing with Nvidia CEO Jensen Huang's estimate of decades. Gates highlights Microsoft's advancements and acknowledges the challenges but remains optimistic about the field's potential. Despite Gates' view, quantum computing stocks have suffered due to comments from Meta founder Mark Zuckerberg and Nvidia's Huang, suggesting a more extended timeline for widespread adoption.

Nvidia Stock Falls on Trump Tariffs, Tech Selloff

Nvidia stock (NVDA) falls 5% as investors react to Trump's new tariffs and worries about AI spending, chip demand, and potential export restrictions on chips to China.