12:44 p.m. Today12:44 p.m. Oct. 17, 2019
Ray Dalio Doesn’t See a Market Crash, Just a ‘Great Sag’
Though Ray Dalio, co-chief investment officer of Bridgewater Associates, sees similarities to the 1930s on several fronts, the founder of the biggest hedge fund on Thursday said he doesn’t see a market or economic crash, so much as a “great sag” ahead.
11:15 a.m. Today11:15 a.m. Oct. 17, 2019
Stitch Fix Shares Can Rally 67%: Fund Manager
The stock faced a temporary headwind in the form of client retention, but management appears to have fixed the issue and Stitch Fix is in a great position to grow.
4:16 a.m. Today4:16 a.m. Oct. 17, 2019
- By Tonya Garcia
Kohl's will partner with Facebook in 2020Kohl's Corp. said Thursday that it will partner with Facebook Inc. in 2020 to select and engage with brands that will be included in its recently launched platform, Curated by Kohl's, and its platform for emerging beauty and skincare brands, The Beauty Checkout. Curated by Kohl's and The Beauty Checkout both launched in October. Curated by Kohl's features a rotating lineup of brands that will change every quarter. The first group includes women's underwear brand Adore Me, stacking bracelet brand Luca + Danni, and United by Blue, a brand that sells eco-friendly bags, drinkware and reusable straws. The beauty brands included in the first quarter of The Beauty Checkout includes Cleo & Coco, a brand of natural deodorant and Lucie & Pompette face polish. Other brands introduced in stores and online recently include ED Ellen Degeneres Pet Collection, Nine West, and the Koolaburra by Ugg home collection. For the holidays, Kohl's will launch Elizabeth & James, the fashion brand from Mary-Kate and Ashley Olsen, and JW Jason Wu, a limited edition capsule collection. Both launch in November. Kohl's stock is down 28% over the last year while the S&P 500 index is up 6.4%.
11:43 p.m. Oct. 16, 2019
- By Adriano Marchese
Unilever underlying sales rise 2.9%Unilever PLC (ULVR.LN) said Thursday that in the third quarter underlying sales growth grew 2.9%, benefiting from higher volume and price.
11:44 a.m. Oct. 15, 2019
- By Rob Csernyik
Future Returns: Impact Investing in Latin AmericaWith a growing entrepreneurial class and new funds popping up, the region offers promising opportunities to invest for impact
11:15 a.m. Oct. 15, 2019
- Associated Press
How the Houston Astros used analytics to help Gerrit Cole become one of the best pitchers in baseball The Astros showed Cole a presentation in spring training 2018 that transformed himThe Astros showed Cole a presentation in spring training 2018 that transformed him.
9:51 a.m. Oct. 15, 2019
- By Philip van Doorn
Here’s one health-insurance choice that can save you money now and make you even more later Forget your preconceived notions and figure out whether a health savings account might improve your finances Forget your preconceived notions and figure out whether a health savings account might improve your financesForget your preconceived notions and figure out whether or not a health savings account might improve your finances.
8:51 a.m. Oct. 15, 2019
Johnson & Johnson Jumps On Earnings Beat
Johnson & Johnson reported earnings per share of $2.12 for the quarter, above expectations for $2.01. The world’s largest drugmaker reported sales of $20.7 billion, beating the consensus estimate of $20.1 billion.
E.L.F. Beauty stock price target raised to $21 from $19 at J.P. Morgan
2:54 a.m. Oct. 14, 2019
2:29 a.m. Oct. 14, 2019
- By Tim Mullaney
It’s up to us to separate the truth from the lies on Facebook Facebook needs to get smarter about rejecting deceptive political adsWe either trust the marketplace of ideas or we don’t. If we don’t, Putin’s work is already done.
6:02 a.m. Oct. 12, 2019
- By Catey Hill
‘It is an act of insanity to stay in the U.S.’: Why this 63-year-old teacher ditched Massachusetts to retire in the highlands of Panama You can live on about $2,000 a month, experts says, and Panama has a generous ‘pensionado program’ — but there are drawbacks You can live on about $2,000 a month, experts says, and Panama has a generous ‘pensionado program.’ But there are drawbacks.
11:12 a.m. Oct. 11, 2019
Jim Grant: The Trouble With Treasuries
Years ago, a policy of “positive nonintervention” aided Hong Kong. Could it do the same for the U.S. now?
5:47 a.m. Oct. 8, 2019
- By Tim Mullaney
Sanders, Biden and Trump are too old to be president Even without age-related decline, the presidency’s no ordinary jobBernie Sanders would be 87 years old if he served two terms as president. Joe Biden would be 86. Donald Trump is already declining at 73. We can’t be serious.
3:10 a.m. Oct. 8, 2019
- By Tomi Kilgore
Helen of Troy's stock soars toward a record after profit and sales beat, raised outlookShares of Helen of Troy Corp. surged 6.8% toward a record high in premarket trading Tuesday after the consumer household products company reported fiscal second-quarter profit and revenue that rose above expectations, and lifted its full-year guidance, led by strength in its housewares business. The company, which brands include Hydro Flask, Vicks and Braun, said net income for the quarter to Aug. 31 grew to $46.1 million, or $1.83 a share, from $44.0 million, or $1.66 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to $2.24 from $1.98, above the FactSet consensus of $1.88. Revenue increased 5.2% to $414.0 million, beating the FactSet consensus of $391.9 million, as housewares sales jumped 22% to $167.9 million, health and home sales grew 9.7% to $158.8 million and beauty sales rose 8.8% to $87.3 million. For fiscal 2020, the company raised its adjusted EPS guidance range to $8.50 to $8.75 from $8.40 to $8.65 and its revenue outlook to $1.61 billion to $1.64 billion from $1.59 billion to $1.62 billion. The stock has rallied 20% over the past three months, while the S&P 500 has gained 1.3%.
1:04 a.m. Oct. 8, 2019
- By Autotrader
2019 BMW Z4 review: the Roadster returns It’s completely new, with contemporary styling and plenty of powerThe 2-seater sports car has returned to BMW’s portfolio, and this version is the best so far.
9:12 a.m. Oct. 3, 2019
The Dow Is Up, for Now, as Investors Weigh Odds of Recession
News about the service economy has added to fear of a recession sparked by data on manufacturing that came out earlier in the week.
3:09 a.m. Oct. 2, 2019
- By Tomi Kilgore
Walgreens, Postmates team up on deliveries in New York CityWalgreens Boots Alliance Inc. said Wednesday it was collaborating with Postmates for on-demand delivery of over-the-counter medications and wellness, beauty and grocery products in New York City. Postmates will make the deliveries from 174 Walgreens and Duane Reade stores in Manhattan and Brooklyn. "In the last year, orders from convenience and drugstores have increased by 68%," said Craig Whitmer, vice president of merchant business development at Postmates. "By collaborating with Walgreens, we are able to provide our customers with even more convenience when it comes to everyday items that they need now." Postmates said Walgreens customers can pay zero delivery fees with a $9.99-per-month subscription to Postmates Unlimited. Walgreens stock, which was still inactive in premarket trading, has dropped 20.0% year to date, while the Dow Jones Industrial Average has gained 13.9%.
12:53 p.m. Sept. 30, 2019
- By Nicole Lyn Pesce
It would take 1,000 years for the average employee to earn what their CEO makes in just one, study says The Institute for Policy Studies report coincides with Bernie Sanders’s income inequality tax proposalThe Institute for Policy Studies report coincides with Bernie Sanders’s income inequality tax proposal.
8:47 a.m. Sept. 30, 2019
Buy Urban Outfitters Because It Has ‘Regained Momentum’
Wells Fargo says the apparel retailer’s turnaround will ultimately be successful.
1:16 p.m. Sept. 28, 2019
- By Leslie Albrecht
Beauty company must pay FTC $1.76M for falsely labeling products as organic and vegan — how NOT to get duped A brand sold at Nordstrom and Urban Outfitters ‘harmed consumers,’ the FTC saidA brand sold at Nordstrom and Urban Outfitters ‘harmed consumers,’ the FTC said.
3:51 a.m. Sept. 28, 2019
- By Don Mankin
5 cheap and easy places to retire that you’ve probably never thought about Livable, low-cost, attractive locations on five continents for your considerationThese livable, low-cost, attractive locations on five continents are worth considering, writes Don Mankin.
8:42 a.m. Sept. 27, 2019
The Dow Gives Up Its Gains After Trade Tensions Flare Again
Markets were hit by weak consumer confidence and reports that the White House is discussing limiting U.S. investor portfolio flows into China as part of trade negotiations between the two countries.
2:33 p.m. Sept. 26, 2019
- By Andrew Keshner
Meghan Markle should be considered a ‘working mom’ and how the Trump impeachment inquiry could stoke ‘toxic’ workplaces Thursday's Personal Finance Stories Thursday's Personal Finance StoriesThursday's Personal Finance Stories.
1:28 p.m. Sept. 26, 2019
- By Mark Hulbert
Why your thinking a recession is inevitable can bring it on U.S. economy needs consumers and companies to believe in it U.S. economy needs consumers and companies to believe in it, writes Mark Hulbert.
4:54 a.m. Sept. 26, 2019
- By Michael Brush
Your investing guide to cannabis 2.0“Intimate” THC sprays, fast-acting drinks, better dose control, nanoparticles and more.
8:30 a.m. Sept. 25, 2019
- By Brent Crane
Worldwise: Esteemed Travel Writer Paul Theroux’s Favorite ThingsA book about Friedrich Nietzsche, marksmanship, dreams of Mexico, and the late Anthony Bourdain
6:46 a.m. Sept. 23, 2019
- By Ben Hurley
The Allure of Owning an Australian IslandThe country’s stunning coastline has a range for sales
6:23 a.m. Sept. 23, 2019
- By Tonya Garcia
Lululemon initiated at overweight on growth potential in men'sLululemon Athletica Inc. was initiated at overweight by Piper Jaffray analysts, who are bullish on the company's growth potential in the men's category. Piper Jaffray has a $227 price target on Lululemon shares. "[W]e are confident men's business can more than double with current assortment breadth and segmentation," the note said. "In fiscal year 2019, men's was ~$700 million of Lululemon Athletica's sales - this compares to $9 billion of Nike's men's apparel." Piper Jaffray is also optimistic about growth overseas. In China, there are just 28 stores and profitability is on the rise in Europe. Finally, the company's loyalty program could be an "upside catalyst" and the newly-launched beauty products are doing well. Lululemon is testing a "pay-to-enroll" program that analysts say could contribute $700 million in sales and about $1 in earnings per share. Lululemon stock is up 59.2% for the year to date while the S&P 500 index has gained 19.1% for the period.
1:17 p.m. Sept. 19, 2019
- By Nicole Lyn Pesce
Here’s why kids won’t see ads for detox teas and lip injections on Instagram and Facebook anymore Users under 18 are being blocked from seeing some diet and cosmetic surgery posts.Users under 18 are being blocked from seeing some diet and cosmetic surgery posts.
3:37 a.m. Sept. 18, 2019
- By Tonya Garcia
5 things to know about J. Crew spinoff Madewell and its upcoming IPO Madewell has emerged as the ‘crown jewel’ of J. Crew Group, analyst saysMadewell, the denim specialist in the J.Crew portfolio, has filed to go public, an expected part of the parent company’s reorganization.
4:02 a.m. Sept. 17, 2019
- By Tonya Garcia
Macy's searching for a new CEO for BluemercuryMacy's Inc. says it is looking both internally and externally for a new chief executive for its beauty chain Bluemercury. Barry Beck, one of Bluemercury's founders and its chief operating officer, will leave the company on September 20 for an entrepreneurial venture, according to a Macy's statement. Co-founder Marla Beck, Bluemercury's CEO, will stay on through a transition period. Bluemercury, which was founded 20 years ago, became part of Macy's in 2015. Macy's stock has tumbled more than 50% over the last year while the S&P 500 index has gained 3.8% for the period.
11:18 a.m. Sept. 16, 2019
- By Rupert Steiner
Pollution is good for business, L’Oréal CEO says – and so are Instagram filters An exclusive interview with Jean-Paul Agon, the CEO and chairman of the parent company of Maybelline, Garnier and LancômeThe boss of L’Oréal, the world’s largest beauty company, admitted in an interview with MarketWatch that pollution is good for business. He also insisted that a trend among millennials to digitally enhance their looks on social media does not make beauty products redundant but actually boosts business.
6:21 a.m. Sept. 16, 2019
- By Nancy A. Ruhling
A Look Inside Vancouver’s Most High-End NeighborhoodsThe market is revving up again, and here’s where you may want to put down roots
5:00 a.m. Sept. 16, 2019
- By MarketWatch
Why the Saudi oil attack is a ‘big deal’ that could be a ‘game changer’ in stock markets and crude pricesAn intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after a weekend drone attack destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil.
3:52 a.m. Sept. 16, 2019
- By Tonya Garcia
Victoria’s Secret will offer fewer discounts, which will make the brand turnaround tough Analysts are cautiously optimistic about what they heard during L Brands’ analyst day eventL Brands hosted its investor day, with a focus on the effort to revitalize the Victoria’s Secret brand.
12:30 a.m. Sept. 16, 2019
L’Oréal CEO on Why the Beauty Industry Is Immune to Crisis
Jean-Paul Agon says the French cosmetics giant is a “regular machine” in terms of growth, profit, and paying dividends.
3:00 a.m. Sept. 14, 2019
Estée Lauder Stock Is Surging, and the Lauder Family Just Unloaded a Lot of Shares
The family of Chairman Emeritus Leonard A. Lauder, one of Estée Lauder’s sons, sold $392 million in shares of the upscale cosmetics firm on Sept 4.
1:30 p.m. Sept. 13, 2019
- By Brent Crane
Great Escapes: The Unspoiled, Rugged Beauty of DominicaThe Caribbean island is known less for its beaches than its geological wonder
1:00 a.m. Sept. 13, 2019
The New King of TV on His Vision for CBS and Viacom
Bob Bakish, tapped to lead the recombined CBS and Viacom, makes the case for the new stock. And he vows to avoid a dilutive M&A spree.
12:30 a.m. Sept. 13, 2019
L’Oréal Is Changing the Face of Its U.S. Business to Boost Sales
The French cosmetics giant has changed its top executive at the U.S. division. The stock remains a strong long-term bet.