CoverGirl’s parent company raises profit forecasts on high-priced skincare and cosmetics bets.
Coty (NYSE:COTY) Inc, the parent company of CoverGirl, raised its profit forecast for the year on Tuesday, as the cosmetics…
As Wall Street tries to shake off a sluggish start to the week, stocks rise and the Dow jumps 200 points.
On Tuesday, U.S. stocks rose a smidgeon as investors digested another round of corporate earnings and looked ahead to key…
The EU has set a March 15 deadline for a decision on Amazon’s MGM acquisition.
According to a European Commission filing on Tuesday, EU antitrust regulators will decide by March 15 whether to approve Amazon’s…
The GBP/USD currency pair remains in corrective territory ahead of key events later this week.
GBP/USD is unchanged for the session, trading in a range of 1.3520 to 1.3539 after dipping below 1.3500 in European…
The Canadian dollar is falling as the trade deficit widens.
As oil prices fell and data revealed a surprise trade deficit, the Canadian dollar weakened against its US counterpart on…
With a new CEO and job cuts, Peloton is starting over.
Peloton Interactive Inc will replace its CEO and cut about 2,800 jobs, the company announced on Tuesday, as it tries…
Following a 50 percent gain, the price of Solana has reached a critical juncture.
Over the last three trading days, the price of Solana has been under constant bullish pressure. As a result, buyers…
Volvo Cars will invest $1.1 billion in a Swedish plant to transition to electric vehicles.
Volvo Cars announced on Tuesday that it will invest 10 billion crowns ($1.1 billion) in its Gothenburg manufacturing plant over…
As market volatility rises, the ECB rate pivot boosts government bond yields.
Last week, European Central Bank President Christine Lagarde roiled government bond markets by stating that policymakers in the eurozone can…
Aluminum Rises to 4-Month Highs Amid Russia Fears.
Oil and gas prices have soared as a result of the Russia-Ukraine conflict. Metal prices are also on the rise,…
Macron’s economy have a “blemish” in 2021 due to a record French trade deficit.
Official data released on Tuesday showed that France had a record trade deficit last year as imports rose due to…
With ‘strong momentum’ in domestic markets, BNP Paribas’ earnings beat expectations.
BNP Paribas’ net profit for the fourth quarter of 2021 exceeded expectations, thanks to strong activity in domestic markets. For…
Investors are bracing for more corporate debt weakness in the United States.
Investors are bracing for more downside in the credit markets in the United States, as bets that the Federal Reserve…
Blessing is recommended by Danske Bank as the new chairman.
Danske Bank said on Tuesday that veteran German banker Martin Blessing will be recommended as its new chairman, with the…
According to a black operations analyst, an all-white team prevented him from being promoted.
Bakar Ahmedou is tenacious. Ahmedou has filed an appeal nearly three years after he stopped working full-time for JPMorgan and…
Big Tech companies are pouring billions of dollars into the metaverse, according to BlackRock, and 2022 will be a “gamechanger” for the metaverse.
With some transformative products set to launch in the coming months, BlackRock expects 2022 to be a big year for…
Vitalik Buterin recalled the imminent transition of Dogecoin to PoS and the rejection of the dog token mining
Not all of our readers understand complex terms, so let’s start with a brief educational program. Bitcoin became the first…
Tesla cut a steering component from some cars due to a chip shortage.
According to two Tesla employees and internal correspondence seen by CNBC, under pressure to meet fourth-quarter sales goals while dealing…
Treasury yields are falling, but the 10-year yield remains above 1.9 percent.
As investors digested economic data and looked ahead to the new trading week, Treasury yields were little changed on Monday,…
After the fall of the S&P, Nasdaq at the beginning of the week, stock futures declined
Early morning trading Tuesday on U.S. stock index futures was quiet, after the major averages fluctuated between gains and losses…
As the cost of living tightens, the UK housing boom begins to fade.
House prices in the United Kingdom rose at their slowest monthly rate since June last year in January, as the…
PriceRunner sues Google for 2.1 billion euros and anticipates a protracted battle.
PriceRunner, a Swedish price comparison site, announced on Monday that it was suing Alphabet-owned Google (NASDAQ:GOOGL) for about 2.1 billion…
In December, Germany’s industrial output fell.
Official data released on Monday showed that German industrial production fell in December, as supply chain bottlenecks and a drop…
The 26 percent drop in Meta Platforms indicates that Facebook’s growth phase is over.
Meta Platforms (NASDAQ:FB) isn’t a growth stock anymore. When the parent company of Facebook, Instagram, and WhatsApp released its latest…
On the back of Fed tightening, Thai stock investors are in a six-month low.
Concerns about the Federal Reserve’s tightening plans and a sluggish domestic economy have pushed investor confidence in Thailand’s stock market…
The ‘Bitcoin Family’ relocates to Portugal because of the country’s 0% cryptocurrency tax.
Didi Taihuttu, the patriarch of the so-called “Bitcoin Family,” is settling in Portugal, the ultimate crypto tax haven in Europe.…
Sullivan, Biden’s security adviser, says a Russian invasion could happen ‘any day now.’
On Sunday, White House national security advisor Jake Sullivan warned that a Russian invasion of Ukraine could be imminent. In…
Property prices in Singapore are expected to continue to rise in 2022, but at a slower rate.
Analysts and real estate agents told CNBC that property prices in Singapore have risen in the last two years and…
The euro is nearing a three-week high, but looming Fed tightening may help the dollar.
After the European Central Bank’s hawkish turn last week, the euro was near a three-week high on Monday morning, but…
Treasury yields rise following a stronger-than-expected job gain, with the 10-year yield reaching its highest level since 2019.
Investors reacted positively to a surprisingly strong January jobs report, sending Treasury yields higher on Friday. The 10-year Treasury note…
As inflation fears outweigh higher yields, gold prices rise.
Gold prices rose on Monday, as rising concerns about broadening price pressures boosted the metal’s appeal as an inflation hedge…
Fears of a supply shortage push oil prices higher, ignoring US-Iran talks.
Oil prices rose on Monday, reversing earlier losses, as investors maintained a bullish outlook based on expectations that global supply…
In mixed Asia trading, China’s Shanghai composite rises 2% after returning from the Lunar New Year holidays.
Asia-Pacific stock markets were mixed on Monday, with mainland China markets rising after the Lunar New Year holiday last week.…
Russia and China have agreed to a 30-year gas deal via a new pipeline, with payments made in euros.
Russia has agreed to a 30-year contract to supply gas to China through a new pipeline, with the new gas…
Following the appointment of a receiver, Evergrande plans to proceed with the sale of Hong Kong land.
Even after a creditor appointed a receiver, China Evergrande Group will continue to try to sell an undeveloped land plot…
The S&P 500 is down on Friday as yields rise, but the Nasdaq is up thanks to Amazon.
Stocks were slightly lower on Friday after an unexpected increase in job creation last month pushed bond yields higher and…
Scientists in the United Kingdom are attempting to repurpose existing antiviral drugs to treat COVID.
The University of Oxford announced on Friday that British researchers want to repurpose existing antiviral therapies to treat COVID-19, in…
The ECB’s Negative Interest Rates are Coming to an End This Year Is Traders’ Best Bet
Traders are increasing their bets on the European Central Bank tightening policy, with the key rate expected to reach zero…
KPMG is suing Carillion for $1.8 billion in damages.
The liquidators of Carillion have sued KPMG for 1.3 billion pounds ($1.77 billion) for missing “red flags” during audits of…
Bailey of the Bank of England believes wage growth should be moderated.
Even though many households are facing financial strains, Bank of England Governor Andrew Bailey said on Thursday that wages are…
