An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City. Spencer Platt | Getty Images Several beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and...
MicroStrategy unveils new name, reports accelerated bitcoin purchases in fourth quarter
Strategy, the largest corporate holder of bitcoin, said it's almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally. The company formerly known as MicroStrategy said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5...
DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its "real innovations." OpenAI's Sam Altman described it as "clearly a great model." Apple CEO Tim Cook said "innovation that drives efficiency is a good thing." And Palantir's Alex Karp said it shows the importance of "an all-country effort." The tech CEOs were all...
Levi beats earnings estimates but expects pressure this year from strong U.S. dollar
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well...