Beauty stocks post major losses after a week of worrying results
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 cut guidance. E.l.f. closed out its […]
Trump hits pause on blocking a trade loophole. Temu parent’s stock gains.
The U.S.-listed shares of Temu parent PDD Holdings finished higher Friday after the Trump administration pulled back on its effort to close a so-called de minimis exemption that lets shipments worth $800 or less avoid tariffs and U.S. Customs and Border Patrol scrutiny.
San Francisco 49ers president touts AI as key to scouting
San Francisco 49ers quarterback Brock Purdy, the last pick in the 2022 National Football League draft, has become synonymous with flaws in NFL player evaluation. The team’s president, Al Guido, hopes his organization can lean on artificial intelligence to improve talent assessment, both for football and for soccer. Purdy, who led the 49ers to the […]
My son’s father died, but his stepmother won’t return his calls. We don’t even know if there’s a will. What now?
“My son is hurt, to say the least, that she is acting this way.”
How the families behind Chick-fil-A, Panda Express manage their wealth
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food court stalwart Panda Express, which they founded in 1983. The Cherngs have […]
Drew Brees hints at return to broadcasting
Former New Orleans Saints quarterback Drew Brees said he’d like to join an NFL broadcast team as a game analyst, and hinted he’s already in talks with media companies for a role. Brees signed a multiyear contract with NBC Sports in 2020, but only spent a year as an NFL studio analyst before leaving the […]
China’s economic miracle is over. The future looks bleak.
Weak consumption, an aging population and an exodus of personal wealth from the country put China on a perilous path.
NCAA bars transgender women from competing in women’s sports
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY Sports The National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from competing in women’s sports, one day after President Donald Trump signed an executive order stating the federal […]
Here’s the $280 billion reason that AI-chip stocks will be just fine
Investors still worrying about chip stocks in light of fears of lower spending on AI can breathe a sigh of relief now that Amazon has joined in with three other Big Tech companies committed to massive capital spending.
Denver Broncos President Damani Leech praises NFL diversity commitment
Denver Broncos President Damani Leech praised the National Football League’s commitment to diversity amid corporate and government efforts to reduce diversity, equity and inclusion hiring practices. Leech is one of four African American presidents of NFL teams. “I think we’ve all been hired in the last three to four years,” Leech told CNBC Sport from […]
