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 ImagesSeveral beauty stocks posted major losses this week, as companies like E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance.E.l.f. closed...
Freshsplash | E+ | Getty ImagesDespite the Federal Reserve's recent cuts, credit card interest rates have been hovering near record highs. A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may not be a win for consumers.Senators Bernie Sanders, I-Vt., and Josh...
These are the stocks posting the largest moves in midday trading.
Jobseekers talk to recruiters during the New York Public Library's annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024.Yuki Iwamura | Bloomberg | Getty ImagesUnemployment among Black men surged in January as the number...
People shop at a Whole Foods store on Feb. 3, 2025 in New York City.Michael M. Santiago | Getty ImagesConsumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday.The University of Michigan consumer...
Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the economic data continues to move in the same direction.In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed's 2% target,...
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares jumped 16% Friday after the buy now, pay later company topped...
Health care was a bright spot once again for the U.S. economy in January, even as overall job growth showed signs of slowing.Data on job growth in different area of the economy from the Bureau of Labor Statistics showed health care and social assistance as the leading category, adding...
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 20% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year...
A hiring sign is displayed in the window of a Chipotle on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty ImagesJob creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls rose by a seasonally adjusted 143,000 for the month, down from...