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Estée Lauder is deepening its restructuring plan, delivering a difficult update to thousands of workers even as the beauty giant reports stronger sales and raises its annual outlook. The parent company of well-known, well-loved brands like Clinique, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, and others is pushing ahead with a sweeping cost-cutting plan to […]

Every American learns where the Strait of Hormuz is at the worst possible moment. It is a 21-mile-wide bottleneck off the coast of Oman that, on a quiet week, carries one in five barrels of the world’s oil. When it works, nobody talks about it. When it stops, you find out at the pump. It

Roblox had a strong first quarter on paper. But what CEO David Baszucki said about the rest of the year sent investors running for the exit. The gaming platform postedfirst-quarter bookings of $1.7 billion, up 43% year over year. Revenue came in at $1.4 billion, also up 39% year over year.  By most measures, that’s a

Cathie Wood just made a massive move ahead of a key tech earnings report.  The ARK Invest founder trimmed $12 million in CoreWeave (CRWV) stock just days before the company reports earnings in a couple of days’ time. On May 4, ARK sold 99,692 shares of CoreWeave across multiple ETFs, locking in gains, as the

RobinhoodCEO Vlad Tenev has a clear message for anyone who thinks prediction markets are a passing trend: Think again. Speaking at the company’s Q1 2026 earnings call, Tenev laid out an ambitious vision for where he sees this fast-growing business heading. And the numbers are already starting to back him up. Robinhood posts record quarter

Warren Buffett spent six decades transforming Berkshire Hathaway from a struggling textile manufacturer into a trillion-dollar conglomerate admired across global financial markets. Buffett officially stepped down as chief executive at the end of 2025, with Abel taking over on January 1, 2026. The 63-year-old Canadian executive has managed all non-insurance operations since 2018, earning Buffett’s

Ryan Cohen spent Sunday evening (May 3) announcing a $55.5 billion bid for eBay. By Monday night (May 4), the most credible value investor in GameStop’s corner had sold every share he owned. Michael Burry did not leave quietly. He explained exactly why. And his words are worth reading carefully. What Burry said about GameStop

When a bank the size of JPMorgan Chase goes looking for new leadership in its investment banking ranks, the rest of the industry tends to pay very close attention. The hire that just came across the wire is the kind of move that tells you exactly where the firm sees its next wave of growth

Is it worth moving from a high-tax state to a lower-tax state? That’s the question Jeffrey Levine, chief planning officer of Focus Partners Wealth, discussed in a recent episode of Focus on Finance Forum. According to Levine, the answer depends on one’s sources of income and how the lower-tax state treats those sources. Below is

When the economy grows tight, Americans cut back on their beauty purchases, according to market analysts.  “Among all merchandise categories, including household goods, toys, pet food, vitamins, fitness, makeup, and skincare are the categories that rank highest for consumer intent to reduce spending. The leading reason for consumers wanting to spend less on makeup and