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London fintech startup Viable has raised $3 million in seed funding. Founded in 2023, Viable helps e-commerce businesses track their finances. AdvertisementViable, a London-based fintech startup that aims to help small businesses with finances, has raised $3 million in seed funding. Founded in 2023, Viable typically works with e-commerce and direct-to-consumer (DTC) companies in beauty, wellness, and fashion to provide clearer data on their finances. Cofounder Franklyn Martin said these e-commerce businesses were facing a double threat: rising costs and investors turning away from the space.
Persons: , Franklyn Martin Organizations: London, Service, Business Locations: London
One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner's solid quarter. The recent action in the Club stock has us wondering if a big buyer is lurking out there. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Federal, Club, Marshalls, Nvidia, Moderna, Tech, Enphase Energy, Corp, BJ's Wholesale, Jim Cramer's Charitable Locations: Maxx
Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street's fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Fiscal first-quarter revenue surpassed the Street's expectations, coming in at $829 million, versus consensus estimates for $786 million, per LSEG. — The apparel and footwear company sank 9% after posting an unexpected loss for the recent quarter and revenue that fell short of Wall Street's estimates. VF Corp. posted a loss of 32 cents per share on $2.37 billion in revenue.
Persons: LSEG, FactSet, Synopsys, LiveRamp, Dow Jones, Goldman Sachs, Morgan Stanley, Ed Breen, Lori Koch, Breen, , Darla Mercado, Sarah Min, Scott Schnipper, Christina Cheddar, Berk Organizations: Nvidia, Super Micro, Devices, Corp, VF Corp, LiveRamp Holdings, News Corp, JPMorgan, DuPont de Nemours, DuPont
Against this backdrop, CNBC Pro screened the SPDR S & P Retail ETF (XRT) for stocks that were forming a death cross chart pattern. We found five SPDR S & P Retail ETF (XRT) components, including Ulta Beauty , that are on the verge of a death cross pattern — and one that has already formed one. Ulta Beauty Shares of cosmetic retailer Ulta have slipped more than 22% in 2024. Other stocks nearing a death cross pattern include National Vision Holdings and Academy Sports & Outdoor . Dollar Tree Dollar Tree , however, has already formed a death cross chart pattern.
Persons: Mark Astrachan, Astrachan Organizations: Walmart, Lowe's, CNBC Pro, P Retail, National Vision Holdings, Academy Sports
Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer's shares fell as it said it expects its growth to slow. Sales rose to $321.1 million, up about 71% from $187.4 million a year earlier. For the full year, the company's sales grew to $1.02 billion, an increase of 77% from the year-ago period. Its guidance reflects that sentiment, but even so, the company expects to grow at a slower pace than Wall Street anticipated. expects net sales to be between $1.23 billion and $1.25 billion, which would be an increase of 20% to 22%.
Persons: Tarang Amin, Dave Kimbell, Estée Lauder, Coty, Kimbell, JPMorgan Chase, Read Organizations: LSEG, Walmart, Target, Wall, JPMorgan Locations: E.l.f
She’s a business mogul in every sense: Aside from a prolific music career, she’s launched successful brands including her cosmetics empire Fenty Beauty – worth an estimated $2.8 billion according to Forbes – and her lingerie label Savage X Fenty. Her latest move in China to promote makeup products is something of a masterclass in how to tap into its lucrative – mostly online – Gen Z market. On Tuesday night, the chart-topping singer attended a Fenty Beauty pop-up held at a Shanghai photography museum, “servin’ face” according to brand’s Instagram, and “jianbing” – a popular Chinese breakfast crepe that costs about a dollar. In a screengrab from Instagram, Rihanna makes jianbing in Shanghai, China, during a visit to promote Fenty Beauty. While Fenty Beauty products have been available in the country since 2019, the brand announced this March that it would be expanding its presence via Sephora stores on the mainland.
Persons: CNN —, Rihanna, She’s, she’s, Forbes –, brand’s Instagram, , China’s TikTok, , Guo Pei, jianbing, RihannashowsupinShanghai, Gucci, Dior, Louis Vuitton Organizations: CNN, Vogue China, Academy of China Council, Promotion of International Trade Locations: China, Shanghai, Instagram, Weibo, Shandong, , China’s Shandong province, Jianbing, Douyin
CNN —Carissa Moore remembers the first time she surfed Teahupo’o, the barreling wave located off the island of Tahiti. “I was so out of my league,” recalls Moore, who has surfed the famous break numerous times throughout her career. “It’s those waves that scare you the most that end up being the best,” Moore tells CNN Sport. Moore waits for a wave at Teahupo'o during the Tahiti Pro event on August 11 last year. “Maybe I return, maybe I just focus on Moore Aloha and free surfing and doing film projects.
Persons: CNN — Carissa Moore, surfed Teahupo’o, Moore, , , Teahupo’o, ” Moore, “ It’s, ’ ”, Red Bull, Ben Thourad, I’ve, I’m, “ I’m, “ There’s, Brent Bielmann, what’s Organizations: CNN, CNN Sport, Tahiti Pro, Tahiti, Getty, International Surf Association, Surf League, surfing's, Moore Aloha Locations: Tahiti, Polynesia, Hawaii, AFP, Japan, Paris
Hong Kong CNN —Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer demand. The JD.com Inc. headquarters during a ceremony marking company's 20th anniversary and 618 shopping event in Beijing, China, on Sunday, June 18, 2023. The 618 shopping festival, a key barometer of consumption in the country, has seen growing competition by e-commerce sites and retailing brands to offer discounts. One statement, issued by 10 publishing houses in Beijing, said the boycott was a necessary move to “maintain the stability and prosperity” of the book publishing market. Even major state-owned publishing companies voiced opposition to “chaotic” price wars.
Persons: Apple, Alibaba —, Alibaba, Rihanna, iPads, , Jefferies Organizations: Hong Kong CNN, Apple, Huawei, Vivo, JD.com, Inc, Bloomberg, Getty, Counterpoint Research, Xiaomi, Shanghai Century Publishing Locations: Hong Kong, China, Shanghai, Beijing
Macy’s Reports Another Drop in Sales
  + stars: | 2024-05-21 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +1 min
Macy’s said its comparable-store sales in the United States fell 1.2 percent from the same quarter a year earlier. Sales at the namesake Macy’s brand were the weakest of all of the company’s brands, falling 1.6 percent. Sales at Bloomingdale’s rose 0.8 percent and Bluemercury’s sales rose 4.3 percent. According to the Census Bureau, retail sales at department stores overall fell 2.4 in the first four months of the year, compared with the same period last year. The department store chain said it expected comparable-store sales to be down about 1 percent to 1.5 percent compared with last year.
Persons: Macy’s, décor Organizations: Census Locations: United States
A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. Ningi has a short position in Oddity but didn't disclose the size of that position. Oddity Tech, the parent company of makeup brand Il Makiage and skincare brand Spoiled Child, sold investors on the premise that it's disrupting the legacy beauty industry by changing the way people buy makeup online. Ningi Research is alleging that Oddity is not a purely digital company and that its Il Makiage brand has more than 40 stores in Israel, where the company is based. Oddity previously told CNBC that more than half of its business is from repeat customers.
Persons: it's, Ningi, didn't, ODDITY's, they've, Oran Holtzman, Holtzman, authorizations, We'll, we've Organizations: Tech, CNBC, Ningi, U.S . Ningi, Better Business Locations: Israel, U.S
Macy's fiscal first-quarter earnings topped Wall Street's expectations on Tuesday, as the retailer said it saw early signs of momentum in its turnaround strategy. Macy's raised its full-year earnings expectations to reflect the first-quarter beat, along with the low end of its sales outlook. That's more than a quarter of namesake Macy's locations. Yet the retailer said it will invest in parts of the business that have fared better, including the roughly 350 Macy's stores that will stay open. It plans to open more Bloomingdale's and Bluemercury locations, and smaller Macy's stores in suburban strip malls.
Persons: Macy's, Tony Spring Organizations: Inc, LSEG Locations: Herald, New York
The couple has set up a flourishing business buying properties, restyling and reselling them, ready-to-occupy, helping foreign buyers every step of the way. They hunt for old houses in historical villages in need of a makeover, which once renovated make the perfect summer getaway. The BEFORE picture: The couple find old houses in need of a makeover. The old properties the pair handles are located in small towns where centuries-old traditions survive. I really like old houses and the idea of giving them a second chance: especially when they are abandoned buildings rich with history.
Persons: you’ve, That’s, Bruno Mongiardo, Ginevra dell’Orso, ” Dell’Orso, Dell’Orso, , , , they’re, Mongiardo, ” Mongiardo, dello Organizations: CNN, Graecia, Bruno Mongiardo Southern, Locals, Foreigners Locations: Italy’s, Calabria, characterful, Isca, Italy’s Calabria, Venice, Milan, Badolato, Calabrian, Sostene, Santa
Many resorts move their clocks at least one hour ahead of the country’s official time zone – which is five hours ahead of Greenwich Mean Time (GMT+5). The JW Marriott is one of four Maldives properties under the Marriott Group umbrella, alongside St. Regis Maldives Vommuli Resort, the Westin Maldives Miriandhoo Resort and the Ritz-Carlton Maldives, Fari Islands. Video Ad Feedback Inside one of the Maldives' most luxurious resorts 02:30 - Source: CNNSoneva, another luxury resort group with multiple properties around the Maldives, also sets the clocks at its resorts an hour ahead of Male Time. Not every island resort follows island timeVideo Ad Feedback Flying with the barefoot pilots of the Maldives 02:31 - Source: CNNNot every resort in the Maldives follows island time. “Here at Kurumba Maldives we don’t use island time and never have, simply because as the first resort in the Maldives the concept of island time didn’t exist,” says Ali Farooq, resort manager at Kurumba, which opened in 1972.
Persons: Mohit Dembla, Matteo Colombo, , Zhilah Vego, CNN Soneva, Soneva Jani, Jani Time, Charles Morris, , , Regis, Ali Farooq, Marriott’s Organizations: CNN, JW, Spa, CNN Travel, Marriott, Marriott Group, St, Regis, Westin, Ritz, Carlton Maldives, GM, ” Staff, Maldives ’, butlers, Kurumba, Velana International Locations: Maldives, Greenwich, Regis Maldives, Westin Maldives, Fari Islands, Beach, Maldivian, St, Kurumba Maldives, Kurumba, Malé
Opinion | The Northern Lights I Did Not See
  + stars: | 2024-05-20 | by ( Margaret Renkl | ) www.nytimes.com   time to read: +1 min
I spend a fair amount of time looking at the sky, for the sky is nearly always full of magic. What I am never looking for is the Northern Lights. Even with an extreme solar storm underway, as it was on May 10, the news seemed unlikely to affect us here in Nashville. “Northern lights become visible further south as solar activity rises — but not in Tennessee,” read the headline in Nashville’s daily newspaper. To long for a glimpse of the Northern Lights in Middle Tennessee is not a helpful exercise for the muscle that performs hope in the human heart.
Persons: Organizations: National Oceanic, Prediction Locations: American, Nashville, Tennessee, Middle Tennessee, Sweden
I gave birth to my first child — a daughter — in New York City in April of 2020, just after the start of the pandemic. Related stories"Roan" was the perfect choice for my first child — Roan Mountain held such a special place in my heart, and I knew that one day, it would hold a special place in her heart, too. AdvertisementHowever, despite our decision being the right one for our family, my husband and I started to find ourselves grieving our pre-kid, city life. Without a doubt, the Hudson River Valley quickly became one of our homes-away-from-home — another special place in our book of life. It was perfect, and when we were surprised with a second daughter, it fit her well.
Persons: , I'd, Roan, We'd Organizations: Appalachian, Metro Locations: New York City, United States, Tennessee, — Roan, Asheville , North Carolina, Queens, Hudson
Target lowering prices on 5,000 frequently bought items
  + stars: | 2024-05-20 | by ( Rob Wile | ) www.cnbc.com   time to read: +2 min
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue. It had already cut prices on some 1,500 other items. "Our teams work hard to deliver great value every day, and these new lower prices across thousands of items will add up to additional big savings for the millions of consumers that shop Target each week for their everyday needs." As the rate of annual inflation remains stuck above 3% and the Fed's key interest rate remains unchanged, many consumers are starting to pull back on spending and becoming more selective about what they purchase. One of Target's chief competitors, Walmart , recently signaled that even higher-income consumers were turning toward its offerings as "wallets are still stretched."
Persons: Rick Gomez, Chris Kempczinski, We've, Jack Rainey Organizations: Walmart, CNBC
In this article JWNKSSM Follow your favorite stocks CREATE FREE ACCOUNTSignage of Macy's, Kohl's and Nordstrom retail stores. Department stores like Macy's , Kohl's and Nordstrom face an existential crisis, as they try to persuade investors to bet on their futures while sales slow and their core customers age. Melissa Repko | CNBCTo attract younger shoppers, Kohl's is adding trendier clothing for teens, opening more Sephora shops and bulking up its baby department. At the same time, Macy's is trying to go where younger shoppers are, including suburban strip malls and beauty aisles. The company plans to open up to 30 of its smaller off-mall Macy's stores over the next two years.
Persons: hasn't, Nordstrom, Oliver Chen, Cowen, Chen, Kohl's, Melissa Repko, Tom Kingsbury, Maxx, Kingsbury, Macy's, It's, Tony Spring, He's, TD Cowen's Chen, Scott Olson Organizations: Nordstrom, Getty Images Department, Department, Wall, Baby Boomers, Boomers, CNBC, Target, Costco, Getty Locations: Kohl's, Macy's, Sephora, Bluemercury, Bloomie's, Zara, Chicago , Illinois
A dermatologist told Business Insider sunscreen is the most important part of her routine. Everyone's skin wrinkles as they age, but genes, UV exposure, and repeated facial expressions can govern how deep they are and how many develop. Many people turn to "antiaging" creams and beauty products to lessen the appearance of wrinkles — in 2023, facial antiaging products made over $1 billion in the US, according to Statista. But because the Food and Drug Administration doesn't evaluate beauty products for effectiveness, there's no guarantee they will reduce wrinkles. This story is available exclusively to Business Insider subscribers.
Persons: TikTokers, , Sarah Palmyra, couldn't Organizations: Service, and Drug Administration, Business
CNN —Auction house Christie’s in New York is set to offer up its most expensive watch ever – a limited-edition Richard Mille – alongside rare timepieces, such as ones that once belonged to a former US president and an Apollo 7 astronaut. The transparent Richard Mille wristwatch, with a complex sapphire case design and sapphire crystal skeletonized tourbillon, is expected to sell for up to $4 million at auction at Christie’s Rockefeller Center on June 10. “We are particularly enthusiastic about offering the Limited-Edition Richard Mille RM56-02 AO Tourbillon Sapphire, a remarkable achievement in both pioneering materials and micro-engineering,” Rebecca Ross, head of sale at Christie’s in New York, said in the release. Another limited-edition Richard Mille watch, with a diamond-set skull, will be the first of its kind to be brought to auction and is expected to fetch up to $1 million, according to Christie’s. The Rolex Daytona watch was reportedly worn by late NASA astronaut Walter Cunningham in space.
Persons: Richard Mille –, Mille, ” Christie’s, Richard Mille RM56, Sapphire, ” Rebecca Ross, Richard Mille, Paul Newman, Walter Cunningham, Cunningham, Philippe, Lyndon B, Johnson, Robert Kerr, , ” Ross Organizations: CNN, Christie’s Rockefeller Center, NASA, Rolex, Tiffany Locations: New York, Hong Kong
Rich millennials in the US have been known to splash out on their pets, new laundry rooms, and expensive coffee machines. And over in China, rich millennials have their own ideas of what counts as a luxury status symbol. AdvertisementExpect to see these rich millennials mixing luxury casual wear like T-shirts and sneakers with traditional luxury brands, Banta told BI. And getting regular aesthetic treatments has become a top priority for affluent millennials, Banta told BI. Independent luxury brands that offer more authentic products and those that draw on cultural heritage are also highly in demand, she said.
Persons: , they've, Rich millennials, They've, Claudio Lavenia, Louis Vuitton, Daniel Langer, Amrita Banta, Budrul Chukrut, Elisa Harca, Ant Asia, Mary, Kate, Ashley Olsen, prioritizes, Harca, Banta, JUAN BARRETO, Olivia Plotnick, Port Ellen, Alexandra Bacon, Ewan Andrew, Langer, Black Pearl, JOHANNES EISELE, Olivier Morin, Plotnick, Tom Dixon, Potnick, Gen, Gabriella Tegen, Gen Z Organizations: Service, Business, Pepperdine University, Research, Getty, JUAN BARRETO Travel, Wai, Social, Diageo, Michelin, China Morning, Meituan, Clover, Bloomberg, Clover Suites, China News Service, McKinsey, Brands, Independent Locations: China, Antarctica, Iceland, Shanghai, Port, Scotland, That's, Harca, Singapore, Banta, millennials
On March 18 1990 the museum fell prey to history’s biggest art heist. Here are five things that make the Isabella Stewart Gardner Museum, and its famous theft, so interesting. Sean Dungan/Courtesy Isabella Stewart Gardner Museum, BostonWhy commit history’s greatest art heist and leave without the priciest piece in the museum? John Wilcox/Boston Herald/Getty ImagesWhy would “Corsican mobsters,” as CNN correspondent Randi Kaye described them in the programme, be interested in robbing a Boston art museum? “That’s how these things get stolen.”How It Really Happened’s “Gardner Art Heist: Stealing Beauty” premieres on CNN Sunday 19 May, at 9pm ET/PT.
Persons: , Andy Warhol’s, Frida Kahlo’s, Isabella Stewart Gardner, Vermeer, Rick Abath, Gardner, ” Stephan Kurkjian, ” Gardner, Julia Ward Howe, Ethel Smyth, Emmeline Pankhurst, Smyth, John Singer Sargent, Gardener, Mona Lisa, Titian, theives, Sean Dungan, Napoleon, Rembrandt, Bob Wittman, John Wilcox, Randi Kaye, ” Kaye, ” Kelly Horan, Myles Connor, , theif Myles Connor, George Rizer, Connor, Al Dotoli, Frank Sinatra, Liza Minelli, Dotoli, Dionne Warwick —, ” Horan, , Ryan McBride, ” Wittman, “ Gardner Organizations: CNN, The Museum, Modern Art, Salvador, Isabella Stewart Gardner Museum, 9P, Boston, Boston Symphony Orchestra, Red Sox, Boston Globe, Storm, FBI, Museum of Modern, Art, Boston Herald, Boston’s Museum of Fine Arts, Getty Locations: New York, Boston, America, Red, Europa, London, Galilee, Corsica, Nice, Corsican, Maine
So if you are planning to spend money on a pedicure, you'll want to make sure you're choosing a trustworthy salon. Here's what salon owners said are red flags to look out for when getting a pedicure at a new salon. She said that if you're getting a pedicure and manicure at the same appointment, nail technicians should also use separate tools for your hands and feet. Uncovered pedicure chairs may not be the cleanestKars told BI that salons should cover pedicure chairs with disposable materials to prioritize good hygiene. Household cleaning products aren't enough to disinfect equipmentReign told BI it's a red flag "if a salon uses household products to clean their chairs."
Persons: , Rona, Lana Kars, kali9, Patricia Reign Organizations: Service, Business, Russian, Kars, Traveling Locations: Rona Villamore Falls, Braselton , Georgia, Kars
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. And the data has been mostly good, with 78% reporting a positive earnings surprise and 60% delivering a positive sales surprise. But we will get earnings from three portfolio companies, including one of our two "own, don't trade" stocks. In the week ahead, three portfolio companies will report results, while it will be fairly slow for economic data, except for a couple of housing reports. Earnings : After a week without earnings from any Club stocks, we'll get three this coming week.
Persons: Dow Jones, Dow, we'll, TJX, Blackwell, Li Auto, James Hardie, Ralph Lauren Corporation, Booz Allen, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Justin Sullivan Organizations: Wall, Federal Reserve, Dow, Nasdaq, CPI, Palo Alto Networks, Palo, TJX Companies, Nvidia, Nexxen, Alto Networks, Video Communications, Trip.com, James Hardie Industries N.V, Nordson Corp, Keysight Technologies, ZIM Integrated Shipping Services, Lowe's Companies, Eagle Materials, Toll, ViaSat, Urban Outfitters, Target Corp, Devices, Dorian LPG, Dycom, Golden Ocean Group, Petco, Wellness Company, Sonoma, WSM, VF Corp, Star Bulk Carriers Corp, LiveRamp Holdings, Chemical & Mining Co, Grupo Supervielle S.A, BJ's Wholesale, Technologies, TD Bank Group, Intuit, Ross Stores, Booz Allen Hamilton Holding, Mesa Laboratories, Jim Cramer's Charitable, CNBC, Intelligence, SAP Center Locations: Palo Alto, Williams, Chile, San Jose , California
"The best anti-aging routine can be as simple as just a few steps," especially in the morning, Lindsey Zubritsky, a board-certified dermatologist, told Business Insider. Always cleanse your face — unless you have sensitive skin"I recommend starting out with a gentle cleanser if you have oily or acne-prone skin," Zubritsky said. AdvertisementZubtritsky recommended Cetaphil Gentle Cleanser, a creamier formula for dry or sensitive skin. For oilier skin, she suggested La Roche Posay Toleriane Foaming Cleanser, which can also be used for sensitive skin. AdvertisementIf you have sensitive skin, you'll want to start with retinol, Zubritsky said, as it's gentler.
Persons: , Lindsey Zubritsky, Carolyn Stull, Sergey Mironov, Zubritsky, that's, Stull, Cetaphil, La Roche, ISDIN Eryfotona, Skinbetter, Blair Murphy, Rose, Olay, you've Organizations: Service, Business, Neutrogena Hydro, L'Oreal, Cream
I feel so fulfilled by my life in Finland. I was introduced to cross-country skiing when I moved to Finland five years ago, and now it is one my favorite hobbies." Finland is the first place I lived after college and the first place my husband and I lived together. You can follow her journey and life in Finland on Instagram or TikTok. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Jade Ventoniemi, I've, Ventoniemi, Jade Organizations: Southern, NCAA, CNBC Locations: Finland, U.S, Florida, States, Lapland, Kuusamo, Southern USA, American, Lahti
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