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☆ Carson Block is shorting cosmetics company E.L.F. Beauty, saying it's a 'revenue and investor mystery'
▼ + stars: | 2024-11-20 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementSpeaking at the Sohn conference in London, Muddy Waters founder Carson Block said he was short E.L.F Beauty. Notorious short-seller Carson Block has a new target: discount cosmetics company E.L.F. AdvertisementUsing import data and referencing conversations the Muddy Waters founder and his team had with E.L.F. "Its reported inventory also appears materially inflated as a result — i.e., to account for cash that has not really come in." AdvertisementBlock and his firm, Muddy Waters, have been a thorn in the side of plenty of companies, big and small.

Persons: Muddy, Carson Block, E.L.F, Block, Muddy Waters, Block's, Blackstone Organizations: Sohn, Muddy Waters, Sohn Conference Locations: London, California, Muddy, China

☆ How Trump's rich Cabinet members could save millions thanks to a little-known tax break
▼ + stars: | 2024-11-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo of the reported candidates for Treasury Secretary made their fortunes on Wall Street, including billionaire Apollo CEO Marc Rowan. Eligible federal appointees can defer capital gains taxes indefinitely when they sell stock or other assets in order to avoid a conflict of interest. As a top earner in New York, they would normally have to pay more than $3 million in capital gains taxes. The sum that would have been spent on capital gains taxes is now free to compound and grow. The IRS allows investors to defer capital gains taxes in other scenarios that are deemed outside their control.

Persons: Donald Trump's, Trump, Howard Lutnick, Cantor Fitzgerald, Major Trump, Chris Wright, Marc Rowan, Bush, Goldman Sachs, Henry Paulson, George H.W, Bob Willens, You've, Scott Bessent, frontrunners, eyeing Rowan, Kevin Warsh, Morgan Stanley, Warsh, Jane Lauder, Rowan, Ed Renn of Withersworldwide, Penny Pritzker, Mark Parthemer, Willens, Renn Organizations: Commerce, of Energy, Treasury, Executives, Columbia Business School, Federal Reserve, Government, IRS Locations: George H.W . Bush, New York

☆ Russia is dropping millions on pay for up to 100,000 North Korean soldiers. They're unlikely to see much of it.
▼ + stars: | 2024-11-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Russia is pouring cash into the deployment of up to 100,000 North Korean soldiers to help its war efforts — but the soldiers themselves are unlikely to receive any of it, according to North Korea experts. AdvertisementUkraine claims that up to 11,000 North Korean troops have been sent to help push back its forces in Kursk, and those numbers could rise. This could mean about 100,000 North Korean soldiers serving alongside Russia within a year, he said. North Korean soldiers onscreen in South Korea. Ukraine's allies have repeatedly said that North Korean troops fighting in Ukraine will become "cannon fodder" on the battlefield.

Persons: Kim Jong, Kim Jong Un, Dimytro Ponomarenko, Ahn Young, joon, Kim, Bruce W Bennett, Bennett, Hyunseung Lee, RAND's Bennett, there's, Yoon Sang, hyun, Yoon, Chung Min Lee, Lee Organizations: Russia, North, America, Korean, Bloomberg ., AP, Associated Press, RAND, Ukraine, Radio Free, South, Korea Economic, Navy, Carnegie Endowment Asia, North Korean, Storm Corps Locations: Korea, Russia, North Korea, Kursk, South Korea, North Koreans, Korean, Radio Free Europe, Ukraine

☆ Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions
▼ + stars: | 2024-11-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For some, the fear of tariffs means stocking up on cars, skincare, and hair products. But following Donald Trump's presidential election victory, Hull heard that car costs could surge if his tariff plans are enacted. On the campaign trail, Trump proposed a 60% tariff on imports from China and 10% to 20% on goods from other countries. AdvertisementConsidering the larger scale of Trump's proposals this time around, trade experts have identified goods, including car parts, apparel, and electronics, as products at risk of getting more expensive under Trump's tariff proposals. With so much uncertainty regarding Trump's tariff proposals, it's difficult to plan.

Persons: Donald Trump, Kristen Hull, Donald Trump's, Hull, Trump, She's, I'm, Indi Dutta, Gupta, Karoline Leavitt, Vance, she's, Dutta, Marissa Garcia, Trump's, Peterson, Garcia, Beatrice Barba, Barba, Lisa Evans, Jonathan Gold, it's, Ford Organizations: Biden, Hull, Business, Georgetown University, Roosevelt Institute, Trump, Discovery, American Progress, National Retail Federation, jkaplan Locations: China, Columbia, Southern Indiana, Jacksonville , Florida, Los Angeles

☆ Luxury brands forgot about Gen Z. They can't afford to make that mistake again.
▼ + stars: | 2024-11-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.

Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès

☆ Here's the deflation breakdown for October 2024 — in one chart
▼ + stars: | 2024-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We are seeing [deflation] to some extent," said Stephen Brown, deputy chief North America economist at Capital Economics. Energy prices and electronicsGasoline prices are also "way down," Zandi said. Consumers "could get more relief there because global oil prices are soft," Zandi said. Food prices are also generally underpinned by their own unique supply-and-demand dynamics, economists said. Lower energy prices can also take pressure off food prices, as it costs less to transport and distribute food to grocery store shelves.

Persons: Stephen Brown, Mark Zandi, women's outerwear, they've, Zandi, They've, Donald Trump's, they'd, Bacon Organizations: North, Capital Economics, U.S, Moody's, Finance, CPI, Bank of America, U.S . Energy Information Administration, Consumers Locations: U.S, North America, China

☆ How a former data analyst turned his 14-year career at Riot Games into 'Arcane,' a beautiful, expensive Netflix hit
▼ + stars: | 2024-11-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +9 min

"Arcane," a television adaptation of Riot Games' "League of Legends," is back on Netflix. The gig was at Riot Games, a young video game company founded in 2006 that had launched its debut title "League of Legends" the year before. Film and television isn't Riot Games' primary business; video games like "League of Legends" are. A genuinely good television series like "Arcane" not only engages current players who may spend money on in-game cosmetics, but brings new eyes to the franchise. The real-life cosmetics, like the "Arcane" season two drop with Fenty Beauty, probably don't hurt either.

Persons: Christopher Linke, Alexander Yee, it's, —, Christian Linke, Linke, Yee, Ella Purnell, Netflix Linke, Ekko, Reed Shannon, Fortiche, that's, shiniest Organizations: League of, Netflix, Riot, Service, Craigslist, Riot Games, League, Variety, Washington Locations: Los Angeles

☆ Stocks making the biggest moves premarket: Lyft, SolarEdge, Qualcomm, Moderna and more
▼ + stars: | 2024-11-07 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. SolarEdge — The solar panel inverter stock slipped more than 16% after a third-quarter revenue miss. SolarEdge reported revenue of $261 million, while analysts surveyed by LSEG were looking for $269 million. Third-quarter revenue surpassed Wall Street estimates, and the company expects fourth-quarter revenue of $256 million to $262 million, compared with an estimate of $260 million. Moderna — Shares rallied 7% after Moderna's third-quarter earnings and revenue topped expectations.

Persons: FactSet, SolarEdge, —, Zillow, Gilead, LSEG, Armour, Hershey, Samantha Subin, Hakyung Kim, Sarah Min Organizations: Arm, Wall, LSEG, FactSet, —, Qualcomm, Gilead Sciences, Hershey Locations: Gilead

☆ Stocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue.

Persons: LSEG, HubSpot, Lyft, Robin, SolarEdge, Donald Trump, Bumble —, Zillow, Darla Mercado, Jesse Pound, Samantha Subin, Sean Conlon Organizations: Qualcomm, Arm Holdings, LSEG, FactSet, Technologies, Bros, Revenue Locations: FactSet, StreetAccount, LSEG

☆ E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
▼ + stars: | 2024-11-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Sales rose to $301 million, up about 40% from $216 million a year earlier. raised its full-year revenue guidance from a previous range of $1.28 billion to $1.3 billion and also raised its adjusted earnings guidance. The retailer is expecting adjusted earnings to be between $3.47 to $3.53 per share, up from a prior outlook of between $3.36 and $3.41 per share. Analysts had been looking for earnings guidance of $3.51, according to LSEG.

Persons: we're, Tarang Amin, Amin, Donald Trump Organizations: LSEG, Gen Alpha, CNBC, Target, Walgreens Locations: U.S

☆ Special mud rubbed on all MLB baseballs has unique, 'magical' properties, study finds
▼ + stars: | 2024-11-04 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

The Summary For years, a special mud has been rubbed on every baseball before every major league game to make them less slippery. Called Lena Blackburne Baseball Rubbing Mud, it comes from a single source: a secret spot along the banks of a tributary of the Delaware River. The magic mud is applied to every ball used in Major League Baseball, including in this year’s World Series. The authors concluded that any attempt to create a synthetic substance to replace the mud — something Major League Baseball has explored — would be foolish. An undated photo shows Burns Bintliff, a prior owner of Lena Blackburne Rubbing Mud, with a can of mud.

Persons: Lena Blackburne, Jim Bintliff, ”, Doug Jerolmack, Mark Griffey, ” Jerolmack, Carl Mays, Ray Chapman, ’, ” Bintliff, Burns Bintliff, Blackburne, Bintliff, Shravan Pradeep, Paulo Arratia, Xiangyu Chen, Felipe Macera, Emanuela Del Gado, Del Gado, Rob Manfred Organizations: MLB, University of Pennsylvania, National Academy of Sciences, Major League Baseball, Penn Engineering, New York Yankees, Cleveland, National League, Baseball Hall of Fame, Philadelphia Athletics, Dodgers, Penn, Georgetown University’s Institute, Little League, National Football League teams, Dow Chemical Locations: Delaware, New Jersey

☆ China's Singles Day shopping festival is more than halfway over. Here's how consumers are spending
▼ + stars: | 2024-11-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

China's e-commerce giants stopped reporting Singles Day GMV in 2022 during the pandemic. Singles Day GMV this year as of Oct. 30 was 845 billion yuan ($119.1 billion), according to research firm Syntun. Subsidies boost appliancesHelping boost sales this Singles Day are China's subsidies for trade-ins of home appliances, launched in late July. They predict 4% to 5% growth in Singles Day GMV, with sales in the home appliance category supported by the trade-in program. "Something that kind of came out of nowhere, into all of a sudden really, really big numbers."

Persons: Alibaba, Jacob Cooke, JD's, ByteDance's Douyin, Cooke, Louis Vuitton, we've, UOB Kay Hian, JD.com, Dave Xie, Oliver Wyman, Xie, There's, Liang, Chiikawa, Taobao, Tmall Organizations: Visual China, Getty, Alibaba, Technologies, CNBC, Louis Locations: Lianyungang, Jiangsu Province, China, BEIJING, Asia, Alibaba, British

☆ Jim Cramer says Monday's market action suggests some traders anticipate a Harris win
▼ + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Monday's market action, saying the session's moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day. "I'm not sure the market's right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it'll mean," he said. Traders, Cramer said, are looking to get ahead of election results, and they're looking for signs that someone knows something that others don't. The poll showed Harris leading Trump 47% to 44%, and Cramer said it has led investors to question whether other red states could turn blue. "I like the idea that you can now get a jump on what traders think," he said.

Persons: CNBC's Jim Cramer, Kamala Harris, I'm, Harris, Cramer, Donald Trump, Lina Khan Organizations: Traders, Trump, Toll, Companies, Constellation Brands, Biden, Federal Trade Locations: Iowa, Lennar

☆ A 102-year-old shares her simple, science-backed skincare secrets — and they don't include antiaging creams
▼ + stars: | 2024-11-02 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Deborah Szekely is 102 years old and works three days a week. But Szekely's secret to good skin isn't spending hundreds of dollars on creams that promise to turn back time. Related storiesSunscreen is the best way to prevent skin agingSzekely has a simple daily skincare routine, too. AdvertisementHer biggest skincare recommendation for younger people wanting good skin is to wear sunscreen. AdvertisementAnd Toshiko Eto has practically no wrinkles at 80, which she attributes to eating fermented foods as well as her skincare routine.

Persons: Deborah Szekely, —, Szekely, she's, Derek V, Chan, William Organizations: Service, CNBC, Research, Dermatology, La, Rancho, Puerta, BI Locations: Baja California, Mexico, La Puerta, Manhattan

☆ These are the most overbought stocks as November kicks off
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. Strong earnings from tech giants Amazon and Intel late Thursday were partly responsible for equity gains on Friday, as investors still look to megacap tech stocks for leadership. CNBC Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index, or RSI. Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside.

Persons: Nicole DeBlase, DeBlase, FactSet, Estée Lauder, Dr Pepper Organizations: GE Vernova, United Airlines, Dow, Nasdaq, Amazon, Intel, CNBC Pro, Companies, GE, FactSet, Electric, Deutsche Bank, Pharmaceuticals, eBay Locations: United, U.S, Chicago, China

☆ Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
▼ + stars: | 2024-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.

Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: —, Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China

☆ Rihanna's Fenty Beauty is about to release a $250 makeup kit in collab with one of Netflix's biggest animated hits
▼ + stars: | 2024-10-28 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Fenty Beauty is releasing a collaboration with Netflix's hit animated series "Arcane." "Fenty Beauty x Arcane: The Legends Vault" is schedule for release on November 2 and is priced at $250. AdvertisementRihanna's Fenty Beauty is making a big bet on nerdworld, collaborating with Netflix's "Arcane" for its new "Fenty Beauty x Arcane: The Legends Vault" collection. According to Fenty Beauty's website, the collaboration vault is meant to showcase how "glam + animation collide." Representatives for Netflix, Riot Games, and Fenty Beauty didn't respond to requests for comment from Business Insider, sent outside business hours.

Persons: Netflix's, —, Fenty, Mel, Riche, I've, Arcane, Priscilla Ono, Ono, Kiahna Manker, Roblox, Rihanna, Lush, It's, Vox, greenlighting Organizations: Service, Riot, League of, Products, Games, Netflix, of, Korean, Adidas, London's O2 Arena, BiliBili, Video, Riot Games, Business Locations: Paris, Wembley

☆ Using options to trade two cosmetics competitors with a lot on the line this month
▼ + stars: | 2024-10-28 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.

Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee

Today, 33-year-old Sweeney is a licensed funeral director and mortician in Warren, Minnesota, earning just over $87,000 per year. "I really don't fear death," he says, coming from what he describes as a "death-positive" family. The average pay for a funeral director is about $100,000, according to the Economic Research Institute. Sweeney's sense of community goes beyond his funeral director duties. In his role as a funeral director, Sweeney emphasizes the importance of allowing families to participate meaningfully during the funeral.

Persons: Victor M, Sweeney, Sweeney's, —, Ben Brewer, It's, Thomas Lynch, Sweeney engraves, I've, it's, Sweeney Organizations: CNBC, North Dakota State University, University of Minnesota, Economic Research Institute Locations: Warren , Minnesota, Detroit, Bismarck , North Dakota, Fargo, Canadian, Minnesota, U.S, Everyone's

☆ Insider Today: Young men's new obsession
▼ + stars: | 2024-10-26 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchThe New York Liberty celebrated their WNBA championship with a victory parade. In June, it was reported that the New York Liberty had the third-highest value in the league ($130 million), and brought in the most revenue last year ($18 million). Wu Tsai made a series of key investments that have paid off. AdvertisementAfter building out a state-of-the-art locker room, Wu Tsai focused on filling out an all-star bench. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Sarah Stier, it's, they've, Clara Wu Tsai, Joseph Tsai, Wu Tsai, Breanna Stewart, Gris Osses, Edmon De Haro, Elvis Presley's Graceland, Chelsea Jia Feng, Leila Najafi, she's, They're, Valentin Tkach, Josh Hartnett, Tyler Perry's, Bruce Springsteen, Rebecca Zisser, Taylor, she'll, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, New York Liberty, New York, Financial, Minnesota Lynx, WNBA, Liberty, Barclays Center, BI, Warner Bros, Netflix Locations: York, Brooklyn, honeymoons, Canada, New York City, New York, Chicago

☆ Nestlé and L'Oréal are betting on a longevity supplement made from pomegranate juice
▼ + stars: | 2024-10-25 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Urolithin A supplement company Timeline has investments from both Nestlé and L'Oréal. This year, the conversation quickly turned to the supplement du jour, the compound that has drawn investment from both Nestlé and L'Oréal: Urolithin A. Starting in 2008, Rinch's supplement company, Amazentis, funded over a dozen studies on urolithin A, including some relatively large, placebo-controlled trials in people — a rarity in supplement research. Urolithin A has also captured the attention of longevity researchers, who are typically more skeptical about products promising to make you young again. Timeline was on the agenda at this year's ARDD, an annual longevity research conference held in Copenhagen in August.

Persons: —, There's, Urolithin, Hilary Brueck, Chris Rinsch, Rinsch, Johan Auwerx, Amazentis, Auwerx, He's, Mark Hyman, Dave Asprey, Gwyneth Paltrow's, Will Cole, Dominic Denk, Denk, wouldn't, Timeline's, Andrea Maier, it's, Maier Organizations: Service, VC, Business, Frankfurt University Hospital, National University of Singapore Locations: Gstaad, Swiss, skincare, urolithin, Davos, Copenhagen, Germany, Switzerland, Nestlé

☆ AptarGroup CEO: The consumer is still there, but our numbers reflect inventory adjustments post-COVID
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAptarGroup CEO: The consumer is still there, but our numbers reflect inventory adjustments post-COVIDStephan Tanda, AptarGroup president and CEO, joins 'The Exchange' to discuss the company's quarterly earnings results, how tariffs would impact AptarGroup, and the impact of the slowdown in the cosmetics business.

Persons: COVID Stephan Tanda

☆ Stocks the most at risk from tariffs and other ways to play the election, per Wolfe Research
▼ + stars: | 2024-10-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Against this backdrop, Wolfe Research released a basket of stocks that might be impaired under a Trump presidency. These companies would be at risk either under a 10% universal duty or 60% China tariffs. Beauty and cosmetics manufacturer Estée Lauder , down about 40% this year, could also face repercussions under a Trump win. Analyst Angel Castillo's revised price target of $332, down from $349, is approximately 14% lower than where shares closed on Wednesday. Other than these stocks sensitive to tariffs, Wolfe Research also suggested a few other ways to play the election.

Persons: Donald Trump, Wolfe, Trump, Estée Lauder, Rambourg, Morgan Stanley, Angel, Goldman Sachs, Patterson, Kamala Harris, Wolfe's Organizations: Republican, Wolfe Research, Democratic, Eagle Outfitters, Eagle, Bank of America, Trump, HSBC, Caterpillar, UTI Energy, NextEra Energy, Centene, AES Corp Locations: China, Greater China

☆ Carbon capture: Scientists say the slime in your dishwasher could unlock a solution to global warming
▼ + stars: | 2024-10-23 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

CNN —Scientists have scoured the depths of the ocean and outer space for microbes to help slow global warming. “Unusual colors, smells, textures, and other data” can help scientists identify areas of interest, Tierney said. The World Economic Forum named microbial carbon capture as one of the world’s top emerging technologies in a June report, but the technology is still in its infancy, with companies running pilot-scale programs to test commercial viability. Carbon capture — which includes a range of technology from huge vacuum-type facilities able to suck climate pollution from the air to carbon-absorbing sponges — remains controversial as a climate solution. “That’s why these technologies make sense in places where such energy is available in a sustainable manner.”The potential uses of extremophile microbes in biotech extend beyond carbon capture, according to Tierney.

Persons: Braden Tierney, ” Tierney, —, Tierney, ”, Wilfried Weber, isn’t, Weber, ” Ara Katz Organizations: CNN —, Seed, Health, CNN, “, Volunteers, Leibniz Institute for New Materials, Economic, UN, Seed Health Locations: United States, Vulcano, Germany, dishwashers

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

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