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☆ Jane Lauder is departing Estée Lauder, taking her out of the race to lead the company her grandmother founded
▼ + stars: | 2024-10-28 | by ( Katie Balevic | Maria Noyen | ) www.businessinsider.com time to read: +3 min

Jane Lauder, beauty magnate Estée Lauder's granddaughter, is leaving the family-run company. Her departure comes after Estée Lauder announced its CEO, Fabrizio Freda, is stepping down. AdvertisementJane Lauder, whose grandmother founded Estée Lauder, is set to depart the company after being seen as a contender for CEO, Business Insider has learned. Before that, she worked in senior leadership positions for brands including Clinique, Origins, and Darphin, which are all owned by Estée Lauder. Aerin Lauder, William Lauder, and Jane Lauder represented the third generation of their family's business.

Persons: Jane Lauder, Estée Lauder's, Estée Lauder, Fabrizio Freda, Lauder, Freda, —, Estée, Arnold Jerocki, WWD, Aerin Lauder, William Lauder, Noam Galai, BCRF Lauder isn't, Aerin Lauder Zinterhofer Organizations: Service, Business, Fashion, BI, Estée Lauder Companies Inc, Balmain Beauty Locations: China, Estée

☆ Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
▼ + stars: | 2024-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors will contend with earnings results from five of the Magnificent Seven companies next week. .SPX 1M mountain S & P 500 "I sort of refer to this period that we're in right now as like a strange brew," said Mark Malek, investment chief at Siebert. On Friday, the Nasdaq Composite hit an all-time high , but the S & P 500 snapped a six-week win streak. In fact, the high concentration of the mega-cap leaders in the S & P 500 spurred Goldman Sachs' David Kostin this month to release a dim long-term forecast for the overall market. HSBC head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900.

Persons: Mark Malek, Siebert, Goldman Sachs, David Kostin, Siebert's Malek, they've, Nicole Inui, Inui, D.R Horton, Price, Eli Lilly, Lauder Organizations: Microsoft, Meta, Apple, Nasdaq, U.S, Treasury, Big Tech, HSBC, FactSet, Richmond Fed, Dallas Fed, Ford, Semiconductor, Caesars Entertainment, Devices, Pfizer, Royal Caribbean Group, PayPal, ADP, Kraft Heinz, Caterpillar, GE Healthcare Technologies, Holdings, ECI Civilian Workers, PCE, PCE Deflator, Chicago PMI, Cruise Line Holdings, Uber Technologies, Lauder Companies, Mastercard, Generac, Jobs, PMI, Manufacturing, Exxon Mobil Locations: U.S, Chicago

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ A complete timeline of Karlie Kloss and Taylor Swift's friendship
▼ + stars: | 2024-04-24 | by ( Claudia Willen | Callie Ahlgrim | ) www.businessinsider.com time to read: +40 min

Taylor Swift and Karlie Kloss became inseparable after meeting at the 2013 Victoria's Secret Fashion Show. AdvertisementThe friendship of Taylor Swift and Karlie Kloss dates back to 2013, when the musician and the supermodel met backstage at the Victoria's Secret Fashion Show. AdvertisementApril 2014: Kloss and Swift are spotted together in New York CityTaylor Swift and Karlie Kloss often spent time together in New York City. November 23, 2014: Swift brings Kloss as her date to the American Music AwardsTaylor Swift and Karlie Kloss at the 2014 AMAs. July 11, 2015: Kloss appears at another of Swift's concerts in New JerseyTaylor Swift's friends went to her concert in New Jersey.

Persons: Taylor Swift, Karlie Kloss, Kloss, —, Swift, didn't, Katy Perry, Scooter Braun, Karlie, Michael Kovac, Jamie McCarthy, Milk, Christina Tosi, Randy Brooke, we're BFFs, I'd, Raymond Hall, Kate Bosworth, Harry Josh, Charles James, Oscar de la, They're, Alo Ceballos, She's, Rolling, James Devaney, Ben Stiller, Quinlin, SoHo Taylor Swift, Jeff Kravitz, Dick Clark, Antonio de Moraes Barros Filho, WireImage Kloss, Lily Aldrige, Martha Hunt, taylor, it's, Taylor, Matty Healy, Marie Claire, Beyonce, Jay, Justin Timberlake, Sam Smith, Michael, r was, els, rais, hou, "I, ove, stor, ste, "(M, bro, K, Ma y, orr, "B, Perry, tim e, oe Jonas, maki, J ohn Shea, dow, deo, cele, Jo, hatta, lia, nce, e, hough, lor h, 2016:, Joh, Delilah, L orde, Conn, Loo, ned the photo,, y, as well, loss and Swift, Augu, rld, kee, mus, raun, cate, rau, hite, theo, abou, ody, ted in a, ike H, Derek Bl Organizations: Big, Service, Vogue, Twitter, Hollywood Life, Big Sur, daisies, Surrey, Costume, Metropolitan Museum of Art, Getty, Swift, Apple, New York Knicks, Garden, Chicago Bulls, Madison, American, New York City's, Yahoo, New, YouTube, the de, acc, Adv, ober, Wil, unc, ift, who's known Locations: Big Sur, Swift's New York, New York City, Big, Instagram, New York, Manhattan, brunching, SoHo, Madison, SoHo Taylor, June., ber

☆ This first-time mom landed her dream C-suite job while pregnant—and almost said no. What changed her mind
▼ + stars: | 2024-04-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Nada Noaman became a C-Suite leader at The Estée Lauder Companies just weeks after learning she was pregnant with her first child. When Nada Noaman landed her dream C-suite job at The Estée Lauder Cos. just hours after finding out she was pregnant, she felt unbridled joy — and panic. Nada Noaman at a baby shower her co-workers threw for her right before she went on maternity leave in December 2022. Estée Lauder offers full-time corporate employees in the U.S. up to 20 weeks of paid parental leave at their normal pay. "Having a solid support system at work and having a clear game plan months ahead of time made all the difference."

Persons: Nada Noaman, Lauder, Lauder Cos, …, Noaman, Estée, didn't, —, Michael Smith, Estèe, Estée Lauder, Smith, Noaman's, Estèe Lauder, Nada Organizations: Lauder Companies, U.S Locations: New York, Los Angeles, U.S

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ Estée Lauder CFO celebrates Black Heritage
▼ + stars: | 2024-02-22 | 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 EmailEstée Lauder CFO celebrates Black HeritageFor Black Heritage Month, The Estée Lauder Companies EVP & CFO Tracey Travis says invest in being well prepared & always be a constant learner.

Persons: Estée Lauder, Lauder, Tracey Travis Organizations: Estée, Black Heritage

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Wall Street heads into the week ahead worrying the rally to record highs is running out of steam
▼ + stars: | 2024-02-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.

Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China

☆ Google unveils enterprise AI tools, new AI chip
▼ + stars: | 2023-08-29 | by ( Max A. Cherney | ) www.reuters.com time to read: +3 min

Google logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. But its big business customers need to be deliberate and move at a different pace, Google Cloud chief Thomas Kurian said in an interview with Reuters. The AI infrastructure includes deals to bring Google Cloud customers access to Meta Platforms' (META.O) AI model LLaMa 2, and to the startup Anthropic's Claude 2. Google also rolled out AI updates to its suite of office software and security tools. Cloud customers can connect several pods together in order to tackle more complex computing problems.

Persons: Dado Ruvic, Estee Lauder, Thomas Kurian, We've, Max A, Matthew Lewis Organizations: REUTERS, FRANCISCO, Google, General Motors, Estee Lauder Companies, Microsoft, Reuters, Oracle, Thomson Locations: San Francisco

☆ OpenAI launches ChatGPT Enterprise for
▼ + stars: | 2023-08-28 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

OpenAI unveiled the new service, dubbed “ChatGPT Enterprise,” in a company blog post and said it will be available to business clients for purchase as of Monday. Before the launch of ChatGPT Enterprise, a number of prominent companies including JPMorgan Chase had implemented temporary restrictions on workplace use of ChatGPT. ChatGPT Enterprise, however, addresses one of the core issues that led to the workplace clampdowns: privacy and security concerns. OpenAI’s announcement blog post for ChatGPT Enterprise, meanwhile, states that it does “not train on your business data or conversations, and our models don’t learn from your usage.”OpenAI did not publicly disclose the pricing levels for ChatGPT Enterprise, instead asking potential business clients to contact its sales team. “We look forward to sharing an even more detailed roadmap with prospective customers and continuing to evolve ChatGPT Enterprise based on your feedback,” the company said.

Persons: OpenAI, JPMorgan Chase, “ We’re onboarding, ”, It’s Organizations: CNN, ChatGPT Enterprise, Companies, Fortune, ChatGPT, JPMorgan, Microsoft, Bing Locations: America, ChatGPT, OpenAI

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsAug 28 (Reuters) - Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft (MSFT.O) offer to customers. ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. With the launch of ChatGPT Enterprise, OpenAI hopes employers will feel comfortable embracing ChatGPT usage at work. Microsoft already offers businesses access to ChatGPT via its Azure OpenAI Service, though in order to use it businesses must be a customer of Azure, Microsoft’s cloud computing platform. ChatGPT Enterprise subscribers need not subscribe to Azure, OpenAI said.

Persons: Dado Ruvic, OpenAI, Carlyle, Estee Lauder, Anna Tong, Chris Reese, Marguerita Choy Organizations: REUTERS, Microsoft, ChatGPT Enterprise, Estee Lauder Companies, Reuters, OpenAI, ChatGPT, Thomson Locations: U.S, San Francisco

☆ Retailers take center stage in the week ahead, as Wall Street turns to the consumer for a much-needed boost
▼ + stars: | 2023-08-11 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.

Persons: Shannon Saccocia, Saccocia, —, we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States

☆ From diversity to accessibility, can technology change the way we think about beauty for the better?
▼ + stars: | 2023-05-15 | by ( Flo Cornall | ) edition.cnn.com time to read: +7 min

CNN —When Bold Glamour launched on TikTok earlier this year, it started a storm on social media. Some on social media were impressed by the technology, but many expressed concern about the way filters can promote unrealistic beauty standards. While there is growing unease about the way technology is impacting our ideas of beauty, some believe it can also change our attitudes to beauty for the better. Social media and filtersDigital filters and augmented reality (AR) have become an intrinsic part of how people represent themselves online. “Thanks to social media we’ve been able to access a multi-diverse pool of representation of what beauty looks like,” she said.

☆ The fabulous life of billionaire fashion designer Tom Ford, who just announced his final collection for his eponymous line
▼ + stars: | 2023-04-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: 1 min

The move came just months after Estée Lauder and Tom Ford inked the luxury industry's biggest deal of 2022 in a $2.8 billion buyout of the American designer's eponymous brand. "I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand, " Ford said when the deal was announced in November. Tom Ford attends the 2018 Hammer Museum Gala In The Garden in Los Angeles, California. Michael Tran/FilmMagic

☆ America’s richest lost $660 billion collectively in 2022 — Elon Musk lost the most
▼ + stars: | 2022-12-27 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Globally, the world's billionaires lost nearly $2 trillion, combined, in 2022, according to Forbes. Jeff BezosTitle: Founder and chair, AmazonEstimated 2022 losses: -$80 billionNet worth: $106.8 billion as of Dec. 272. Mark ZuckerbergTitle: Co-founder, Meta Platforms (Facebook's parent company)Estimated 2022 losses: -$78 billionNet worth: $42.7 billion as of Dec. 273. Larry PageTitle: Co-founder and board member, GoogleEstimated 2022 losses: -$40 billionNet worth: $76.8 billion as of Dec. 274. Phil KnightTitle: Chair, NikeEstimated 2022 losses: -$18.3 billionNet worth: $45.2 billion as of Dec. 275.

☆ Estée Lauder Companies is buying Tom Ford in a deal worth $2.8 billion
▼ + stars: | 2022-11-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

In a landmark deal announced Tuesday, Estée Lauder Companies (EL) said it was acquiring its longtime partner Tom Ford. The deal will allow two of Tom Ford’s current partners, Ermenegildo Zegna and Marcolin, to extend their existing licensing agreements, the companies said. Marcolin will continue making sunglasses and optical frames with the Tom Ford brand. Tom Ford and Estée Lauder have been partners for more than 15 years, launching the Tom Ford Beauty brand together in 2006. Estée Lauder Companies, which is home to other global beauty brands such as Clinique and Bobbi Brown, said Tuesday that it expected annual sales of Tom Ford’s cosmetics line to reach $1 billion “over the next couple of years.”“As an owned brand, this strategic acquisition will unlock new opportunities and fortify our growth plans for Tom Ford Beauty,” Estée Lauder Companies President and CEO Fabrizio Freda said in a statement.

☆ Inside the world of designer Tom Ford, set to become a billionaire in $2.8 billion Estée Lauder buyout
▼ + stars: | 2022-11-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: 1 min

Estée Lauder and Tom Ford have inked the luxury industry's biggest deal of 2022 in a $2.8 billion buyout of the American designer's eponymous brand. "I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand, " Ford said when the deal was announced this week. Tom Ford attends the 2018 Hammer Museum Gala In The Garden in Los Angeles, California. Michael Tran/FilmMagic

"We will definitely work all out to adjust our production capacity and output, so there is no impact on demand for these two holidays," Liu said. On Wednesday, Foxconn said it would continue production in Zhengzhou under a "closed loop" system, where staff live and work on-site in a bubble isolated from the wider world. "Of course there may be other factors that require the reconfiguration of production capacity, such as geopolitics," Liu said. Having said on Monday it would "revise down" its fourth quarter outlook given the situation in Zhengzhou, Foxconn said revenue in the final three months of this year would be flattish. read moreReuters last month reported that Foxconn's production of Apple's iPhones at the Zhengzhou factory could slump by as much as 30% in November due to tight COVID-19 restrictions.

[1/5] A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," it said in a statement. Apple, which began selling its iPhone 14 range in September, said customers should expect longer waiting times. It has iPhone production sites in India and southern China, but its biggest is in the city of Zhengzhou in the eastern Chinese province of Henan.

☆ Here's how the Fed's rate hike can move markets and whether to expect a central bank pivot
▼ + stars: | 2022-11-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That bank thinks the Fed is going to skirt any talk of a pivot, and opt for continued rate hikes albeit at a slower pace. Goldman Sachs listed three reasons the Fed will carry on with rate hikes:US inflation will remain "sticky" so a pivot won't be justified. Keeping rate hikes going until March 2023 will set up the central bank for a future pivot. US stock futures rise early Wednesday, as eyes turn toward the Fed's rate hike decision later today. Here's what you want to know about the 1920 rule that's still moving markets more than a century later.

☆ Actress Elizabeth Hurley says cancer awareness now 'more vital than it's ever been'
▼ + stars: | 2022-02-03 | by ( Tania Bryer | ) www.cnbc.com time to read: +6 min

So, if anything, this World Cancer Day this year in 2022 is more vital than it's ever been." Hurley was speaking to "CNBC Meets" in her role as global ambassador for The Estée Lauder Companies' Breast Cancer Campaign, ahead of World Cancer Day on Feb. 4. Both women and men can be diagnosed with breast cancer which has now overtaken lung cancer as the most commonly diagnosed cancer in the world. The Breast Cancer Campaign and The Estée Lauder Companies Charitable Foundation have since provided over $108 million toward "global research, education and medical services." They're talking about fundraising, they're talking about treatments, they're talking about diagnosis, they're talking about aftercare if you've been diagnosed, how should people be treated, what can we do to help?"

☆ Anthony Gonzalez snags GoodRx, Marie Newman sells Moderna, Gary Peters buys fossil fuel burners
▼ + stars: | 2021-04-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.

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