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Rising interest rates have caused corporate bond yields to increase significantly in Europe and the U.S. —with major implications for companies with large amounts of debt. "As interest rates continue to rise, corporate bond yields may see further upward pressure, we think that stocks with low debt exposure and a higher quality of debt should outperform," analysts from investment bank Bernstein said in a note to clients on Jan. 19. Additionally, investors tend to gravitate toward lower-debt stocks during recessions, as they become less risky due to their ability to cover higher interest payments from their earnings without borrowing additional funds at much interest rates, the analysts said. Multinational Dutch conglomerate Koninklijke had the largest potential upside of 27% among the stocks on the list. All the stocks listed, including Publicis , LVMH , and L'Oreal , are accessible to U.S. investors as ADRs on U.S. exchanges and over-the-counter markets.
Sarah Ashcroft started her blog in 2013 after trying to land a job in fashion public relations. Since then, Ashcroft has taken her influence and turned it into a clothing line called SLA the Label, which launched in 2019. In 2022, that number jumped to $3.5 million (2.9 million pounds). "It's just amazing how something so simple has just grown so big," said Ashcroft, 28, who has more than 1.4 million followers across social media. During her job hunt, employers frequently asked her whether she had a fashion blog, Ashcroft said, because they were looking for someone with a fresh understanding of blogging.
When shopping for products to help address issues like under-eye puffiness, dark circles and fine lines, it’s important to buy items specifically designed for the under-eye area, said Dr. Karen Burke, a board-certified dermatologist and research scientist. According to the medical experts we consulted, under-eye patches work by targeting dark circles, crow’s feet, wrinkles and fine lines. The best under eye patches and masks of 2023Below are a handful of expert-recommended under-eye patches that are formulated to nourish the under-eye area. The experts we spoke to gave these eye patches a thumbs up when it comes to combating puffiness thanks to a cooling cucumber extract. These under-eye patches can be reused up to 10 times, according to the brand.
Every year, the biggest brands in tech make their way to Las Vegas for the Consumer Electronics Show, or CES. TelevisionRoku, one of the top streaming platforms for smart TVs, announced that it is releasing its own Roku-branded televisions. Now, Roku will be launching its own brand, with Roku Select and Roku Plus TVs, alongside a Roku TV Wireless Soundbar. TCL, a top smart TV brand, is rebranding and overhauling its TV lineup. Now, all of its smart TVs will fall into two groups: the higher-end Q-Series and the budget-friendly S-Series.
French cosmetics giant L’Oreal unveiled a new handheld makeup applicator called HAPTA at this year’s the Consumer Electronics Show (or CES) in Las Vegas, that aims to assist people with limited mobility or tremors to apply makeup independently. L'Oreal unveiled its HAPTA device at CES 2023. L’Oreal debuted another invention at CES called Brow Magic, a handheld electronic eyebrow makeup applicator to create customized brow shapes. L'Oreal's Brow Magic device L'OrealAfter brushing a Brow Magic primer through brows, users move the printer across the eyebrow in a single motion. Balooch said Brow Magic should also hit the market at the end of 2023, priced between $150 and $200.
The makeup giant L'Oréal announced a handheld, computerized lipstick applicator. On Wednesday, at the annual Consumer Electronics Show in Las Vegas, L'Oréal unveiled a handheld, computerized makeup applicator called Hapta. Now, Balooch said the makeup world was approaching a revolution in technology that could help many with disabilities. Hapta is essentially a miniature robotic arm that helps users stabilize a tube and apply lipstick. L’OréalOver the past few years, Balooch said, L'Oréal engineers have been working to make the company's packaging easier to open for people with disabilities.
European shares slip as COVID surge in China weighs
  + stars: | 2022-12-29 | by ( ) www.reuters.com   time to read: +1 min
The region-wide STOXX 600 (.STOXX) fell 0.4%. China-exposed luxury firms such as LVMH (LVMH.PA) and Richemont (CFR.S) weighed on the European index in early trading. Energy stocks (.SXEP) fell 0.6%, while miners (.SXPP) dipped 0.3%, tracking weakness in commodity prices. Consumer staples such as Nestle (NESN.S) and L'Oreal SA (OREP.PA) fell 1.2% and 0.5%, respectively. Reporting by Bansari Mayur Kamdar in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.
Her pricing starts at $995 for a consultation and help from conception to delivery of the vows. I offer help with vow creation and delivery, officiant services, speeches and toasts, ceremony planning, and public speaking. I consult with couples on how to creatively and lovingly write their vows in their own wordsPushkine marrying Dan and James. One cute story involved a lovely couple who had identical vowsThey had the exact same memories and vows, almost word for word. Once I was hired to help a couple with their vows and marry themIt was lovely working with them.
This could change after negotiators at the U.N. nature summit in Montreal secured long-awaited formal support on Monday for a Global Biodiversity Framework to protect nature. Just 907.6 million euros are invested in Morningstar’s top 10 equity funds with biodiversity in their name. "We know the global economy and every company in it is negatively impacting biodiversity," said Tom Atkinson, portfolio manager at AXA Investment Managers, which has a 117 million euro Article 9 biodiversity impact fund. "At the moment we can only assess the negative impact (on biodiversity) of the companies in our portfolio, this is why more biodiversity funds don't exist and why regulation is arguably dragging." Three of the six largest biodiversity-named funds assessed by Reuters are overweight industrials versus the MSCI ACWI Index (USD).
Some advertisers' campaigns on Netflix's new ad-supported tier have fallen significantly short of expectations. The streamer was aggressive in signing on advertisers but didn't market the tier with viewers before launch. One month into Netflix's launch of a cheaper, ad-supported tier, it's running into some growing pains. Netflix is letting advertisers take money back after some ad campaigns fell short of their viewer targets, with some delivering around 70% of their estimated targets while others hit as little as half that, according to multiple ad agency execs. Netflix estimated the ad tier would have 40 million viewers by late 2023, the Wall Street Journal reported.
Revenue: $26.52 billion versus $26.38 billion expected. Revenue: $23.48 billion versus $23.13 billion expected. Oppenheimer raises Club holding Estee Lauder (EL) price target to $245 per share $230. Bofa also likes the deal and thinks it will give Estee Lauder $800 million to $1 billion in sales. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Maven, the women and family health startup, has raised $90 million in a new fundraising round, and in a tough environment for venture funding. Maven reached unicorn status last August in a $110 million round right before the bottom dropped out of the tech sector. Maven has benefitted from greater focus on women's health, particularly since the Supreme Court overturned Roe V. Wade. Global family benefits growth and Medicaid are two areas that Maven is prioritizing with the new funding. The family benefits will build off of the virtual platform that grew during Covid and include new features for Maven Wallet, the company's financial reimbursement platform.
Singles Day growth this year had been widely predicted at flat to low single digits. Alibaba did not respond to requests for comment on its decision to avoid releasing figures on the 11-day sales event ended that ended on Friday. [1/4] A delivery worker sorts parcels at a makeshift logistics station ahead of Alibaba's Singles' Day shopping festival, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 10, 2022. REUTERS/Aly Song 1 2 3 4Consultancy Syntun on Saturday estimated Alibaba and other Chinese e-commerce firms holding Singles Day shopping events together logged 934 billion yuan in sales, up 2.9%. The company's Tmall marketplace offered Singles Day deals on more than 17 million products, 3 million more than last year, with a record-matching 290,000 brands participating.
[1/2] A delivery worker wearing a protective mask rides an electric scooter across a street ahead of Alibaba's Singles' Day shopping festival, following a coronavirus disease (COVID-19) outbreak in Shanghai, China, November 10, 2022. Alibaba said Singles Day sales were in line with last year, when gross merchandise value rose 8.5%, the lowest since the company started the shopping event in 2009. For the first time, Alibaba did not announce sales data this year. Alibaba rival JD.com said that in the 28 hours from 8 p.m. on Oct. 31, Chinese brands accounted for 80% of the sales of the top 20 brands. ($1 = 7.1066 Chinese yuan renminbi)Reporting by Sophie Yu, Brenda Goh; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
[1/4] A delivery worker sorts parcels at a makeshift logistics station ahead of Alibaba's Singles' Day shopping festival, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 10, 2022. REUTERS/Aly SongSHANGHAI, Nov 11 (Reuters) - Alibaba Group Holding (9988.HK) and other Chinese e-commerce firms holding Singles Day shopping events together logged a 4.7% decline in sales for the first 12 hours of the final day, a research firm said. Citi analysts said this week they were conservatively forecasting Alibaba's GMV for the event to range between 545 billion yuan and 560 billion yuan ($75 billion-$77 billion), growth of 0.9% to 3.6%. Yang Zengdong, 40, a teacher in Shanghai, said she had second thoughts about participating in Singles Day at all this year, but when the final sales period started on Thursday evening, she ended up purchasing about the same amount as last year. "I think it's something deep in the mind of Chinese people that if you don't buy on Singles Day, you are missing out on an opportunity," she said.
Ordergroove makes software that brands and retailers use to sell their products via subscriptions. Ordergroove helps brands build long-term rapport with customers through subscriptions and memberships. "When I started Ordergroove, there were three retailers at the time doing subscriptions: Amazon, QVC, and Petco," Alvo said. 'We just want our customers to be successful'The needs of Ordergroove's customers have changed in recent decades. Recharge similarly sells subscription management software and has raised $277 million in venture funding since it was founded in 2014.
Nov 9 (Reuters) - Michael Kors-owner Capri Holdings Ltd (CPRI.N) on Wednesday lowered its sales and profit forecasts for the holiday period, blaming a slow demand recovery in China due to persistent COVID-19 curbs and uncertainty about the global economy. Luxury goods companies have managed to pass on higher costs to affluent shoppers, but China remains a sore spot as Beijing's "dynamic zero-COVID" policy hampers the return of consumers to high-fashion stores. COVID disruptions in China have also weighed heavily on Kering's (PRTP.PA) Gucci, Canada Goose Holdings (GOOS.TO) and L'Oreal (OREP.PA). Capri, which also owns Versace and Jimmy Choo, cut its holiday-quarter sales forecast to $1.53 billion, from $1.65 billion, and lowered its profit forecast to $2.20 per share from $2.45 per share. It forecast fiscal 2023 revenue of $5.70 billion, compared with its prior estimate of about $5.85 billion.
Shares in the company rose about 4% in premarket trading, after having fallen 34% this year. In fact, consumers are trading up from lower-priced consumer beauty labels to its prestige division, she said. The beauty category is "more resilient than ever", Nabi said, after Coty reiterated its annual profit forecast. Excluding items, the company earned 15 cents per share, surpassing estimates of 11 cents, according to IBES data from Refinitiv. Its net revenue rose 1% to $1.39 billion in the first quarter ended Sept. 30, compared with estimates of $1.37 billion.
Netflix launched its ad-supported tier in the US on November 3. The new ad-supported tier does not have the full Netflix catalog and will offer video quality up to 720p. NetflixThe ad-supported tier is initially offered in 12 countries, beginning with Canada and Mexico on November 1. Netflix has been pitching advertisers with aggressive pricing, according to advertisers briefed by Netflix. Advertisers said they expect prices to drop after Netflix's ad-supported tier launches, as has been typical with other streaming services like NBCUniversal's Peacock.
Factbox: Advertisers react to Twitter's new ownership
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
Nov 3 (Reuters) - Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted "I hate advertising". General Motors Co (GM.N)The largest U.S. automaker temporarily paused paid advertising on Twitter after Musk completed his takeover of the social media company. The Detroit automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership." The Interpublic Group of Companies Inc (IPG.N)The global advertising and marketing services firm recommended that its clients temporarily pause their advertisements on Twitter, The Wall Street Journal reported. Compiled by Alberto Chiumento, Philipp Krach and Antonis Pothitos; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Elon Musk spoke on Thursday with more than 100 advertisers and ad agency executives in a virtual meeting to reassure them that Twitter will remain safe to advertise on, following his takeover. The Washington Post reported earlier this week that Musk's Twitter is working on a paid-for video feature, in which creators could charge viewers for access. One advertising executive who met with Musk earlier this week said Musk "said all the right things" on the topic of brand safety. Musk had also said that Twitter could be using its data in a more efficient way to improve results for advertisers. General Mills, Mondelez, Pfizer, and Audi all paused ads on Twitter, according to The Wall Street Journal.
L'Oréal denies report saying it suspended Twitter ad spending
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
Nov 2 (Reuters) - Cosmetics maker L'Oréal SA (OREP.PA) said it had not suspended advertising spending on Twitter, denying a Financial Times report from earlier on Wednesday that cited sources familiar with the matter. "L'Oréal did not make any decision to suspend advertising spending on Twitter," a company spokesperson told Reuters in an email. Last week, top U.S. automaker General Motors Co (GM.N) said it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. Musk said in an open letter to advertisers last week that he wanted Twitter to be "the most respected advertising platform in the world." At a presentation for advertisers in May, some ad agencies and brands were already skeptical about Twitter's future.
L'Oréal suspends advertising spending on Twitter -FT
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: 1 min
Nov 2 (Reuters) - Cosmetics maker L'Oréal SA (OREP.PA) has suspended advertising spending on Twitter, the Financial Times reported on Wednesday, citing sources familiar with the matter. The social media platform was acquired by billionaire Elon Musk last week for $44 billion after six months of twists and turns. Twitter and L'Oréal did not immediately respond to Reuters' requests for comment. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Nov 2 (Reuters) - Luxury parka maker Canada Goose Holdings Inc (GOOS.TO), cut its full-year revenue and profit forecast on Wednesday, with persistent COVID-related lockdowns and store closures in China hurting its business. The company did not disclose how much revenue it specifically earns from China, but said 20.3% of the revenue in the second quarter came from the Asia-Pacific region. Canada Goose cut its fiscal 2023 sales expectation to C$1.2 billion ($882.74 million)-C$1.3 billion, from C$1.3 billion-C$1.4 billion. The company earned second-quarter adjusted profit of 22 Canadian cents, on a revenue of C$277.2 million, beating analysts' estimates per Refinitiv data. ($1 = 1.3594 Canadian dollars)Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Nov 2 (Reuters) - Canada Goose Holdings Inc (GOOS.TO), trimmed its full-year revenue and profit forecast on Wednesday as its luxury parka sales in China take a hit from COVID-19-related restrictions. Cosmetics maker Estee Lauder (EL.N) on Wednesday also signaled a hit to sales from persistent lockdowns in China. Canada Goose cut its fiscal 2023 sales expectation to C$1.2 billion ($882.74 million)-C$1.3 billion, compared with its prior forecast of C$1.3 billion-C$1.4 billion. The luxury parka maker now expects fiscal 2023 adjusted profit to be between C$1.31 and C$1.62 per share, compared with its prior forecast of C$1.60 to C$1.90. However, the company earned second-quarter adjusted profit of 22 Canadian cents, on a revenue of C$277.2 million, beating analysts' estimates as per Refinitiv data.
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