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☆ Stocks making the biggest moves midday: General Motors, Stellantis, Planet Fitness, Adobe and more
▼ + stars: | 2023-09-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Nucor — The steelmaker fell 6.1% after offering worse-than-expected guidance for third-quarter earnings, with the company pointing to pricing and volume challenges. Core & Main — The infrastructure stock retreated 4.1% a day after it announced a secondary stock offering. The bank said Apellis has a favorable risk/reward ahead of third-quarter earnings. The Wall Street firm said the resumption of loan repayments introduce bookings risk to food delivery. The Wall Street firm said its pessimistic outlook was changing despite recent underperformance in the reinsurance space.

Persons: Stellantis, Chris Rondeau, Rondeau, Craig Benson, Nucor, Raymond James, Needham, Charles Shi, Lam, Goldman Sachs, Apellis, MoffettNathanson, Estée Lauder, Goldman, Yun Li, Jesse Pound, Samantha Subin, Pia Singh, Brian Evans, Lisa Kailai Han Organizations: UAW, General Motors Wentzville, General Motors, Ford, United Auto Workers began, Workers, CNBC, LSEG, PTC Therapeutics, Medicines Agency's, Medicinal Products, Arm, Investment, Bloomberg News, Apple, Dexcom, ASML Holding, Lam Research, Taiwan Semiconductor, Adobe, Bank of America, JPMorgan, Apellis Pharmaceuticals, Waste Systems Locations: Wentzville , Missouri, New Hampshire, Wells, underperform

☆ Here are Friday's biggest analyst calls: Apple, GM, Amazon, Zoom, Arm, Rivian, Ford, Deere & more
▼ + stars: | 2023-09-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

HSBC initiates Zoom as buy HSBC said Zoom is the leader in video conferencing. HSBC initiates Deere as buy HSBC said in its initiation of Deere that it sees "upside in the cycle." HSBC initiates Salesforce as buy HSBC said in its initiation of the stock that it's a "margin expansion story." HSBC initiates Snowflake as buy HSBC said Snowflake is well positioned for AI. HSBC initiates Oracle a buy HSBC said in its initiation of Oracle it likes the company's cloud platform.

Persons: Morgan Stanley, Rivian, it's, TD Cowen, Needham, Piper Sandler, Piper, KEY's, Lauder, Redburn, Wolfe, Goldman Sachs, Goldman, Casella, Zoom, Snowflake, Northcoast, Apple, Salesforce, Ford Organizations: Bank of America, underperform Bank of America, HSBC, Anheuser, Busch InBev, UBS, WWE, UFC, Systems, Moffett, Deere, Oracle, of America, Amazon, Apple, Lenovo, Adobe, General Motors, Ford, GM, UAW Locations: Americas, 2H23, North America, U.S, China

☆ My Favorite Primer Is Like a Magic Eraser for Fine Lines
▼ + stars: | 2023-09-11 | by ( Lisa Lombardi | ) www.wsj.com time to read: +3 min

I like to keep my beauty routine super simple, so my take always was: But it’s an extra step! The best part came next: My usual foundation glided on top of the primer and almost hovered above my skin without sinking into my (let’s call them fine) lines. I love that the primer solves an annoying beauty problem: foundation drying on the skin and turning cakey as the day goes on. (Or explore new entries to the line, Vitamin Enriched Skin Tint With SPF 15 and Pressed Powder, which are on my shopping to-do list.) But if you have normal or dry skin and want your makeup to last and not turn too matte, it’s a real find.

Persons: Lisa Lombardi, hadn’t, Bobbi Brown’s, shea, Barbara Sturm, Bobbi Brown, I’m, Estée Lauder, you’re

☆ Cramer: These things could soon break the bulls' way, plus 4 stocks to buy
▼ + stars: | 2023-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

If you don’t know a soul that is bullish — and I mean flat-out positive — you may need some new friends. I say I am a naked opportunist and I feel naked and alone right now in saying we might have a bunch of things that could break the bulls' way. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: —, We’ve, sotto, Shawn Fain, Leon Trotsky, Fain, Lululemon, LULU, Robert Bradway, Amgen, Lina Khan, Khan, Trump, Estee Lauder, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Federal Reserve, Softbank's Arm Holdings, United Auto Workers, UAW, Federal Trade, Activision Blizzard, Horizon Therapeutics, FTC, Apple, GE HealthCare, Disney, Bausch Health, Honeywell, Jim Cramer's Charitable, CNBC, NYSE Locations: Russian, U.S, Wells

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

☆ Get Ready for the New Gucci, and Other Surprises of the Fashion Season
▼ + stars: | 2023-09-05 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

After seasons of relative calm and predictability (some might say stultifying sameness), Milan has become the city to watch, with the two debuts of the season. First up: Sabato De Sarno at Gucci. Then there’s Peter Hawkings, another longtime deputy, who became the creative director of Tom Ford in April after the brand was sold to Estée Lauder and Mr. Ford stepped down. Mr. Hawkings worked beside Mr. Ford for decades, and judging by his official portrait, is very much in the mold of his mentor (down to the tinted aviators). The result is pretty much guaranteed to remind of us what we lost when we lost the very talented Mr. Moschino at only 44 in 1994 and why brand founders really matter.

Persons: Sabato De Sarno, Gucci, Valentino, Alessandro Michele, Peter Hawkings, Tom Ford, Estée Lauder, Ford, Hawkings, Jeremy Scott, — Katie Grand, Carlyne Cerf, Dudzeele, Gabriella Karefa, Johnson, Lucia Liu —, Moschino Organizations: Mr Locations: Milan

☆ The Club had a busy week of trades as the stock market recovered. Here's a run-down
▼ + stars: | 2023-09-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

The Club purchased 100 shares of Estee Lauder, at $154.11 each, bringing Estee Lauder's weighting in the portfolio to 2.32%, up from from 1.77%. The Club purchased 145 shares of GE HealthCare Technologies (GEHC), at $68.75 apiece, bringing its portfolio weighting to 2.66%, up from from 2.31%. The Club purchased 120 shares of Walt Disney (DIS), at $83.61 apiece, increasing its portfolio weighting to 3.89%, up from 3.55%. With the stock down nearly 6% midmorning Friday, the Club added 17 more shares , at $870.85 each, increasing the company's portfolio weighting to 2.02%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Estee Lauder, Walt Disney, Bob Iger's, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Club, The, Devices, Broadcom, AMD, Nvidia, The Club, GE HealthCare Technologies, Management, Walt, Starbucks, Emerson Electric, Emerson, VMWare, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Here's, China, U.S, New York City

And, in the meantime, our China-focused names are poised to ride out the storm, while finding alternate routes to growth. Beyond the housing-sector woes, manufacturing activity is shrinking, a youth unemployment crisis is a ballooning, and consumer spending remains sluggish. With these macroeconomic headwinds holding back growth for some of the Club's key holdings, here's why we're sticking with these China-exposed names — and how each is responding. 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 .

Persons: Jim Cramer, Lauder, Estee Lauder, we're, Tim Cook, That's, Bernstein, WYNN, Wynn, Stifel, Jim Cramer's, Jim, Yan Daming Organizations: Wall, Research, CNBC, Big Tech, Starbucks, Wynn Resorts, WYNN, Wynn, Visual China, Getty Locations: China, Beijing, Asia, Pacific, Hainan, India, Taiwan, Hong Kong, Americas, Europe, U.S, Macao, Wynn, Nanjing, Shanghai

☆ ‘Cosmology’: The Japanese skincare range designed for astronauts
▼ + stars: | 2023-08-30 | by ( Christy Choi | ) edition.cnn.com time to read: +2 min

CNN —When Japanese astronaut Kimiya Yui heads to the International Space Station (ISS) next year, he will have two new skincare items in his bag that are especially designed for the rigors of space travel. The face wash and lotion are part of a “Cosmology” line unveiled on Monday by Japanese cosmetic company POLA and ANA Holdings, the parent company of All Nippon Airways. The products were created after the Japanese Aerospace Exploration Agency (JAXA) called for skincare solutions that could be used in the resource-scarce, low-gravity and extremely dry conditions of outer space. The products are not the first cosmetics to head to outer space. Japanese astronaut Kimiya Yui will bring the Cosmology skincare products to the International Space Station in 2024.

Persons: Kimiya Yui, POLA, Joan Higginbotham, Estée Lauder, ”, Miki Oikawa Organizations: CNN, International Space, ANA Holdings, All Nippon Airways, Japanese Aerospace Exploration Agency, JAXA, NASA, International Space Station, ANA Locations: POLA, Tokyo

☆ Walmart's corporate employees are getting a generative AI assistant while Amazon and Apple are restricting AI in the workplace
▼ + stars: | 2023-08-30 | by ( Grace Mayer | Aaron Mok | ) www.businessinsider.com time to read: +5 min

The retailer is embracing AI while other companies limit employees' use of AI in the workplace. It's one of many generative AI tools the company has already employed across to its 50,000 corporate employees. Walmart's provision of generative AI tools to its office workers is one of the ways the big box retailer seeks to integrate AI across the company. In-stores, Walmart employees can turn to an "Ask Sam" voice assistant to help them locate items. AdvertisementAdvertisementWhile some major US companies are torn on whether to embrace generative AI, others are introducing AI into their businesses with caution.

Persons: Donna Morris, Emerging Technologies Cheryl Ainoa, Sweta Patel, Sam, Doug McMillon, McMillon, Goldman Sachs, Estée Lauder, ChatGPT Organizations: Walmart, Service, Apple, Samsung, New Business, Emerging Technologies, Accenture, Tech, Meta, Netflix, ChatGPT Locations: Wall, Silicon

☆ 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

☆ Hurricanes could drive gas prices, and inflation, higher
▼ + stars: | 2023-08-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That’s potentially bad news for gas prices. What’s happening: Gas prices are already at $3.82 a gallon. Geopolitical tensions have been supporting high oil and gas prices for some time. In 2005, for example, gas prices surged by 46% between Memorial Day and Labor Day because of the landfall of Hurricane Katrina, according to Bespoke. “Energy prices have been a major contributor to persistently high inflation in the US, so the crude oil price will remain a watch-out factor for future inflation.”High oil and gas prices are one of the largest contributing factors to inflation.

Persons: “ Idalia, ”, Louis Navellier, Andrew Woods, OpenAI, Catherine Thorbecke, Estee Lauder, CNN’s Gregory Wallace Organizations: CNN Business, Bell, New York CNN, Labor, Nasdaq Advisory Services Energy Team, Navellier, Investment, Citigroup, Day, Federal Reserve, “, Exxon Mobil, BP, Chevron, Fortune, CNN, The New York Times, Reuters, Disney, Bloomberg, The Washington Post, ABC News, ESPN, American Airlines, Airlines, Department of Transportation, Fort Worth Locations: New York, Florida, China, Russia, Saudi Arabia, Ukraine, The, Texas, Dallas, American

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

☆ 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

☆ Jim Cramer: This is my thinking behind Monday's buys of two very unloved stocks
▼ + stars: | 2023-08-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

We have waited for Estee Lauder (EL), too. Estee Lauder is a huge employer in China and a favored one. Estee Lauder remains a great answer for them. Disney and Estee Lauder are battles and we have waited until our adversaries seem spent and the time is right. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jeff Marks, we've, that's, Estee Lauder, —, Bob Iger, Estee's Fabrizio Freda —, Iger, Freda, Xi, Gina Raimondo, Monday, Wang Wentao, Lauder, It's, Jim Cramer's, Jim Cramer, Jim, Disney Bob Iger, Kevin Dietsch Organizations: Disney, ESPN, Hulu, NBC, Comcast, DIS, Fox, Netflix, Apple, Federal Trade Commission, Paramount, Warner Brothers Discovery, Hollywood, United State, Cosmetics, U.S, Commerce, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley Conference, Getty Locations: Hulu —, China, United, Hainan, South Korea, Iger, Sun Valley , Idaho

☆ This life-sciences leader continues to demonstrate a nimble M&A strategy
▼ + stars: | 2023-08-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Equities rise Watch Danaher's portfolio A flurry of trades 1. 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, Jerome Powell's, Danaher, Estee Lauder, Walt Disney, Jim Cramer's, Jim Organizations: CNBC, Federal, Treasury, West Texas, Micro Devices, Broadcom, GE HealthCare Technologies, Starbucks, Jim Cramer's Charitable Locations: Jackson Hole , Wyoming, Danaher

☆ OpenAI launches ChatGPT Enterprise, the company's biggest announcement since ChatGPT's debut
▼ + stars: | 2023-08-28 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

OpenAI on Monday announced its biggest news since ChatGPT's debut: It's launching ChatGPT Enterprise, the AI chatbot's business tier, available starting Monday. ChatGPT Enterprise includes access to GPT-4 with no usage caps, performance that's up to two times faster than previous versions, and API credits. One key differentiator between ChatGPT Enterprise and the consumer-facing version: ChatGPT Enterprise will allow clients to input company data to train and customize ChatGPT for their own industries and use cases, although some of those features aren't yet available in Monday's debut. When asked how ChatGPT Enterprise compares with Bing Chat Enterprise, Microsoft's enterprise AI chatbot, an OpenAI representative told CNBC, "This is an OpenAI product independent of Microsoft. The biggest obstacle to ChatGPT Enterprise's development was figuring out how to prioritize features, Lightcap told CNBC.

Persons: OpenAI, Brad Lightcap, Lightcap, Estée Lauder Cos, Andreessen Horowitz, Brian Burke, ChatGPT, Bard chatbot, Bing, Claude 2, Sam Altman, — Organizations: Monday, ChatGPT, CNBC, ChatGPT Enterprise, Beta, Microsoft, Sequoia Capital, Gartner, Fortune, Google

☆ We are exiting one position and buying more of 4 stocks in this oversold market
▼ + stars: | 2023-08-28 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

We are exiting our position in Advanced Micro Devices (AMD) Monday, selling 265 shares, at roughly $102.35 apiece. This is consistent with the S & P Oscillator reading that the market is oversold (minus 5.25%) as of Friday's close. Estee Lauder With our purchase of Estee Lauder, we are upgrading shares back to a 1. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

Persons: Estee Lauder, Jim Cramer's, Hopper, We've, Bob Iger, Jim Cramer, Jim Organizations: Micro Devices, Disney, GE Healthcare, Starbucks, Devices, Broadcom, AMD, ARM, Nvidia, VMware, Management, Jim Cramer's Charitable, CNBC, daimaru, Getty Locations: China, North America, Nanjing, Shanghai

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC & more
▼ + stars: | 2023-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by it's buy rating after Nvidia's strong earnings report on Wednesday. Stifel upgrades Nvidia to buy from hold Stifel upgraded the stock after its strong earnings report Wednesday. Bank of America upgrades Williams-Sonoma to neutral from underperform Bank of America said that the downside scenario is now "off the table" for Williams-Sonoma. Bank of America downgrades Vizio to underperform from buy Bank of America double downgraded the stock on concerns about a weakening consumer. Bank of America downgrades Peloton to neutral from buy Bank of America said it sees "limited visibility on growth initiatives" for Peloton .

Persons: Needham, Rivian, it's, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Wedbush, Johnson, Splunk, Raymond James, Piper Sandler, Piper, Wolfe, Charles Schwab, Bernstein, Estee Lauder, Snowflake, Rosenblatt, Read Organizations: Nvidia, Center, Stifel, AMC, Bank of America, underperform Bank of America, Williams, Sonoma, Vizio, Johnson, Prudential, DFS, ADI Locations: CY2024, Williams, Sonoma, Snowflake

☆ Bath & Body Works sees steeper sales drop on slowing demand
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Products are displayed in L Brands Inc., Bath & Body Works retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Brendan McDermid Acquire Licensing RightsAug 23 (Reuters) - Bath & Body Works (BBWI.N) on Wednesday warned of a steeper decline in annual sales as Americans deferred purchasing its pricier home fragrances and personal care products amid still-high inflation pinching household budgets. Shares of the Ohio-based company fell about 2% in premarket trading after the retailer forecast current-quarter sales and profit below Street expectations. Bath & Body Works now expects annual net sales to decline between 1.5% and 3.5%, compared with its previous forecast of flat net sales to a mid-single-digit percentage decline. It also raised its annual profit forecast to adjusted earnings per share now expected to range between $2.80 and $3.10, compared with $2.68 and $3.08 previously expected.

Persons: Brendan McDermid, Estee Lauder, Juveria Tabassum, Shweta Agarwal Organizations: Brands Inc, Body Works, REUTERS, Body, Thomson Locations: Manhattan , New York, U.S, Ohio

Raw material and freight costs have eased from pandemic-era highs, but a tight labor market is exacerbating the drag of persistent inflation on production costs. This overshadowed Coty's quarterly revenue beat despite customers splurging on its high-end and affordable fragrances and cosmetics, ranging from Hugo Boss to Gucci. The company reported a quarterly adjusted profit of 1 cent per share, missing estimates of 2 cents, according to Refinitiv data. Coty forecast 2024 adjusted profit between 44 cents and 47 cents per share. Rival Estee Lauder (EL.N) had also provided downbeat annual forecasts, hurt by frail recovery in travel retail and slowing U.S. demand.

Persons: Andrew Kelly, Hugo Boss, Gucci, Laurent Mercier, Mercier, Estee Lauder, Javier Gonzalez Lastra, EL.N, Juveria Tabassum, Ananya Mariam Rajesh, Pooja Desai Organizations: Coty Inc, REUTERS, Coty, Reuters, L'Oreal, Tema, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Will Chinese deflation help cure the West’s inflation problem?
▼ + stars: | 2023-08-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The Chinese economy has hit a rough patch. What’s happening: Chinese consumer spending, factory production and investments in long-term assets like property or machinery all slumped last month. On Monday, the Chinese government surprised investors by deciding not to cut an important interest rate that influences mortgages. The beauty company is “mindful of the headwinds that have emerged in China’s economy,” said the report. And even still, many regional banks have struggled to prevent deposit outflows.

Persons: ”, Jason Pride, Michael Reynolds, Lisa Shalett, Edward Moya, Estee Lauder, Moya, “, Elisabeth Buchwald, Moody’s, ‘ Barbie ’, “ Barbie ”, Jordan Valinsky, Greta Gerwig, “ Oppenheimer, “ Barbie Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Morgan Stanley Wealth Management, European, Apple, Intel, Ford, Starbucks, Nike, Saudi, Comerica Inc, National Bancorp, UMB Financial Corp, Bank of New York Mellon, State, Northern Trust, & $ Locations: New York, China, Europe, Beijing, Asia, Russia, Saudi Arabia, Silicon

☆ Palo Alto Networks CEO warns companies need modern, integrated cybersecurity: 'the bad actors are moving faster'
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Palo Alto Networks CEO Nikesh Arora told CNBC's Jim Cramer on Monday that companies need integrated, modernized cybersecurity systems in order to protect themselves from "bad actors" who are getting faster at gaining access to sensitive information. Arora said the problem isn't that companies lack cybersecurity vendors. "It's important for us to make sure we're ready to deflect the stuff in hours, not in days," Arora continued. Palo Alto Networks' stock was up nearly 15% by Monday's close, likely driven by a Friday after-hours earnings report that showed the company's revenue increased 26% compared with the year-ago quarter. Palo Alto Networks' revenue came in at $1.95 billion, slightly below $1.96 billion consensus estimates, according to Refinitiv.

Persons: Nikesh Arora, CNBC's Jim Cramer, Arora, Estee Lauder, Monday's Organizations: Palo Alto, Securities, Exchange Commission, SEC, Alto Networks, Palo Alto Networks Locations: Freeport

☆ Why you have to walk so far to your gate at the airport
▼ + stars: | 2023-08-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

Eduardo Munoz/ReutersTreks at the airport have been getting worse ever since security changes were implemented after the September 11, 2001, attacks. In Newark, Chicago and other cities’ airport terminals, moving walkways have been removed to make room for more shops and restaurants. Some new airport terminals have recently opened without moving walkways. The airport is now building a tunnel to shorten the walk from security to the concourse. So, are people missing flights now because they have to walk so far?

Persons: Chanel, Estée Lauder, Auntie Anne’s, Larry Summers, Eduardo Munoz, ”, Henry Harteveldt, Alexander Thome, Stefani Reynolds, ” Harteveldt, Wilson Rayfield, Gresham Smith, Patrick T, Fallon Organizations: New, New York CNN, Hudson News, Starbucks, Reuters, Atmosphere Research, Airports, Getty, Gresham, Dallas, Los Angeles International Airport, Harbor, Orlando International, International Airport Locations: New York, LaGuardia, Newark , Chicago, AFP, monorails, United States, Dallas Fort Worth, Salt Lake

Megacap technology-related growth stocks dipped, with Alphabet (GOOGL.O) and Tesla (TSLA.O) falling, as investors fretted that interest rates could stay higher for longer. The tech-heavy Nasdaq (.IXIC) posted the biggest weekly decline of the three major indices. The Dow Jones Industrial Average (.DJI) rose 34.29 points, or 0.10%, to 34,510.38. The S&P 500 energy index (.SPNY) rose, with Exxon Mobil (XOM.N) among leading gainers. Shares of cryptocurrency firm Coinbase Global (COIN.O) fell and Riot Platform (RIOT.O) tumbled as bitcoin hit a two-month low.

Persons: Jason Reed, Estee Lauder, Jerome Powell, Nvidia's, Michael Reynolds, Amruta Khandekar, Saeed Azhar, Maju Samuel, David Gregorio Our Organizations: U.S . Federal, REUTERS, Federal, Nasdaq, Nvidia, Dow Jones, Walmart, Exxon Mobil, Treasury, Thursday, Hawaiian, Coinbase, Thomson Locations: Washington, Bengaluru, New York

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