(Reuters) -Ulta Beauty raised its annual sales and profit forecast after topping quarterly sales estimates on Thursday, banking on steady demand for makeup and skincare brands at its stores as well as lower inventory losses. Shares of the company were up 6% in trading after the bell. The company saw stronger store sales, fueled by…
By Suzanne McGee (Reuters) -AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded funds, a universe of speculative products that is likely to be tested by Nvidia’s Wednesday earnings. Companies that investors expect to benefit either directly or indirectly from the AI…
By Jonathan Stempel (Reuters) -Delta Air Lines agreed to pay $78.75 million to resolve a class action lawsuit over a 2020 fuel dump that doused tens of thousands of properties, including homes and schools, in Los Angeles and Orange counties in California. A proposed preliminary settlement was filed this week in Los Angeles federal court,…
Hurry! Enter these 2 trades by EOD Tuesday From $1.50 per share to $98.40 🤩 [sponsor] Today’s Breaking News Canada and allies to explore funding critical mineral projects, minister says BERLIN (Reuters) -Canada is working with its allies to potentially fund critical mineral transactions, similar to what the U.S. government did with MP Materials to diversify…
By David Lawder (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump’s tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September. Bessent told a White House Cabinet meeting that his prior estimate of a…
By Jody Godoy (Reuters) -The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version of its artificial intelligence chatbot last year. Adam Raine, 16, died…
By Howard Schneider and Ann Saphir (Reuters) -Federal Reserve Governor Lisa Cook, whose removal is being sought by President Donald Trump over allegations of misstatements on her mortgages, will seek court approval for her continued right to carry on in her role at the U.S. central bank, the Fed said on Tuesday. “Lisa Cook has…
By Riham Alkousaa BERLIN (Reuters) -Canada is working with its allies to potentially fund critical mineral transactions, similar to what the U.S. government did with MP Materials to diversify the supply chain from China, Energy and Natural Resources Minister Tim Hodgson told Reuters on Tuesday. The key target, Hodgson said, would be minerals subject to China’s…
Hurry! Enter these 2 trades by EOD Tuesday From $1.50 per share to $98.40 🤩 [sponsor] Today’s Breaking News LinkedIn deepens video ad push, taps more publishers and creators to spur growth (Reuters) -LinkedIn is expanding its video advertising program, adding new publishers and creator-led shows to draw marketing dollars.The Microsoft-owned platform for professionals said on…
By Diana Novak Jones (Reuters) -Kraft, Mondelez, Coca-Cola and several other major food companies on Monday succeeded in winning the dismissal of a lawsuit that accused them of designing harmful “ultra-processed” foods addictive to children. U.S. District Judge Mia Perez in Philadelphia granted the companies’ motion to dismiss after finding that the plaintiff in the…
