E.l.f. Beauty’s recent quarterly performance has been impressive, with a 50% gain in sales in its fiscal first quarter. This comes after a remarkable 76% jump in the year-ago period. However, the company’s post-earnings conference call hinted at potential challenges ahead, as they anticipate higher container and transportation costs in FY25. Despite a 3.4% rise
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Apple is considering charging its users up to $20 for access to advanced artificial intelligence features. The company plans to introduce its Apple Intelligence system later this year, with enhanced Siri voice assistant capabilities and the ability to automatically generate emails and images. Although these features will be gradually rolled out, users in certain regions,
Financial markets are notorious for their unpredictability, and the recent burst of volatility that caught many off guard is a stark reminder of this fact. Trades that thrive in a low volatility environment can quickly unravel when volatility spikes, leading to substantial losses. The allure of high profits in these trades often blinds traders to
The narrative surrounding Disney’s media business has taken a surprising turn in recent times. While previously the focus was on how streaming losses and other factors were dragging down the company, the second-quarter results have shown a different story. Disney’s combined streaming services – Disney+, Hulu, and ESPN+ – have turned a profit for the
Super Micro Computer, once a highflier in the AI industry, experienced a significant setback as its shares tumbled by 14% in premarket trading due to a faster-than-expected contraction in gross margin. The company reported an adjusted gross margin of 11.3% for the fourth quarter, down from 17% a year earlier, which fell below analysts’ expectations
Elon Musk, the billionaire entrepreneur behind companies like X and Tesla, has been a subject of recent scrutiny in the U.K. According to Peter Kyle, the U.K.’s technology minister, Musk is “the one person who is accountable to no one” and holds the power to shape major world events, including the war between Russia and
The Bank of Japan is facing a challenging decision-making process regarding interest rates amidst market volatility. Deputy Governor, Shinichi Uchida, has emphasized the importance of stability in financial markets before considering any rate hikes. This contrasts with Governor Kazuo Ueda’s recent hawkish comments on the possibility of increasing borrowing costs. Uchida’s remarks have sparked a
Disney recently announced that it will be increasing the prices of its streaming platforms, including Disney+, Hulu, and ESPN+. The price hikes, ranging from $1 to $2 more per month, will take effect in mid-October. This decision comes as Disney continues to emphasize bundle packages to offer its customers more value for their money. The
SoftBank Group, a tech investment giant based in Japan, is anticipated to report a modest profit for the first quarter. However, the focus is on whether the company will announce a major share buyback program amidst market turbulence and investor pressure. Investors have been urging SoftBank to consider a share buyback due to the significant
In an era where many banks are reducing their physical presence, JPMorgan Chase is taking a different approach by expanding its brick-and-mortar footprint. The firm, led by Chairman and CEO Jamie Dimon, is on a mission to reach more Americans in smaller cities and towns by opening new branches in less densely populated areas. This
The cryptocurrency market experienced significant volatility as Bitcoin dropped below $50,000 for the first time since February. This led to a ripple effect on bitcoin-related companies, with names like Robinhood, MicroStrategy, Coinbase, and Marathon Digital all facing losses. Robinhood plummeted more than 10%, while MicroStrategy plunged more than 8%. This highlights how closely tied these
The indie/arthouse market is currently experiencing a period of diverse offerings that cater to a wide range of audiences. Films like Kneecap, CatVidoFest, Didi, and Sing Sing are proving to be successful, despite their limited release on screens. This success is particularly noteworthy in the face of more mainstream, wide releases and tentpole movies dominating
One of the top stock picks recommended by Wall Street analysts is Google parent Alphabet (GOOGL). This tech giant recently reported its second-quarter results, revealing the strength in its Search and Cloud businesses. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts’ expectations. Despite this, BMO Capital analyst Brian
The Summer Olympics in Paris have captured the attention of millions of viewers in the U.S. This year, the coverage has seen a significant boost in viewership, with a total audience delivery average of 34 million viewers over the first five days. One of the key factors contributing to the success of the coverage is