Business

This week marked a tumultuous period for the beauty industry, as notable companies such as E.l.f. Beauty and Estée Lauder encountered significant financial setbacks. The week was particularly devastating for E.l.f., which saw its stock decline by an alarming 29%, representing the worst performance since August 2018. This drop followed a report detailing mixed earnings
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In a landmark decision, the National Collegiate Athletic Association (NCAA) has enacted a controversial updated policy that restricts transgender women from competing in women’s sports. This policy’s announcement closely followed President Donald Trump signing an executive order that threatens to withdraw federal funding from educational institutions permitting transgender women to participate in women’s sports. This
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The imposition of tariffs has far-reaching consequences for industries that rely heavily on international supply chains. Mattel, a leading player in the toy industry known for iconic products like Barbie and Hot Wheels, is at the forefront of these challenges following recent duties introduced by the U.S. government. This article delves into the ramifications these
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In a significant restructuring move, General Motors (GM) has decided to dramatically scale back its workforce at Cruise, laying off around half of its remaining employees in the now-defunct robotaxi business. This announcement, which follows GM’s decision not to continue funding Cruise after an investment surpassing $10 billion since its acquisition in 2016, underscores a
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In a historic move that underscores its commitment to the future of electric vehicles (EVs), Honda Motor Co. is investing over $1 billion in its Ohio facilities to establish a cutting-edge manufacturing hub. This considerable financial injection, initially announced at $700 million, is emblematic of a significant shift in Honda’s production strategy, which has traditionally
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