The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Aerin Lauder, granddaughter of beauty icon Estee Lauder seemed an obvious choice to carry on the legacy of the cosmetic giant, but after the successful launch of her own brand in 2012 she is set to focus on the future of AERIN.
Lauder, the group's style and image director and the face and head of her own home and lifestyle brand, AERIN, acknowledged there are overlaps between her own company and that of the Estee Lauder group. But she dismissed her future as the head of the family firm, adding that her "plate is full".
The board currently includes four family members, Aerin Lauder, William Lauder who serves as executive chairman of the group, chairman emeritus Leonard Lauder and Aerin's sister Jane, who works as global president of Clinique, another skincare line launched under the brand.
The chief executive of the group is non-family member Fabrizio Freda who succeeded William Lauder in 2009, having previously worked as the group's chief operating officer.
"I am still so involved with Estee Lauder and right now we're between Aerin and I feel… my plate is full, but I will always, always have a place for Estee Lauder in my heart," said Lauder, speaking to Tania Bryer for CNBC Meets.
Lauder's cousin William said three of the four Lauders of his generation have chosen to work for the family business and each member has different authorities and expertise.
"Aerin's sister Jane is also working in our business and she's very successful. There's only four of us in our generation. Three of us -- myself, Aerin and Jane -- are involved in our business, my brother has chosen to take a different path and he's successful in what he's doing. The three of us each have our own lanes of authority and expertise and what Aerin is doing is something that we're all extraordinarily proud of," he said.
Fashion designer Michael Kors, an old friend of Aerin Lauder, said he expected her firm to expand globally, but added that "times have changed" since the days of Estee Lauder, the founder of the group.
"I think that she and her grandmother had this really special relationship. I think that you're talking about a brilliant businesswoman who was incredibly stylish, so I think that Aerin certainly, she's the modern answer," he said
"Times have changed, I think her grandmother was wearing a hat and gloves, and quite prim and quite proper," he added.