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
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.Politicsread 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
Millennial men are ditching aftershave, but some are picking up a new product: beard oil.
Aftershave dollar sales within prestige beauty have fallen 11 percent in the last year, according to NPD analyst Kissura Craft. The problem? More young men perceive the product as one for old men, and fewer young men are shaving.
Facial hair has evolved from shabby to trendy, and the movement has created an opening for new beauty products. Beard-related products, such as oils and softeners, represent less than 1 percent of the men's prestige beauty market, Craft said, but product introductions have quadrupled since 2014.
Beard oils could help lift the struggling fragrance category. Sales growth for prestige fragrances — which tend to be pricier than those sold at drugstores — has remained relatively flat over the last year, Craft said, while makeup and skincare grew 5 percent and 6 percent, respectively.
"It's small, but hopefully this is the kind of innovation that prestige fragrance needs to shake things up and to help get the ball rolling again when it comes to sales," Craft said.
Beard oils have been traditionally more of a niche product, with smaller companies such as Beardbrand sprouting up and leading the movement. Now bigger brands are starting to hop on the bandwagon.
Burberry launched its Mr. Burberry fragrance line last year. It includes an aftershave balm and splash, as well as a beard oil and a hair and beard clay. Cartier launched its L'Envol de Cartier line last year, and with it, a beard oil.
Other luxury brands may follow suit, helping to grow the budding category, Craft said.
"If I could look into my crystal ball, I would see this continue to grow," she said. "At the end of this year it would still be small, but I'm thinking in three years time it may be up to 5 percent."
One day, she envisions men walking into Nordstrom and being able to easily find beard oils in the fragrance department. There, they would also find aftershave.
Despite declining sales, Craft does not think aftershave will completely disappear anytime soon. Baby boomers and Gen X-ers are still using the product, Craft said, even if their children and grandchildren aren't.