Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
* ModiFace to provide make-up testing technology to Amazon
* L'Oreal bought Canadian firm ModiFace last March
* Amazon has launched its own 'Belei' beauty and skincare line
PARIS, June 4 (Reuters) - L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing customers of the shopping site to try on lipsticks using mobile phone videos or photos.
The contract goes beyond make-up tests solely for L'Oreal's own brands, which include Maybelline and Lancome, but is limited to lipsticks for now.
The companies did not provide any financial details. The service will launch in the United States and Japan in mid-2019.
L'Oreal bought ModiFace in March 2018 as it invests in technology, develops "smart" sensory brushes that tell people how to care for their hair or virtual tests for a generation of "selfie"-obsessed consumers.
The Canadian company specialises in augmented reality and artificial intelligence applied to the beauty world.
L'Oreal has already used ModiFace to help further its own online sales, pairing up with Facebook so that people on the social media network can do virtual make-up tests and shop for its labels such as Urban Decay and NYX.
Amazon, meanwhile, has just launched its own beauty and skincare line called 'Belei', capitalizing on soaring demand for creams and skin treatments.
The shopping site sells lipsticks from a range of brands and L'Oreal rivals including Estee Lauder's Clinique, or Revlon. (Reporting by Sarah White and Pascale Denis; Editing by Sudip Kar-Gupta and Louise Heavens)