Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for "deterrence and defense," U.S. Secretary of State...Politicsread more
Estee Lauder forecast full-year revenue and profit above Wall Street expectations after beating estimates for quarterly earnings on Monday, bolstered by booming demand for its premium skincare products such as La Mer and strength in its Asia-Pacific business.
Shares of the company, which has been investing heavily in its skincare segment as more consumers opt for products like serums, toners and face masks, rose nearly 5% in premarket trading.
Sales in the skincare business, its biggest and most profitable segment, rose 15% to $1.59 billion in the fourth quarter, while sales in Asia-Pacific region, which includes China, grew 18%.
The company said it expects full-year sales to grow in the range of 7% to 8% and adjusted profit to be between $5.90 and $5.98 per share in fiscal 2020. Analysts had expected a sales growth of 6.87% and profit of $5.81 per share.
The company said its forecast takes into account geopolitical issues such as Hong Kong protests, costs related to Britain's impending exit from the European Union and the escalating trade dispute between the United States and China.
Net earnings attributable to the company fell to $157 million, or 43 cents per share, in the quarter ended June 30, from $186 million, or 49 cents per share, a year earlier
Excluding items, it earned 64 cents per share, beating the average analyst estimate of 53 cents per share.
Net sales rose 9% to $3.59 billion, beating expectations of $3.53 billion, according to IBES data from Refinitiv.