economic news

The 'lipstick index' is back - and retailers are trying to cash in on it

The ‘lipstick index’ is back – and retailers are trying to cash in on it

Target has added new brands to its beauty department. In a growing number of stores, it also has Ulta Beauty mini-boutiques with prestige brands. Melissa Repko | CNBC As prices climb, some people have decided against buying a new outfit, delayed big purchases like TVs, or canceled Netflix accounts. But for now, they’re still splurging …

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How to choose the best MacBook so you don't overspend on what you don't need

How to choose the best MacBook so you don’t overspend on what you don’t need

A new MacBook Air running the M2 chip is shown during Apple’s annual Worldwide Developers Conference in San Jose, California on June 6, 2022. Pierre Dasilva | Reuters Apple has five MacBook computers to choose from, which can be a little daunting if you’re on the hunt for a new laptop as back-to-school season approaches. …

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Pharmaceutical stocks tumble as investors brace for billions in heartburn litigation

Pharmaceutical stocks tumble as investors brace for billions in heartburn litigation

Shares of GlaxoSmithKline, Sanofi and Haleon have all sold off sharply this week, losing tens of billions in market value, amid investor fear over possible US lawsuits centered on popular heartburn drug Zantac. ‘stomach. It’s a known issue that has been simmering in the background for years, but investor concern exploded this week as the …

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Clothing subscriptions like Stitch Fix were once hugely popular - but now they may be falling victim to 'box fatigue'

Clothing subscriptions like Stitch Fix were once hugely popular – but now they may be falling victim to ‘box fatigue’

A selection of menswear packaged by Trunk Club, which closed earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master’s degree ten years ago, David Hill wanted to bolster his personal style and joined the Trunk Club, which promised to send him boxes of clothes tailored …

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Here's where China's real estate problems could spill over

Here’s where China’s real estate problems could spill over

China’s real estate sector accounts for more than a quarter of the national GDP, according to Moody’s. Pictured is a residential complex under construction on December 15, 2021 in Guizhou province. Cost photo | Edition of the future | Getty Images BEIJING — China’s property woes could spill over into other major sectors if the …

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Zoom investor tells startup founders, 'Forget the last three years' and accept a 50% valuation

Zoom investor tells startup founders, ‘Forget the last three years’ and accept a 50% valuation

Eugene Zhang, founding partner of Silicon Valley venture capital firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a seasoned Silicon Valley investor, recalls the exact moment the young startup market peaked this year. The firehose of venture capitalists, hedge funds and wealthy families flocking to early-stage companies was reaching absurd levels, …

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Ethereum just had its last test before one of the most important events in crypto

Ethereum just had its last test before one of the most important events in crypto

Ethereum is the second largest cryptocurrency in the world, and it gives bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just held a final dress rehearsal ahead of a years-awaited upgrade that has been touted as one of the biggest events in crypto history. . Since its inception nearly …

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Allbirds 'significantly' slows pace of new hires as loss widens

Allbirds ‘significantly’ slows pace of new hires as loss widens

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC on Tuesday, February 16, 2021. Al-Draco | Bloomberg | Getty Images Allbirds on Monday revised its financial guidance for the year and announced a number of cost-cutting efforts as the durable footwear maker announced a larger quarterly loss from a year …

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BlackRock says the era of steady growth is over - and it tells investors how to position themselves for it

BlackRock says the era of steady growth is over – and it tells investors how to position themselves for it

BlackRock says global markets have become more volatile and will remain so for some time. The world’s largest asset manager says the era of steady growth and low inflation is over: “We believe that traditional portfolios, hedges and risk models will no longer work.” “The Great Moderation, a long period of steady growth and low …

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