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L’Oreal looks to U.S. ‘land of opportunity’ as China disappoints
L'Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe world's largest beauty group L'Oreal said Friday that it plans to become less dependent on the Chinese…
Uber beats fourth-quarter revenue expectations but offers soft guidance
Uber shares closed down more than 7% on Wednesday after the ride-hailing company reported fourth-quarter results that beat analysts' expectations for revenue but missed on EPS and offered soft guidance.Here's how the company did:Earnings…
2025 is a ‘renter’s market,’ housing economist says — here’s how to take advantage
Vgajic | E+ | Getty ImagesIf you're a renter, the market may be shifting in your favor.As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from November, according to a new report by Realtor.com.The…
Fashion’s most hated garment — the skinny jean — is making a comeback
The vilified linchpin of millennial and Y2K fashion – the skinny jean – might be on its way to a comeback.Over the last few months, a range of skinny styles, including pants and jeans, have cropped up on fashion runways, influencer…
Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty ImagesSales of Tesla's cars to China fell in January, as competition…
A $50 million Ferrari-inspired mansion just broke a local record in Delray Beach,
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million.Not only was the megadeal the biggest the area has ever seen, but it was also one of the…
As the war on DEI intensifies, some companies hold the line while others work behind the
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025.Xinhua News Agency | Xinhua News Agency | Getty ImagesThere's a delicate balance playing out at corporations across America.As…
Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness’ in China
Sweden's Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs.The automaker, which is…
Renter affordability has improved — here’s what’s behind the trend
Vesnaandjic | E+ | Getty ImagesThe cost to rent is coming down faster in some areas of the U.S. than others. Overall, rent affordability is improving thanks to a combination of factors, said Daryl Fairweather, chief economist at Redfin.…
Walmart’s latest acquisition is a shopping mall in Pennsylvania
Walmart is now a mall owner.On Tuesday, the big-box retailer confirmed that it bought Monroeville Mall, which is roughly 12 miles east of Pittsburgh.In a statement, Walmart said it "is very interested in being part of any future…