Estee Lauder (EL.N) said on Wednesday that its annual profit forecast has come in below Wall Street expectations, as the cosmetics giant continues to face weakness in the United States and China alongside uncertainty over tariffs.
Shares of the company fell by around 12% in pre-market trading. Management warned that tariff-related pressures could reduce fiscal 2026 earnings by about $100 million.
Luxury groups and retailers, including Estee Lauder, have been affected by consumers tightening their spending as prices rise under U.S. President Donald Trump’s sweeping import tariffs. The company now expects full-year adjusted earnings per share of between $1.90 and $2.10, compared with analysts’ estimates of $2.21, according to LSEG data.
The United States, Qatar, Egypt, the United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan and Türkiye issued a joint statement supporting ...
The U.S. is studying a plan to divide Gaza into zones with different levels of control. Documents cited by The Guardian outline a green zone for recon...
Donald Trump told reporters on Friday that he plans to take the BBC to court, accusing the broadcaster of altering his remarks in a way he says caused...
U.S. President Donald Trump stated on Friday that he is considering approving a deal to supply Saudi Arabia with F-35 stealth fighter jets, which are ...
The International Monetary Fund (IMF) announced on Friday that its executive board had approved a new two-year, $24 billion flexible credit line for M...
The United States, Qatar, Egypt, the United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan and Türkiye issued a joint statement supporting the draft UN Security Council resolution currently under consideration.
The U.S. is studying a plan to divide Gaza into zones with different levels of control. Documents cited by The Guardian outline a green zone for reconstruction under Israeli and international oversight, and a red zone that would remain heavily damaged after two years of war.
Donald Trump told reporters on Friday that he plans to take the BBC to court, accusing the broadcaster of altering his remarks in a way he says caused serious reputational harm.
U.S. President Donald Trump stated on Friday that he is considering approving a deal to supply Saudi Arabia with F-35 stealth fighter jets, which are manufactured by Lockheed Martin.
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia.
A Türkiye-registered Air Tractor AT-802F crashed in western Croatia on Thursday, killing the pilot, local authorities and media reported.
Audi has unveiled the car that marks its first major step into Formula One. It presented the 2026 challenger at a launch event in Munich attended by drivers, team leaders and senior company executives.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
President of the Republic of Azerbaijan, Ilham Aliyev, received a delegation from the U.S. Church of Jesus Christ of Latter-day Saints in Baku on Thursday, 13 November.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment