Author: Editor

Elf Beauty cosmeticsCourtesy: e.l.f BeautyE.l.f. Beauty reported a huge earnings beat Wednesday and raised its guidance for the fiscal year.E.l.f. stock was up as much as 15% in after-hours trading before losing the majority of those gains.Here’s what the company reported for the third fiscal quarter, compared with analyst estimates from LSEG:Earnings per share: $1.24 adjusted vs. 72 cents expectedRevenue: $490 million vs. $460 million expectedE.l.f. said net sales increased 38% to $489.5 million, or $1.24 per share, up from $355 million, or 74 cents a share, in the same period a year ago, driven by growth across the globe…

Though assets continue to flow out of mutual funds into more tax-efficient vehicles, the threat of capital gains taxes may be keeping trillions of dollars locked in limbo, a new study found.Processing ContentOver the past five years, roughly a quarter of assets in the typical mutual fund consisted of unrealized capital gains, according to a working paper first posted in November and revised last month by Jessica Goldenring, a Ph.D. candidate in finance at Columbia Business School and former research assistant at the Fed. While the realization of those gains and the taxes accompanying them are accelerating investors’ transfers to…

NFL Hall of Famer Terrell Owens said Wednesday that the recent snubs of New England Patriots owner Robert Kraft and former coach Bill Belichick from the institution show the system is flawed, and someone needs to be held accountable. “It’s just plain dumb” Owens told CNBC Sport in an interview in San Francisco ahead of Super Bowl LX. “Something has to change.” The decisions not to vote Kraft and Belichick into the Pro Football Hall of Fame raised eyebrows because of the Patriots’ success. With a win over the Seattle Seahawks on Sunday, the franchise would hold the most Super…

Sen. Ron Wyden, D-Oregon, and Elizabeth Warren, D-Massachusetts, want to know whether the Justice Department plans to defend the Internal Revenue Service against President Trump’s $10 billion lawsuit over the leak of his tax returns to The New York Times.Processing ContentThe two senators, who are both members of the Senate Finance Committee overseeing the IRS, sent a letter Tuesday to Treasury Secretary and acting IRS commissioner Scott Bessent and Attorney General Pam Bondi raising questions about Trump’s unprecedented lawsuit against the Treasury and the IRS, the first time a sitting President has sued the federal government he oversees. They also…

The Eli Lilly and Novo Nordisk logos.Mike Blake | Tom Little | ReutersIt’s a tale of two drugmakers in the red-hot obesity drug market. Both Novo Nordisk and Eli Lilly are grappling with lower prices in the U.S., but their 2026 outlooks are diverging sharply: While Novo is bracing for a sales decline, Lilly sees revenue jumping again thanks to its blockbuster medicines. The split in guidance — despite similar headwinds — underscores the strength of Lilly’s position in the obesity and diabetes drug market, underpinned by its more effective injections and early foray into direct-to-consumer sales, among other factors. While Novo…

People hold flags outside the US Supreme Court on December 4, 2024 in Washington, DC, during oral argument on whether states can ban certain gender transition medical treatments for young people. Roberto Schmidt | AFP | Getty ImagesNew research from the LGBTQ+ group Human Rights Campaign showed a drastic drop in Fortune 500 companies willing to publicly disclose their diversity, equity and inclusion practices.The HRC’s 2026 Corporate Equality Index saw a 65% drop in participation this year, falling from 377 Fortune 500 companies in 2025 to just 131 companies in 2026. HRC noted many of the companies that dropped out hold…

California’s Democratic Gov. Gavin Newsom speaks in Los Angeles during a 2025 campaign event on Proposition 50. Voters approved the ballot measure, allowing the state’s Democratic leaders to temporarily replace the state’s congressional map to help Democrats win five additional U.S. House seats. Ethan Swope/AP hide caption toggle caption Ethan Swope/AP The Supreme Court is allowing California to use its new congressional map for this year’s midterm election, clearing the way for the state’s gerrymandered districts as Democrats and Republicans continue their fight for control of the U.S. House of Representatives. The state’s voters approved the redistricting plan last year…

On Wednesday morning, after weeks of anticipation of layoffs, Washington Post staffers dialed into a Zoom call led by executive editor Matt Murray. “Today will be a difficult day,” he said, according to an audio recording of the call obtained by Business Insider.The top editor told workers to expect big changes ahead that would hit every corner of the newsroom and “feel like a shock to the system.””Today is about positioning ourselves to become more essential to people’s lives in what has become a more crowded, competitive, and complicated media landscape,” Murray said during the call. “For too long, we’ve…

Anthropic is taking a shot at OpenAI on the biggest stage possible.On Wednesday, Anthropic rolled out a glitzy ad campaign that will air nationally during Sunday’s Super Bowl, which implicitly centers on OpenAI’s plans to bring advertising to ChatGPT.”Ads are coming to AI. But not to Claude,” the tag line reads.The declaration shows that Anthropic is willing to draw a line in the sand with its no-AI-ads-in-chatbots stance. But the move also means Anthropic is declining to pursue a potentially key revenue stream for Claude at a time when AI companies are spending more than ever in the AI race.With…

When I arrived at Vista Verde Ranch in late October for a mini-vacation, I was running on fumes. My excitement to take part in a three-day horsemanship clinic and experience all this luxury dude ranch offered provided enough adrenaline to carry me.The truth was, my light had been dimming since the third quarter began at my consulting job. “If I can just make it until the end of the year,” I kept telling myself, “at least I’ll have more vacation time.”My life had become a series of “If I do X, then I can,” rules. I had learned early to…