Author: admin

  • Nintendo Shares Surge After Outlook Hike for ‘Historic’ Switch 2

    Nintendo Shares Surge After Outlook Hike for ‘Historic’ Switch 2

    Nintendo Co.’s stock rose by its most in six months the company raised its Switch 2 outlook, a strong signal of confidence in the marquee console’s momentum ahead of the critical holiday season.

    Most Read from Bloomberg

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  • Ghazala Hashmi wins Virginia lieutenant governor race, CNN projects

    Ghazala Hashmi wins Virginia lieutenant governor race, CNN projects

    Democrat Ghazala Hashmi will win the Virginia lieutenant governor’s race and become the nation’s first Muslim woman elected to statewide office, CNN projects.

    Hashmi will defeat…

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  • Ghazala Hashmi makes history as Virginia's next lieutenant governor – Axios

    1. Ghazala Hashmi makes history as Virginia’s next lieutenant governor  Axios
    2. Ghazala Hashmi is first Muslim to win statewide office in Virginia  Al Jazeera
    3. Virginia makes history with first Muslim woman elected to statewide office  The 19th News

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  • Loud noise exposure worsens motor deficits in Parkinson’s disease model

    Loud noise exposure worsens motor deficits in Parkinson’s disease model

    In the development of Parkinson’s disease, it may not be a good idea to turn the amp to 11. High-volume noise exposure produced motor deficits in a mouse model of early-stage Parkinson’s disease, and established a link between the…

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  • Beware the tunnel vision on AI stocks

    Beware the tunnel vision on AI stocks

    Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system.

    Jason Redmond | AFP | Getty Images

    The euphoria around artificial intelligence is colliding with the limits of reality, and cracks are emerging.

    Last night, tech giants like AMD smashed expectations on AI chip demand, and Palantir reported another quarter of strong growth. Yet the Nasdaq fell, revealing Wall Street's playlist is stuck on one track: AI mania.

    Palantir — the poster child of that obsession — plunged nearly 8% despite its blowout quarter, while Oracle dropped almost 4%. Even AI darlings Nvidia and Amazon pulled back.

    The message? It's AI or nothing — and that tunnel vision is flashing warning signs.

    Some CEOs are warning of a market correction, others of an inevitable mismatch between revenues and the massive capital expenditure needed to power AI. One CEO even told CNBC that stocks are in a correction, even if the S&P 500 hasn't reflected it. 

    Perhaps it's time investors step off the hype train and look at the broader market — even the strongest empires fall when they start believing their own legend.

    What you need to know today

    AMD beats estimates. AMD  that exceeded Wall Street expectations but provided margin guidance in line with estimates. Both revenue and net income exceeded expectations. Despite this, the stock slipped in extended trading. 

    IBM layoffs. The company told CNBC Tuesday that it will lay off "a low single-digit percentage of our global workforce," adding that IBM anticipates that its U.S. employment will remain flat year over year. IBM employed 270,000 people at the end of 2024, and a 1% cut to headcount would represent the loss of 2,700 jobs.

    Musk's trillion-dollar pay package opposed. Norway's $2 trillion sovereign wealth fund said it will vote against Elon Musk's trillion-dollar pay package at Tesla's annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down if the deal is rejected.

    Tech drags U.S. markets. All three major U.S. indexes fell on Tuesday, as tech stocks lost ground. The tech-heavy Nasdaq Composite plunged more than 2%, while the S&P500 declined 1.17% and the Dow Jones Industrial Average dipped 0.53%. 

    [PRO] Stocks in correction? CEO of Ritholtz Wealth Management Josh Brown said Tuesday the stock market is going through a correction, even if the indexes have yet to reflect it. 

    And finally...

    President and CEO of Saudi's Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024.

    Hamad I Mohammed | Reuters

    Aramco CEO says Saudi Arabia's cheap energy will turn kingdom into a global AI data center leader

    Saudi Arabia will capitalize on its abundant supply of cheap natural gas and renewables to transform the kingdom into a global leader in artificial intelligence, Aramco CEO Amin Nasser told CNBC in an interview.

    Aramco, the world's largest oil company, disclosed in late October that it plans acquire a significant minority stake in the new artificial intelligence company Humain. Saudi Arabia's sovereign wealth fund, PIF, is the majority owner of Humain, which launched in May.

    "Here, if you want renewable, you will find the lowest cost renewable," Nasser said. "If you want gas, you will find the lowest cost gas. Energy is available and land is also available to build all these things."

    — Spencer Kimball


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  • The Estée Lauder Companies Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders

    The Estée Lauder Companies Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders

    NEW YORK–(BUSINESS WIRE)–
    The Estée Lauder Companies Inc. (NYSE: EL) today announces the pricing of the previously announced registered public offering (the “Offering”) of the Company’s Class A Common Stock, par value $.01 per share, by trusts affiliated with descendants of Leonard A. Lauder (the “Selling Stockholders”) at a price to the public of $90 per share.

    The Selling Stockholders will receive all of the proceeds from the Offering. The Company is not selling any shares of Class A Common Stock in the Offering and will not receive any proceeds from the Offering. The Offering is expected to close on November 6, 2025, subject to the satisfaction of customary closing conditions. The Selling Stockholders intend to use the proceeds of the Offering to assist with the settlement of Leonard A. Lauder’s estate, including to satisfy certain estate obligations such as estate taxes, debts and administration expenses.

    Based on shares outstanding as of October 23, 2025, following completion of the offering, members of the Lauder family will beneficially own, directly or indirectly, 82% of the outstanding voting power of the Company’s Common Stock. The Selling Stockholders and LAL Family Partners, L.P., an entity beneficially owned by descendants of Leonard A. Lauder, will be subject to a 90-day lock-up agreement with the underwriter.

    J.P. Morgan Securities LLC is acting as the sole underwriter of the Offering.

    The Company has filed an automatically effective shelf registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained for free on the SEC’s website at www.sec.gov or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email: [email protected] and [email protected].

    This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

    ELC-F

    Investors: Rainey Mancini

    [email protected]

    Media: Brendan Riley

    [email protected]

    Source: The Estée Lauder Companies Inc.

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  • The Estée Lauder Companies Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders

    The Estée Lauder Companies Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders

    NEW YORK–(BUSINESS WIRE)–
    The Estée Lauder Companies Inc. (NYSE: EL) today announces the pricing of the previously announced registered public offering (the “Offering”) of the Company’s Class A Common Stock, par value $.01 per share, by trusts affiliated with descendants of Leonard A. Lauder (the “Selling Stockholders”) at a price to the public of $90 per share.

    The Selling Stockholders will receive all of the proceeds from the Offering. The Company is not selling any shares of Class A Common Stock in the Offering and will not receive any proceeds from the Offering. The Offering is expected to close on November 6, 2025, subject to the satisfaction of customary closing conditions. The Selling Stockholders intend to use the proceeds of the Offering to assist with the settlement of Leonard A. Lauder’s estate, including to satisfy certain estate obligations such as estate taxes, debts and administration expenses.

    Based on shares outstanding as of October 23, 2025, following completion of the offering, members of the Lauder family will beneficially own, directly or indirectly, 82% of the outstanding voting power of the Company’s Common Stock. The Selling Stockholders and LAL Family Partners, L.P., an entity beneficially owned by descendants of Leonard A. Lauder, will be subject to a 90-day lock-up agreement with the underwriter.

    J.P. Morgan Securities LLC is acting as the sole underwriter of the Offering.

    The Company has filed an automatically effective shelf registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained for free on the SEC’s website at www.sec.gov or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email: [email protected] and [email protected].

    This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

    ELC-F

    Investors: Rainey Mancini

    [email protected]

    Media: Brendan Riley

    [email protected]

    Source: The Estée Lauder Companies Inc.

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  • Just a moment…

    Just a moment…

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  • Astronomers May Have Found the First Generation of Stars After the Big Bang

    Astronomers May Have Found the First Generation of Stars After the Big Bang

    Thousands of stars. Credit: ESA

    Astronomers may have taken the closest step yet toward identifying the first stars born after the Big Bang. A new study led by Ari Visbal of the University of Toledo points to a distant galaxy, LAP1-B, as a strong…

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  • Research In Outer Space | Mirage News

    A mission to search for the origin-of-life on Titan, Saturn’s largest moon, will be aided by University of Otago – Ōtākou Whakaihu Waka researchers, and provide insight into climate change on Earth.

    Courtney Ennis

    Dr Courtney Ennis

    Dr Courtney…

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