Finanace

Estee Lauder Companies EL, +1.78% reported Friday a fiscal second-quarter profit that was well above expectations, as revenue also rose above forecasts, but provided a downbeat outlook for the current quarter as a resurgence in COVID-19 cases has led to renewed government restrictions. The skin care, makeup and fragrance company's stock was still … [Read more...] about Estee Lauder reports a big profit beat, but provides downbeat guidance

Text size PATRICIA CASTELLANOS/AFP/Getty Images Many utility stocks have remained unloved through much of the pandemic, their attractive yields and reliable dividends notwithstanding. The Utilities Select Sector SPDR Fund … [Read more...] about Investors Have Shunned Utilities Despite Their Steady Dividends. Here Are 6 to Consider for Yield.

Alibaba Group Holding's US$5 billion bond attracted an avalanche of orders from fixed-income investors, peaking at US$38 billion, on growing confidence that the e-commerce behemoth will emerge relatively unscathed from an antitrust investigation.The scramble to buy the bonds allowed the platform company to sell its new dollar-denominated debt at a more advantageous price than … [Read more...] about Alibaba’s bond sale attracts US$38 billion worth of orders as investors shrug off antitrust fears and look to future of China’s booming e-commerce industry

Luckin Coffee Files for Chapter 15 Bankruptcy in New York … [Read more...] about Luckin Coffee Files for Chapter 15 Bankruptcy in New York

We’ve got a full month of 2021 behind us now, and a few trends are coming clearer. The coronavirus crisis may still be with us, but as vaccination programs expand, the end is in sight. With President Trump out of the picture, and the Democrats holding both Houses of Congress and the White House, politics is looking more predictable. And both of those developments bode well for … [Read more...] about The 5G Revolution Could Send These 3 Stocks Higher