By Anuja Bharat Mistry (Reuters) -Elf Beauty raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S. and abroad, sending the company’s shares up 9% in extended trading. Customers, who have been hunting for lower-priced makeup and skincare products, have helped in boosting Elf’s sales in a challenging market where major beauty brands like Estee Lauder and L’Oreal have been wrestling to lift demand. Elf expects net sales in the range of $1.32 billion to 1.34 billion, compared with…
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The British automotive designer, Ian Callum, renowned for his work at Ford, TWR, Aston Martin, and notably, Jaguar, has breathed new life into the iconic Jaguar C-X75 concept car. After leaving Jaguar Land Rover in 2019, Callum founded his own company, where he continues to push the boundaries of automotive design. One such project is the reimagined C-X75, a testament to his passion for creating breathtaking and high-performance vehicles. Iconic Revival: Ian Callum Brings Jaguar C-X75 Concept to Life as a Road Legal Supercar (Callum Designs) This ultimate driving machine, once a mere concept from 2010, has been thoroughly reengineered…
Toyota, a formidable force in the US automotive market, has been pushing hard to claim the sales crown. While General Motors currently holds the top spot for the first three quarters of 2024, Toyota isn’t far behind. With a 6.2% increase in sales compared to the same period last year, Toyota has delivered 1.73 million units, narrowing the gap with GM’s 1.95 million units. The driving force behind Toyota’s strong performance is the ever-popular RAV4 compact crossover SUV. Toyota’s RAV4 Powers Sales Growth, Closing the Gap with GM in 2024 US Market (Evren Ozgun Spy Sketch /YouTube) This fifth-generation model,…
Real Good Food Company, Inc. (NASDAQ:RGF) announced on Monday (NASDAQ:) that it will restate its financial statements for 2022 and the quarterly periods of 2023 due to errors in revenue recognition. The decision, made by the company’s audit committee and board of directors, was disclosed in an 8-K filing with the Securities and Exchange Commission (SEC). The restatement pertains to the incorrect accounting treatment of a specific sales agreement during the mentioned periods. As a result, previously reported revenues, costs of sales, and accounts receivable for all periods in 2022 will be reduced, while these financial statement items for all…
Yamaha’s Tracer lineup, a decade-long market favorite, is set to receive a significant update for 2025. The Japanese motorcycle manufacturer has revealed three new models: the standard 9, the 9 GT, and the 9 GT+. These bikes are touted as the most balanced yet, thanks to a refined frame design, while retaining the potent 890cc CP3 three-cylinder engine. This powerplant now delivers 117 horsepower and 93 Nm of torque. Yamaha’s 2025 Tracer Lineup: Sport Touring Upgrades with Enhanced Power and Performance (Yamaha) Yamaha has revealed its 2025 Tracer lineup, featuring three models that boast significant upgrades and cutting-edge technology. All…
The 2019 Dodge Charger Pursuit, a police car, was brought to the Car Wizard, David Long, with a laundry list of issues. The most pressing problem was a severe oil leak, which could have potentially damaged the HEMI engine. The car’s original battery, now five years old, was struggling to start the vehicle. Additionally, the brakes were squealing, and there were concerning noises coming from the underside, including a clunking sound when shifting from Reverse to Drive. Fixing a 2019 Dodge Charger Pursuit: From Oil Leaks to Bureaucratic Delays in Police Car Repairs (Car Wizard /YouTube) The police department, facing…
JACKSONVILLE, FL—William Radford Lovett II, a director and significant shareholder of Dream Finders Homes, Inc. (NASDAQ:DFH), recently sold shares in the company amounting to a total of $712,118. The transactions, which took place on November 4 and 5, involved the sale of 22,317 shares of Class A common stock. The shares were sold at prices ranging from $31.08 to $32.33 per share. Following these transactions, Lovett retains ownership of 4,628,855 shares in the company. The shares are held indirectly through the W. Radford Lovett II GST Exempt Trust, for which Lovett serves as the sole trustee. Dream Finders Homes, based…
German Chancellor Olaf Scholz and Finance Minister Christian Lindner in the Bundestag on June 26, 2024 in Berlin, Germany.Michele Tantussi | Getty Images News | Getty ImagesChancellor Olaf Scholz announced Wednesday he had dismissed Finance Minister Christian Lindner, bringing an end to Germany’s ruling coalition after months of political wrangling and raising the possibility of snap elections in March.The three-year-old union between Scholz’s Social Democratic Party (SPD), the Greens and Lindner’s Free Democratic Party (FDP) had been on shaky ground for some time, with differing budget and economic policy positions causing tensions and clashes.Speaking at a press conference late Wednesday,…
The 1963 Chevrolet Nova, a first-generation compact car, might seem unremarkable at first glance. However, this particular Nova, crafted by the experts at Roadster Shop, is far from ordinary. Beneath its seemingly bland exterior lies a custom-built powerhouse that redefines the potential of this classic American car. The Nova, produced by General Motors from 1962 to 1979 and again briefly in the late 1980s, has a rich history marked by both urban legends and a dedicated fan base. While the Spanish speaking world’s supposed aversion to the name due to its literal translation (“it doesn’t go”) is a myth, it…
For more on artificial intelligence (AI) in investment management, check out The Handbook of Artificial Intelligence and Big Data Applications in Investments, by Larry Cao, CFA, from the CFA Institute Research Foundation. Performance and Data Despite its seemingly “magical” qualities, ChatGPT, like other large language models (LLMs), is just a giant artificial neural network. Its complex architecture consists of about 400 core layers and 175 billion parameters (weights) all trained on human-written texts scraped from the web and other sources. All told, these textual sources total about 45 terabytes of initial data. Without the training and tuning, ChatGPT would produce just gibberish. We might imagine…