E.l.f. Beauty's acquisition of Hailey Bieber's Rhode is projected to add $200 million to annual sales, but disappointing guidance led to a 29% stock drop. Can Rhode save E.l.f. from its fiscal woes?
Lowe's shares jumped 2% after the company raised its annual sales forecast and surpassed profit expectations. Analysts highlight a growing urgency in the pro distributor market, especially after Lowe's recent acquisition of Foundation Building Materials.
In a stunning turn of events, Chinese automaker BYD has reported annual revenue of 777 billion yuan, surpassing Tesla. With a 29% increase from last year, BYD's rapid development in EVs and new battery technology is reshaping the market landscape.
