Balint Porneczi/Bloomberg | Getty ImagesLONDON — L'Oreal shares fell more than 7% Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros ($11.4...
Category: Wealth
Social media chatter helps draw 3 million tourists in 3 days to a frigid city in northern China
For many Chinese, Harbin conjures images of ice and steel, a city both cold and tough.But this winter, the heavily industrialized city morphed into a warmly welcoming host, drawing in a record-breaking number of visitors, mainly from China's south.During the three-day New Year period from Dec. 30 to Jan. 1,...
Mark Cuban didn’t want to invest in this $2.5 million ‘Shark Tank’ company—here’s what changed his mind
Mark Cuban didn't want to invest in Genius Litter — until a bidding war between his "Shark Tank" co-stars annoyed him into changing his mind.The Austin, Texas-based company sells color-changing cat litter can alert pet owners of potential illnesses. Founded in 2020, Genius Litter is already profitable, CEO and founder...
Nearly 1 in 5 eligible taxpayers don’t claim this ‘valuable credit,’ IRS says
Laylabird | E+ | Getty ImagesTens of millions of Americans file tax returns every year — and many are missing a "valuable credit," according to the IRS.In 2022, roughly 23 million filers received $57 billion from the earned income tax credit, or EITC, a tax break for low- to moderate-income...
Child tax credit could change — but ‘don’t wait on Congress’ to file your taxes, IRS commissioner says
IRS Commissioner Danny Werfel testifies during the Senate Finance Committee hearing on the fiscal 2024 IRS budget and the IRS' 2023 filing season, in the Dirksen Building in Washington, D.C., on April 19, 2023.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesAs the tax season kicks off, Congress is still...