Hormuz Tanker Traffic Plunges After Fresh US-Iran Strikes

Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block Beauty and cosmetics giant Estée Lauder is accelerating its workforce restructuring, announcing Friday morning that it will cut another 3,000 jobs, bringing total planned reductions to as many as 10,000 roles. The move is expected to unlock hundreds of millions of dollars in additional savings. Still, it also suggests a deeper reset in the company's workforce after its hiring spree leading up to  Covid, potentially putting a long-term cap on headcount. The owner of Clinique, La Mer, MAC, Aveda, Bobbi...

DRAMageddon Deepens As Samsung Prepares 20% Memory Price Hike There is no immediate price relief coming for cutting-edge memory chips, even as South Korea moves to double memory capacity. New fabs and expanded lines take time to build and then ramp production, meaning the supply response will lag demand. For now, DRAM inventories remain tight through year-end as data center buildouts accelerate, keeping producers like Samsung in control of the market, with more price hikes likely ahead. The memory-chip squeeze is not easing anytime soon. That is the clear takeaway from...