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Closing Bell Coverage
Small business retirees: Planning for healthcare expenses
- BusinessYahoo Finance Video
Small business retirees: Planning for healthcare expenses
The employees of small businesses seeking to retire retirement also face a hefty price tag for healthcare options in the next step of their lives. What are the best options for those small business retirees? Yahoo Finance Health Reporter Anjalee Khemlani comes on as part of this week's Small Business, Big Opportunities special coverage, breaking down how retiring employees of a small business can approach healthcare expenses, with helpful insight from her conversation with Employee Benefits Research Institute Director of the Health Research and Education Program Paul Fronstin. Catch more of Yahoo Finance's special Small Business: Big Opportunities coverage this week, or watch this full episode. This post was written by Nicholas Jacobino
- BusinessYahoo Finance Video
Prestige cosmetics are on the rise: Top beauty trends
The beauty sector continues to grow amid a tumultuous market and weakened consumer spending. Orveon Global CEO Neela Montgomery joins Yahoo Finance to discuss some of the latest beauty trends and new opportunities for growth. "We're seeing a very strong Q1 in the prestige cosmetics space," Montgomery tells Julie Hyman, adding that prestige cosmetics are growing at a much faster rate than the mass beauty market. Despite tightening consumer wallets, she explains that consumers turn to prestige products for consistent quality, which brands should not lose sight of. She also highlights the power and influence social media has on the beauty sector, as one viral makeup video could spark an industry-wide sensation causing product sales to surge. Alongside social media as a powerful tool for the industry, Montgomery points to Amazon as a "force in beauty" that has allowed Orveon's BareMinerals brand to double its sales. Department stores also continue to provide steady growth for beauty brands. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
- BusinessYahoo Finance Video
Bumble boost buybacks, Klaviyo lifts guidance: After Hours
Shares of Bumble (BMBL) are gaining in after-hours trading on Wednesday as the dating app released first-quarter earnings revealing better-than-expected revenue and paying users numbers. The company also announced it would boost its share buyback program, raising it from $300 million to $450 million. Klaviyo stock (KVYO) is also jumping as the marketing technology company revealed a revenue beat at $210 million, representing 35% year-over-year growth. In addition, Klaviyo boosted its full-year guidance for 2024 operating income to between $97 million and $105 million. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino