Estée Lauder CFO Defends Company’s Turnaround After Stock Plunge

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Estée Lauder Cos. Chief Financial Officer Tracey Travis defended the beauty company’s plans to turn around its business on Wednesday and cited “unprecedented volatility” as executives cut the outlook for the fourth time in the last 12 months.

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Montreal's Concordia University is warning of"devastating financial implications" if Quebec moves forward with a plan to double tuition for out-of-province students next fall.Canada Goose Holdings Inc. cut its financial guidance for its full year as it warned an"uncertain" and"increasingly challenging" global landscape along with an unseasonably warm September could hamper sales.

U.S. job openings unexpectedly climbed in September for a second month, underscoring the persistent strength of labor demand in various pockets of the economy.Interest rates: What paths will the U.S., Canada take? Central banks in the U.S. and Canada may both be done with rate hikes, but they could take divergent monetary policy paths within the next year, economists say.Wage gains won by the union representing U.S. auto workers after a six-week strike are"ground-breaking if not earth-shattering," according to prominent labour commentator Robert Reich, who predicts unionization efforts will soon spread to other automakers.

 

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