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Crypto Breaking News

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Bloomberg

Consumers Still Buying Beauty Products That 'Matter to Them,' Says Sally Beauty CEO

Denise Paulonis, President and CEO of Sally Beauty Holdings, said that the beauty industry remains resilient to concerns around affordability as consumer remain consistent in buying beauty products that 'matter to them' like hair dye and nail accessories even if they are not replacing pricier items. Paulonis said that she remains optimistic about her company's growth as consumers explore new e-commerce avenues like the TikTok Shop.

Read more: Consumers Still Buying Beauty Products That 'Matter to Them,' Says Sally Beauty CEO
Bloomberg

South Africa's Ramaphosa Says He Won't Resign

South African President Cyril Ramaphosa said he will not resign during a televised address to the nation on Monday. "To do so would be to give credence to a panel report that unfortunately has grave flaws," he said. An independent panel found Ramaphosa may be guilty of serious misconduct in relation to the theft of money at his game farm. (Corrects spelling of Ramaphosa)

Read more: South Africa's Ramaphosa Says He Won't Resign
Bloomberg

Oil Climbs as US-Iran Deadlock Lifts Bond Yields

Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. Another rally in chipmakers left the S&P 500 at all-time highs, but most of the US equity benchmark's shares retreated

Read more: Oil Climbs as US-Iran Deadlock Lifts Bond Yields