06:08 AM EDT, 08/20/2025 (MT Newswires) -- Tesla (TSLA) chief executive officer Elon Musk is backing away from plans to start a political party, the Wall Street Journal reported late Tuesday, citing people with knowledge of the matter. The Journal reported that Musk has told allies that he seeks to focus his attention on his companies, which also include SpaceX,...

(Reuters) -Estee Lauder ( EL ) forecast annual profit below Wall Street estimates on Wednesday, as the cosmetics giant grapples with persistent weakness in the U.S. and China markets and tariff uncertainty. Shares of the company were down about 12% in premarket trading. The company expects a hit of about $100 million from tariff-related headwinds to fiscal 2026 profitability. Estee...

NEW YORK (Reuters) -During a U.S. naval test off the California coast last month, which was designed to showcase the Pentagon's top autonomous drone boats, one vessel stalled unexpectedly. As officials scrambled to fix a software glitch, another drone vessel smashed into the idling boat's starboard side, vaulted over the deck, and crashed back into the water - an incident...

Aug 20 (Reuters) - Estee Lauder ( EL ) forecast annual profit below Wall Street estimates on Wednesday, as persistent weakness in demand in the U.S. and China markets and tariff uncertainty pressure the cosmetics giant. The company expects full-year adjusted earnings per share to be in the range of $1.90 to $2.10, compared with analysts' estimates of $2.21 per...