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ReutersL'Oreal CEO sets cautious tone on China
L'Oreal's chief executive gave a cautious outlook about China, the world's No. 2 beauty market, on Thursday even after the cosmetics maker reported first-quarter sales growth of more than 6% for the country. The first-quarter performance in China was well above sector growth of 1%, Nicolas Hieronimus told analysts in a call after the French cosmetics giant that owns the Maybelline and Lancome brands released better-than-expected first-quarter sales. "We plan with, I would say, a China that is not doing fantastic, and we make the most of the opportunities in Europe, in emerging (markets) and gaining share in North America," he said.
Investor's Business DailyMagnificent Seven Stocks To Buy And Watch: Nvidia Stock Rebounds From Key Level, Tesla Hits New Low
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Associated PressKenya’s military chief dies in a helicopter crash
Kenya’s military chief Gen. Francis Ogolla died in a helicopter crash west of the country, President William Ruto announced Thursday and declared three days of national mourning. The helicopter was carrying 11 people, including Gen. Ogolla, when it crashed Thursday and caught fire in a remote area near the border with Uganda, killing nine people onboard, the president said.
