e.l.f. Beauty raises prices by $1 due to tariffs
e.l.f. Beauty raises prices by $1 due to tariffs
E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia.
01:24 - Source: CNN
Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals
A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast.
00:57 - Source: CNN
Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion
e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year.
01:11 - Source: CNN
Contestants risk injury in cheese wheel competition
An annual race held in England has attracted thousands around the world. It's been described as the world's most dangerous race: a 200-yard dash after a wheel of Gloucester cheese.
01:15 - Source: CNN
Should Sean 'Diddy' Combs testify?
CNN's Laura Coates speaks with Benjamin Chew, co-lead counsel for Johnny Depp in his defamation trial, about whether Sean "Diddy" Combs should testify in his high stakes criminal trial.
01:55 - Source: CNN
SpaceX Starship outperforms previous missions this year
Regrouping after two consecutive explosions, SpaceX launched the 9th test flight of Starship, the most powerful rocket ever built. The mission marks the first time the company reused a Super Heavy booster from a previous flight.
01:55 - Source: CNN
Two birds found onboard Delta flight
A flight from Minneapolis to Madison, Wisconsin, was delayed for about an hour after two birds tried to stow away on a Delta Air Lines flight.
00:44 - Source: CNN
Trump pardons reality TV couple Todd and Julie Chrisley
President Donald Trump has signed full pardons for imprisoned reality show couple Todd and Julie Chrisley, who were sentenced to lengthy prison terms in 2022 for a conspiracy to defraud banks out of more than $30 million, according to a White House official. CNN's Kaitlan Collins reports.
01:07 - Source: CNN
Former 'Diddy' employee describes alleged abuse
Former employee for Sean 'Diddy' Combs, Capricorn Clark, took the stand to testify in the federal trial against her long-time boss, seemingly corroborating accounts from witnesses Cassie Ventura and rapper Kid Cudi. Capricorn alleges Combs made threats and carried out acts of violence against her, including forced lie-detector tests Capricorn claims to have been administered by Combs' security guard while she was held.
02:37 - Source: CNN
All-American Rejects singer talks house party tour
The All-American Rejects lead singer Tyson Ritter joined CNN News Central to talk about his band's house party tour that started as a protest against pricey arena shows.
01:34 - Source: CNN
'Duck Dynasty' star dies at 79
Phil Robertson, patriarch of the reality show 'Duck Dynasty,' has died at 79, according to a family statement. Robertson founded Duck Commander, a business making duck hunting supplies, which later became the center of A&E's hit show.
01:06 - Source: CNN
Truck explodes after possible propane leak
A home security camera caught the moment when a box truck driving through a residential neighborhood exploded in Addison, Illinois. The driver walked away with only minor injuries, CNN affiliate WLS reports.
00:36 - Source: CNN
Teens help rescue family from garage fire
CNN's Fredricka Whitfield speaks with Aiden Kane and Tyler Sojda, who helped rescue a family in Marcy, New York from a garage fire after spotting the flames while driving home from junior prom.
01:16 - Source: CNN
Where Kermit the Frog's tea meme came from
Kermit the Frog tells CNN's Sara Sidner his thoughts on being an infamous part of meme culture.
00:41 - Source: CNN
Verdict reached in Paris robbery of Kim Kardashian
After a weekslong trial, eight people behind the multimillion-dollar armed robbery of Kim Kardashian in Paris were found guilty. Most of them received prison sentences, portions of which were suspended, but all will walk free due to time already served.
00:43 - Source: CNN
Anderson catches up with man sailing around the world
Anderson Cooper speaks with Oliver Widger for an update on his viral adventures sailing across the world. Widger quit his job, liquidated his 401(k) and bought a sailboat to see the world with his rescue cat, Phoenix.
01:55 - Source: CNN
See moment OceanGate team noticed something wrong
Newly released video shows OceanGate founder and CEO Stockton Rush's wife, Wendy Rush, who was working on the communications and tracking team, notice the sound of a 'bang' while monitoring the submersible. The Titan submersible imploded on June 18, 2023, killing all five passengers on board.
00:49 - Source: CNN
'The Points Guy' on the best deals for summer travel
Brian Kelly, founder of ThePointsGuy.com, breaks down the best deals for summer travel and how to make the most of your frequent flyer miles.
01:00 - Source: CNN
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Yahoo
an hour ago
- Yahoo
Is the Housing Bubble Finally Losing Pressure?
The past few years have been a whirlwind for homebuyers, from a pandemic-driven housing boom to inflation-induced interest rate hikes that made borrowing increasingly expensive. As it stands today, many people looking for an abode are getting clobbered by a one-two punch: arm-and-a-leg home prices and stubbornly elevated mortgage rates. That means, for many Americans, going to open houses is basically worth it only for the complimentary canapés, a consolation snack while they restrain their homeownership ambitions until better market conditions arise (fingers crossed). The spring season, typically the housing market's busiest, hasn't provided much cause for optimism: Existing home sales fell 0.5% in April from March, according to the National Association of Realtors. Home sales for each month fell to their weakest since 2009, when the Great Recession was in full swing following the subprime mortgage crisis. In February, JPMorgan analysts were muted about the US housing market's prospects, writing it was 'likely to remain largely frozen through 2025.' But a notable new report last week from Redfin argued that some air may be let out of the bubble soon, much to the advantage of prospective buyers. The big reason, according to the brokerage's analysis: Sellers now outnumber buyers by nearly half a million, the biggest gap on record since 2013. So, could the most favorable ratio for buyers in over a decade give them enough leverage to close deals and even bring prices down? Let's take a look (and, if not, there'll always be the canapés). READ ALSO: Shrinking GDP Shows Tariffs' Impact as Courts Scrutinize Their Legality and E.l.f. Soars After $1 Billion Pow(d)er Move to buy Hailey Bieber's Rhode First, a quick catchup on the forces that brought us to this place. During the pandemic, housing demand went through the roof. As Federal Reserve Bank of San Francisco researchers explained, that was thanks mainly to the massive shift to remote work, a 'key factor explaining why U.S. house prices grew 24% between November 2019 and November 2021.' San Francisco Bay-area tech workers could suddenly take their high incomes and buy homes in cheaper (for them; sorry, locals) Austin, Texas, or Denver, Colorado. Wall Street professionals could do the same in Miami or Tampa Bay, Florida. By 2022, Federal Reserve Board economists estimated that 'new construction would have had to increase by roughly 300% to absorb the pandemic-era surge in demand.' Instead, the mushrooming demand prompted the housing market to overheat. In November 2021, for example, there were 2.3 million prospective homebuyers versus 1.4 million sellers, giving the latter a significant market advantage. In April, five years after pandemic lockdowns, the median US existing home price hit $414,000, a new peak for that month, according to the National Association of Realtors, which noted home prices have risen on a year-over-year basis for 22 straight months. In addition to increasingly expensive homes, another challenge for buyers emerged in 2022, when the Federal Reserve began hiking interest rates to curb the highest inflation surge in decades. That was back when we were fretting about supply-chain snarls caused by the pandemic (now we fret about supply-chain snarls due to tariff wars). Mortgage rates, which tend to track interest rates, had been incredibly favorable when the Fed cut interest rates to record lows to stimulate the economy at the onset of the pandemic. They spiked after the Fed kicked off a series of rate hikes in early 2022, however. These factors helped bring the pandemic housing boom to a halt: Those 2.3 million buyers in November 2021 declined all the way to 1.5 million by November 2022. Now, the number of sellers far outstrips the number of buyers. Redfin's new analysis found that there are an estimated 490,041 more home-sellers in the US than prospective buyers, a sharp reversal from the pandemic housing boom. 'The balance of power in the US housing market has shifted toward buyers, but a lot of sellers have yet to see or accept the writing on the wall,' Asad Khan, the brokerage's chief economist, says in the report. 'Many are still holding out hope that their home is the exception and will fetch top dollar. But as sellers see their homes sit longer on the market and notice fewer buyers coming through on tour, more of them will realize that the market has adjusted and reset their expectations accordingly.' Fretting about tariffs has helped suppress the number of Americans shopping for a home, with a survey finding just under a quarter of them canceled plans to make major purchases because of Washington's trade-warring and another third delayed plans. That means less competition for the buyers in the field. Meanwhile, Redfin predicts that home prices will fall 1% year over year by the end of 2025, with the glut of sellers forming the bedrock of its reasoning. Unsurprisingly, many of the markets where the balance of power has shifted the most for homebuyers, according to the report, are the same places where the pandemic housing boom occurred. Of the 50 most populous metro areas in the US, the top buyer's market is now Miami, according to Redfin. Where it once was flooded with homebuyers attracted to the idea of warm weather and beaches enhancing a work-from-home lifestyle, it now has roughly 21,000 sellers compared with just 7,000 buyers, or a 197% difference. Another notable metro area is Austin, which drew an influx of tech workers during the pandemic. It has a 124% ratio of sellers to buyers and even saw its median home sale price fall 3% year-over-year in April. Jacksonville and Tampa, both in Florida, as well as Phoenix, Arizona, also experienced year-over-year declines in median home sale prices. 'It's not uncommon for a buyer to get a home for 5% less than the list price and $10,000 in seller concessions,' one Daytona Beach, Florida-based Redfin realtor noted in the firm's report. Highly Rated. Even if the balance of power has shifted, one factor dogging buyers remains stubbornly unfazed: mortgage rates. Forecasts had initially predicted they would fall this year, based on expectations that the Federal Reserve would cut the benchmark interest rates undergirding a wide swath of lending costs as inflation softened. That hope has been repeatedly dashed due to the economic uncertainty accompanying the Trump administration's shifting economic policies. Until the Fed is certain conditions warrant a rate cut, higher interest rates will continue propping up mortgage costs. Another benchmark for mortgage rates, Treasury yields, has simultaneously been driven up because the US credit rating was downgraded over concerns about the country's swelling budget deficit. The 30-year fixed mortgage rate as of May 29 was 6.89%, according to the Federal Reserve Bank of St. Louis. Since 2023, mortgage rates have hovered well above 6%, often closer to 7%, at roughly the highest levels in two decades. Redfin expects them to stay there through the rest of the year, predicting mortgage rates will float around 6.8%. So, while lower housing prices have arrived in some markets and may be on the way in others where buying power has shifted, mortgage rates are likely to remain a relative thorn in the side of buyers due to economic factors far beyond their control. If tariffs are levied on imported goods at the scale the Trump administration has threatened, that may spur more inflation and make it even harder for the Fed to cut rates. Unfortunately, while real estate agents might be able to get you 5% off the list price for your dream house, they can't negotiate away the nascent global trade war and Congress' bipartisan habit of spending beyond its means. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.
News24
2 hours ago
- News24
Five ‘lost' species that have been recovered in SA
In recent years, South African researchers have rediscovered several lost animal species, some of which had not been seen for decades. Some of these species include the Blyde River flat gecko, Branch's rain frog, orange-tailed sandveld lizard, Pennington's blue butterfly and De Winton's golden mole. Rediscovering these species is essential for their conservation. For climate change news and analysis, go to News24 Climate Future. In recent years, South African organisations have rediscovered 'lost' animal species in the country, many of which occur nowhere else. According to the Endangered Wildlife Trust's (EWT) conservation and data scientist Oliver Cowan, South Africa is vast, and the environment is changing. As a result, species may remain undetected either because they have gone extinct or because no one has found them in recent years. He said rediscovering them was an essential first step in their conservation. Learn more about the five species recovered recently in SA: Blyde River flat gecko In April 2025, two researchers from EWT, Darren Pietersen and John Davies, rediscovered the Blyde River flat gecko that had last been seen 34 years previously by scientist Niels Jacobsen. According to Cowan, the Blyde River flat gecko is less than 10cm long and flat, allowing it to access rock crevices. Its large eyes, excellent night vision, and colour enable it to blend into the rock surfaces upon which it moves. 'Flat geckos do not have eyelids but a permanent transparent membrane protecting their eye. To keep this membrane clear, geckos are often observed using their tongue to clean their eyes,' Cowan said. The Blyde River flat gecko feeds on insects. According to the EWT report, Jacobsen collected two males in 1991 from a nearly unreachable, isolated hill in the Blyde River Canyon in Mpumalanga, but the gecko was not observed again until early 2025. As the species had not been recorded for more than 10 years, Re:Wild, an international organisation that supports conservation, classified it as a 'lost' species. In April 2025, Pietersen and Davies visited the Blyde River Canyon area to determine whether the gecko still inhabited the same isolated hill. After securing the required permits to visit the site, which took two years, the researchers were able to access the area with a helicopter and found the species. Branch's rain frog Branch's rain frogs are different from most species of frogs as they do not have a tadpole phase, said Cowan. Instead, they emerge from eggs fully formed, even though tiny. The species has a 'grumpy' face. It feeds on moths, beetles, and insect larvae. A single specimen of the rain frog was originally found before 2008 in Port Nolloth in the Northern Cape. The species was officially identified by scientist Alan Channing in 2012. It was rediscovered in 2023 through a survey led by EWT. Its habitat is subject to alluvial diamond mining and extreme weather events, and gathering more information on its distribution will help us protect its natural habitat. Oliver Cowan Orange-tailed sandveld lizard Chad Keates/Supplied The orange-tailed sandveld lizard is about the size of a ruler, characterised by its long orange tail. They eat invertebrates such as termites, grasshoppers, and beetles. Cowan stated that the lizard was captured once in 2005 near Lambert's Bay and again was coincidentally photographed on a camera trap in 2011. He said the habitat where the species occurs has undergone substantial historical transformations, primarily due to agriculture. 'In more recent years, a slew of mining developments has occurred along the West Coast,' Cowan stated. A two-week targeted survey by a team of herpetological (reptile and amphibian) experts rediscovered this species in 2022. 'The species will be uplisted to an endangered threat category as a result of the information gathered, which will ensure it is accounted for during future proposed developments within its habitat,' Cowan said. Pennington's blue butterfly Andrew Morton/Supplied Pennington's blue butterfly is scientifically known as Lepidochrysops penningtoni. Its wingspan is between 3cm and 5cm. 'The upper parts of the Lepidochrysop males have a slightly pale, pearlescent, blue or blue-violet sheen, [while] the females are a duller brown,' Cowan explained. He said this butterfly species was rediscovered in 2021 by the Lepidopterists' Society of Africa in the Northern Cape and was last recorded in 1968. They have a fascinating relationship with ants. Some live in ant nests, where the ants tend to them. Others have evolved to exploit ants, using them for shelter, food, or both. They feed on the flower buds or developing seed ovules of their host plants. De Winton's golden mole JP le Roux/Supplied The De Winton's golden mole got its name from its shiny coat. Unlike mole rats, which eat plant roots and make large mole hills, they are not destructive. Cowan said an interesting fact about the golden mole is that it is more closely related to elephants than normal garden moles, and it is blind. De Winton's Golden Mole is listed as critically endangered as its habitat has been significantly transformed, predominantly due to mining activities. Oliver Cowan The De Winton's golden mole was rediscovered in 2023 by researchers from the EWT who employed thermal detection, a sniffer dog, and eDNA analysis in targeted surveys after it had last been spotted 86 years ago. eDNA is genetic material that organisms shed and leave in their environment, such as skin cells, hair, or excretions. Soil samples from underground tunnels were tested to detect the golden mole's DNA successfully.
News24
2 hours ago
- News24
Rediscovering lost species and why it matters
Rediscovering 'lost species' may sound like a pursuit of idealistic adventurers or a scientific box-ticking exercise but, in reality, it is a vital part of conserving biodiversity in South Africa and giving it a fighting chance, writes Dr Oliver Cowan. How do you protect something if you do not know it is still alive? South Africa is home to a rich array of biodiversity with approximately 67 000 animal species and over 20 000 plant species - many of which occur nowhere else on earth. These numbers are not static, however, and increase when new species are discovered and formally described, and decrease should a species be declared extinct. The International Union for the Conservation of Nature (IUCN), through its Red List of Threatened Species, confirms a species' extinction only when there 'is no reasonable doubt that the last individual has died'. This is determined after exhaustive surveys across the species' known range have failed to find any individuals. But what of those species in limbo? Known as 'lost species', they are defined by the re:Wild organisation as species that have not been recorded for 10 or more years. Although South Africa is relatively well surveyed in comparison to many other parts of the world, species occurrence knowledge gaps still exist. This is generally attributable to either geographic reasons - remote and inaccessible areas are hard to get to - or due to a species' behavioural ecology such that standard survey efforts are ineffective at recording the species. For example, soil-dwelling species can be challenging to find, the most energetic and swift species can be hard to capture or identify from a distance, and morphologically cryptic species can be difficult to separate from similar looking species. But why is it important to fill these knowledge gaps? Accurate and up-to-date knowledge of where a species occurs is a key component of assessing a species' risk of extinction which, in turn, informs decisions about land-use which enhances the protection of species of conservation concern. For instance, effective spatial planning for protected area expansion and delineating critical or key biodiversity areas must account for the distribution of threatened species. Similarly, legislation intended to protect species of conservation concern from further habitat loss relies heavily on this information. For example, in South Africa the scoping phase of an environmental impact assessment must include a screening report that flags the presence of species of conservation concern within the proposed development footprint. However, the data which informs the screening report's high sensitivity layer - requires records of species' occurrence from the past 20 years. It is thus entirely plausible that knowledge gaps in the form of poorly sampled regions, and/or a lack of robust extinction risk assessments, result in species slipping through the cracks. They may lose important habitat simply because we did not know that they were there. Conservationists know that targeted, species-specific surveys are essential to rediscover lost species. Unfortunately, the financial resources, time and effort needed to support these surveys are not insignificant. Nevertheless, in recent years there has been an uptick in the rediscovery of lost species. These include the rediscovery of De Winton's golden mole (Cryptochloris wintoni) in 2021 after it was last recorded in 1937; Pennington's blue butterfly (Lepidochrysops penningtoni) – rediscovered in 2021, last recorded in 1968; the orange-tailed sandveld lizard (Nucras aurantiaca) – rediscovered in 2022, last recorded in 2005; Branch's rain frog (Breviceps branchii) – rediscovered in 2023, last recorded in 2008; and the Blyde Rondawel flat gecko (Afroedura rondavelica) – rediscovered in 2025 after 33 years. READ | SEE | Five 'lost' species that have been recovered in SA The orange-tailed sandveld lizard is a prime example of the importance of targeted surveys. This charismatic reptile had miraculously only been captured once, in 2005 near Lambert's Bay, and subsequently incidentally photographed on a camera trap in 2011. The habitat in which the species is known to occur has undergone substantial historical transformations, mostly due to agriculture, and in more recent years, a slew of mining developments have occurred along the West Coast. Indeed, in 2022, a right to prospect for phosphate ore was granted that encompassed both known localities of the lizard. However, due to the paucity of information on this lost species, it was categorised as 'data deficient.' The animal's rediscovery, and the data gathered during the week-long survey, will see the species uplisted to 'endangered' and it will need to be accounted for during future development proposals. Although the aforementioned species were rediscovered thanks to expert-led surveys and supported by funding awarded to conservation NGOs, the potential role of citizen scientists should not be underestimated. With just a smartphone, apps such as iNaturalist allow anyone to upload photos and locations of species they encounter to an online database where taxonomic experts or fellow citizen scientists can identify them. In recent years, a hiker posted a picture of the cream-spotted mountain snake (Montaspis gilvomaculata) from the Drakensberg, 22 years after it was last recorded, and two records of the long-tailed forest shrew (Myosorex longicaudatus) were verified after three decades with no sightings. Not all lost species end up being found. Despite a number of targeted surveys to rediscover Eastwood's long-tailed seps (Tetradactylus eastwoodae), the species has not been recorded for over 90 years and is now officially extinct. This is a stark reminder of the pressures facing biodiversity in South Africa. The continued degradation and loss of natural habitat, combined with a rapidly changing climate will undoubtedly see an upsurge in extinctions in the coming decades. Nevertheless, directing the limited resources at our disposal to best conserve our country's biodiversity requires robust and up-to-date information on species, and the importance of rediscovering lost species should not be overlooked. Rediscovering these species is not just about scientific curiosity - it is about ensuring they remain part of our shared natural heritage and whether through structured surveys, bioblitzes, or a well-timed iNaturalist post, we all have a role to play. Dr Oliver Cowan is a conservation scientist at Endangered Wildlife Trust.
