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Social Responsibility

Estée Lauder surpasses 2030 water and waste reduction goals ahead of schedule

Estée Lauder surpasses 2030 water and waste reduction goals ahead of schedule

The Estée Lauder Companies, parent of brands including Clinique, M·A·C and La Mer, released its fiscal 2026 Social Impact and Sustainability Report on Oct. 28, covering July 1, 202...

Investments and Business

How random walk models outperform analysts in earnings forecasts

How random walk models outperform analysts in earnings forecasts

Analysts' long-run earnings growth forecasts are less accurate than a naive model that simply predicts zero growth. That is not a provocation: it is the literal conclusion of an evaluation published in an accounting and finance journal. And there is more: the random walk beats an...