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☆ Opinion: Why Gérard Depardieu hasn’t been ‘canceled’
▼ + stars: | 2024-05-08 | by ( Opinion Caroline Séquin | ) edition.cnn.com time to read: +10 min

Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.

Persons: Caroline Séquin, ”, Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, —, Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, …, ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, “, she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande

☆ Euro zone business activity grows at fastest pace in almost a year, PMI shows
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +1 min

Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday. That was its second month above the 50 mark separating growth from contraction and the highest since May last year. The services PMI leapt to 53.3 from 51.5, above the flash estimate of 52.9 and its highest reading since last May. A sister survey released last week showed factory activity in the euro zone took a turn for the worse in April, highlighting the divergence between the two sectors. The composite future output index dipped only slightly from March's 61.6 - its highest since February 2022 - to 61.6.

Persons: Cyrus de la Rubia Organizations: P Global, Service, Hamburg Commercial Bank, PMI Locations: March's, Hamburg

☆ Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers
▼ + stars: | 2024-05-01 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Estee Lauder tumbled Wednesday as investors focused on the company's weak fiscal fourth-quarter outlook instead of its strong third-quarter numbers. Estee Lauder Why we own it: We see profitability improving as management executes on its turnaround plan and works to improve gross margin performance. These are signs the worst should be behind Estee Lauder. While full-year adjusted earnings are still expected to decline on an annual basis, Estee Lauder encouragingly bumped up its outlook. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

Persons: Estee Lauder, Fabrizio Freda, Freda, Estee Lauder encouragingly, we're, That's, Estee, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, L'Oreal, Chanel, Body, Street, Management, Wall, Japan, CNBC, daimaru, Getty Locations: LVMH, —, Asia, North America, Latin America, Mexico, Brazil, Hong Kong, China, Japan, Mainland China, Nanjing, Shanghai

☆ Eli Lilly soars 8% after Q1 earnings reveal surging popularity for its Zepbound weight-loss drug
▼ + stars: | 2024-04-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The world's biggest healthcare company said it experienced surging demand for its GLP-1 Zepbound weight loss drug. Eli Lilly raised its 2024 revenue guidance, suggesting that the supply shortage of its weight loss drug may soon ease. The results showed soaring demand for its GLP-1 weight loss drug Zepbound, and the revenue guidance increase suggests that ongoing supply shortages of the drug may soon ease. "We have approximately 67% access in the commercial segment," Eli Lilly CFO Anat Ashkenazi said on the company's earnings call. Eli Lilly is looking to expand its indications of Zepbound so it can treat more health problems, including sleep apnea.

Persons: Eli Lilly, —, Zepbound, David Ricks, Eli Lilly's, Anat Ashkenazi, Ashkenazi, LLY, JPMorgan, JPMorgan isn't Organizations: Service, JPMorgan Locations: America

☆ Here's our fourth-quarter earnings report card for 31 stocks in the portfolio
▼ + stars: | 2024-03-19 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.

Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul

☆ The stock market rally has broadened out from the Magnificent Seven. Here's why
▼ + stars: | 2024-03-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Over the past month, a notable shift in performance has occurred among the 11 sectors of the S & P 500 . Understanding the S & P 500 sectors The 11 sectors of the S & P 500 represent the various industries powering the U.S. economy. For example, last year, the market-cap-weighted S & P 500 gained 24.2% while the equal-weighted index advanced only 11.6% in 2023. .SPXEW .SPX 1M mountain The equal-weighted S & P 500 over the past month compared with the S & P 500. Encouragingly, overall earnings estimates for the S & P 500 also have gone up recently.

Persons: —, It's, Wells, Linde, Russell, Labor Department —, Genuity, Canaccord, Encouragingly, Eaton, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Big Tech, Financial, Coterra Energy, DuPont, Tech, Communication Services, Apple, Microsoft, Nvidia, Club, Tesla, Linde, Wolfe Research, Labor Department, Fed, RBC Capital Markets, RBC, Bank of America, Eaton, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Tuesday's, U.S

☆ Number of 401(k) ‘millionaires’ jumped 41% last year, says Fidelity
▼ + stars: | 2024-02-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

New York CNN —Many more new 401(k) “millionaires” were created last year, but the overall number remains low, according to data released Tuesday. The average 401(k) balance rose to $118,600 at the end of the fourth quarter, up 14% for the year. And 78% of 401(k) savers were contributing at a rate high enough to get their employer’s full matching contribution. Between employee and employer contributions, the average savings rate last year was 13.9%, up slightly from 13.7% a year earlier. “This past year ended on a high note for retirement savers,” said Sharon Brovelli, president of Workplace Investing at Fidelity Investments.

Persons: ”, Gen Xers, Fidelity, Sharon Brovelli Organizations: New, New York CNN, Fidelity Investments, Fidelity, Labor Statistics Locations: New York, United States

☆ A leading scientist says you can skip the memory supplements. Protein is where it's at.
▼ + stars: | 2024-02-22 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +3 min

A leading food and drug chemist says most memory supplements are likely bogus. But getting enough protein, from plant sources like nuts, beans, and whole grains can help. There are hundreds of supplements out there promising to "boost" your brain health or perform a "miracle" for your mind. Science shows plant proteins and mixed berries are great for aging brainsSandy Schulze/APSchwartz looks to the long-term Nurses Health Study for better evidence. It's a landmark public health study that has been running in the US since 1976.

Persons: Joseph Schwartz, It's, Sandy Schulze, Schwartz, munch Organizations: Science, Society, McGill University, Health, Nurses Health

☆ Estee Lauder stock soars as CEO calls 'inflection point' — why we remain guarded
▼ + stars: | 2024-02-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Shares of Estee Lauder popped more than 13% Monday after the cosmetics company delivered better-than-expected results for its fiscal second quarter. That represents a sizable miss versus the greater than 70% growth expected by analysts. About that inflection point: On the post-earnings conference call, Freda said the company is positioned to return to organic sales growth for the total company in the third quarter and organic sales growth to sequentially accelerate in the fourth quarter. The Asia/Pacific region had a 7% organic sales decline on continued weakness in Mainland China. More specifically, a decline in online sales more than offset sales growth in brick-and-mortar locations.

Persons: Estee Lauder, Fabrizio Freda's, Freda, Jim Cramer's, Jim Cramer, Jim, lipsticks, Lauder, Shen Organizations: Revenue, LSEG, Management, Street, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Asia, China, East, Africa, Israel, Pacific, Hong Kong, Korea, Japan, Americas, North America, America

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ American consumers haven't been this upbeat about the economy since 2021
▼ + stars: | 2024-01-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The University of Michigan's consumer sentiment gauge surged in January to 78.8, the highest since July 2021. Year-ahead inflation expectations softened to 2.9%, hitting the lowest since December 2020. The University of Michigan's consumer sentiment gauge jumped to 78.8 in January, the highest mark since July 2021. "Encouragingly for the Federal Reserve consumer inflation expectations fell in January, with 1-year inflation expectations falling to a 3-year low in January." Long-run inflation expectations eased to 2.8%, below the 2.9%-3.0% range seen for 26 of the last 30 months, the survey noted.

Persons: —, Sam Millette, Sal Naro, headcount Organizations: of, Service, University of, Commonwealth Financial Network, Federal Reserve, University of Michigan, Commerce Department, Downside, Busines

☆ Better than feared financials are fueling Foot Locker's stock surge. But we'll take it
▼ + stars: | 2023-11-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Foot Locker (FL) reported quarterly results that can only be described as better than feared: Nearly all of the important metrics came in weaker than a year ago, but they weren't as terrible as expectations on Wall Street. While Wednesday's surge put Foot Locker's quarter-to-date gains at nearly 60%, the stock was still down roughly 27% in 2023. Better sales guidance than previously forecast and only a slightly worse earnings outlook also helped juice shares of Foot Locker. In our view, this is appropriate because Foot Locker is a turnaround story. Shoppers leave the American multinational sportswear and footwear retailer, Foot Locker store in Spain.

Persons: Locker, We're, Mary Dillon, Dillon, we're, Michael Baughn, comps, Cash, Jim Cramer's, Jim Cramer, Jim, Xavi Lopez Organizations: Sports, Nike, Management, EMEA, CNBC, Shoppers, Lightrocket, Getty Locations: North America, Middle East, Africa, Asia, Spain

☆ Gap shares soar on Old Navy brand renewal, controlled inventory
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Comparable sales at Old Navy rose 1% in the third quarter, the first increase in 10 quarters. "Old Navy gained market share, an encouraging early proof point that work to improve both product assortment and brand messaging" were driving results, Gap Chief Financial Officer Katrina O'Connell said on Thursday following the earnings. Gap's struggles with outdated inventory at its namesake brand and Old Navy had pushed customers to look for newer and fresher styles at rivals like Shein and Amazon.com (AMZN.O). Jefferies analysts said new CEO Richard Dickson's prior experience in reinvigorating brands like Barbie at Mattel (MAT.O) could bring a lift to the Old Navy banner. The apparel maker's executives also alluded to a "longer recovery" time for Banana Republic and Athleta, which has seen "product misfires" and weak "retail execution".

Persons: Sarah Meyssonnier, Katrina O'Connell, Richard Dickson's, Barbie, Ananya Mariam Rajesh, Sriraj Organizations: REUTERS, Old Navy, Walmart, Advisory, Navy, Jefferies, Mattel, Banana Republic, Thomson Locations: Paris, France, trendier, encouragingly, Bengaluru

☆ ‘Make Noise Enough’: Excavating Shakespeare’s Songs
▼ + stars: | 2023-10-26 | by ( Corinna Da Fonseca-Wollheim | ) www.nytimes.com time to read: +1 min

Musicians from the early-music ensemble Collectio Musicorum were practicing a 17th-century round on a recent afternoon in Manhattan. The tune was jaunty, full of the cantering rhythms and mimetic horn calls that fit a song about hunting. But sung in canon, some of the notes bumped roughly against one another in daring dissonance. Jeff Dailey, the group’s director, glanced up encouragingly from his music stand. Remember, you’re drunk at this point.”The performers were preparing a program of songs, ballads and rounds from Shakespeare plays that brings to life the tunes scholars think might have been part of the earliest productions.

Persons: Collectio Musicorum, Jeff Dailey, glanced, you’ve, Shakespeare, Shepherd, Robert Johnson, Thomas Morley, Dailey, ” Organizations: Faith Presbyterian Church, Globe Theater Locations: Manhattan, “

☆ Our top 5 stocks of October so far as Wall Street rebounds from a September slump
▼ + stars: | 2023-10-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After a rough September, October has so far been much more kind to stocks and has helped Wall Street cut into some of its third-quarter losses . FL mountain 2023-09-29 Foot Locker's stock performance so far in October. LLY mountain 2023-09-29 Eli Lilly's stock performance so far in October. PANW mountain 2023-09-29 Palo Alto's stock performance so far in October. HUM mountain 2023-09-29 Humana's stock performance so far in October.

Persons: Dow, Locker, Foot, Jim Cramer, Eli Lilly's, Eli Lilly, Jim Cramer's, Jim, Angela Weiss Organizations: Dow Jones, Nasdaq, Nike, Novo Nordisk, Palo Alto Networks, Nvidia, Johnson Controls, Palo Alto, Coterra Energy, Exxon Mobil, Club, Natural Resources, Humana, UnitedHealth, CNBC, New York Stock Exchange, Wall, AFP, Getty Locations: Alto, Israel, U.S, New York City

☆ Opinion: It’s not just about its colonial past. Here’s what India’s possible name change is all about
▼ + stars: | 2023-09-20 | by ( Opinion Akanksha Singh | ) edition.cnn.com time to read: +8 min

The idea, we Indians were told each time, was to allow the nation to make a clean break once and for all with its colonial past. The question on the minds of many people who follow events in India, is why any name change would be needed. It’s an opportunity to double down on India’s Hindu identity, even in the name by which it is called. The debate is a live one, however: Some disagree, saying that no amendment to the constitution would be needed to change India’s name. Do the country’s Indian Institutes of Technology become BITs?

Persons: Akanksha Singh, Singh, Droupadi Murmu, Bharat, Narendra Modi’s, Bharat ”, Modi, It’s, Akbar, Deen Dayal, Modi’s, Rahul Gandhi, Reserve Bank of India –, I’ve, ” Encouragingly Organizations: BBC, Independent, South China Morning Post, CNN, Mumbai CNN, Modi’s Bharatiya Janata Party, BJP, Bharat, Reserve Bank of India, Institutes of Technology, India, United Nations Locations: Mumbai, South China, India, Calcutta, Kolkata, Bombay, Madras, Chennai, Allahabad, Manipur

☆ US retail spending picked up in August, mostly due to sales at gas stations
▼ + stars: | 2023-09-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly. Retail sales, which are adjusted for seasonal swings but not inflation, rose 0.6% in August, the Commerce Department reported Thursday. Excluding sales at gasoline stations, retail spending advanced a more modest 0.2% in August from July. Retail spending increased across most categories, including at restaurants and grocery stores. Online retail sales in August were flat, after jumping in July due to Amazon’s Prime Day promotional event.

Persons: That’s, It’s, “ Fitch, ”, David Silverman, Goldman Sachs, there’s, Lydia Boussour, “ Encouragingly, Boussour Organizations: DC CNN, Commerce Department, AAA, Federal Reserve, Fitch Locations: Washington, Libya, EY

☆ China is bitter medicine for Europe’s EV pivot
▼ + stars: | 2023-09-12 | by ( Neil Unmack | ) www.reuters.com time to read: +7 min

LONDON, Sept 12 (Reuters Breakingviews) - China can offer a bitter medicine for Europe’s bold electric vehicle pivot. That has prompted carmakers to develop premium e-cars for richer punters, rather than mass market vehicles. More competition from Chinese carmakers should help bring down prices of electric vehicles in Europe. It will force Western players to keep cutting costs to avoid losing too much market share, boosting overall e-car adoption. Sales of EVs picked up in August, with Jefferies analysts estimating a total market share across Europe of 23%.

Persons: Oliver Zipse, Olaf Scholz, carmakers, Morgan Stanley, Encouragingly, BYD, ”, EVs, Lisa Jucca, Oliver Taslic, Thomas Shum Organizations: Reuters, Volkswagen, European Automobile Manufacturers ’ Association, HK, Norway, BMW, Reuters Graphics, Jato Dynamics, Benchmark Mineral Intelligence, BYD, Renault, UBS reckons, Financial, Electric, European Union, Jefferies, Thomson Locations: China, Europe, Italy, Europe’s, Germany, Norway, Latvia, Bulgaria, Britain, Polo . China, Western, EU

☆ How Merve Emre became the hottest — and most reviled — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

Last winter, the 37-year-old literary critic and Wesleyan professor Merve Emre stood in front of a microphone in Rachel Comey's Soho boutique. While the others had largely opted to pull boldfaced names from the Review's archives — like a 1985 Gore Vidal piece about Tennessee Williams — Merve Emre would be reading Merve Emre. Emre has penned so many introductions for new anthologies and reissues that one fan joked on Twitter: "every new baby in 2024 comes with an introduction by merve emre." Courtesy of Merve Emre. Over her cocktail, Merve Emre told me what my profile on Merve Emre should be about.

Persons: Merve Emre, Rachel Comey's, Emily Greenhouse, Gore Vidal, Tennessee Williams — Merve Emre, Emre, Diane Williams, who's, Everyone's, Elena Ferrante, Jonathan Franzen, Rachel Cusk, Susan Sontag, Michael Roth, Reading Emre, merve emre, John Guillory, Dorothy Parker, Christopher Hitchens, Jon Fosse, Stephanie LaCava, Batuman, Lawrence, Alison Roman, Frank Gehry, Jason Stanley, someone's, they're, Anna Shechtman, Anne, Maggie Doherty, doesn't, Emre Emre, Roald Dahl's, Matilda, Myers, Briggs, you've, I've, Bain, Chris Bierly, I'd, Amy Lombard, Ferrante, She's, Christian Nakarado, Leo Carey, Jason, Nakarado, hasn't, Emre's, Altan, Emre lasered, Ara Osterweil, McGill, Beyoncé, Osterweil, Al Jazeera, sensitively, Ivy pricks, she's, Michael Berube, He'd, he'd, James Joyce, Simone de Beauvoir, Merve, Sarah Chihaya, —, Mary Butts, Leonora Carrington, Susan Taubes, Taubes, Durga Chew, Christian Lorentzen, Orhan Pamuk, Lena Dunham, Chew, Bose, Yale's, it's, she'd, Taylor Swift, Elif Batuman, Swift, Janet Malcolm, Charlie Kaufman, Roth, we're, What's, Natalie Portman, Mila Kunis, It's, Elizabeth Morache, Rebecca Zisser, David Bergman Organizations: The New York, McGill, Times, New York Magazine, The, Yorker, Wesleyan University, Reading, Twitter, McGill ,, Wesleyan, Ivy League, Yale, Shapiro Center, Creative, NBA, Harvard, Bain & Company, Insider Yale, HBO, Congress, NPR, American Academy of Arts and Sciences, New York, Yahoo, Oxford, Oxford . McGill, University of Oxford, Penn State, Fordham University, Boston, Intelligence Squared, Yale Science, University, Whitney Museum, Netflix Locations: Rachel Comey's Soho, McGill , Oxford, Columbia, Norwegian, New Haven , Connecticut, New Haven, Adana, Turkey, New York, Cambridge, Montreal, United States, chiseling, Turkish

☆ How Merve Emre became the hottest — and most divisive — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

☆ Inflation Picks Up, but Details Under the Surface Are Encouraging
▼ + stars: | 2023-08-10 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to slow the economy and wrestle cost increases back under control. The Consumer Price Index climbed 3.2 percent in July from a year earlier, according to a report released on Thursday. Inflation was rapid in June last year and slightly slower the next month. Economists were more keenly focused on another figure: the “core” inflation index, which strips out volatile food and fuel prices. And on a monthly basis, core inflation roughly matched an encouragingly low pace from the previous month.

Organizations: Federal

HONG KONG, Aug 2 (Reuters Breakingviews) - Koji Sato enjoyed a smooth ride in his first quarter behind the wheel at Toyota Motor (7203.T). Toyota now trades just shy of 10 times estimated earnings for the next 12 months, per Refinitiv. Those same Chinese brands are encroaching on emerging markets like Thailand, where Toyota has traditionally sold well. Executives told investors on Tuesday that they’re eager to review other investments, too, including cross-holdings in the Toyota group and other assets. Total sales rose by 24% to 10.5 trillion yen in the same period.

Persons: Koji Sato, Sato, Toyota’s, that’s, Encouragingly Sato, Antony Currie, Pranav Kiran Organizations: Reuters, Toyota, Ford, General Motors, Nissan, Thomson Locations: HONG KONG, Asia, China, Thailand

☆ With quarterly beat, Procter & Gamble flexes its ability to win in any economy
▼ + stars: | 2023-07-28 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Procter & Gamble (PG) showed once again its ability to raise prices on its many household staples without damaging sales volume — one of the key reasons to own this stock in an uncertain economic environment. The company also delivered organic growth in all product categories and across all geographies in which it operates. Foreign exchange was a 3 percentage point headwind not reflected in organic growth. At the company level, the team has now notched seven straight quarters of 5% or better organic sales growth. Notably, all 10 major product categories posted organic sales growth in the quarter, with five growing double digits.

Persons: Gillette —, it's, Jim Cramer's, Jim Cramer, Jim, Proctor, Tiffany Hagler Organizations: Procter, Gamble, Tide, Management, Enterprise, CNBC, Gamble Co, Geard, Bloomberg, Getty Locations: buybacks, U.S, China, Europe, America, Hastings, Hudson , New York

The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.

Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, —, Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA

☆ Harvard researchers share 7 charts that show the struggles of buying and renting a home in America today, and their recommendations for solving them
▼ + stars: | 2023-06-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The Harvard Joint Center for Housing Studies released their State of The Nation's Housing report. Harvard Joint Center for Housing StudiesOn top of that, mortgage rates have surged from around 3.3% in early 2022 to just under 7% today. Harvard Joint Center for Housing StudiesBlame that in part on falling building rates. Harvard Joint Center for Housing Studies"The construction slowdown in 2022 raised concerns about the nation's large and ongoing housing shortfall. To boost homeownership rates among minority groups, the researchers also proposed lowering credit score minimums for mortgages and taking into consideration other indicators of creditworthiness that aren't reflected in a credit score.

Persons: it's, homeownership Organizations: Harvard Joint Center for Housing Studies, National Association of Realtors . Harvard Joint Center for Housing, Harvard Joint Center for Housing, Harvard, Center for Housing

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