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☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Signs of a sector rotation — plus 2 more themes to watch in the stock market
▼ + stars: | 2023-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Historically, November is the best month of the year for the stock market, and December is third, according to the Stock Trader's Almanac. Under the surface this week, we also saw signs of a possible market rotation in the works. Rotation watch : We must look to next week's trading for confirmation that we're in the grips of a rotation or simply a head fake. Signs of the former were on display this week as the two of the biggest sector winners of the year, communication services and technology , trailed the market. Jobs, jobs, jobs : The most important release of the week comes Friday in the form of the November nonfarm payrolls report.

Persons: Jerome Powell, That's, Locker, it's, Hock Tan, We'll, Joann, JOAN, JM Smucker, OLLI, Campbell Soup, Brown, Forman, LULU, Smith, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Wall, Dow, Nasdaq, Federal, Broadcom, Marvell Technology, Cisco Systems, VMWare, Club, PMI, Labor, Signet Jewelers, SIG, Brands, Toll, Thor Industries, Natural Foods, GameStop, Vail Resorts, MTN, Smith & Wesson, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Asana, ASAN, New York City

☆ Final Trades: Adobe, JM Smucker & more
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Adobe, JM Smucker & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Persons: Smucker Organizations: Adobe

☆ Krispy Kreme looks to sell Insomnia Cookies unit
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

A Krispy Kreme Doughnuts logo is pictured in Burbank, California, U.S., July 1, 2021. Insomnia Cookies, which operates in three countries with over 250 bakeries, is expected to deliver revenues of about $230 million in fiscal year 2023, Krispy Kreme said. For the full year 2022, Krispy Kreme earned a net revenue of $1.53 billion. It was not immediately clear how much stake Krispy Kreme held in Insomnia. Krispy Kreme has hired Evercore and Morgan Stanley to act as financial advisors.

Persons: Mario Anzuoni, Campbell, JM Smucker, Krispy Kreme, Evercore, Morgan Stanley, Granth, Shailesh Organizations: REUTERS, Thomson Locations: Burbank , California, U.S, Bengaluru

☆ Here's why TD Cowen's Robert Moskow favors JM Smucker
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why TD Cowen's Robert Moskow favors JM SmuckerRobert Moskow, TD Cowen food analyst, joins 'Squawk on the Street' to discuss what it'll take for volume to reflect positively, how much of a weak consumer is already baked into stocks, and trends emerging in the consumer space.

Persons: Robert Moskow, JM Smucker Robert Moskow, TD Cowen

☆ Hostess surges 19% after the Twinkie maker agrees to $5.6 billion takeover by JM Smucker
▼ + stars: | 2023-09-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Hostess stock climbed roughly 19% Monday, while JM Smucker declined as much as 8%. Jelly company Smucker agreed to acquire the Twinkie maker for $5.6 billion. Hostess investors will receive $30 in cash, and 0.3002 share of Smucker's stock for each share of Hostess they owned. Hostess shareholders will get $30 in cash and 0.03002 share of Smucker stock for every Hostess share they owned. In 2016, the company had gone public via a merger with a special purpose acquisition company.

Persons: JM Smucker, Smucker, Ding Dongs, Hostess, Campbell's Soup Organizations: Service, Hostess, Sovos Brands, Unilever Locations: Wall, Silicon

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own. The rest, including Twinkies and other Hostess cakes, was acquired by Metropoulos & Co. and Apollo, for $410 million. Smucker Co. and Hostess have both approved the deal, which is expected to close in Smucker's fiscal third quarter.

Persons: Andy Callahan, Twinkies, Hostess, XX, Wonder, Leon Black, Carl’s, Chef Boyardee, Bee, Morgan Stanley's Pam Kaufman Organizations: Hostess Brands Inc, Associated Press, Flowers Foods, McKee Foods, Metropoulos, Apollo Global Management, Pabst Brewing Co, Hostess Locations: Smucker, America, , Kansas

☆ 3-Stock Lunch: TSLA, SJM & BABA
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: TSLA, SJM & BABAVictoria Greene, G Squared Private Wealth, joins ‘Power Lunch’ to discuss three stocks: Tesla, JM Smucker and Alibaba.

Persons: BABA Victoria Greene, JM Smucker Organizations: BABA, Wealth

☆ Lightning Round: Food stocks like JM Smucker are 'just okay', says Jim Cramer
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Food stocks like JM Smucker are 'just okay', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Westrock Coffee, Morgan Stanley, JM Smucker, Alcoa and Twilio.

Persons: Smucker, Jim Cramer, Morgan Stanley, JM Smucker Organizations: Alcoa Locations: Twilio

☆ Cramer's Lightning Round: Stick with Morgan Stanley
▼ + stars: | 2023-09-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Westrock Coffee's year-to-date stock performance. Stock Chart Icon Stock chart icon Twilio's year-to-date stock performance. Stock Chart Icon Stock chart icon JM Smucker's year-to-date stock performance. Stock Chart Icon Stock chart icon Alcoa's year-to-date stock performance. Stock Chart Icon Stock chart icon Morgan Stanley's year-to-date stock performance.

Persons: Westrock, JM Smucker's, JM Smucker, Morgan Stanley's, Morgan Stanley, I've, James Gorman's, Morgan, Chernow Organizations: Alcoa

☆ Morning Bid: Quietly absorbing one more Fed hike
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +5 min

A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. Early Tuesday, futures priced almost a two-thirds chance of that additional quarter-point move in November. And yet - perhaps with the uncertainty dissipating, the economy still robust and bond markets better priced - world markets appear to be taking the tighter odds in their stride. More impressively in the circumstances, restive bond markets calmed down and bond yields continued to dial back from their highest in over a decade last week. Asia bourses more widely and European indices were higher, while Wall St futures were flat ahead of the open.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Jackson, Gina Raimondo, China's, Idalia, Michael Barr, JM Smucker, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Atlanta, Overseas, U.S . Commerce, Garden Holdings, Wall, U.S, Dallas Fed, Federal, Treasury, HP, Reuters Graphics, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Washington, Beijing, China, HK, Asia, Florida's, Coast, Cuba

☆ Kraft Heinz looks to revive Maxwell House brand with new instant iced latte with foam
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

At 131 years old, Maxwell House is no spring chicken, and most of its loyal drinkers aren't either. But Kraft Heinz is looking to revive the coffee brand by appealing to younger consumers with its new iced latte with foam, its first product launch in nearly a decade. Even within the instant coffee segment, Maxwell House ranks third, trailing Nestle's Nescafe and JM Smuckers' Folgers in U.S. market share, according to Euromonitor International data. But with its new Iced Latte with Foam, Maxwell House hopes to bridge that gap and win over new customers. The iced latte with foam is available nationwide at major retailers and on Amazon and comes in three flavors: vanilla, hazelnut and caramel.

Persons: Maxwell, aren't, Kraft Heinz, Nescafe, Smuckers, Dunkin Organizations: Maxwell House, Euromonitor, Starbucks, Maxwell, Kraft Locations: U.S

☆ Morning Bid: Markets level, Aussie hikes, crypto judders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

It raised interest rates by a quarter-point on Tuesday to an 11-year high and warned further tightening may be required to ensure that inflation returns to target, boosting the Aussie dollar as markets had been leaning towards a pause. Eyes will now be trained on the Bank of Canada's latest policy decision on Wednesday, with many forecasting it will resume tightening interest rates after a four-month pause. The crypto world was far from calm, with Bitcoin trying to find its feet after a 5% recoil to three-month lows on Monday. The Securities and Exchange Commission complaint listed 13 charges against Binance, Zhao and the operator of its purportedly independent U.S. exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Binance, Changpeng Zhao, Zhao, Nansen, Antony Blinken, Smucker Organizations: Apple, Federal Reserve, Reserve Bank of Australia, Bank of Canada's, . U.S, Securities, Exchange, Binance, U.S, Saudi, Smucker Reuters Graphics, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Australia, ., Saudi Arabia

☆ The S&P 500 broke out above a key level. Now what?
▼ + stars: | 2023-06-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —The S&P 500 index on Friday closed at its highest level in almost a year. The S&P 500 ended last week up 1.8% at about 4,282, marking its best weekly gain since late March. Now that the index has managed to breach the top level of resistance, that raises the question: Does this rally have legs? An equal-weighted version of the S&P 500 is up only about 1.5% for the year. The good news is that the S&P 500 will likely return to trading within the 3,800 - 4,200 range, meaning any downside — at least in the short term — will likely be limited, according to Turnquist.

Persons: Joe Biden’s, —, José Torres, Adam Turnquist, “ There’s, ”, ” Bitcoin, Saqib Iqbal, ” Iqbal, bitcoin, Iqbal, Smucker Compan, Baker Hughes Organizations: CNN Business, Bell, CNN, Federal Reserve, Interactive, LPL, Treasury Department, Silicon Valley Bank, Signature Bank, Trading.biz

☆ Nasdaq hits 13-month high as investors look ahead to OPEC+ meeting and Apple headset event
▼ + stars: | 2023-06-03 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was a strong week for all three major stock indices, with the market bolstered Friday by strong jobs data and a deal in Washington to raise the U.S. debt ceiling. The S & P 500, the Nasdaq and the Dow Jones Industrial Average all finished the week roughly 2% higher. While Friday's rally broadened out beyond just the usual tech stocks, the Nasdaq ended Friday at its highest level since April 2022. This is the key data to look out for in the week ahead: Monday, June 5 9:15 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: payrolls, Biden, Investors, we've, Joann, JOAN, Ferguson, JM Smucker, Buster's, Campbell Soup, OLLI, Friday's, Jim Cramer's, Jim Cramer, Jim, Anna Moneymaker Organizations: U.S . Labor Department, Nasdaq, Dow Jones Industrial, Organization of Petroleum, Monday Club, Apple, PMI, THOR Industries, ABM Industries, Academy Sports, Ciena Corp, Foods, GameStop, Signet Jewelers, SIG, Company, Brands, Vail Resorts, MTN, Labor, Federal Reserve, U.S, West Texas, Treasury, Jim Cramer's Charitable, CNBC, Capitol, Getty Locations: Washington, OPEC, Vienna, China, U.S, Washington , DC

☆ Strong management can help companies 'change their stripes,' Jim Cramer says
▼ + stars: | 2023-04-06 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Strong management can make all the difference for a company to "change their stripes" in a corporate pivot, CNBC's Jim Cramer said on Thursday. Cramer pointed to Costco as a prime example of the difference capable management can make. A bevy of other, non-retail companies are suffering as well, Cramer said, including medical-technology company Medtronic and industrial concern 3M . There's hope in the food companies, Cramer noted, pointing to stark evolutions from JM Smucker and Campbell Soup , both of which have rebalanced towards snack foods. But at a well-managed company like Costco, Cramer has no concerns.

☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
▼ + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +7 min

The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The week in review, the week ahead — Nov. 18, 2022
▼ + stars: | 2022-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

It certainly gave the market some pause in the back half of the week. Looking ahead, we remind members that markets will be closed on Thursday for Thanksgiving, and will close early at 1:00 p.m. Also Thursday, initial jobless claims for the week ending Nov. 12 came in at 222,000, a decrease of 4,000 from the prior week and below expectations of 228,000. Below are some other earnings reports and economic numbers to watch in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Markets are watching for more clues on Fed hikes and the economy in the week ahead
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder. "That's going to cause its own pressure on markets because markets never look through a profit recession." In the past week, Fed officials maintained their tough tone and some even sounded more hawkish. A rallying stock market is a sign of looser financial conditions. "The stock market is complicating the Fed's objective," said Lyngen.

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