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They changed applicants’ names to suggest that they were white or Black, and male or female — Latisha or Amy, Lamar or Adam. On average, they found, employers contacted the presumed white applicants 9.5 percent more often than the presumed Black applicants. One-fifth of the companies — many of them retailers or car dealers — were responsible for nearly half of the gap in callbacks to white and Black applicants. Two companies favored white applicants over Black applicants significantly more than others. They were AutoNation, a used car retailer, which contacted presumed white applicants 43 percent more often, and Genuine Parts Company, which sells auto parts including under the NAPA brand, and called presumed white candidates 33 percent more often.
Persons: Lamar, Adam Organizations: Genuine, Company Locations: NAPA
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
In electric vehicle motors, rapidly shifting magnetic fields spin a rotor made with magnets that contain “rare Earth minerals” such as terbium and dysprosium. China accounts for a large percentage of the world’s rare Earth minerals supply, according to the United States Geological Survey. And among those minerals used for EV motor magnets, China is responsible for about 90%, according to Niron. The technology could also make EV motors less expensive, he said, but declined to say by what percentage. Daniels would not say when GM expects to begin manufacturing EV motors using the new magnet technology.
Persons: Niron, Niron Magnetics, Jonathan Rowntree, GM EVs, , Kai Daniels, Stellantis, Rowntree, Daniels Organizations: New, New York CNN —, Motors, United States Geological Survey, GM, GM Ventures, Stellantis Ventures, Volvo Car Tech Fund, Chrysler, Dodge, Fiat, Sioux Community, University of Minnesota Locations: New York, Wisconsin, China, dysprosium, Minnesota, Sioux
"CFM is reviewing the documentation turned over by AOG Technics as part of our effort to determine the full extent of their sale of parts with fraudulent documentation," CFM said. AOG Technics could not be reached for comment. The CFM56 is the most sold jet engine in history and was developed by a transatlantic venture that turns 50 next year. The findings cover thousands of parts for the CFM56 engine as well as hundreds of parts for GE's CF6 engines, used mainly on commercial freighters. CFM56 engines entered service in 1982 and power the previous generation of Boeing (BA.N) 737s and about half the previous generation of Airbus (AIR.PA) A320s.
Persons: Philippe Wojazer, France's Safran, AOG Technics, Jose Zamora Yrala, CFM's, Tim Hepher, Bill Berkrot, Deepa Babington Organizations: REUTERS, Rights, Jet, CFM, GE Aerospace, AOG, CFM Materials, Boeing, Airbus, Thomson Locations: Reau, Paris, France, London
The collection amassed by Jein, who died last year at age 76, will be offered up by Heritage Auctions next month in Dallas. Jein, who had an Oscar and Emmy nominated career making miniature models, was also a collector of costumes, props, scripts, artwork, photographs and models from the shows he loved. But a small preliminary model, which is about 5 inches (12 centimeters) long, is among Jein's creations that will be offered at the auction. Chang said Jein loved his work and also had a passion to learn about a wide array of topics. After Jein died, his cousin found that his book collection spanned topics from cooking to the military.
Persons: Greg Jein, Jein, , Joshua Benesh, ” Jein, Steven Spielberg's, Benesh, , William Shatner, Kirk, Leonard Nimoy’s “ Mr, Spock, ” Lou Zutavern, Jein’s, ” Zutavern, Jerry Chang, Chang, Chang's, you’d, ” Chang Organizations: DALLAS, “ Star, Heritage Auctions, Air and Space Museum, , Hollywood, California State University , Los Locations: Dallas, Los Angeles, dumpsters, California State University , Los Angeles, Hollywood
Released in 2019, the Xbox Elite Series 2 is a premium gamepad built for hardcore gamers. I've spent weeks with the Xbox Elite Wireless Controller Series 2, and it's a definite improvement over the classic Xbox gamepad. Xbox Elite Series 2 Controller This high-end Xbox and PC controller has a rechargeable battery, four extra paddle buttons, and extra tools to customize its buttons. Deal Xbox Elite Series 2 Core Controller (White) The Xbox Elite Series 2 is a fantastic high-end controller with rubber grips and adjustable triggers. Xbox Elite Series 2 vs. Elite Series 2 Core: What's the difference?
Persons: , It's, I've, William Antonelli, you've, it's, aren't Organizations: Elite, Xbox Elite, Microsoft
Those export controls, which "were imposed for important reasons," remain in place, Canadian Prime Minister Justin Trudeau's office said in statement. "The Prime Minister discussed Sweden's accession to NATO with our partners in Vilnius, including with President Erdogan," the statement said. Ahead of the NATO summit, Turkey, already seeking assurances over the F-16s in talks with Washington, asked that Canada's export controls also be rolled in to the final discussion, the person familiar with the talks said. At Vilnius, Canada outlined its position to Turkey on rules regarding uses of any exported technologies, and was awaiting a response. This means the talks on export controls are no longer frozen, a move that helped play a role sealing Erdogan's pledge over Sweden, the person said.
Persons: Erdogan, Tayyip Erdogan's greenlight, Justin Trudeau's, Joe Biden, Devlet Bahceli, We've, Huseyin Hayatsever, Jonathan Spicer, Steve Scherer, John Irish, Tom Perry, Jamie Freed Organizations: NATO, Atlantic, Organization, Canada, Canadian, Washington, U.S, Kurdistan Workers Party, European Union, Nationalist Movement Party, Erdogan's, Thomson Locations: Turkey, Erdogan, ANKARA, Canada, Ankara, Sweden, Stockholm, Vilnius, Washington, United States, Armenia, Nagorno, Karabakh, Finland, Turkish, Ukraine, Turkey's, Helsinki, European, Istanbul, Ottawa
SummarySummary Companies Goods trade deficit decreases 6.1% to $91.1 billion in MayWholesale inventories dip 0.1%; retail stocks rise 0.8%WASHINGTON, June 28 (Reuters) - The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. The goods trade deficit decreased 6.1% to $91.1 billion last month, leaving the bulk of April's surge intact. The drop was led by a 7.3% plunge in consumer goods imports. The report also showed that retail inventories increased 0.8% last month after gaining 0.3% in April. Excluding motor vehicles, retail inventories were unchanged after decreasing 0.3% in April.
Persons: nonfarm, Omodunbi, Lucia Mutikani, Chizu Organizations: Goods, Commerce Department, PNC Financial, Trade, Atlanta Federal Reserve, Thomson Locations: WASHINGTON, U.S, Pittsburgh , Pennsylvania
The Labor Department reported that U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation. Futures traders raised to 70% the probability of a 25 basis points hike at the Fed's June 13-14 policy meeting. FEDWATCHFed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision. The Labor Department's closely watched May unemployment report, due on Friday, could decide whether a rate hike occurs. Intel was the biggest gainer on the S&P 500 as the chipmaker said it was on track to hit the upper end of its second-quarter revenue forecast.
Persons: Brendan McDermid, Joe Biden, it's, Brad Conger, Callaghan, Conger, FEDWATCH, Philip Jefferson, Patrick Harker, Tim Ghriskey, we've, Nvidia Corp's, Herbert Lash, Shreyashi Sanyal, Shashwat Chauhan, Shounak Dasgupta, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Senate, Co, Labor Department, Philadelphia Fed, Inverness, Labor, Dow Jones, Nasdaq, Technology, Federal Deposit Insurance Corporation, Parts Inc, Genuine, O'Reily, Hewlett Packard Enterprise Co, Nvidia, Intel, Thomson Locations: New York City, U.S, Conshohocken , Pennsylvania, New York, Bengaluru
[1/2] Fearless Girl is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. The S&P 500 was set to end the month flat, while the Dow shed 3.8%. The S&P 500 financial sector index (.SPSY) fell 1.7%, while banks (.SPXBK) dropped 2.7%. Advance Auto Parts Inc (AAP.N) plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. Declining issues outnumbered advancers for a 2.21-to-1 ratio on the NYSE and for a 2.02-to-1 ratio on the Nasdaq.
Persons: Brendan McDermid, Joe Saluzzi, Phil Blancato, Nvidia Corp's, advancers, Shreyashi Sanyal, Shashwat Chauhan, Shounak Dasgupta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Senate, Themis, Labor, Survey, Traders, Asset Management, Dow Jones, Technology, Federal Deposit Insurance Corporation, Advance, Parts Inc, Genuine, O'Reily, Hewlett Packard Enterprise Co, Nvidia, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru
Companies Advance Auto Parts Inc FollowMay 31 (Reuters) - Advance Auto Parts Inc (AAP.N) lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer's shares down 24% before the opening bell. The Delaware-based supplier now expects to report net sales between $11.2 billion and $11.3 billion for 2023, down from its prior guidance of $11.4 billion to $11.6 billion. Despite pricing actions, the company added that supply headwinds and unfavorable product mix pulled down its first-quarter earnings. The company posted net income of $0.72 per share, down from $2.26 reported last year. The Delaware-based supplier reported net sales of $3.42 billion for the quarter ended April 23, up 1.3% from the prior year.
Persons: Tom Greco, Raechel Thankam, Maju Samuel Organizations: Parts Inc, Thomson Locations: Delaware, The Delaware, Bengaluru
A vehicle pulls out of a parking space outside an Advance Auto Parts Inc. store in Peoria, Illinois. The company earned an adjusted 52 cents per share, beating a Refinitiv forecast of 48 cents per share. Advance Auto Parts — The car parts retailer plummeted more than 25% after a wide earnings miss. The company reported an adjusted 72 cents per share against a Refinitiv consensus forecast of $2.57 per share. American Airlines – Shares of the air carrier rose about 2% premarket after the company raised expectations for the second quarter.
Persons: Bud Light, Ambarella, , Samantha Subin, Fred Imbert, Tanaya Macheel Organizations: Inc, Anheuser, Busch, Hewlett Packard Enterprise, Partners, StreetAccount, FactSet, American Airlines – Locations: Peoria , Illinois
Some human body parts have become useless over the past few million years. Useless body parts include the appendix, the tail bone, and the muscle fibers that produce goose bumps. Take a look at nine body parts that remained in the human body despite having no function for millions of years. Several other body parts used to be important for humans' survival, but they have since become useless. Take a look at nine body parts that remained in the human body despite having no function for millions of years.
Heinz appealed to the internet to find a fisherman who survived 24 days at sea on ketchup. Heinz said the "ketchup boat guy" preferred cash so he could get a new boat more quickly. The company offered to give fisherman Elvis Francois a new boat complete with a navigation system after learning he'd survived 24 days lost at sea on just ketchup and seasonings. Francois told Insider he could only afford to buy a small used boat and engines as the money Heinz gave him "wasn't enough" for a sailboat. He spent EC$18,000 on a small boat and EC$20,000 on two motors.
Meanwhile, BlackRock is part of another group investing $650 million to build chargers along freight routes. Because port real estate is at a premium, most early drayage charging projects will be "behind the fence" on trucking company property, experts said. Electric trucks cannot operate without chargers, but it does not make sense to build chargers if drivers are not using electric trucks. Prologis, the biggest U.S. warehouse owner, created its mobility business to install electric truck chargers and solar panels. "A marriage between real estate and energy infrastructure" will be needed to accelerate the transition to electric-powered trucking, Prologis Mobility's Holland said.
GIGAPRESS 9,000Metal and plastic die casting has been largely used in manufacturing, but its application to large aluminium underbodies in carmaking is relatively new. The global aluminium die casting market was worth almost $73 billion last year and is projected to top $126 billion by 2032, according to an AlixPartners analysis based on Apollo Reports data. Ralf Bechmann of manufacturing consultant EFESO said the benefits of die casting would push it "to be applied to an increasing number of new models of BEV vehicles, also by other manufacturers". Yet not all automakers are convinced, and EFESO's Bechmann cautioned that large module die casting required product design to be "super solid". After initially considering die casting for its upcoming Trinity model, Volkswagen (VOWG_p.DE) has backtracked, while BMW (BMWG.DE) has never expressed an interest.
CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization from upfitter American Expedition Vehicles. Only 150 of the AEV SUVs will be produced as part of a broader 20th Anniversary collection of Wrangler's popular Rubicon model. The 2023 Wrangler Rubicon 392 20th Anniversary vehicle, without the extra off-roading capability, starts at $94,485. A plug-in hybrid electric version of the 20th Anniversary Wrangler Rubicon SUV starts at $71,380.
WASHINGTON, Jan 30 (Reuters) - The Biden administration on Monday asked Mexico under a regional trade pact to again probe whether workers at a VU Manufacturing facility in Piedras Negras are being denied labor rights. In September, Mexico and the United States said they had resolved an earlier complaint under USMCA, saying workers at auto-parts plant VU Manufacturing in northern Mexico were able to elect the union of their choice. "Despite this facility taking positive actions in 2022, some of the failures we identified previously appear to be recurring," said U.S. Trade Representative Katherine Tai on Monday. Michigan-based VU Manufacturing, who produces interior car parts including arm rests and door upholstery, did not immediately reply to a request for comment. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.
Loading chart...Dutch Bros Inc : "You've got to wait [to buy], because we still see wage pressure." Loading chart...Farfetch Ltd : "I don't know FTCH. Loading chart...Bausch Health Companies Inc : "We've got that on what I would regard as being a retainer basis. We simply don't know what to do. Disclaimer: Cramer's Charitable Trust owns shares of Bausch Health Companies and Nvidia.
As a stand-alone company, GE Healthcare will also look to improve its working capital and lower logistics costs, Mr. Zodl said. GE Healthcare will also take a look at its real estate holdings and target over 100 sites, executives said. Ratings firms S&P Global Ratings, Fitch Ratings and Moody’s Investors Service have all given GE Healthcare an investment-grade rating. PREVIEWApart from reducing debt and costs, GE Healthcare will scout for potential tuck-in acquisition targets, Chief Executive Peter Arduini said. GE retains a 19.9% stake in GE Healthcare.
Gross domestic product increased at a 2.9% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. Economists polled by Reuters had forecast GDP growth would be raised to a 2.7% rate. Gross domestic income (GDI) had contracted at a 0.8% pace in the second quarter. Profits from current production decreased $31.6 billion in the third quarter after rising $131.6 billion in the second quarter. Inventories subtracted from GDP growth in the third quarter.
U.S. goods trade deficit widens sharply in October
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Nov 30 (Reuters) - The U.S. trade deficit in goods widened sharply in October as exports declined amid slowing global demand and a strong dollar. The goods trade deficit surged 7.7% to $99.0 billion last month, the Commerce Department said on Wednesday. A smaller trade deficit was one of the main drivers of economic growth in the third quarter. The Commerce Department also reported that wholesale inventories increased 0.8% in October after rising 0.6% in September. Excluding motor vehicles, retail inventories slipped 0.4% after dropping 0.9% in September.
Foot Locker Searches For a New Finance Chief
  + stars: | 2022-11-29 | by ( Kristin Broughton | ) www.wsj.com   time to read: +3 min
Foot Locker Inc. is searching for a new finance chief to succeed Andrew Page, who is stepping down from the shoe-store chain as part of a reshuffling of its senior ranks. He was previously chief accounting officer and controller at Advance Auto Parts Inc., a Raleigh, N.C.-based auto parts retailer. He will step down as chief financial officer of Foot Locker early next year. Photo: The Wall Street Journal Foot Locker is working with an executive recruiting firm to identify a successor, the company said. Also, Foot Locker promoted Rosalind Reeves, its vice president of talent, diversity and organization capability, to chief human resources officer, effective Dec. 1.
[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2022. Despite the sales warning from Target, latest data on U.S. retail sales suggested that consumer spending remained stable and could help to underpin the economy in the fourth quarter. The data showed retail sales rose 1.3% last month after remaining flat in September. Economists polled by Reuters had forecast sales accelerating 1%. ET, Dow e-minis were down 57 points, or 0.17%, S&P 500 e-minis were down 14.25 points, or 0.36%, and Nasdaq 100 e-minis were down 71 points, or 0.6%.
Gareth Kaminski-Cook, CEO of Autins, which makes noise-reducing and thermal insulation for carmakers, gives a tour of the auto supplier's factory in Tamworth, Britain, May 3, 2022. Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have little choice but to shoulder the extra costs of making their components sustainable to meet carmakers' environmental targets. "We're going to see a real big shakeout the next five, 10 years in the auto supply chain." The company, which is worth about $39 billion, launched its own sustainability drive in 2020 and is working on recyclable products with carmakers including Volkswagen, Volvo and BMW. Guell says carmakers only want to work with suppliers who use green energy, leaving him in a tight spot.
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