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☆ Spring homebuying and selling season just kicked off. Are you ready?
▼ + stars: | 2024-02-11 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

So if you’re planning to be in the market this year, here’s what to expect this spring — and how to be ready to pounce. Don’t wait for better prices or ratesLast year was the least affordable housing market since the 1980’s as mortgage rates spiked to 23-year highs at the end of October. But a slightly brighter season is dawning this spring. This spring is offering a bit of rate and price stability said Betty Jans, an Annapolis, Maryland-based real estate agent. “If you wait, and all of the sudden we have a little dip in rates, you’re going to be competing with everyone else that wants to buy then, too,” Jans said.

Persons: it’s, Fannie Mae, Betty Jans, Tiffany Hagler, homebuyers, ”, Jans, Berkshire Hathaway, PenFed, ” Jans, “, Mike Mravca, Mravca, ” Mravca, “ I’ve, Hillary Nash, Nash, “ It’s, you’re Organizations: Washington CNN, NFL, Super, Geard, Bloomberg, Getty, Berkshire, Taylor Properties, NAR, District of Columbia, of Housing, Urban Development, National Housing Conference Locations: Annapolis , Maryland, Larchmont , New York, Virginia , Maryland, Delaware, Washington, Washington , DC, Maryland, Virginia

☆ Uber to Close Alcohol-Delivery App Drizly
▼ + stars: | 2024-01-16 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Jan. 16, 2024 11:01 am ETDrizly functioned similar to food delivery services, allowing customers to order alcohol online. Photo: Tiffany Hagler-Geard/Bloomberg NewsUber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept its final orders in March.

Persons: Tiffany Hagler, Uber, Drizly Organizations: Geard, Bloomberg

☆ Ghost kitchens were supposed to revolutionize restaurants. They’re crashing
▼ + stars: | 2023-12-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

But ghost kitchens are now crashing. Ghost kitchens are stripped-down commercial kitchens with no dine-in option. Sometimes called cloud kitchens, dark kitchens or virtual kitchens, ghost kitchens fulfill online orders from delivery apps like Grubhub and Uber Eats. Ghost kitchens also offered big chains a way to test new menu concepts, items and brands at lower rents and with less labor. So restaurants have shut down their ghost kitchens and funding for the concept has dried up.

Persons: Uber, Pat Greenhouse, ”, John Gordon, ” Wendy’s, Travis Kalanick, Applebee’s, “, Stephen Zagor, ” John Gordon, Tiffany Hagler, Wendy’s, Kalanick’s CloudKitchens, ” Gordon Organizations: New, New York CNN, Big, Kroger, Reef Technology, Boston Globe, Technology, Wings, Columbia Business School, National Restaurant Association, Geard, Bloomberg, Getty, Butler Locations: New York, South Boston, Dobbs Ferry , New York, U.S

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

☆ Okta Says Hackers Stole Data For All Customer Support Users
▼ + stars: | 2023-11-29 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

For nearly all affected customers, only their full name and email address were compromised Photo: Tiffany Hagler-Geard/Bloomberg NewsOkta said hackers stole data for all of its customer support system users in a breach that the identity-verification company disclosed last month. Okta Chief Security Officer David Bradbury said all Okta Workforce Identity Cloud and Customer Identity Solution customers are affected by the hack, except for government customers that use a separate system. Earlier this month, Okta estimated that less than 1% of customers were affected by the breach.

Persons: Tiffany Hagler, Okta, David Bradbury Organizations: Geard, Bloomberg

Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.

Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, “, General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, ’, it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, “, rulemaking

☆ The Way You Pay to Buy or Sell a Home Is About to Change
▼ + stars: | 2023-11-01 | by ( Nicole Friedman | Laura Kusisto | ) www.wsj.com time to read: 1 min

An open house at a home for sale in Scarsdale, N.Y., early this year. Photo: Tiffany Hagler-Geard/Bloomberg NewsHome buyers and sellers face the prospect of major changes to how much and in what way they pay their real-estate agents, following Tuesday’s historic verdict against the National Association of Realtors and large residential brokerages. Those changes could range from minor tweaks to the commission system to a more radical restructuring of the residential real-estate industry, such as more people buying homes without using agents or buyers paying their agents by the hour.

Persons: Tiffany Hagler Organizations: Geard, Bloomberg News Home, National Association of Realtors Locations: Scarsdale, N.Y

☆ The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
▼ + stars: | 2023-11-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

watch nowThe Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. What the federal funds rate means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. To a certain extent, many households have been shielded from the brunt of the Fed's rate hikes so far, House said. As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. If the 10-year yield stays near 5%, federal student loan interest rates could increase again when they reset in the spring, costing student borrowers even more in interest.

Persons: Brett House, that's, Sung Won Sohn, Sohn, bode, Greg McBride, Sam Khater, Freddie Mac's, Tiffany Hagler, Bankrate, Jacob Channel Organizations: Federal Reserve, Fed, Columbia Business School, Loyola Marymount University, SS Economics, Treasury, Geard, Bloomberg, Getty, Auto Locations: Larchmont , New York

☆ These defensive stocks could help investors fortify their portfolio in this risky market
▼ + stars: | 2023-10-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

They must offer income — that is, a dividend yield in excess of 2%. Take a look at the stocks that can help bolster investors' portfolios: Beverage giant Molson Coors made the list of stocks ideal during unstable times. TAP YTD line Molson Coors year-to-date performance Networking and cloud solutions giant Cisco Systems also made the list. In September, Bunge also came up in a CNBC Pro screen for defensive stocks to help investors ride out a market sell-off. Stock Chart Icon Stock chart icon Molson Coors year-to-date performanceNetworking and cloud solutions giant Cisco Systems also made the list.

Persons: Molson Coors, Roth, Bill Kirk, Molson, Kirk, Goldman Sachs, Bunge, FactSet, —, Darla Mercado, Michael Bloom, Tiffany Hagler Organizations: CNBC, Beverage, Molson, Molson Coors, TAP, Cisco Systems, Cisco, Packaging Corporation of America, CME Group, Geard, Bloomberg, Getty, Equity, AFL Aflac, Bunge, Corp, America, Molson Coors Beverage Co, FactSet Beverage, Cisco Systems Inc Locations: Israel

☆ 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

☆ Tyson Foods Reports Loss, Cuts Revenue Outlook for the Year
▼ + stars: | 2023-05-08 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Tyson Foods’ operating income from its chicken business swung to a $258 million loss in its latest quarter. Photo: Tiffany Hagler-Geard/Bloomberg NewsTyson Foods swung to a loss in its latest quarter and cut its sales forecast for the year, as the meat supplier grappled with higher costs across its business. The Springdale, Ark.-based company, which produces about one out of every 5 pounds of chicken, beef and pork sold in the U.S., posted a loss of $97 million, or 28 cents a share, in the period ended April 1, compared with net income of $829 million a year earlier. Analysts polled by Factset had expected Tyson to report 80 cents a share in profit.

☆ Procter & Gamble beats earnings estimates, raises revenue forecast
▼ + stars: | 2023-04-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Procter and Gamble Co. Charmin brand toilet paper is arranged for a photograph taken in Hastings on Hudson, New York, U.S., on Saturday, Oct. 17, 2020. Proctor & Gamble Co. is scheduled to release earnings figures on October 20. Photographer: Tiffany Hagler-Geard/Bloomberg via Getty ImagesProcter & Gamble on Friday reported quarterly earnings and revenue that topped analysts' expectations as higher prices helped offset lower demand for its products. Shares of the company rose more than 1% in premarket trading. Net sales rose 4% to $20.07 billion.

☆ BuzzFeed News Is Shutting Down as BuzzFeed Lays Off 15% of Staff
▼ + stars: | 2023-04-20 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

The company will no longer invest in BuzzFeed News as a stand-alone entity. Photo: Tiffany Hagler-Geard/Bloomberg NewsBuzzFeed Inc. is laying off 15% of its staff and making plans to end BuzzFeed News, as it contends with ongoing business challenges, Chief Executive Jonah Peretti said in a note to employees on Thursday. The company is laying off about 180 people of its total base of 1,200 employees. Chief Revenue Officer Edgar Hernandez and Chief Operating Officer Christian Baesler are departing, BuzzFeed said.

☆ BuzzFeed Moves to Close BuzzFeed News, Lays Off 15% of Staff
▼ + stars: | 2023-04-20 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

☆ BuzzFeed News Is Shutting Down, and Vice World News Could Be Next
▼ + stars: | 2023-04-20 | by ( Alexandra Bruell | Jessica Toonkel | ) www.wsj.com time to read: 1 min

☆ Earnings from Club consumer, health and bank stocks will be our main focus in the week ahead
▼ + stars: | 2023-04-15 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Corporate earnings won't have to share the spotlight with major inflation data in the week ahead as they did during this past week's up-and-down market. From Morgan Stanley, we suspect Friday's bank earnings foreshadow a good release. This past week, we spoke about the importance of listening to what industry players aside from those you're invested in as a way to analyze the competitive landscape. Here are some of those other earnings reports and the economic numbers out in the week ahead. Club trades of the week We made just one trade this past week, in a market that was overbought , purchasing 25 shares of Palo Alto Networks (PANW).

Pharmacists and parents across the country are contending with empty shelves as they search for children’s pain relief medications amid the ongoing spread of RSV, flu and Covid. CVS and Walgreens each announced on Monday that they are limiting the number of children's pain relief medications customers can buy: CVS to two, and Walgreens to six. Courtesy Chantel JablonskiCaswell said shortages of children’s Tylenol and ibuprofen and their generic versions started a month or two ago. Johnson & Johnson Motrin brand children's pain relievers at a Stop & Shop store in Dobbs Ferry, N.Y., on Jan. 23, 2022. Khan said “this is probably the worst” shortage of children’s medicine he’s seen, surpassing even peak Covid.

☆ Hasbro CEO says inflation won't ruin Christmas but Wall Street is worried
▼ + stars: | 2022-11-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

New York CNN Business —The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas. Before joining Hasbro, Cocks was an executive at Microsoft (MSFT) from 1999 through 2006 and 2008 through 2016. Cocks said Hasbro is investing “significantly” in digital toys, particularly digital versions of classic Hasbro board games like “Monopoly” and “Scrabble” as well as D&D and the company’s “Magic: The Gathering” game. It’s definitely been a boon for the game,” Cocks said. “If there’s a couple of truisms in life, there’s death, there’s taxes, and there’s parents wanting to have a great holiday for their kids.”

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