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Read previewThe accountant shortage is so bad that companies are delaying filing key mandatory reports. On Friday, Tupperware said it didn't have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of companies that have delayed their annual reports for a host of reasons. About 70 companies have postponed annual reports this year, up 40% from last year, research company Intelligize tallied last month. Tupperware added that previous delays in filing its 2022 annual report led to postponement of its quarterly reports, which subsequently pushed back work on its 2023 annual report.
Persons: , Tupperware, Intelligize, Steven Kachelmeier, Fitness Organizations: Service, Business, LinkedIn, PricewaterhouseCoopers, American Institute of Certified Public Accountants, US Bureau of Labor Statistics, Accountants, University of Texas, Mattel, Securities, Exchanges Locations: Orlando, Poland, American
Some economists interpreted that as a sign that the Fed is now more tolerant of higher inflation. Powell pushed back on the perception that the central bank has grown more comfortable with inflation being higher for longer than expected in his post-meeting news conference. and my sense coming out of this month’s meeting was that Fed Chair Powell wants to get this easing cycle going sooner rather than later. What’s allowing the Fed to be patient or more tolerant of higher inflation? They’re willing to essentially look through some of the bumpiness in the inflation data at the beginning of the year.
Persons: Jerome Powell, That’s, Powell, , ” Powell, “ We’re, Mohamed El, Erian, , Bell, Lydia Boussour, they’re, What’s, we’ve, Nathaniel Meyersohn, Read, Levi Strauss, Tupperware Organizations: Washington CNN, Federal Reserve, Financial Times, Fed, Home Depot, Home, P Global, Institute for Supply Management, Maine Foods, Dave, Buster’s Entertainment, US Labor Department, US Commerce Department, Stanford University Locations: EY, Cal
New York CNN —Truth Social owner Trump Media & Technology Group announced Monday its merger with a publicly traded shell company has closed and trading will begin on the stock market on Tuesday. Trading of the new company under the ticker symbol “DJT” on the Nasdaq Stock Market is set to begin on Tuesday, the companies said. Shares of Digital World Acquisition Corp (DWAC), the shell company that now owns Truth Social, surged more than 20% on Monday. Experts warn that the market is overvaluing Trump Media given the company’s fundamentals. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.
Persons: Donald Trump, Devin Nunes, , ” Nunes, CNN’s Elisabeth Buchwald, Krystal Hur Organizations: New, New York CNN, Truth, Trump Media & Technology Group, Trump Media, Corp, Nasdaq, Digital, Trump, Big Tech, overvaluing Trump Media, SEC, Twitter, CNN, AMC Entertainment, GameStop Locations: New York
Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.
Persons: Wall Street’s, , ” Kathy Bostjancic, , Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo
Dietitian Gabrielle Morse makes sure her diet takes care of her gut health. She stocks up on herbs, spices, sauces, legumes, and whole grains for easy, tasty meals. Morse also includes a variety of nuts and seeds in her diet for added nutritional benefits. Research shows that people who eat a wide range of plants have a more diverse microbiome, which is associated with better gut health. Herbs and spicesMaking sure she's enjoying her food is crucial for Morse, so she keeps her kitchen stocked with lots of herbs and spices for seasoning.
Persons: Dietitian Gabrielle Morse, Morse, , Gabrielle Morse, she's, Basil Rosemary, Curry Organizations: Service, Health Clinic, Research Locations: Chile
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic, that involves buying a variety of fresh fruits and vegetables each week while also keeping her store cupboard stocked with a few staples to make nutritious and tasty meals. That enables her to hit her goal of eating 30 plants — from beans, nuts, and seeds to spices and dark chocolate — a week without meal planning. However, Morse, like other gut health experts, says eating 30 different plant foods a week is best for the gut microbiome, the trillions of microbes that live in the digestive system. Research shows that people who eat a wide range of plants have a more diverse microbiome, which is associated with better gut health.
Persons: , Gabrielle Morse, Morse, she's, Basil Rosemary, Curry Organizations: Service, Health Clinic, Business, Research Locations: Chile
A lump started growing under my armpit, and it was noticable enough for my mom to say something. I'm glad I listened to my mom, it turned out to be a rapidly growing benign tumor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To me, the lump growing under my armpit for the last two years was something only I could see. AdvertisementMy doctor wasn't worried about my lump, but my mom wasTo me, the lump was an opportunity to turn more heads at parties.
Persons: , I'd, she'd, Oz, wasn't, aren't, I've Organizations: Service
Research suggests that gut health is central to overall health. A prominent study found that eating 30 plants a week leads to a more diverse gut microbiome. “Looking after your gut health really lowers your risk of things like colon cancer and inflammatory bowel disease, and it can look after your mental health,” Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic , told Business Insider. “There's a gut-liver axis, so our gut health looks after our liver. AdvertisementMorse also carries a small Tupperware of mixed seeds with her so she can sprinkle some of those on top.
Persons: Dietitian Gabrielle Morse, , ” Gabrielle Morse, , Morse, ” Morse, , She’ll, she’s Organizations: Service, Health, Business Locations: Brazil
Tupperware picks Spanx veteran as new CEO
  + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +2 min
New York CNN —Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. In addition to her experience heading up Spanx for 12 years, Goldman also previously was CEO of Avon North America from August 2018 to August 2019. She was most recently CEO of OVME Aesthetics, a provider of medical aesthetics products and services prior to coming on board at Tupperware. Tupperware named Laurie Ann Goldman at its new CEO on Wednesday. Last October, in a massive shift in its business model, Tupperware rolled out its containers onto Target shelves nationwide.
Persons: Laurie Ann Goldman, Goldman, Miguel Fernandez, Tupperware, Sean Zanni, Patrick McMullan, Laurie Ann, ” Susan Cameron, “ Laurie Ann, It’s, , – CNN’s David Goldman Organizations: New, New York CNN, Brands, Avon Locations: New York, Spanx, Avon North America, Tupperware, The Florida, Bath
Tupperware products are offered for sale at a retail store in Chicago on April 10, 2023. Tupperware on Tuesday appointed Laurie Ann Goldman as its new CEO and shook up its board as the iconic brand tries to overcome its recent struggles. Goldman's predecessor, Miguel Fernandez, worked just three years as the company's CEO. The container maker also appointed three new members to its board, with Fernandez departing the board, the company said in a statement. "Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth," said Susan Cameron, Tupperware's chair.
Persons: Tupperware, Laurie Ann Goldman, Miguel Fernandez, Fernandez, Goldman, Laurie Ann, Susan Cameron, Tupperware's Organizations: Avon North, CNBC Locations: Chicago, Avon North America
REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS) Acquire Licensing RightsNEW YORK, Aug 25 (Reuters Breakingviews) - Tupperware Brands (TUP.N) is struggling to stop the rot. As much as technology has remade business strategies over the past 77 years, Facebook owner Meta Platforms (META.O) leans on a comparable one. Enter Brownie Wise, the saleswoman credited with pioneering the “Tupperware effect” of teaching women how to flog to their friends by hosting themed gatherings in their living rooms. Ironically enough, in the interim Tupperware also become the product of another modern network effect, a meme stock, or a highly speculative online investment. Tupperware has about a quarter of the active salesforce it did at the end of 2012, the same year Facebook bought Instagram.
Persons: Mike Blake, UNITED, , Earl Tupper, Tupperware, Brownie Wise, Tammy Hembrow, June Cleaver, influencers, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Safeway Inc, Reuters, Tupperware, Meta, Pew Research, Facebook, Brands, Thomson Locations: Encinitas , California, Vons, Australian, Tupperware’s
Here are some charts illustrating what has changed, and what has not, in meme stocks. Data from JPMorgan illustrate how quickly sentiment can turn among individual investors, who have been among the key drivers of moves in meme stocks. Retail investors sold a net $852 million in single stocks in the past week. The Roundhill MEME ETF (MEME.P), which tracks the performance of a basket of meme stocks, is down about 55% from where it started trading in December 2021, though up about 38% for the year. A quick rise, often followed by a rapid descent, is a fate common to meme stocks of both the past and present.
Persons: Brendan McDermid, Marco Iachini, Vanda's, Iachini, Jonathan Krinsky, Tupperware, Saqib Iqbal Ahmed, Laura Matthews, Ira Iosebashvili, Jamie Freed Organizations: New York Stock Exchange, REUTERS, GameStop, Tupperware Brands, Corp, JPMorgan, Vanda Research, Retail, Global, Reuters, AMC Entertainment, Thomson Locations: New York City, U.S
Why WeWork may be the next hot meme stock
  + stars: | 2023-08-12 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Warning investors you company could be on the verge of bankruptcy is not as bad as it sounds in meme-stock world. Companies that have recently warned of imminent bankruptcy have seen their stock prices soar. WeWork is the latest company to enter meme status with a surging stock price despite bad news. This week it saw its stock price soar as much as 162% after it warned investors of its financial troubles. The stock traded up as much as 49% on Friday, but eventually slashed those gains in half to about 20%.
Persons: WeWork, it's Organizations: Companies, Service, GameStop, AMC Entertainment Locations: Wall, Silicon, YCharts
The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m. Amyris (AMRS.O) and WeWork (WE.N) were the second and third most traded stocks by retail investors, respectively, while Proterra (PTRA.O) was twelfth on the list at 10 a.m. Some of the latest speculative bets on the penny stocks were pinned on hopes of a merger and acquisition or a turnaround for the struggling businesses. Another set of retail traders are looking to capitalize on the volatility, especially by squeezing bearish investors on highly shorted stocks. Last week retail traders had piled into shares of Tupperware Brands (TUP.N) and trucking firm Yellow (YELL.O).
Persons: Kate Munsch, Amyris, Proterra, WeWork, Lucas Mantle, AJ Bell, Russ Mould, Matthew Tuttle, Medha Singh, Shounak Dasgupta Organizations: REUTERS, U.S, Biotech, Vanda Research, Hertz, Tuttle Capital Management, Tupperware Brands, Thomson Locations: San Francisco , California, U.S, Bengaluru
Tupperware’s Plastic Empire Through the Years
  + stars: | 2023-08-06 | by ( Ngai Yeung | Connie Chew | ) www.wsj.com   time to read: 1 min
Tupper sold the company to Rexall Drugs in 1958. A few years later, Tupperware was selling in Europe and South America. In 2021, nearly 90% of sales came from outside the U.S. Products are distributed in almost 70 countries. Ton Koene/Zuma Press
Persons: Tupper, Tupperware, Koene Organizations: Drugs, U.S . Products, Zuma Locations: Europe, South America
Meme Stocks Are a Thing—Again
  + stars: | 2023-08-05 | by ( Hannah Miao | Gunjan Banerji | ) www.wsj.com   time to read: 1 min
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A partial counterweight to Apple for the S&P 500 and Nasdaq was Amazon.com. Amazon's rise were an 11-point positive for the S&P 500. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. DraftKings' (DKNG.O) shares rose 5.8% after the sports-betting firm raised its fiscal year 2023 revenue outlook. The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 54 new highs and 91 new lows.
Persons: dents, jitters, Said Greg Bassuk, Brendan McDermid, Carl Icahn, DraftKings, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: Companies, Apple, Dow, Nasdaq, AXS Investments, Treasury, Labor Department, Reuters, New York Stock Exchange, REUTERS, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York, Ukraine, China, New York City, U.S, Bengaluru
The yield on the 10-year benchmark note dipped on Friday after the jobs data, but still remained above 4%, partly boosting some megacap stocks. "At this point in some ways the jobs data doesn't do much to the Fed. Giving solid boost to the S&P 500 index, Amazon.com shares (AMZN.O) surged 10.9% after the company issued an upbeat third-quarter outlook. Of the 422 companies in the S&P 500 that have reported quarterly earnings as of Friday, 79.1% have beat analysts' estimates, according to Refinitiv data. Amgen (AMGN.O) gained 6.2% after it reported a higher quarterly profit on strong sales of its cholesterol, osteoporosis and other drugs.
Persons: Brendan McDermid, David Russell, Stocks, Carl Icahn, DraftKings, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Organizations: New York Stock Exchange, REUTERS, Apple, Dow, Nasdaq, Labor Department, Data, Reuters, Fed, Treasury, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York City, U.S, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. All eyes will be squarely on the July U.S. nonfarm payrolls report, due at 8:30 a.m. ET, with a Reuters poll of economists estimating payrolls increased by 200,000 jobs last month, after having risen 209,000 in June, showing labor market conditions remain tight. "Today's NFP data would be important for setting the market tone for the coming weeks," Jefferies strategist Mohit Kumar said. ET, Dow e-minis were up 10 points, or 0.03%, S&P 500 e-minis were up 8.5 points, or 0.19%, and Nasdaq 100 e-minis were up 44.25 points, or 0.29%.
Persons: Brendan McDermid, Amazon's, nonfarm, Jefferies, Mohit Kumar, Stocks, DraftKings, Shubham Batra, Bansari, Savio D'Souza, Shounak Organizations: New York Stock Exchange, REUTERS, Apple Futures, Dow, Nasdaq, Amazon.com, Microsoft, Labor Department, Fitch, AAA, Dow e, Horizon Therapeutics, Sports, Thomson Locations: New York City, U.S, States, Bengaluru
Tupperware may not go out of business after all
  + stars: | 2023-08-04 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —Tupperware was left for dead; a relic of a lost time when leftovers storage had but one dominant market player. In other words, Tupperware (TUP) has been given new life. Tupperware is still an extremely troubled brand, and the stock is still trading below $6 a share. Tupperware has been considering layoffs and property sales to stay afloat. Once sold exclusively by multi-level marketers, similar to Avon and Amway, Tupperware parties were a staple of a bygone era.
Persons: New York CNN — Tupperware, , , Mariela Matute, aren’t, Tupperware, CNN’s Nicole Goodkind Organizations: New, New York CNN, Tupperware, , BlackRock, Amway, Target, New York Stock Exchange Locations: New York, Avon, noncompliance
Apple reported earnings per share for the fiscal third quarter of $1.26, 7 cents more than expected by analysts polled by Refinitiv. The company posted adjusted earnings of $37.62 per share on revenue of $5.46 billion in the second quarter. Fortinet posted 38 cents in adjusted earnings per share, while analysts polled by Refinitiv expected 34 cents per share. Dropbox posted 51 cents in adjusted earnings per share, while analysts surveyed by Refinitiv anticipated 46 cents. The company reported adjusted earnings per share of 18 cents Thursday, topping the 10 cents expected from analysts polled by StreetAccount.
Persons: Tupperware, Carl Icahn's, Hindenburg, Jack Dorsey, Nikola —, Nikola, Fortinet, Refinitiv, Opendoor, DraftKings, Dropbox, Sprout, Raymond James, , Samantha Subin, Hakyung Kim, Pia Singh, Michelle Fox, Yun Li Organizations: Apple, Refinitiv, Revenue, Holdings, Icahn, Fortinet, Technologies, Refinitiv . Revenue, Tagger Media, Exchange, Citi, StreetAccount, Petrobras —, JPMorgan Locations: U.S, Canada
Lately, it seems that retail traders have been focused on Tupperware. The share price of the iconic food container brand has seen a meteoric rise over the past two weeks. That's up nearly 480% from when its stock price hit a 52-week low of $0.61 per share on July 20. Tupperware's rapid rise is being fueled by retail traders who are buying up the stock and driving the price higher, according to Barron's. Other well-known companies have experienced similar boosts in the past, thanks to retail traders too.
Persons: Tupperware Organizations: GameStop, AMC Entertainment
AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images)Check out the companies making headlines before the bell Friday. The company reported earnings per share for the fiscal third quarter came at $1.26, above the $1.19 expected by analysts polled by Refinitiv. Block — Shares of the payments tech company slid more than 5% in premarket trading even after the firm reported second-quarter earnings and revenue above expectations. The company formerly known as Square reported earnings of 39 cents per share, beating expectations by 3 cents, according to Refinitiv. Amazon reported earnings of 65 cents a share, ahead of the 35 cents expected by analysts, per Refinitiv.
Persons: JEAN, FRANCOIS MONIER, Refinitiv, Nikola —, Nikola, Fortinet, DraftKings, Yun Li, Sarah Min Organizations: Tupperware Brands, AFP, Getty, Apple —, Refinitiv, Revenue, Holdings, Opendoor, Opendoor Technologies, StreetAccount Locations: Joue, France, AFP, Refinitiv, U.S, Canada
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Shares of Tupperware Brands (TUP.N) surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround of its business, reinvigorating retail investors' interest in the company. It was the seventh most traded stock by retail investors at 10:00 a.m. The share gains were reminiscent of eye watering "meme stocks" rallies, where retail investors coordinate on social media and typically focus their speculative bets on companies that were financially struggling or had high short interest. Tupperware was the second most actively traded single stock by retail traders over the past week, according to a J.P.Morgan note.
Persons: Brendan McDermid, Tupperware, Bartosz, stocktwits.com, Peter Earle, Medha Singh, Savyata Mishra, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Tupperware Brands, American Institute for Economic Research, American, Corp, Thomson Locations: New York City, U.S, Florida, Bengaluru
Various Tupperware containers are seen in this undated still image obtained from a video. Reuters TV via REUTERSAug 3 (Reuters) - Tupperware Brands (TUP.N) said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround its business, sending its shares soaring 57% after the bell. The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Known for its plastic airtight storage containers and bowls, Tupperware has seen a sharp drop in demand recently as consumers limit discretionary purchases amid higher prices and fears of recession. The agreement also paves the way for the extension of the maturity of about $348 million of principal and reallocated interest and fees to 2027 with payment-in-kind interest.
Persons: Tupperware, Ananya Mariam Rajesh, Granth Vanaik, Deborah Sophia, Arun Koyyur Organizations: Reuters, REUTERS, Tupperware, Moelis, Bed, Thomson Locations: Bengaluru
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