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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Mastercard , Visa : The companies reached a settlement with merchants over swipe fees. "I think that Mastercard and Visa are both terrific stocks and this only makes them better." Reddit : Shares of the social media firm continue to rally since their initial public offering last week. McCormick : Shares surged nearly 10% after the spice maker delivered better-than-expected quarterly results and offered an upbeat guidance.
Persons: Jim Cramer's, They've, Jim Cramer, McCormick, Cramer, Brendan Foley Organizations: CNBC, Club, Mastercard, Visa, Hershey, BNP, United Parcel Service Locations: McCormick
We spend a lot of time understanding consumer behavior, says McCormick CEO Brendan FoleyMcCormick President and CEO Brendan Foley joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer behavior, pricing and more.
Persons: McCormick, Brendan Foley McCormick, Brendan Foley, Jim Cramer
Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.
Persons: , IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland
A new ETF is making a big bet on real estate and other hard assets. CBRE's Investment Management launched the IQ CBRE Real Assets ETF in May with the idea that it will deliver inflation protection in a rising interest rate environment. "The ETF market is lacking options in this space," the ETF's portfolio manager, Dan Foley, told CNBC's "ETF Edge" on Thursday. Plus, he noted that hard assets are crucial in enabling a digital economy in the first place. Since the IQ CBRE Real Assets ETF launched May 10, it's down almost 6%.
Persons: Dan Foley, CNBC's, Foley, decarbonization, it's Organizations: CBRE's Investment Management, ETF, New, Life Investments, Nextera Energy, Assets ETF Locations: Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCBRE's Dan Foley: Here's why inflation makes hard assets a great investmentDan Foley from CBRE Investment Management joins 'Halftime Report' to discuss the ETF connection to infrastructure and real estate, the case for real assets in an inflationary environment, and what asset elements make up the fund.
Persons: Dan Foley Organizations: CBRE Investment Management
Archaeologists have found a collection of well-preserved 500-year-old spices in a shipwreck. The ship belonged to King John of Denmark and sank off the coast of Sweden in 1495. The spices, which include saffron, peppercorns, and ginger, would have been a symbol of high status. The royal ship, called Gribshunden, belonged to King John of Denmark, and it caught fire and sank off the coast of Sweden in 1495. King John traveled to Sweden on the ship as part of a mission to unify Denmark, Norway, and Sweden under his rule, according to ABC News.
REUTERS/Tom LittleLUND, Sweden, March 3 (Reuters) - Archaeologists say they have uncovered a "unique" cache of well-preserved spices, from strands of saffron to peppercorns and ginger, on the wreck of a royal ship that sunk off Sweden's Baltic coast more than 500 years ago. Rediscovered by sports divers in the 1960s, sporadic excavations of the ship have taken place in recent years. Now an excavation led by Brendan Foley, an archaeological scientist at Lund University, has found the spices buried in the silt of the boat. "The Baltic is strange - it's low oxygen, low temperature, low salinity, so many organic things are well preserved in the Baltic where they wouldn't be well preserved elsewhere in the world ocean system," said Foley. Lund University researcher Mikael Larsson, who has been studying the finds, said: "This is the only archaeological context where we've found saffron.
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