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☆ Dani’s Queer Bar opens in Boston, giving Beantown its first lesbian bar in decades
▼ + stars: | 2024-10-04 | by ( Ellie Rudy | ) www.nbcnews.com time to read: +5 min

Dani’s Queer Bar opened its doors to Boston’s LGBTQ community last month, giving the city its first lesbian bar in decades. The venue joins a yearslong “lesbian bar renaissance” that has seen more than a dozen bars for queer women open across the country since the height of the Covid pandemic. After delays caused by permitting issues, Dani’s Queer Bar — reportedly named after Rocha’s American Eskimo pup — finally opened Sept. 12. There was kind of like a hole, so I think [Dani’s] is really filling a need here in our city.”Stevie Dickie and her girlfriend, Jace Williams, pose in front of a mural outside Dani’s Queer Bar. A neon sign adorns an exposed brick wall at Dani’s Queer Bar in Boston.

Persons: ”, Thais Rocha, ” Rocha, “, Rocha, Michelle Wu’s, —, Stevie Dickie, Jace Williams, Dickie, ” Dickie, ” Stevie Dickie, Stevie Dickey, hadn’t, Erica Rose, Rose, Renee Gannon, Amanda Pollock, Gannon, Renee Gannon Kristen Porter, Kristen Porter, Porter, she’s Organizations: Bar, WGBH, ”, Economic, NBC, The, United States Locations: Boston, U.S, Dani’s, Massachusetts, Ipswich, Boylston, Boston’s Back

☆ Stock market today: Indexes rise as traders assess earnings and retail sales beat estimates
▼ + stars: | 2024-07-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bank of America earnings topped estimates, and shares rose early Tuesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks climbed higher as fresh data indicated that consumers were still spending. Excluding autos, sales rose 0.4% against estimates of a 0.1% increase. In the bond market, the 10-year Treasury yield slid moderately, after comments dovish were made by Federal Reserve Chairman Jerome Powell.

Persons: —, Robert Frick, dovish, Jerome Powell Organizations: Bank of America, Service, Navy Federal Credit Union, Bloomberg, Treasury, Federal

☆ Nike shares slide on lackluster outlook, slowing China sales
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. In North America, where demand has been unsteady, sales rose about 3% to $5.07 billion, compared with estimates of $4.75 billion, according to StreetAccount. In China, sales reached $2.08 billion, just below the $2.09 billion analysts had expected. In China, sales grew 5% to $2.08 billion, just below the $2.09 billion analysts had expected. Sales in Asia Pacific and Latin America rose 3% to $1.65 billion, below the $1.69 billion analysts had expected, according to StreetAccount.

Persons: Matthew Friend, Friend, Nike, Jordan, Brooks, Devin Booker, Jane Hali, Jessica Ramirez, She's, it's, They've, Ramirez Organizations: Nike, LSEG, Asia, StreetAccount, Associates, CNBC Locations: Glendale , California, China, North America, Europe, East, Africa, Asia Pacific, Latin America

☆ The Fed can still break markets. Here’s how
▼ + stars: | 2024-02-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those gains came even as Federal Reserve officials attempted to reduce investors’ lofty expectations for a plethora of interest rate cuts this year. It is now signaling that interest rates could come this year but not until spring or summer. That means they think the Fed is keeping interest rates too high and could potentially slow down economic growth too much and risk a recession. That makes the NFL and the Super Bowl all the more valuable to advertisers trying to reach a mass market. Li-Lac Chocolates, which calls itself the oldest chocolate shop in Manhattan, told CNN that their raw chocolate prices are up 13% this February compared to a year ago.

Persons: Torsten Slok, Jerome Powell, Raphael Bostic, Olivier Darcy, Sunday’s, CNN’s John Towfighi, ”, Michele Buck Organizations: CNN Business, Bell, New York CNN, Big Tech, Federal Reserve, Investors, Nasdaq, Federal, Apollo Global Management, National Association for Business, Atlanta Fed, CNN, Kansas City Chiefs, San Francisco 49ers, CBS, Chiefs, Philadelphia Eagles, NFL, Allegiant, NFC, Fox, AFC, Super Bowl, Companies, Hershey Co Locations: New York, There’s, Las Vegas, West Africa, North America, Manhattan

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

TOKYO (AP) — Asian shares surged higher on Wednesday, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation. “Accordingly, we expect GDP growth to slow from 1.7% this year to 0.5% in 2024,” he said in a commentary. Tuesday on Wall Street, the S&P 500 jumped 1.9% for its best day since April and hit a two-month high, closing at 4,495.70. On Wall Street, real-estate stocks and others beaten down particularly hard by higher rates soared to some of the market's biggest gains. Elsewhere on Wall Street, Home Depot rallied 5.4% after reporting stronger profit for the latest quarter than analysts expected.

Persons: Marcel Thieliant, ”, Hong, Seng, Australia's, Korea's Kospi, Russell, Brent Organizations: TOKYO, Nikkei, Capital Economics, Shanghai, Dow Jones Industrial, Nasdaq, Federal, Technology, Amazon, Nvidia, Treasury, U.S ., Alexandria Real, Bank, Zions Bancorp, Comerica, Valley Bank, Home Depot, New York Mercantile Exchange, U.S Locations: Alexandria, REITs, Wall

☆ The Death Rate for Babies in America Rose for the First Time in 20 Years
▼ + stars: | 2023-11-01 | by ( Liz Essley Whyte | ) www.wsj.com time to read: 1 min

The nation’s infant-mortality rate is double that of many developed countries. Photo: iStockThe rate of babies dying in the U.S. increased significantly for the first time in two decades, raising new alarms about maternal-infant health in America. The nation’s infant-mortality rate rose 3% from 2021 to 2022, reversing a decadeslong overall decline, the Centers for Disease Control and Prevention said Wednesday. The rate increased from 5.44 infant deaths for every 1,000 births to 5.6 in 2022, a statistically significant uptick.

Organizations: Centers for Disease Control, Prevention Locations: U.S, America

☆ Mattel reports spike in earnings thanks to Barbie and Hot Wheels
▼ + stars: | 2023-10-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

Worldwide gross billings, or the amount invoiced to customers, for dolls rose 27%, bringing in $885 million to Mattel in the third quarter. Meanwhile, vehicles — mainly driven by Hot Wheels — rose 18% to $519 million compared to the same quarter a year ago. The company reported $146.3 million in net income during the quarter, down 50% from the $289.9 million it reported in the same quarter a year ago. Customers were also snatching up Hot Wheels toys, which partly offset the declines in action figures, building sets and games. Mattel said it sold $350 million worth of Barbie products in the quarter.

Persons: “, Barbie, Disney, Ynon Kreiz, Greta Gerwig, “ Barbie, Kreiz, Parija Kavilanz Organizations: New, New York CNN, Mattel, Disney, Warner Bros, CNN, Warner Bros . Locations: New York, North America, United States

☆ Bank of America tops profit estimates on better-than-expected interest income
▼ + stars: | 2023-10-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Bank of America said interest income rose 4% to $14.4 billion, roughly $300 million more than analysts had anticipated, fueled by higher rates and loan growth. Shares of Bank of America rose 1% in premarket trading. Bank of America was supposed to be one of the biggest beneficiaries of higher interest rates this year. Those securities lost value as interest rates climbed.

Persons: Brian Moynihan, Moynihan, That's, —, Alastair Borthwick, Wells, Morgan Stanley Organizations: of America, Revenue, Bank of America, U.S, Treasury, JPMorgan Chase, JPMorgan, Citigroup Locations: LSEG, Charlotte , North Carolina, Wells Fargo

☆ 'Taylor Swift: The Eras Tour' box office gives theaters a sugar rush. What they need is a steady drip of hits
▼ + stars: | 2023-10-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

So while the this fall harvest is surely welcome, as is so often true, a Swift solution isn’t likely to be an enduring one. Advance sales for “The Eras Tour” left little doubt that the event would be a major success, leaving only the precise numbers in doubt. In that sense, the next blonde hero flying to the rescue might be more important: Brie Larson, a.k.a. Captain Marvel, whose sequel “The Marvels” hits theaters on November 10. Still, there aren’t many artists with the kind of followings that Swift and Beyoncé command.

Persons: Taylor Swift’s, “ Taylor Swift, “ Barbie ”, ”, Barbie ”, “ Oppenheimer, Swift, –, Brie Larson, a.k.a, Captain Marvel, underwhelming, “ Indiana Jones, “ Barbie Organizations: CNN, Hollywood, “, Marvel, Guardians, Galaxy Locations: North America

Aug 24 - Subway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion, sources said, ending a long-drawn auction that saw several bids from buyout firms. The deal will make Roark Capital one of the largest restaurant operators in the world. It controls Inspire Brands, the owner of restaurant chains including Jimmy John's, Arby's, Baskin-Robbins and Buffalo Wild Wings. Subway said in February it was exploring a possible sale, drawing interest from private equity firms including Roark, Advent International, TDR Capital and TPG as well as Goldman Sachs' asset management arm. The restaurant chain had then hoped to fetch more than $10 billion, owing to its strong brand and international business.

Persons: Roark, Jimmy John's, Neil Saunders, GlobalData, Goldman Sachs, Anirban Sen, Deborah Sophia, Arun Koyyur Organizations: Roark Capital, TDR, Sycamore Partners, Brands, Baskin, Robbins, Buffalo Wild Wings, Subway, Advent, TDR Capital, TPG, Thomson Locations: U.S, North America, New York, Bengaluru

These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources familiar with the matter said. The arrangement helped bridge a gap in the valuation expectations between Roark Capital and the DeLuca and Buck families that own Subway, according to the sources. The deal will make Roark Capital one of the largest restaurant operators in the world. Subway said in February it was exploring a possible sale, drawing interest from private equity firms including Roark, Advent International, TDR Capital and TPG as well as Goldman Sachs' asset management arm. Roark and Subway have 12 months to close the deal, which has a 4% breakup fee, sources said.

Persons: Roark, DeLuca, Buck, Jimmy John's, Neil Saunders, GlobalData, Goldman Sachs, Anirban Sen, Abigail Summerville, Deborah Sophia, Arun Koyyur Organizations: Roark Capital, TDR, Sycamore Partners, Brands, Baskin, Robbins, Buffalo Wild Wings, Subway, Advent, TDR Capital, TPG, Thomson Locations: U.S, North America, New York, Bengaluru

☆ Stocks making the biggest moves midday: Coinbase, GitLab, HealthEquity and more
▼ + stars: | 2023-06-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Here are the stocks making the biggest moves in midday trading Tuesday, June 6. Coinbase — Shares of the crypto exchange fell 12% after the U.S. Securities and Exchange Commission sued Coinbase on Tuesday. GitLab reported a 6-cent loss per share, better than the 14-cent loss per share the consensus anticipated, according to Refinitiv. Thor reported earnings of $2.24 per diluted share, while analysts surveyed by FactSet were expecting $1.07 per share. HealthEquity — The stock added about 11.6% the day after the company beat expectations on earnings and gave positive full-year guidance.

Persons: Coinbase, GitLab, Refinitiv, Thor, FactSet, Zions Bancorporation, KeyCorp, McCormick, Smucker, —, Alex Harring, Yun Li, Samantha Subin Organizations: U.S . Securities, Exchange Commission, SEC, Industries, Thor Industries, Comerica, KeyCorp, Regional Bank ETF, Bank of America, VF Corp, — Locations: KeyCorp —, California

☆ Colgate-Palmolive raises annual organic sales forecast on price hikes
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Colgate-Palmolive Co (CL.N) raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. The company now expects full-year organic sales growth of 4% to 6%, compared with its prior expectations of 3% to 5% range. Peer Kimberly-Clark Corp (KMB.N) also raised its full-year profit forecast on Tuesday, helped by consistent price hikes. While that pulled down its total organic volumes by 2%, this was more than offset by a 12% increase in prices. Colgate-Palmolive's revenue rose over 8% to $4.77 billion in the quarter ended March 31, beating analysts' average estimate of $4.58 billion, according to Refinitiv data.

☆ Oilfield firm Baker Hughes beats profit estimate
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERSApril 19 (Reuters) - Oilfield technology firm Baker Hughes Co (BKR.O) beat first-quarter profit estimates on Wednesday, boosted by higher demand for its services from oil and natural gas producers looking to cash in on a recovery in China and strong prices. The average North America rig count for the quarter stood at 948, 12% higher than the previous year, as per Baker Hughes data. Baker Hughes kicks off first-quarter earnings for the oilfield services industry. Industry leader SLB (SLB.N) is expected to report quarterly results on Friday and Halliburton Co (HAL.N) on Tuesday.

☆ Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more
▼ + stars: | 2023-03-21 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

U.S. Bancorp rose nearly 8%. UBS — U.S.-listed shares of the Swiss-based bank gained 12% during midday trading following its agreement over the weekend to buy Credit Suisse for $3.2 billion. Roblox — Shares rose more than 3% after D.A. Emerson Electric — Shares added nearly 2% after Morgan Stanley said shares of the multinational tech company are too attractive to ignore. Exxon Mobil — The oil and gas giant's stock price gained 3% after Morgan Stanley said it likes the company's robust "competitive positioning."

☆ Oilfield firm SLB beats Wall St. estimates for fourth-quarter profit
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

Companies Schlumberger NV FollowJan 20 (Reuters) - SLB (SLB.N) beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment from operators as oil and gas prices remained elevated amid tight supplies. SLB had benefited from increased oil drilling and production activity in North America last year. The top oilfield services firm said revenue from North America rose 27% to $1.63 billion in the reported quarter. Average North America rig count, an early indicator of future output, for Oct-Dec 2022 quarter, rose to 965 from 720 a year earlier, according to data from Baker Hughes. Average international rig count for the quarter stood at 1,872, nearly 22% higher from the previous year.

Bank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slowdown in investment banking. Expectations were running high that Bank of America would post gains in interest income thanks to higher rates and loan growth in the fourth quarter. The bank reported $14.7 billion of net interest income, up 29% year over year but slightly below Wall Street expectations of $14.9 billion, according to StreetAccount. Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve's rate-boosting campaign. On the consumer banking front, Bank of America reported that balances were roughly flat, while credit card and debit spending rose 5% year over year.

☆ Stock futures rise after Nasdaq notches best day since July
▼ + stars: | 2022-10-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Stock futures rose Monday evening after the Nasdaq Composite posted its best daily performance since July. S&P 500 futures jumped 0.49% and Nasdaq 100 futures climbed 0.55%. The Nasdaq surged 3.43% as tech stocks rebounded, led by names such as Amazon, Meta Platforms and Microsoft. More big bank earnings are on deck. Johnson & Johnson, Netflix and United Airlines will also announce results that day.

☆ Goldman sees this options trade as attractive heading into the Fed decision
▼ + stars: | 2022-09-21 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

That can create an opportunity for options investors, according to Goldman Sachs. "Among stocks, options in CMA , ZION and STT screen as most attractive relative to historical one-day moves on FOMC days," the note said. Here's a look at some of the bank stocks on Goldman's list and their average moves on Fed decision days in recent years, led by Comerica. The options market was pricing in lower-than-average volatility in these stocks, creating an opportunity for investors, Goldman said. Bank stocks can be particularly sensitive to Fed decisions because their business models are closely tied to interest rates and the state of the economy.

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