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☆ What Walmart's RTO mandate is really about
▼ + stars: | 2024-05-20 | by ( Dominick Reuter | Tim Paradis | ) www.businessinsider.com time to read: +7 min

Walmart's chief people officer, Donna Morris, commented similarly in a memo announcing the layoffs and relocations earlier that week. She wrote that working in an office would help workers collaborate, innovate, and "move even faster." Still, some employees continued working remotely, and several satellite offices remained open in cities like Atlanta, Dallas, Toronto, and Seattle. He also said he doesn't think the company is using this RTO mandate as a cover for achieving cost savings through workforce reductions, commonly referred to as "quiet firing," but that it's more part of Walmart's ethos. For the remote worker BI spoke with, the next few weeks will be filled with uncertainty.

Persons: —, it's, Sam Walton, Nelson Lichtenstein, Doug McMillon, Donna Morris, Morris, Suresh Kumar, Walmart's, Kumar, Kelli Oakes, she'd, I'm, Oakes, Lichtenstein, there's, Gartner Organizations: Service, Walmart, Business, University of California, Executives, BI, Home, LinkedIn, Walmart Global Tech, Sam's Club, UC Locations: Arkansas, Bentonville , Arkansas, New York, San Francisco, Santa Barbara, Bentonville, Atlanta, Dallas, Toronto, Seattle, Bay, Hoboken , New Jersey, South Carolina, Northwest Arkansas

☆ Over half of Gen Z and millennials are living paycheck to paycheck — and college is one of the first things they're cutting from their budgets
▼ + stars: | 2024-05-15 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Younger workers are foregoing higher education as costs continue to remain top of mind — and the value of a college education isn't what it used to be. On Wednesday, Deloitte released a survey on Gen Z and millennial attitudes toward the world and their financial conditions. That comes as over half of Gen Z and millennials are living paycheck to paycheck, per the report — a continued trend among younger workers. For both Gen Z and millennials, the cost of living is their top concern, with Gen Z also concerned about potential unemployment. Still, younger adults' perceptions toward higher education seem to skew away from overall attitudes toward a postsecondary degree or credential.

Persons: Gen, millennials, Zs, Elizabeth Faber, Gen Z, Faber, YouGov, hasn't, they're Organizations: Service, Deloitte, Business, Deloitte Global Chief People, Gallup, Lumina Foundation

☆ U.S. economy looks like 'mixed picture' despite resilience from consumer, says Citi's Nathan Sheets
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy looks like 'mixed picture' despite resilience from consumer, says Citi's Nathan SheetsNathan Sheets, Citi global chief economist, joins 'Money Movers' to discuss what grounds Citi to their previous forecasts, consumers who seem more price-sensitive, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: U.S, Citi

☆ Economic conditions are in a "goldilocks" period, says Jeremy Schwartz
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic conditions are in a "goldilocks" period, says Jeremy SchwartzJeremy Schwartz, Global Chief Investment Officer at WisdomTree, discusses the economy, earnings, and the international markets.

Persons: Jeremy Schwartz Jeremy Schwartz Organizations: Global Chief

☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

☆ 10 of the biggest moments in Met Gala history
▼ + stars: | 2024-05-06 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

The Met Gala is home to some of history's biggest fashion and pop-culture moments. Zendaya's Joan of Arc-inspired look from 2018's Gala remains one of her most iconic fashion moments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Throughout the years, the Met Gala has transformed into a multimillion-dollar fundraiser — last year's event reportedly raised $22 million — filled with unforgettable fashion, controversies, and canon-level pop-culture moments. AdvertisementAs the world awaits all that this year's party has to offer on May 6, here's a look back at 10 memorable moments in Met Gala history.

Persons: Taylor, Joan of Arc, —, What's, Eleanor Lambert, who's, Diana Vreeland, Pat Buckley, Anna Wintour, Condé Nast, Wintour Organizations: Service, New York, Metropolitan Museum, Art's, Vogue, Party

☆ Has the US cracked the code on avoiding recessions? It would be great news for your job security and stock portfolio.
▼ + stars: | 2024-05-06 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

But some economists have argued that flawed historical economic data puts this claim in question. The further back you go — the NBER data goes to about 1850 — the more common recessions were. He said the NBER's pre-1914 recession data, in particular, is "very poor," and that only economic data collected after World War II is of good quality. "So the growing share of services also means you're going to have more stable economic growth." AdvertisementTo be sure, while a stable economy has its benefits, it's not the only indicator of a healthy economy.

Persons: —, they'll, haven't, George Selgin, what's, NBER, Selgin, Joseph H, Davis, Satyam Panday, Panday, it's, they've Organizations: Service, National Bureau of Economic Research, Cato Institute, of Labor Statistics didn't, US, Vanguard, US Department of Agriculture, Satyam, Federal Reserve, Fed

☆ Restaurants are competing for frugal diners’ dollars
▼ + stars: | 2024-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

For some restaurants, it feels like a battle to get them to spend. Olive Garden-parent Darden Restaurants saw same-restaurant sales dip during its most recent quarter. Darden saw sales from households with incomes above $150,000 climb from the prior year. What to expect in Friday’s jobs reportThe US job market has been on a roll for the past three years. That’s about 25,000 more jobs per month than last year and 111,000 more per month than in 2019.

Persons: ”, Laxman Narasimhan, “, we’ve, Ian Borden, Ricardo Cardenas, Scott Sheffield, “ Mr, —, Matt Egan, Read, Alicia Wallace, ” Julia Pollak, ZipRecruiter Organizations: CNN Business, Bell, New York CNN, Starbucks, Darden, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, CNN, of Labor Statistics Locations: New York, China, Olive, American, Saudi, Sheffield, Texas, OPEC, Russia

☆ Investors are fearful. They shouldn’t be
▼ + stars: | 2024-04-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The economy has been extraordinarily resilient for the past few years — consistently proving the naysayers wrong, he says. For all of the market gloom last week, stocks are still near all-time highs, and this earnings season has been strong. Investors have been worrying about the Federal Reserve keeping rates higher for longer. I speak with many institutional investors, and I don’t see them folding in fear. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document.

Persons: ”, Philipp Carlsson, there’s, Carlsson, Szlezak, they’re, I’m, it’s, I’ve, we’re, TikTok, Brian Fung, Joe Biden, Tesla, Chris Isidore, Peter Valdes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Boston Consulting, ByteDance, NHTSA Locations: New York, Europe, Ukraine, Israel, Washington

☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ Energy stocks are hot again. The rally could have more fuel to burn
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.

Persons: Nancy Curtin, “, ”, Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico

☆ What March's hotter-than-expected CPI report means for stocks
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat March's hotter-than-expected CPI report means for stocksNancy Curtin, Global Chief Investment Officer at AITi Tiedemann Global, and CEO and Portfolio Manager at Howard Capital Management, discuss what sticky inflation and the rate cut outlook mean for the markets.

Persons: Nancy Curtin Organizations: Global Chief, Howard Capital Management

☆ Here’s where BlackRock sees investment opportunities as demographics shift and the population ages
▼ + stars: | 2024-04-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.

Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China

☆ Invest in stocks that benefit from the strong economy, says Jeremy Schwartz
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvest in stocks that benefit from the strong economy, says Jeremy SchwartzJeremy Schwartz, Global Chief Investment Officer at WisdomTree, discusses commodity prices, the outlook for rate cuts, and how to position in the equity markets.

Persons: Jeremy Schwartz Jeremy Schwartz Organizations: Invest, Global Chief

☆ Live Updates: U.S. Job Growth Expected to Remain Robust
▼ + stars: | 2024-04-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.

Persons: ”, Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S

☆ Takeaways from blowout jobs report
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTakeaways from blowout jobs reportNathan Sheets, Citi global chief economist, joins ‘Money Movers' to discuss what the latest jobs report mean for the Fed, when can we expect rate cuts this year, and more.

Persons: Nathan Sheets Organizations: Citi

☆ Indonesia's and India's economies are 'more insulated than before' to global risks, economist says
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's and India's economies are 'more insulated than before' to global risks, economist saysPaul Gruenwald, global chief economist at S&P Global Ratings, says both countries have "great growth stories" and "good domestic demand stories."

Persons: Paul Gruenwald

☆ Hyundai's Genesis brand is a dark horse in U.S. luxury vehicle market
▼ + stars: | 2024-04-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Not only has Genesis made it, the brand has thrived to become a dark horse in the U.S. luxury market with unique styling, unexpected comfort and well-ranked quality. Patricia Wayne, first all-electric GV60 customer and Claudia Marquez (right), chief operating officer, Genesis Motor North America, at Genesis Santa Monica, Santa Monica, Calif., May 26, 2022. Genesis started as a vehicle in Hyundai's lineup but the company announced in late 2015 that it would become its own brand. Genesis sales last year increased about 23% over the prior year to 69,175 vehicles. Muñoz said Genesis will be a "key focus of the plant," which also will produce Hyundai and Kia vehicles.

Persons: Michael Wayland, —, Randy Parker, Claudia Marquez, Parker, Marquez, Patricia Wayne, Genesis, José, Muñoz, Jae Hoon Chang, there's, Stephanie Brinley, that's, Brinley, … Organizations: CNBC, Hyundai Motor, South, Infiniti, Hyundai Group, Hyundai, New York, Genesis, North America, Santa, North American, Porsche, Lexus, Mercedes, Benz, North, Rover, Volvo, P Global Mobility, Kia Locations: South Korean, U.S, North America, Santa Monica, Calif, Lincoln, New York, Georgia, Alabama, South Korea

☆ Why Goldman Sachs is helping its clients launch ETFs
▼ + stars: | 2024-04-01 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +3 min

Investor demand for exchange-traded funds is not slowing down, and firms without ETF offerings may risk losing business, according to one Goldman Sachs expert. "Any number of our clients would tell you, the opportunity cost of not [offering ETF products] is greater," he recently told CNBC's "ETF Edge." To help clients through the process of launching their own ETF products, Goldman Sachs created its ETF Accelerator, a digital platform that helps clients launch, list and manage their own ETF products. The idea was it made it easier to launch an ETF, but it didn't make it easy," Sachs said. It can still take years to build the expertise, headcount and risk management framework necessary to launch an ETF, said Sachs.

Persons: Goldman Sachs, Steve Sachs, Sachs, Brandes Organizations: Eagle, Equity, Quality, Brandes Investment Partners, Value, International, Eagle Capital

☆ Toyota could introduce electric, plug-in Tacoma and Tundra pickups
▼ + stars: | 2024-03-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Toyota has previously discussed a broad lineup of battery-electric vehicles , or BEVs, including a midsize pickup model like the segment-leading Tacoma. The latest conversations have introduced the potential for plug-in hybrid vehicles, or PHEVs. Whether it be Tundra, Tacoma or something else in addition to the lineup," Hollis told CNBC on Tuesday during the New York Auto Forum conference. NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. There are not any plug-in hybrid electric pickups currently on sale in the U.S. Stellantis' Ram brand is expected to release an "extended-range" plug-in vehicle with an electric generator powering an engine later this year.

Persons: BEV, Hollis, Jack Hollis, Stellantis, Biden, Muñoz Organizations: Toyota, U.S, Reuters, CNBC, New York Auto Forum, Toyota Motor North, Tacoma, Hyundai, Wednesday Locations: Kentucky, Thailand, Tacoma, Toyota Motor North America, U.S, Georgia

☆ Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
▼ + stars: | 2024-03-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on Wednesday. José Muñoz, Hyundai president and global chief operating officer, said the company is evaluating whether or not to produce hybrid or plug-in hybrid electric vehicles at the $7.59 billion plant in addition to all-electric vehicles. The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules to better take into account hybrid and plug-in hybrid electric vehicles rather than a focus on all-electric vehicles. Muñoz said Hyundai remains committed to EVs but also knows hybrids and plug-in hybrid vehicles may be better for some consumers. Hyundai on Wednesday revealed a refreshed Tucson crossover that will be offered as a traditional gas engine, hybrid and plug-in hybrid electric vehicle.

Persons: José Muñoz, Muñoz, Biden, We've Organizations: Hyundai, CNBC, New York, Hyundai Motor, South, LG Energy, SK Locations: Georgia, Bryan County, South Korea, Tucson

☆ The Fed could cut rates 5 times in 2025 with the US economy bound to slow, chief economist says
▼ + stars: | 2024-03-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The Fed could cut rates five times in 2025, according to S&P Global Ratings' global chief economist. A slowing US economy will give the Fed the green light to cut, the firm predicted. That implies the Fed will lower rates by 2 full percentage points as inflation continues to cool. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Fed could cut rates as many as five times next year, as the US economy can't keep its hot pace of growth forever, according to Paul Gruenwald, S&P Global Ratings' global chief economist.

Persons: —, Paul Gruenwald, Gruenwald Organizations: Service, Yahoo Finance, Business

☆ Consulting firms are cutting projections and tightening their belts as demand for their work slows
▼ + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.

Persons: —, Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial

☆ We prefer Japan and India as 'beneficiaries of the money moving away from China': WisdomTree
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe prefer Japan and India as 'beneficiaries of the money moving away from China': WisdomTreeJeremy Schwartz, global chief investment officer at WisdomTree, discusses the interest rate outlook for the U.S. Federal Reserve and the Bank of Japan, as well as Chinese, Japanese and Indian markets.

Persons: WisdomTree Jeremy Schwartz Organizations: U.S . Federal Reserve, Bank of Japan Locations: Japan, India, China

☆ Morgan Stanley's Seth Carpenter: The economy is slowing, but not crashing
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Seth Carpenter: The economy is slowing, but not crashingSeth Carpenter, Morgan Stanley global chief economist, joins 'Closing Bell' to discuss his Fed and inflation outlook and expectations.

Persons: Morgan Stanley's Seth Carpenter, Seth Carpenter, Morgan Stanley

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