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Bob Nardelli - 2 Nardelli - 2 Mark Fields - 1 ” Fields - 1 “ - 1 ” - 1 Jim Farley - 1 Fields - 1
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4 mentions found


☆ Ford’s former CEO has a stark warning for both the UAW and automakers
  + stars: | 2023-09-13 | by ( Matt Egan | ) edition.cnn.com   time to read: +8 min
“The automakers can’t plead poverty,” Fields told CNN on Wednesday, noting the industry’s recent string of profitable years. [Automakers’] CEO pay went up 40%. “But I do think he’s quite misplaced in that if there’s a work stoppage… there will be lots of people hurt,” the former Ford CEO said. However, economists say a UAW strike is unlikely to cause a recession, though it would do damage to local economies and parts suppliers. You can’t fault them for trying to deal with inflation that is hurting their families,” the former Chrysler CEO said.
Persons: Mark Fields, ” Fields, “, ”, Jim Farley, Fields, CNN’s Vanessa Yurkevich, “ We’re, ” Farley, Shawn Fain, ’, ” Fain, Jake Tapper, Bob Nardelli, ” Nardelli, Goldman Sachs, “ It’s, Fain, Nardelli, Ron Gettelfinger, Ford, CNN’s Chris Isidore Organizations: New York CNN Business —, Detroit, Ford, GM, CNN, Chrysler, United Auto Workers, UAW, UPS, American Airlines, West Coast, TPG Capital, Anderson Economic Group, Big Locations: Mexico, Chihuahua
☆ Inflation is alive, the Fed could hike rates again, and businesses are facing greater uncertainties today than in the past 50 years, former Home Depot CEO says
  + stars: | 2023-06-07 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Consumer-price pressures remain high in the US, suggesting the Fed could hike interest rates again, according to Robert Nardelli. I think we still got a way to go," the former Home Depot CEO said. That view is at odds with market expectations that the Fed will likely pause its interest-rate hikes this month. That could mean the Fed will raise interest rates further, Nardelli said, especially with May's strong payroll report showing the labor market remains robust, with US employers adding 339,000 jobs. The nation's central bank has already hiked interest rates by 500 basis points since early 2022 in a bid to tame soaring price pressures.
Persons: Robert Nardelli, —, Nardelli, Neil Cavuto, I've Organizations: Home, Service, Federal Reserve, Fox Business, Chrysler
☆ Former Home Depot CEO Bob Nardelli on retail shrinkage and organized theft
  + stars: | 2023-05-31 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Home Depot CEO Bob Nardelli on retail shrinkage and organized theftBob Nardelli, XLR-8 founder, joins 'Squawk on the Street' to discuss retail stocks
Persons: Bob Nardelli Organizations: Home
☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
  + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com   time to read: +8 min
91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.
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