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☆ Kellogg Raises Outlook as Third-Quarter Sales Rose 9%
▼ + stars: | 2022-11-03 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Kellogg, the maker of Corn Flakes cereal, and other food producers have been raising prices to offset more expensive food commodities and supply-chain challenges. Kellogg Co. boosted its outlook after reporting 9% growth to its top line in the third quarter, the latest food company showing sales holding up as they raise prices. The maker of Rice Krispies cereal and Cheez-It crackers said higher prices and a positive shift in the mix of products it sold helped its North America cereal business rebound from flagging sales earlier this year and continuing bottlenecks in the supply chain.

☆ One central bank drama after another
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Nov 3 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Ironically, the more bonds price in a pivot, the less inclined the Fed will be to give them one. The Monetary Policy Report is out at noon (1200 GMT), followed by a news conference half an hour later streamed live on the Bank of England's website. Markets are priced for a hike of 75 bps to 3.0%, which amazingly would be the highest since 2008. In any event, the BoE is going to have to revise up its CPI forecasts and slash those for GDP, which will make for gloomy viewing compared to the comedy show that is government policy right now.

☆ Morning Bid: Slower, higher, longer
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasury yields are on the rise again as Fed rate futures now expect a terminal rate as high as 5.15% by May, with pricing for end-2023 rates just shy of 5% too - half a point higher than where futures had priced the terminal rate just one month ago. European Central Bank President Christine Lagarde said the ECB must be "attentive" to Fed policy decisions as it influences global markets - but it cannot just mirror moves in Washington. In banking, Morgan Stanley is expected to start a new round of layoffs around the world over the coming weeks. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Kellogg CEO reacts to earnings beat and supply chain challenges
▼ + stars: | 2022-11-03 | 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 EmailKellogg CEO reacts to earnings beat and supply chain challengesSteve Cahillane, Kellogg chairman and CEO, joins 'Squawk on the Street' to discuss if Kellogg's pricing can continue to offset inflation, what Cahillane is watching for to know there's a turn in productivity and when end pricing gets more competitive.

☆ The Fed may have to blow up the economy to get inflation under control
▼ + stars: | 2022-10-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

Jobs report also on tapThe Fed meeting takes place just two days before the nation will get its next report card on the labor market. Another jobs report, from payroll processor ADP, is also due out next week, and this one looks just at Corporate America. The government said in the September jobs report that average hourly earnings rose 5% in the past 12 months. The Fed typically prefers to see wage growth in the 2% to 3% annual range as a sign that inflation is under control. Discovery, Starbucks (SBUX), PayPal (PYPL), Amgen (AMGN) and Block (SQ)Friday: US jobs report; earnings from Cardinal Health (CAH), Duke Energy (DUK) and Hershey (HSY)

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ ‘Quiet layoffs’ are growing across Big Tech, benefiting the image and bottom line of major companies while hurting workers
▼ + stars: | 2022-10-27 | by ( Kali Hays | Diamond Naga Siu | ) www.businessinsider.com time to read: +6 min

Tech companies of all sizes are facing the brunt of a volatile economy, impacting their stability. Tech companies are having a tumultuous time. "There is nothing that prohibits an employer from doing mass PIPs or letting people go," Rella said. Using workers' performance, and setting new standards for them to be judged on, like what is happening inside Facebook, is workers bearing the brunt of mismanagement. Yet, mass PIPs are ultimately an improper usage of a management tool that should be prefaced with feedback and coaching, said Cooney of Bambee.

They also give union members cash bonuses of $1,000 a year. All told, the backpay and bonuses will give union members an average payment of $11,000 per worker once the deal is ratified. After BMWED rejected their tentative deal, union leadership proposed adding paid sick days during a bargaining session, only to have management reject the motion out of hand. Congress can also prevent or end a strike by extending a cooling-off period or imposing a contract on union members. Union members working in other industries have recently balked at approving deals, even when recommended by their leadership.

☆ Meta refuses to give up on campaign to disqualify FTC chair
▼ + stars: | 2022-10-20 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Her previous expressions of her policy views about alleged big tech monopolists, Boasberg said, did not require Khan’s recusal under the standard for federal prosecutors. (The petition and stay motion are not in the FTC docket but are exhibits in the preliminary injunction case.) We know this from an Oct. 6 letter from the FTC to Weil Gotshal in the administrative proceeding. Remember, Meta is not asking Davila to order Khan off either the preliminary injunction case or the administrative proceeding. We’ll know more about whether the stratagem accomplished anything when the preliminary injunction case goes to a hearing in December.

☆ Cybersecurity Tops the CIO Agenda as Threats Continue to Escalate
▼ + stars: | 2022-10-17 | by ( Steven Rosenbush | ) www.wsj.com time to read: +6 min

Cyber and information security has been at the top of their agenda since 2020. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner forecasts that worldwide information security and risk-management spending by end-users will reach $188.336 billion in 2023, up 11.3% from the current year. It’s what boards are talking about,” said Truist Financial Corp. Chief Information Security Officer Howard Whyte. He and Truist CIO Scott Case work closely to understand the Charlotte, N.C.-based bank’s changing attack surface and cybersecurity risk.

☆ Restoring a rat-infested 1948 school bus
▼ + stars: | 2022-10-17 | by ( Melissa Estrada | ) www.businessinsider.com time to read: +5 min

Jason Kellogg from Country Boy Gas Garage restored an abandoned 1948 Ford F5 bus found in a forest. The old church bus was covered in moss and ferns and was infested with rats. Jason Kellogg: Today, we're gonna be talking about the 1948 Ford F5 school bus that I found abandoned in the forest that had been there for over 25 years. My favorite part of the entire restoration would probably be the fact that this used to be a church bus. So I decided that I was going to make a reunion trip with the bus back to the church.

☆ Beyond Meat cuts revenue view, jobs as inflation hits plant protein demand
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Beyond Meat on Friday cut its annual revenue forecast for the second time due to slowing demand for faux meat as consumers look for cheaper options to beat rising prices and announced jobs cuts as well as executive departures. The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. FILE PHOTO - A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. "We are significantly reducing expenses and sharpening our focus on a set of key growth priorities," Chief Executive Officer Ethan Brown said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Beyond Meat announces layoffs, cuts revenue forecast as inflation hits demand
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Beyond Meat said on Friday it would cut 200 jobs and slashed its annual revenue forecast for the second time, citing slowing demand for faux meat as consumers look for more cheaper options to beat rising prices. The company also announced the departure of finance chief Philip Hardin at the end of the month and named board director Lubi Kutua as his replacement. Shares fell more than 10% before the bell, with the company saying rising competition as another reason for the forecast cut. The company said it would incur a one-time cash charge of about $4 million related to the job cuts in the fourth quarter. Beyond Meat, which had about 1,100 employees at the end of last year, expects the reduction in workforce to be complete by the end of year.

☆ UBS pinpoints the stocks with upside potential and downside risk heading into earnings
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

That doesn't mean there aren't opportunities for investors, however, and UBS has identified both stocks with upside potential and those with downside risk. "Company margins are the biggest investor concern as it relates to fundamentals with expectations for margin gains in '23 at odds with fading sales growth. Here are 5 of UBS' upside and downside picks heading into earnings season: Danaher , the medical and global science company, is the biggest name on UBS' earnings surprise list by market cap. UBS expects mattress company Tempur Sealy to show an earnings beat as "industry trends" improved after Labor Day. On the flipside, e-signature company DocuSign and the packaged foods firm Simply Good Foods are on UBS' watchlist for downside risk this earnings season.

Things will remain status quo with the union’s contract until then. The engineers and conductors union votes are cause for “apprehension on all sides,” said the source. Online chatter among the conductors union and engineers union members signal they want a strike before even seeing the contract, while some are calling for reason, the source said. Conductors union and engineers union members will be mailed ballots at the end of this month with a 21-day voting period. Although most union contracts are ratified, there have been some very high-profile examples of angry union members voting no.

☆ Is Beyond Meat beyond saving?
▼ + stars: | 2022-09-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Companies like Beyond Meat, rival Impossible and plant-based milk producer Oatly are still doing big deals with supermarket chains and restaurants to get their products on store shelves and menus. But in the company’s most recent earnings call, Beyond Meat CEO Ethan Brown conceded that the company (and the industry) faces challenges. Inflation is a problem for plant-based food biz too“We went from a pandemic into record inflation,” Brown said. “After years of growth, plant-based meat sales in the United States are stagnating,” said consulting firm Deloitte in a recent report. So there is nothing fake about Wall Street’s concerns regarding the big drop in demand for “fake” meat and milk.

☆ The top stock performers this week make recession-proof stuff like cereal and soup
▼ + stars: | 2022-09-23 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors this week turned to companies that make recession-proof stuff like cereal and soup, as fears of a potential economic recession mounted. General Mills was the top performing stock this week. Hershey advanced 1.7% this week and is forecasted to have roughly 5% upside to its price target, according to FactSet. Campbell Soup was the third best-performing stock this week, up 2.8%. Still, the food company is recommended by just 5.3% of analysts on FactSet, and is expected to have 2.2% downside to its price target.

☆ General Mills raises full-year forecast on higher prices
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPackages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Cheerios cereal maker General Mills Inc (GIS.N) raised its full-year forecast after beating quarterly profit estimates on Wednesday, banking on higher prices and resilient demand for its breakfast cereals, snack bars and pet food. The company now expects organic net sales to rise between 6% and 7% in fiscal 2023. Net earnings attributable to General Mills rose to $820 million, or $1.35 per share, in the three months ended August 28, from $627 million, or $1.02 per share, a year earlier. It also reported net sales of $4.72 billion in the first quarter, in line with analyst expectations, according to Refinitiv data.

An MBA is an investment but students who attend top schools can graduate making six-figure salaries. Business school is an exciting prospect for ambitious professionals or aspiring entrepreneurs looking to level up their careers — and salaries. Students from the top business schools in the world graduated last year with jobs that earn six-figure salaries. For those who are considering attending business school or who are currently enrolled, here's what graduates from some of the top programs are earning across industries. Insider used US News & World Report's list of best business schools for 2023 to rank the MBA programs.

☆ Cramer's lightning round: International Paper is not a buy
▼ + stars: | 2022-09-19 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

In this article KSWKIPMDTMARAMTTRHPQLoading chart...Marathon Digital Holdings Inc: "It's just a speculative company. I just want nothing to do with it." Loading chart...International Paper Co: "Once that starts rolling over, it rolls over big. Loading chart...Stanley Black & Decker Inc: "I think that it can easily go down another 10%. If you're willing to accept that, then I think you're absolutely fine."

☆ 8 reasons your grocery bill is sky-high right now - and what you can do about it
▼ + stars: | 2022-09-17 | by ( Rena Goldman | ) www.businessinsider.com time to read: +5 min

Flashy store signs, the size of carts, and even where you find the eggs and milk all contribute to getting customers to spend more. Sale signs at the entranceFlashy sale signs not only draw you in, but they also create what's called positive pricing, according to Edward Fox, professor of marketing at SMU Cox School of Business. People who prefer to buy items on sale will buy more when a product is on sale, which works to the retailer's advantage, said Fox. Enticing endcap displaysEndcap displays with seasonal or sale items are meant to distract you. And read the fine print on sale signs.

Tapping into that millennial nostalgia has become the way Miller and many other creators with similar throwback content pay their bills. And brands know that partnering with such creators, who have specifically built their followings around nostalgia content, can help them get more exposure from a desired demographic. It’s no surprise that nostalgia content has become so popular — as the age-old saying goes, everything old becomes new again. Nostalgia content feels authentic and plays to shared experiences, which helps it perform well with Gen Z and millennials alike, Karwowski said. In one video, Miller collaborated with the singer and 2000s heartthrob Jesse McCartney to promote his U.S. tour.

☆ Half of your employees are 'quiet quitting' and destroying morale. An MBA professor shares the 5 most effective ways to save a team's culture and output.
▼ + stars: | 2022-09-16 | by ( Brooke Vuckovic | ) www.businessinsider.com time to read: +6 min

She says that quiet quitting isn't a new phenomenon but it can be very harmful to company culture and morale. One of the best ways to fight quiet quitting is to focus on your "star players" instead, she says. What is new, however, is the not-so-quiet part of quiet quitting: quiet quitters are increasingly announcing their status proudly on social media, thanks largely to a TikTok video on the subject that went viral. Now, it is estimated that quiet quitters make up 50% of the US workforce. Don't "quiet fire"It's tempting to fight fire with fire — or silence, in this case, with withdrawing — but try to resist that.

☆ Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced in
▼ + stars: | 2022-07-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

That's the point: A lot of bad news is already priced into Microsoft. Same with Alphabet, also an EPS and revenue miss, with the slowest revenue growth in two years. Collectively, those stocks comprise more than 30% of the market cap of the S & P, and yet the S & P is only down 17%. How is it possible the S & P 500 is down only 17% when 7 of the biggest stocks are down 31%? Of course, just because tech has been in a bear market doesn't mean it can't go deeper in a hole.

☆ A self-made millionaire shares her top 18 'recession money rules': 'Don't panic' and 'prepare to borrow'
▼ + stars: | 2022-07-06 | by ( Ann Kaplan | ) www.cnbc.com time to read: +8 min

To boost your chances of surviving an economic downturn, here are my top 18 recession money rules:1. If a rate reduction isn't an option, consider transferring your debt to a lower interest rate card. During a recession, many people need to borrow money to get through difficult times — and that's okay. Although no job is completely safe during a recession, certain jobs like those in essential services offer more security. Don't panic — recessions don't last forever.

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