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☆ Swedish mining company finds massive deposit of rare earth metals
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: +1 min

The company said on Jan. 12 that it found Europe's biggest known deposit of rare earth elements there. Swedish state-owned mining company LKAB on Thursday said it had identified more than 1 million tonnes of rare earth oxides in the Kiruna area in the far north of the country, the largest known such deposit in Europe. Rare earth minerals are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics, microphones and speakers. "This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate," LKAB CEO Jan Mostrom said in a statement. Rare earth elements are currently not mined in Europe, leaving the region depending on imports from elsewhere, while demand is expected to rise in coming years due to a ramp-up in electric vehicles and renewable energy.

☆ Larson to attempt Indy 500 and NASCAR 600 double in 2024
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

Jan 12 (Reuters) - Kyle Larson will attempt the Indianapolis 500 and NASCAR Coca-Cola 600 double next year after announcing on Thursday he would join Arrow McLaren Racing for a one-off run at the famed Brickyard. Larson, the 2021 NASCAR Cup Series champion, will become the first driver to attempt the double since Kurt Busch raced in both events in 2014. Only four drivers have attempted the double of racing in Indy 500 in Indianapolis and flying to Charlotte, North Carolina to jump in a car and run the Coca-Cola 600 later that same day. While Rick Hendrick's stock car teams have won a record 291 Cup Series races, the Indy 500 will mark Hendrick Motorsports first IndyCar series event. McLaren have routinely added notable names to their driver lineup for the Indy 500, including twice Formula One world champion Fernando Alonso.

SAO PAULO/MEXICO CITY, Jan 11 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting "inconsistencies." Lojas Americanas CEO Sergio Rial departed less than two weeks after taking the job, when he replaced Miguel Gutierrez. Joao Guerra, a long-time Americanas executive not involved with accounting or financial management, will take over as CEO on an interim basis. The amount of accounting inconsistencies is larger than the company´s net equity, 15 billion reais, said Fabrício Gonçalvez, CEO at Box Asset Management. The amount is also almost twice Americanas' 10.7 billion reais market capitalization, according to Refinitiv data.

☆ Stocks making the biggest moves premarket: Disney, American Airlines, Bed Bath & Beyond, Logitech and more
▼ + stars: | 2023-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. American Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. Logitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook. KB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. Cinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating.

☆ Jim Cramer's top 10 things to watch in the market Thursday: CPI matches, Peltz Disney fight
▼ + stars: | 2023-01-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

To be sure, though, the CPI print is good news, ending 2022 down 0.1% month over month and up 6.5% year over year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ UBS downgrades Anheuser-Busch InBev to sell as drinkers continue to pick spirits over beer
▼ + stars: | 2023-01-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

A Covid-19 trend of drinkers flocking to spirits instead of beer is continuing to pressure brewers, making now a good time to sell shares of Anheuser-Busch InBev , according to UBS. The firm on Thursday downgraded shares of the beverage company to sell from neutral and slashed its price target to €53 from €57. "Our analysis suggests the beer category is unlikely to benefit from deceleration in premium and above spirits," said Oliver. Overall, UBS expects that Anheuser-Busch InBev will struggle to grow in 2023 and 2024 and face an additional currency exchange headwind in the latter year. Deutsche Bank on Thursday also downgraded shares of Anheuser-Busch InBev to hold from buy, saying that the company is still well-placed but is not "broadly fairly valued."

☆ Here are Thursday's biggest analyst calls: Meta, Apple, Tesla, Netflix, Roku, Disney, Exxon & more
▼ + stars: | 2023-01-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the Thursday's biggest calls Wall Street: Credit Suisse upgrades AECOM to outperform from neutral Credit Suisse said the company is a key beneficiary of infrastructure stimulus. UBS reiterates Apple as buy UBS said it's sticking with its buy rating on the stock but is concerned about App Store revenue declines. Credit Suisse upgrades Boeing to neutral from underperform Credit Suisse said in its upgrade of Boeing that it sees "stronger aircraft deliveries." RBC names Meta a top 2023 pick RBC said it sees "multiple expansion" on the horizon for Meta shares. " Rosenblatt reiterates Disney as buy Rosenblatt said activist investor Nelson Peltz's push for a Disney board seat could help shares.

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☆ Sweden's LKAB finds Europe's biggest deposit of rare earth metals
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Jan 12 (Reuters) - Swedish state-owned mining company LKAB said on Thursday it had identified mineral resources of more than one million tonnes of rare earth oxides in the Kiruna area, the largest known such deposit in Europe. Rare earth minerals are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics and microphones and speakers. "This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate," LKAB CEO Jan Mostrom said in a statement. The European Commission considers rare earths to be among the most critical resources for the region. Still, the road to mining the deposit in Sweden is a long one.

☆ Pickleball popularity explodes, with more than 36 million playing
▼ + stars: | 2023-01-05 | by ( Jessica Golden | ) www.cnbc.com time to read: +6 min

The latest numbers unveiled in the 2023 APP Pickleball Participation report, via a study conducted by YouGov, shows that 14% of Americans played pickleball at least once in that 12-month period. The real dillAcross the country, tennis courts and being replaced, and pickleball courts are moving in as other investors are shoring up big money. Since 2022, Life Time has constructed indoor and outdoor pickleball courts at a rate of five new permanent courts each week. "Pickleball participation [at Life Time] in a given month has risen from about 16,000 people to like 160,000. Major League Pickleball and the Professional Pickleball Association took notice and they have partnered with Life Time to host multiple tournaments across the country this year.

Several Latinos whose lives and work left a profound imprint on American institutions — from arts and entertainment to legal and civil rights — passed away in 2022. Cavazos began his education in a two-room schoolhouse on the King Ranch in Texas, where his father was a foreman. President Reagan named Cavazos Secretary of Education in 1988, making him the first Hispanic ever to serve in the U.S. Together, “Luis” and Maria” showed young audiences that Latinos were people who worked, fell in love and were part of their community. Her goals were to give Latinos a presence in the dance world, and to instill pride in Hispanic culture.

☆ Edgy Campaigns Are Out, TikTok Won’t Stop and Other 2023 Predictions for Marketers
▼ + stars: | 2022-12-19 | by ( Patrick Coffee | ) www.wsj.com time to read: +11 min

Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Most campaigns will focus on discounts to customers or showcase the usefulness of a company’s products, he said. Under this form of marketing, ad firms generally get paid upon completion of a desired end, such as a sale or download. In short, consumers should expect less “vacuous virtue-signaling” from marketers in the coming months, according to Mr. Proulx. But these platforms’ very struggles could result in ad bargains for marketers, said Mr. Solomon of Therabody.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Fed selling, chip stocks boost, Disney concern
▼ + stars: | 2022-12-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Barclay's raises price target on Club holding Wynn Resorts (WYNN) to $95 per share from $75; keeps an equal weight (hold) rating. Citi raises price target on Club holding Linde (LIN) to $402 per share from $322; keeps buy rating. HSBC starts Club stock Nvidia (NVDA) with a reduce rating and a $136-per-share price target; says downside not priced in. Cowen downgrades JetBlue (JBLU) to market perform from outperform (hold from buy); trims price target to $10 per share from $9. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Sick and family leave are top union demands post-Covid-pandemic
▼ + stars: | 2022-12-10 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Rail workers nearly went on strike over paid sick leave. Glen Stubbe / Star Tribune via AP fileMore than 100,000 rail workers were days away from a likely strike after the rail companies refused demands for five paid sick days. Labor experts and organizers say the pandemic aimed a floodlight at the public health ramifications of in-person work, elevating for workers the importance of paid leave in contract disputes. “This was the sticking point for the railroads.”Following Congress’ resolution of the impasse, activist investors have put forth proposals to get two of the biggest rail companies, Union Pacific and Norfolk Southern, to offer their workers paid sick leave next year. “We appreciate the work of the negotiating teams and the mediator in reaching this agreement in principle.”Other unions are paying attention to these fights — and gearing up to make sick leave a major part of their negotiations.

☆ Banker bonuses are set to be so bad even the firm's revenue drivers are going to get dinged
▼ + stars: | 2022-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. While they aren't internally announced and paid until early next year, firms are wrapping up discussions about the size of bonus pools that divisions will be able to disperse from. And for many firms, the pools are being resized from Olympic to kiddie. The Financial Times reported Friday that JPMorgan Chase, Citigroup, and Bank of America are considering cutting bonus pools within M&A and IPO teams by 30%. More on how crypto firms are hoping ads can quell trust concerns.

☆ Baby Gear Rental Startup Loop Hires Former Glossier Marketing Chief as CEO
▼ + stars: | 2022-11-30 | by ( Megan Graham | ) www.wsj.com time to read: +3 min

Loop Co., a baby equipment rental company, has hired former Glossier Inc. chief marketing officer Ali Weiss to be its chief executive officer. Loop, which was founded last year, lets paying members rent baby gear such as cribs, toys and high chairs. For us at Loop, it’s member-first.”The company plans to hire a marketing leader who will report to Ms. Weiss. The company’s rentals can appeal to parents who want to reduce clutter or their environmental impact, according to Ms. Weiss. “Our vision is that we’re able to provide this service across many markets, many cities, many metro areas across the U.S.,” Ms. Weiss said.

☆ Why Wall Street's bullish on 3 Club stocks Wednesday — and our take, too
▼ + stars: | 2022-11-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Club take: China's Covid-19 lockdown measures have posed a risk to Apple's iPhone manufacturing, but we believe it's a temporary one. Club take: Ford has benefitted from higher pricing power as a result of supply chain challenges impacting production. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Florida woman sues Kraft for $5M, saying Velveeta shells & cheese takes longer to prepare than packaging claims
▼ + stars: | 2022-11-29 | by ( Joseph Lamour | ) www.nbcnews.com time to read: +4 min

On Nov. 18, Florida resident Amanda Ramirez sued the Kraft Heinz Company for at least $5 million over what she claims is deceptive and fraudulent packaging. Ramirez says that since Kraft’s Velveeta Shells & Cheese Microwavable Shell Pasta takes longer than 3-and-a-half minutes to prepare even though its packing states “ready in 3½ minutes,” that constitutes fraud. What the plaintiff focuses on is the fifth instruction, “cheese sauce will thicken upon standing” which they say constitutes a longer “ready” time than the packaging claims. “Consumers seeing ‘ready in 3½ minutes’ will believe it represents the total amount of time it takes to prepare the Product,” the suit reads. “However, the directions outlined above show that 3-and-a-half minutes is just the length of time to complete one of several steps.

☆ Stocks making the biggest moves in the premarket: Apple, Taboola, Biogen and more
▼ + stars: | 2022-11-28 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading. Wynn Resorts (WYNN), MGM Resorts (MGM), Melco Resorts (MLCO), Las Vegas Sands (LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Exxon Mobil (XOM), Chevron (CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. First Solar (FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to "neutral" from "overweight."

☆ Stocks making the biggest moves midday: Apple, DraftKings, Biogen, Williams-Sonoma and more
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Apple — Apple shares fell 2% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China against the nation's zero-Covid policy. Wynn Resorts, Melco Resorts — Shares of casino operators Wynn Resorts and Melco Resorts gained 4.1% and 9.5% respectively, after the Chinese government granted them provisional licenses to continue operating in Macau. DraftKings — Shares dropped more than 5% after JPMorgan downgraded DraftKings to underweight from neutral, saying in a note that the company's competitors are more likely to achieve online sports betting profitability. Biogen — Biogen's stock fell nearly 4% after a Science.org report that a woman participating in an experimental Alzheimer's treatment trial, sponsored by Biogen and a Japanese pharma company, recently died from a brain hemorrhage. Williams-Sonoma — Shares tumbled 4.7% after Morgan Stanley downgraded the home furnishings stock to underweight, saying shares could fall further as demand weakens in a difficult macro environment.

☆ JPMorgan double-upgrades AB InBev, says shares are cheap and will benefit from light beer sales recovery
▼ + stars: | 2022-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Slowing demand for hard seltzer opens up an opportunity for beer giant Anheuser-Busch InBev, according to JPMorgan. Analyst Jared Dinges double-upgraded shares of the beer manufacturer to overweight from underweight, saying the stock is trading at a 23% discount to the broader sector and should benefit from improving demand for domestic light beer in the United States. A resurgence in demand for domestic light beer — Anheuser-Busch's "bread and butter" — and the decline in hard seltzer demand in the U.S. should also bode well for the company going forward, Dinges said. "It's commonly believed that Hard Seltzer sales are primarily being replaced by [ready-to-drink beverages], however, we believe a bigger benefactor from the seltzer slowdown is domestic light beer - domestic light beer has improved its share trajectory by 120bps in 2022 alone," he wrote. Demand for beer in the region correlates strongly with the global commodities cycle and should remain strong even as commodities prices remain elevated.

☆ Here are Monday's biggest analyst calls: Amazon, Apple, DraftKings, Tesla, Live Nation & more
▼ + stars: | 2022-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.

☆ Budweiser plans to ship unsold beer to the country that wins the World Cup, after Qatar's sudden U-turn on selling alcohol in the stadiums
▼ + stars: | 2022-11-24 | by ( Britney Toh | ) www.businessinsider.com time to read: +2 min

Qatar suddenly banned the sale of alcohol in World Cup stadiums, despite previously allowing this. It tweeted an image of a mountain of beer cases and said it will ship the unsold brew to the World Cup 2022 winner. Just a day later, Anheuser-Busch InBev, the maker of Budweiser, announced on Twitter it plans to give away its huge surplus of unsold alcoholic beer to the winner of the 2022 World Cup. "Budweiser wants to bring this celebration from the FIFA World Cup stadiums to the winning country's fans. Budweiser holds an around $75 million deal with soccer's governing body FIFA to supply beer at the World Cup 2022, and another deal worth around $113 million for the World Cup 2026, per The Sun.

☆ Supreme Court takes up Jack Daniel's case against dog toy compamy
▼ + stars: | 2022-11-22 | by ( Colbi Edmonds | ) www.nbcnews.com time to read: +2 min

Jack Daniel’s Whiskey has a bone to pick with a dog toy company, and the Supreme Court on Monday agreed to hear their case. VIP Products, an Arizona-based company, makes dog toys that resemble Jack Daniel's iconic whiskey bottles. Jack Daniel’s is arguing that the toys are a violation of federal trademark rights and tarnish the company’s brand. "VIP has never sold whiskey or other comestibles, nor has it used “Jack Daniel’s” in any way (humorously or not). The high court will likely hear arguments in the Jack Daniel's case early next year.

☆ We now know what Budweiser will do with the beer it can’t sell at the World Cup
▼ + stars: | 2022-11-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left on its hands. pic.twitter.com/Vv2YFxIZa1 — Budweiser (@Budweiser) November 19, 2022Last week — just a few days before the World Cup was set to begin — Qatar announced that the eight stadiums couldn’t sell alcoholic Budweiser, leaving fans with only one option for beer: non-alcoholic Bud Zero. “As partners of FIFA for over three decades, we look forward to our activations of FIFA World Cup campaigns around the world to celebrate football with our consumers,” an AB-InBev spokesperson said in a previous statement. So, the decision threw a wrench into the company’s World Cup marketing plans, as the decision dramatically reduces its presence for thousands of fans at the World Cup. The FIFA World Cup Qatar 2022 will take place through December 18.

☆ Supreme Court agrees to hear Jack Daniel's trademark case against dog toy company
▼ + stars: | 2022-11-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that's "43% Poo by Vol." The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel's against VIP Products, an Arizona-based company that sells products mimicking liquor, beer, wine and soda bottles. It features a cartoon spaniel on its front and references to Jack Daniel's Old No. In a 2020 ruling, the U.S. Court of Appeals for the 9th Circuit sided with VIP Products, prompting Jack Daniel's to seek further relief from the Supreme Court. The court will likely hear arguments in the Jack Daniel's case early next year.

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