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☆ Honeywell CEO is wisely preparing businesses for a tougher 2023, but remains optimistic
▼ + stars: | 2022-10-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

"I don't think '23 is going to be a disaster, although I don't think it's going to be as robust as '22 is." The measures so far have been focused on the cost side, according to Adamczyk, who has led Honeywell since 2017. Sales for the division known as Honeywell building technologies rose 11% year over year to $1.53 billion, while performance materials and technologies revenue increased 8% to $2.72 billion. Honeywell is expected to provide a formal outlook for fiscal 2023 early next year when it reports fourth quarter 2022 earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Paraguay artist who painted boots for Messi looks to bring color to World Cup
▼ + stars: | 2022-10-27 | by ( Daniela Desantis | ) www.reuters.com time to read: +2 min

ASUNCIÓN, Oct 27 (Reuters) - Lili Cantero, a 29-year-old Paraguayan artist famed for painting intricate and personal soccer boots for stars including Lionel Messi and Ronaldinho, is preparing a new colorful show of her work to take to the World Cup in Qatar. The Asuncion-born artist is painting some two dozen sets of boots, balls and canvases, many inspired by the Middle Eastern nation and its capital Doha, which will host national teams from around the world next month to compete for the World Cup crown. "Messi's boots marked a before and after," said Cantero, who wants to create her own sportswear brand and bring Paraguayan art to major global events. The boots will be presented within 3D structures that reproduce the eight stadiums that Qatar built for the World Cup in Doha, Lusail, Rayyan, Al Khor and Al Wakrah. "I have been working on this for three years and it is a great pride for me to represent my country at this World Cup," Cantero said.

☆ We're pleased to see Pioneer return cash to shareholders despite oil market volatility
▼ + stars: | 2022-10-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Shares of Club holding Pioneer Natural Resources (PXD) climbed in extended trading Thursday on the back of solid third-quarter results. Most importantly for the Club, Pioneer continued to demonstrate its commitment to returning the majority of its excess cash to shareholders via buybacks and dividends. Here's a breakdown: Oil: 354,040 barrels a day, ahead of expectations for 353,600 barrels a day. Total oil equivalent production per day in a range of 655,000 barrels to 680,000 barrels, versus a consensus estimate of 653,900 barrels a day. The company continues to forecast oil production between 350,000 barrels a day and 365,000 barrels a day, while it expects total production of barrels of oil equivalent a day between 623,000 and 648,000.

☆ Morgan Stanley cuts Tesla price target, warns of 'unexpected headwinds' ahead
▼ + stars: | 2022-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Morgan Stanley cut its price target on Tesla as unexpected headwinds loom in the fourth quarter and 2023. "We had expected Tesla to miss consensus expectations in 3Q due to input cost inflation and other disruption," Jonas wrote in a note to clients Monday. However, given the highly volatile economic environment, we want to make room for unexpected headwinds into 4Q as well as into FY23." Jonas trimmed the bank's price target to $330 a share from $350, suggesting a 56% potential gain from Monday's close. Along with the price target cut, Jonas trimmed free cash flow estimates and noted lower average earnings per share expectations between 2023 and 2027.

☆ Giant new mural celebrates 'warrior' Maradona in Buenos Aires
▼ + stars: | 2022-10-24 | by ( Lucila Sigal | ) www.reuters.com time to read: +2 min

Artist Martin Ron works on a mural depicting late soccer legend Diego Armando Maradona, which will be presented on the anniversary of Maradona, the 30th of October, in Buenos Aires, Argentina October 19, 2022. REUTERS/Tomas CuestaBUENOS AIRES, Oct 24 (Reuters) - An Argentine artist has painted a giant mural of late soccer legend Diego Maradona in Buenos Aires to commemorate what would have been the World Cup winner's 62nd birthday at the end of October. He was a warrior, he went up against adversity, even all injured, he faced whatever came at him," Ron, 41, told Reuters. Ron said it was the largest mural of Maradona ever - around 45 meters (148 ft) high, similar in height to New York's Statue of Liberty. Ron added three stars to the mural to represent Argentina's two World Cup wins in 1978 and 1986 - and what he hopes will be another in Qatar this year.

☆ GM, Ford set to report earnings to a tough crowd on Wall Street
▼ + stars: | 2022-10-21 | by ( Joseph White | ) www.reuters.com time to read: +3 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Ford follows on Wednesday, having already warned investors that third quarter results will fall short of expectations because of supply chain and logistics snarls. Wall Street investors have not waited to act on wariness that demand for cars is finally entering a long-delayed cyclical downturn. GM shares are down 19% since Sept. 19. So far, neither GM nor Ford has cut full-year profit guidance.

☆ London's mayor slams global leaders for 'dragging feet' on climate
▼ + stars: | 2022-10-20 | by ( Adam Jourdan | Thomson Reuters | Regional Bureau Chief In South Latin America With Previous Experience Leading Corporate News Coverage In China | ) www.reuters.com time to read: +2 min

London Mayor Sadiq Khan speaks during the opening of the C40 World Mayors Summit to bold action on climate change, in Buenos Aires, Argentina October 20, 2022. REUTERS/Tomas CuestaBUENOS AIRES, Oct 20 (Reuters) - London Mayor Sadiq Khan, speaking at a climate summit in Argentina, slammed global policymakers on Thursday for "dragging their feet" on environmental policy, amid fears that momentum to tackle climate change has stalled in the face of economic turmoil. Climate Change Conference, known as COP27, with concerns over fuel security and rising costs exacerbated by the war in Ukraine overriding climate goals. A report on Wednesday from global nonprofit research group World Resources Institute found that current global plans to fight climate change, known as nationally determined contributions, would fall well short of Paris Agreement targets. "The climate emergency isn't a tomorrow issue, it's right here today on our doorstep," Khan said.

☆ Analysts are split over where Tesla goes from here after its latest quarterly results
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are divided over the near-term and future trajectory of Tesla shares after the electric vehicle company posted mixed third-quarter results. Piper Sandler's Alexander Potter attributed much of the move to the company's gross margins — which came in at 27.9%, slightly below some analysts' expectations. To be sure, not all analysts are convinced of Tesla's near-term investment thesis. Tesla's stock is down about 37% this year and sits more than 46% off its 52-week high. "TSLA posted strong Q3 results amidst continuing materials shortages and logistics volatility.

☆ In Argentina, controls spawn soybean and 'Netflix' currency rates
▼ + stars: | 2022-10-19 | by ( Lucila Sigal | ) www.reuters.com time to read: +5 min

The blossoming of parallel foreign exchange rates has gained pace in recent weeks, becoming the target of memes online, one calling the array a "tutti-frutti". But it also reflects a serious risk the government faces to protect dwindling dollar reserves needed to pay back debt. The government and central bank argue that the controls are needed to protect foreign reserves and stabilize the economy. "All these different exchange rates shows a political desperation for dollars," said Eduardo Maehler, 37, a self-employed worker in Buenos Aires. "We know the cost of imposing these controls over time: it always ends in a very deep crisis," he said.

BUENOS AIRES, Oct 18 (Reuters) - International Atomic Energy Agency (IAEA) chief Rafael Grossi expects to return "soon" to Ukraine, he told Reuters on Tuesday, amid negotiations to establish a security protection zone around the Russian-occupied Zaporizhzhia nuclear power plant. The talks are seen as key to defusing concerns that have mounted since August about the risks of shelling at or near Zaporizhzhia, Europe's largest nuclear power station. Russia and Ukraine have both blamed each other for the shelling. The head of the IAEA, the U.N. nuclear watchdog, said that separate Russian threats to use nuclear weapons in Ukraine could not be ruled out but that it was "not an immediate possibility". "I believe that the possibility of Russia using nuclear weapons is not an immediate possibility.

☆ Wall Street eyes auto industry earnings for signs of 'demand destruction'
▼ + stars: | 2022-10-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

But with interest rates rising, inflation at record highs and recession fears looming, Wall Street is closely watching third-quarter earnings results and guidance for any signs consumer demand might be weakening. Spak said third-quarter earnings "should mostly be fine," with the focus being on company commentary and guidance revisions. DealersCarMax fueled Wall Street's concerns last month after the used car dealer posted one of its biggest earnings misses ever. Citing CarMax's results, J.P. Morgan analyst Rajat Gupta said the sentiment for franchised dealers' third-quarter earnings "is the most negative we have encountered since the pandemic." Other major dealers scheduled to report third-quarter earnings include Group 1 Automotive on Oct. 26, followed by AutoNation , Asbury Automotive Group and Sonic Automotive on Oct. 27.

☆ Inflation drives global firms eastward in Europe in search of cost savings
▼ + stars: | 2022-10-18 | by ( Michael Kahn | Anna Koper | ) www.reuters.com time to read: +5 min

PRAGUE/WARSAW (Reuters) - Central European companies that provide remote, lower-cost business services for multinationals are ramping up their expansion plans as high inflation drives global firms to push more work to the region to cut costs and bolster margins. “If we started out here as an experiment, the experiment is working.”INFLATION ATTRACTS NEW INVESTORSThe business services sector has grown from almost nothing 25 years ago to an industry employing nearly 800,000 workers across Central and Eastern Europe, an increasingly important engine for local economies. At Comdata, whose 1,500 workers in the Czech Republic and Hungary operate telephone service lines, rising inflation and costs from Western companies have kept business humming. “As more and more companies try to cut and to lower the labour costs they will be moving the services from western Europe,” Nedelnik told Reuters. “I see during the last two or three months the tenders are rapidly growing for German, French, Spanish and English-speaking roles.

☆ Tesla investors try to ignore Musk's many distractions
▼ + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.

☆ EXCLUSIVE Argentina central bank, hopeful on inflation, set to break tightening cycle -sources
▼ + stars: | 2022-10-14 | by ( Jorge Otaola | ) www.reuters.com time to read: +2 min

BUENOS AIRES, Oct 14 (Reuters) - Argentina's central bank is set to hold the benchmark interest rate steady at 75%, which would snap a tightening cycle since the start of the year, two sources said, with the entity hopeful that monthly inflation will slow in the months ahead. A second source with direct knowledge of discussions said the benchmark rate would for now remain unchanged. Argentina's monthly inflation in September came in at 6.2%, the official statistics agency said late on Friday, undershooting forecasts of a 6.7% rise and down from a peak of 7.4% in July. The bank has six directors who make key decisions, along with the president and two vice presidents. The benchmark rate had been 38% at the end of last year.

☆ Turning to garbage dumps to survive, Argentines feel the pain of 100% inflation
▼ + stars: | 2022-10-13 | by ( Lucila Sigal | ) www.reuters.com time to read: +3 min

BUENOS AIRES, Oct 13 (Reuters) - Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs. He said an increasing number of informal workers would come to the waste dump to find any items they could sell in the struggle to survive. But in recent years it has slid from one economic crisis to another and has struggled to keep inflation in check. Pablo Lopez, 26, who works in a small recycling center, said that the scars of rising prices were clear to see. "This inflation is a madness, you can see it here with the people who come to work that inflation hits us all," he said.

New car prices may finally start declining in the coming months — but don't expect to pay much less on a monthly basis due to higher interest rates. Thanks to stalling sales and a 17-month high in vehicle supplies, "deflation" may finally be arriving for new car prices, Jonas said. Power also predicted lower list prices could come in the coming quarters thanks to rising interest rates, higher vehicle availability and worsening economic conditions that are likely to affect overall demand. And the lower list prices would come at a time when interest rates to borrow for car purchases are at levels not seen in 15 years — nearly 6% on average. Analysts at auto group Edmunds.com also suggest customers think about settling for a larger monthly payment to avoid paying more overall.

☆ The Morgan Stanley strategist who called the bear market says the S&P could fall to the low 3,000s
▼ + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wilson's bear case for the S & P 500 is around 3,000, with his base case at 3,400. These estimates represent a drop of about 8% to 18% from the S & P 500's current level. The market needs time to readjust to the headwinds as the Fed attempts to control inflation through rate hikes, he said. The S & P 500 is off 23% from its high and near its lowest levels in two years. Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley.

☆ Top Wall Street analysts name their best stock ideas to ride out the market turbulence
▼ + stars: | 2022-09-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To choose the right stocks, staying aware of what Wall Street analysts are saying can be of help. related investing news Analysts name the top 'high conviction' stocks for playing the market turbulence The perils and promise of quantum computing are nearing. The North American housing market has slowed considerably, with the ill effects trickling down to construction equipment demand. He holds the 782nd position among almost 8,000 analysts tracked on TipRanks and has a success rate of 52%. According to the law, a $3 per kg production tax credit will be provided to developers producing green hydrogen (hydrogen produced with electrolyzers sourced from clean energy).

☆ How the airline industry plans to wean itself off one billion tons of carbon emissions
▼ + stars: | 2022-09-24 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +9 min

But Taylor has nothing on the airline industry, whose annual CO2 emission is pushing one billion metric tons. Airlines have completed test flights with sustainable aviation fuels, and the deals with sustainable aviation fuel producers have started to accumulate. American is the first airline globally to receive validation from the Science Based Targets initiative for its intermediate GHG emissions reduction targets and the only U.S. airline to report using more than 1 million gallons of sustainable aviation fuel in 2021. From ethanol, Gevo then processes further into a product that is chemically identical to standard aviation fuel. Judged against the standards of its own industry, American remains a leader in carbon reduction efforts.

An assembly worker of Ford Motor works on the 40 millionth Ford Motor F-series pickup truck at the Dearborn Truck Plant in Dearborn, Michigan, U.S., January 26, 2022. REUTERS/Rebecca Cook/File PhotoDETROIT, Sept 21 (Reuters) - Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co(F.N), which warned this week it was taking a $1 billion inflationary cost hit. Several suppliers said Ford isn't suffering alone, as automakers across the board are being asked to shoulder more of the burden suppliers have faced from spiking energy, labor and raw material costs. Suppliers contacted by Reuters said they have raised prices on parts in the range of 7% to 20%. Many suppliers can't move fast enough, offering trailing contracts that leave them squeezing costs and accepting lower profit margins when prices spike.

☆ Marvell CEO tells Jim Cramer: We're doing much better than our stock price suggests
▼ + stars: | 2022-09-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

"The long-term opportunity for this company ... is tremendous because if you think about the end markets that we participate in — forget about share gain, forget about new product cycle. Just look at the end markets," Murphy told Jim Cramer in an interview. "The end markets, they have a big determination on a company's performance, especially in a cycle like this," he added. Automotive Automotive/industrial is the smallest of the five end markets for which Marvell reports results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 5 things to know before the stock market opens Wednesday
▼ + stars: | 2022-09-21 | by ( Mike Calia | ) www.cnbc.com time to read: +3 min

ET, while Chairman Jerome Powell will discuss the central bank's rationale at 2:30 p.m. You can stream it live here at CNBC.com. Putin escalatesRussian President Vladimir Putin delivers a speech during a ceremony to receive letters of credence from newly-appointed foreign ambassadors at the Kremlin in Moscow, Russia, September 20, 2022. Pavel Bednyakov| Sputnik | ReutersRussian President Vladimir Putin said he would call up some of the country's reserves as his invasion of Ukraine runs into setback after setback. Mortgage demand somehow risesReal estate listings Adam Jeffery | CNBCAnother week, another wacky turn in the housing market. In the second quarter, YouTube posted its slowest revenue growth since 2019, when Alphabet started breaking out the unit's sales.

☆ Morgan Stanley says this EV battery maker can rally as much as 350%
▼ + stars: | 2022-09-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Jonas also said his bull case scenario has the stock going to $60, more than 350% above the previous close. "The environment is becoming ripe for FREY to become a real player in the global battery economy later this decade," Jonas said. Since the start of 2022, Freyr signed agreements with Powin, Honeywell and Nidec — whose partnership represents one of the largest ESS battery contracts in the world. For the bull case $60 target to be met, the company will have to hit 300 GWh supply, which is a unit of battery measurement, by 2035. The New York Stock Exchange welcomes FREYR Battery (NYSE: FREY), on July 8, 2021, in celebration of its Listing.

☆ In land of Maradona and Messi, fans jostle for World Cup stickers
▼ + stars: | 2022-09-20 | by ( Lucila Sigal | ) www.reuters.com time to read: +2 min

In the birthplace of soccer legends Diego Maradona and Lionel Messi, signs in some shop windows read "no more stickers or albums", referring to the 2022 collectible sticker albums ahead of the November tournament in Qatar. Register now for FREE unlimited access to Reuters.com Register"It's frustrating not being able to find any," said Exequiel Claverie, a 38-year-old media professional and father of three children who are fans of local club River Plate. "I arrive home every day to (my children) saying: 'Hey dad, did you buy stickers?' Sticker manufacturer Italy's Panini says this year many adults are also collecting stickers, adding to demand. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lucila Sigal; Editing by Nicolas Misculin, Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

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