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☆ Consumer spending in China bounced back in August, survey finds
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Larger-than-life roses are on display in Nanjing, Jiangsu province of China, on Aug. 21, 2023, one day before the Qixi Festival. Vcg | Visual China Group | Getty ImagesBEIJING — Consumer spending bounced back in August after a tepid July, according to the China Beige Book's survey of Chinese businesses released Thursday. That's based on a survey conducted Aug. 17 to 25 of 1,300 businesses, the majority of which were not state owned. The China Beige Book survey also found that corporate borrowing surged as cost of capital declined. Another business survey released in mid-August, the CKGSB Business Conditions Index, reported a 50.9 print for July, a touch above the 50.02 figure recorded for June.

Persons: That's, Nomura Organizations: Visual China, Getty, Consumer, National Bureau of Statistics, Services, JL Warren Capital, Louis Vuitton, National Bureau, Statistics Locations: Nanjing, Jiangsu, China, BEIJING

☆ Saabira Chaudhuri — Consumer Goods and Retail Reporter at The Wall Street Journal
▼ + stars: | 2023-08-18 | by ( Saabira Chaudhuri | ) www.wsj.com time to read: 1 min

Saabira ChaudhuriSaabira Chaudhuri covers consumer goods and retail for The Wall Street Journal from London, with a focus on sustainability, health and how companies are adapting to fast-changing consumer behavior. She previously covered U.S. banks for the Journal from New York, and prior to that worked for Forbes, Fast Company and Mint. Saabira graduated from Mount Holyoke College and has a master's in business and economic reporting from New York University.

Persons: Saabira Chaudhuri Saabira Chaudhuri, Saabira Organizations: The Wall, Forbes, Fast Company, Mint, Mount Holyoke College, New York University Locations: London, U.S, New York

☆ Earnings are coming in strong, but watch how the stocks trade and where they close
▼ + stars: | 2023-07-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Bank earnings are strong this morning, and all the major banks have been trading up in early trading. I've been saying all week the problem is not necessarily going to be earnings, but valuations. JPMorgan is also at a new high this week and is also trading up in the early going on strong results. New highs this week in the S & P 500 are not just occurring because tech stocks are strong. Another upsized IPO begins trading on Nasdaq today Finally, the modest IPO reopening continues.

Persons: I've Organizations: JPMorgan, Nasdaq, Apogee Therapeutics Locations: Atlanta, Delta, fractionally

☆ CNBC Daily Open: The U.S. economy refuses to buckle
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 0.7% in extended training. CNBC Pro's Bob Pisani breaks down their performance, picks a winner and explains what this means for the general IPO market.

Persons: Dow, Bob Pisani Organizations: Foods, CNBC, Commerce, Dow Jones, Federal, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: Atlanta , Georgia, U.S, Swedish, New Mexico

☆ CNBC Daily Open: Don't bet against the U.S. economy
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's businesses falterChina's factory activity in June shrank for a third consecutive month, according to data from the National Bureau of Statistics. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 1.9% in extended training.

Persons: Dow, —, Bob Pisani Organizations: CNBC, Commerce, Dow Jones, Federal, Nikkei, National Bureau of Statistics, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: U.S, Asia, Pacific, China, New Mexico

☆ MSCHF’s ‘microscopic’ Louis Vuitton handbag sells for over $63K at Joopiter auction
▼ + stars: | 2023-06-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —A minuscule handbag measuring just 657 by 222 by 700 microns (or less than 0.03 inches wide) sold for over $63,000 at an online auction Wednesday. Barely visible to the human eye, the fluorescent yellowish-green bag is based on a popular Louis Vuitton design — though it is the work of a New York art collective, not the luxury label itself. Microscopic 'Louis Vuitton' handbag sold for $63K at an auction, the latest project from art collective MSCHF. MSCHFThe sale was hosted by Joopiter, an online auction house founded by American musician, record producer and designer Pharrell Williams. “Pharrell loves big hats, so we made him an incredibly small bag,” he told the newspaper.

Persons: Louis, Louis Vuitton, Pharrell Williams, Williams, Louis Vuitton’s, Kevin Wiesner, “ Pharrell, MSCHF, ”, Andy Warhol, Damian Hirst, Birkin, Iggy Azalea, Janelle Monáe, ’ Organizations: CNN, Louis Vuitton, Joopiter, New York Times, Nike Locations: New York, Brooklyn, American

☆ A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024
▼ + stars: | 2023-06-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty ImagesThe U.S. will enter a downturn in the fourth quarter, followed by a "year of contraction and a European recession in 2024," according to HSBC Asset Management. "The coming recession scenario will be more like the early 1990s recession, with our central scenario being a 1-2% drawdown in GDP," Little added. HSBC expects the recession in Western economies to result in a "difficult, choppy outlook for markets" for two reasons. HSBC remains overweight on Chinese stocks for this reason, and Little said the "diversification of Chinese equities shouldn't be underestimated."

Persons: Joseph Little, Little, HSBC's Little Organizations: Shanghai Bank, HSBC, Ucg, Getty, HSBC Asset Management, Global, CNBC, U.S . Federal Reserve, European Central Bank, Bank of England, Fed Locations: Hong, Hong Kong, Victoria, China, Europe, India

☆ Here's exactly where 6 top investment firms recommend putting your money right now as US stocks start to break out
▼ + stars: | 2023-06-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

It has a market-weight rating on six sectors: consumer discretionary, energy, industrials, information technology, materials, and real estate. Goldman SachsGoldman's favorite sectors haven't changed since late April: it's still overweight consumer staples, energy, healthcare, and communication services. Morgan StanleyMorgan Stanley's top sectors are consumer staples, healthcare, and utilities, which reflects its defensive outlook about stocks. The firm is neutral about communication services, energy, financials, industrials, materials, real estate, and tech (excluding cyclicals). It has a neutral "perform" rating on almost all other sectors, including communication services, consumer staples, energy, financials, healthcare, materials, and real estate.

Persons: — Goldman Sachs, Morgan Stanley, Oppenheimer, Truist —, BofA, Savita Subramanian, Goldman Sachs, it's, Morgan Stanley Morgan Stanley's Organizations: Investors, Bank of America, BMO Capital Markets, Tech Locations: Charlotte

☆ This couple bootstrapped their way to a multimillion-dollar business. Here are their top tips for success
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

The duo shared three tips with CNBC Make It on how to run a successful business — in good and bad times. Putting customers firstWhen it comes to building a successful business, Hamilton has one guiding principle: you have to make products that people love. She launched the hair masque in 2018 when she saw a "mid-tier space" in hair care products that had yet to be filled — products of salon-grade quality, but at an affordable price. When people love one product, you can convert product love to brand love. "When people love one product, you can convert product love to brand love," Ostrowski shared.

Persons: Emily Hamilton, Alexander Ostrowski, Coco, Tik, Ostrowski, Emily, Hamilton, Emily Hamilton Co, they're, —, it's, Alexander Ostrowski Co, there's, I've Organizations: CNBC, Hamilton, Eve, Coco Locations: Bali, Singapore, Covid

☆ The Slowdown in Inflation May Have Ended in April
▼ + stars: | 2023-05-10 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +3 min

That plateau could come amid strong price increases for food, gas, used cars and car insurance. Although inflation has been gradually cooling, it remains too elevated for policymakers to be comfortable. Federal Reserve officials are likely to watch the April inflation report closely. There could be one silver lining from April’s numbers: Some economists expect a meaningful slowdown in services prices after stripping out food, energy and housing costs. Policymakers have been watching that trimmed-down measure for a signal of where price increases might go next.

☆ White House begins early planning for 6G development
▼ + stars: | 2023-04-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —The White House plans to meet on Friday with government officials, business leaders and members of the academic community to discuss strategies for building out next-generation 6G wireless technology and lessons learned from the rollout of 5G. “It’s imperative that we start to look at these issues early,” a security official for the Biden administration said during a press call on Thursday evening. The more limited 5G adoption in the US can also be attributed to the fact that 5G network infrastructure developed slower than expected, Gergs said. As a result, 5G networks are less potent and consumers may see less incentive to pay a premium for 5G connectivity. But the government’s early focus on 6G also risks hyping that future technology and making it even harder for carriers to convince today’s consumers to pay to upgrade to existing 5G subscriptions, Gergs said.

☆ Johnson & Johnson (JNJ) earnings Q1 2023
▼ + stars: | 2023-04-18 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Johnson & Johnson shares fell Tuesday after the company reported adjusted earnings and revenue that topped Wall Street's expectations, but lowered its sales guidance for its pharmaceutical business. J&J is now forecasting 2023 sales of $97.9 billion to $98.9 billion, about $1 billion higher than the guidance provided in January. Lawsuits allege the company's talc products were contaminated with the carcinogen asbestos, which caused ovarian cancer in thousands of individuals. Some suits link several deaths to J&J's talc products. Read the full J&J earnings report.

[1/2] Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. While the crisis is not over yet, CEO Jamie Dimon said he expected the tumult from bank failures in March to eventually pass. The U.S. consumer and the economy remain robust, Dimon said, while cautioning that the banking crisis could turn lenders more conservative and impact consumer spending. "However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks." It is expected to remain flat for the rest of 2023, the executives said.

☆ JPMorgan Chase reports record revenue
▼ + stars: | 2023-04-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —JPMorgan Chase (JPM) on Friday reported first-quarter profit and revenue that roundly beat expectations. That’s up from $8.3 billion, or $2.63 per share from the same period a year before, or 52%. With $3.67 trillion in assets, JPMorgan Chase is the largest bank in the United States and a bellwether for the US economy. Deposits rose to $2.38 trillion during the first quarter from $2.34 trillion in the quarter ended in December. “Financial conditions will likely tighten as lenders become more conservative, and we do not know if this will slow consumer spending,” Dimon said, adding that JPMorgan Chase is “confident that we can serve the needs of our customers and clients in all environments.”Shares of JPMorgan Chase climbed 6.1% in pre-market trading.

☆ CNBC Daily Open: Stocks snapped their losing streak but it's unclear if their gains can last
▼ + stars: | 2023-02-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though stocks have staged a rebound, analysts warn that markets are not out of the woods yet. While that means it's possible for markets to advance further this year, two pieces of data coming out Friday — January's personal consumption expenditures price index and personal income report — will test that idea. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Stocks rebound from lows but remain volatile amid confusing market
▼ + stars: | 2023-02-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though stocks have staged a rebound, analysts warn that markets are not out of the woods yet. While that means it's possible for markets to advance further this year, two pieces of data coming out Friday — January's personal consumption expenditures price index and personal income report — will test that idea. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Markets took a beating — and there may be worse ahead
▼ + stars: | 2023-02-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Markets had their worst day in three months. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Some analysts think stocks are facing the reality of higher interest rates —a scenario the bond market has priced in. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ BlackRock shares a 2-part stock-trading strategy for an expected downturn in stocks as the Fed forces the economy into a recession with higher rates
▼ + stars: | 2023-02-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

With inflation still elevated, a strong economy means the Fed will push on the gas pedal more. To avoid the resulting downturn, invest in short-term Treasurys and emerging market stocks, the firm says. Eventually, that will weigh on economic growth and hurt stocks, BlackRock said in a commentary on Tuesday. The Vanguard Short-Term Treasury ETF (VGSH) and the Schwab Short-Term U.S. Treasury ETF (SCHO) are two vehicles for gaining exposure to short-term government bonds. The iShares MSCI Emerging Markets ETF (EEM) and the SPDR Portfolio Emerging Markets ETF (SPEM) offer exposure to emerging-market stocks.

☆ The CIO of a $14.6 billion firm explains why hunting for bargain stocks now could hurt investors in the long run as yesterday's market leaders like tech are overtaken by new companies — and shares whe
▼ + stars: | 2023-01-19 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

RBA's Dan Suzuki believes that bargain hunting for cheap stocks now may be an investing fallacy. Instead, investors should be focused on identifying tomorrow's market leaders. "That's the worst possible combination of macro factors for markets, so we're still pretty cautious in the outlook." He also listed examples of other real assets such as energy, manufacturing, and transportation infrastructure that require significant modernization. Playing offense in 2023Aside from high-quality defensive stocks, Suzuki also sees a few areas with attractive opportunities to play offense in this year.

☆ Tips for investing in 2023 as a potential recession looms large
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Callie Cox: The biggest risks include whether the Fed can get inflation down, and whether we enter a recession. The job market and corporate earnings are the two catalysts that make me think we can avoid those risks. CC: The Fed will be more responsive to what's happening in the job market, because the job market directly impacts inflation. Services inflation — think rent, haircuts, insurance prices — is still growing at a 7% clip annually, which is way too high in the Fed's mind. And the kicker here is that services inflation is the type of inflation that the Fed can best control through the job market.

☆ Apple made a big move into women’s health just as startups go through a funding winter. 4 health investors and founders predict who’ll survive.
▼ + stars: | 2022-12-07 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

The tech giant's moves into women's health coincides with a funding winter for startups in the sector. Insider spoke to VCs about the challenges and opportunities this creates for women's health startups. When Apple rolled out the Apple Watch Series 8 in September this year, it cemented its growing footprint in the global women's health market. The aim is to give consumers a more consolidated view of their health data, an Apple representative said — but it's a step that could spell trouble for women's health startups. Funding into women's health has taken a dipThe tech giant's gradual monopoly over health data comes at a time when its apparent competitors — consumer women's health startups — are feeling the tech downturn.

☆ The biggest security risks of using fitness trackers and apps to monitor your health
▼ + stars: | 2022-11-26 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Fitness trackers, which help keep tabs on sleep quality, heart rate and other biological metrics, are a popular way to help Americans improve their health and well-being. Here's what you should know about the security risks tied to fitness trackers and personal health data. For example, fitness trackers generally connect to a user's phone via Bluetooth, leaving personal data susceptible to hacking. What's more, the information that fitness trackers collect isn't considered "health information" under the federal HIPAA standard or state laws like California's Confidentiality of Medical Information Act. Default social, location settings may need to be changedA fitness tracker's default settings may not offer the most stringent security controls.

☆ 8 best vacuums to shop in 2022, according to experts
▼ + stars: | 2022-10-18 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +18 min

Best bagged upright vacuum: KenmoreThis bagged upright vacuum from Kenmore — a Consumer Reports favorite — is pet-friendly thanks to its powerful inducer motor. Canister vacuums also have fewer moving parts than upright vacuums, which means they typically require less maintenance and fewer repairs. However, canister vacuums can often be more difficult to store due to their hose, wand and bulkier base, she said. UprightUpright vacuums are great for homeowners who have large, wide-open spaces, since they are typically easier to maneuver than canister vacuums. He noted that these models are best for people with smaller spaces to clean, since they’re not as powerful as canister vacuums.

☆ How structural racism plays a role in lowering credit scores
▼ + stars: | 2022-10-11 | by ( Nathaniel Lee | ) www.cnbc.com time to read: +2 min

Credit scores, which represent how likely a person is to pay his or her bills, affects almost every aspect of an American's financial life. "Credit scores are based on past performance," said Aaron Klein, senior fellow in economic studies at The Brookings Institute. Forty-two percent of Americans said their credit scores prevented them from accessing financial products like credit cards or loans. "If the information is not on a credit report, it is systematically impossible for your credit score to be influenced by it," said John Ulzheimer, a longtime expert in the credit industry. Watch the video to find out more about how credit scores can help — and hurt — consumers.

☆ Wall Street strategists say this is what investors must watch for in 3Q earnings reports
▼ + stars: | 2022-10-11 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

As third-quarter earnings season gets underway, investors will be missing a good chunk of the action if they ignore guidance for the fourth quarter. Paint and coatings producer PPG Industries said " sales volume declines were most pronounced in September" and it expects difficult conditions to continue into the fourth quarter. Fourth-quarter earnings estimates for the S & P 500 have already been reduced in half since July 1 – which was just before the start of the second-quarter earnings season. Take a look at what happened during the just-completed Q2 earnings season. That's why it's important to watch what happens with the forward-looking fourth-quarter estimates this earnings season.

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