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☆ P&G CEO Jon Moeller on earnings beat: Volume is coming along nicely
▼ + stars: | 2023-07-28 | 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 EmailP&G CEO Jon Moeller on earnings beat: Volume is coming along nicelyP&G CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, the rest of the year's outlook, and more.

Persons: Jon Moeller

☆ Watch CNBC's full interview with P&G CEO Jon Moeller
▼ + stars: | 2023-07-28 | 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 EmailWatch CNBC's full interview with P&G CEO Jon MoellerP&G CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, the rest of the year's outlook, and more.

Persons: Jon Moeller

☆ Electric helicopters could replace rideshares. How to invest in this 'evolutionary' technology
▼ + stars: | 2023-07-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

"It's more of an evolutionary technology than a revolutionary technology." But Cowen managing director Cai von Rumohr said investors should be prepared for timelines to be pushed back, as this is still considered "early-stage tech." "Given the push for climate and to basically reduce carbon emissions, I think, at some point, there's going to be a market," von Rumohr said. The outlook is still clouded by many variables, von Rumohr said. "It's definitely an important investment opportunity for investors," Moeller said.

Persons: Harry Potter, Austin Moeller, Moeller, Archer, Joby, Cowen, Cai von Rumohr, von Rumohr, Lilium, Von Rumohr, Marco Iachini, Vanda Research's, Bill Peterson, It's Organizations: Archer, Federal Aviation Administration, FAA, Toyota, Stellantis, Air Force, Aerospace, JPMorgan

☆ Loewe overtakes Prada: How the new hottest fashion brand in the world shot to fame with help from Beyonce, Rihanna, and Kylie Jenner
▼ + stars: | 2023-07-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Loewe has surpassed Prada as the hottest fashion brand in the world. Loewe is a Spanish fashion house that was founded by a leather craftsman in 1846. Loewe has surpassed the Italian brand as the hottest fashion brand in the world, according to the Lyst Index, a quarterly ranking of the most popular brands and products. Established in 1846, Loewe is a Spanish fashion house that has been around longer than Prada. And Emily Ratajkowski wore Loewe's giant laceleaf top during Paris Fashion Week.

Persons: Loewe, Prada, Lyst, Enrique Loewe Roessberg, King Alfonso XIII, LVMH, Jeremy Moeller, Johnathan Anderson, JW Anderson, Loewe's pixelated hoodie, Anderson, Rihanna, Beyonce, Emma Watson, Jennifer Lawrence, Emily Ratajkowski, Kylie Jenner Organizations: Service, Prada, London College of Fashion, British, Getty, Super, Paris Locations: Spanish, Wall, Silicon, Irish

☆ Canaccord initiates Joby and Archer as buy
▼ + stars: | 2023-06-09 | 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 EmailCanaccord initiates Joby and Archer as buyAustin Moeller, director of equity research at Canaccord Genuity, joins 'The Exchange' to explain why his firm initiated coverage of Joby Aviation and Archer Aviation with a buy rating.

Persons: Archer, Austin Moeller Organizations: Joby Aviation, Archer Aviation

☆ U.S. Midwest grid operator flags urgent need for market reforms
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

The reforms are needed "to maintain reliability and send the right pricing signals to the market," said Clair Moeller, president and CEO at Midcontinent Independent System Operator (MISO). For the zone which covers most of Louisiana and southeast Texas, the clearing prices for fall and winter were $59/MW-day and $19/MW-day, respectively. Market participants who postpone the retirement of resources and import additional capacity this year may not be able to repeat those measures in the future, said Moeller. "We continue to see uncertainty and volatility in the auction results year-over-year, and managing the system in real-time is becoming more challenging," Moeller added. Reporting by Deep Vakil in Bengaluru; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Starbucks, Estée Lauder, Qualcomm: Global companies warn of slower-than-expected recovery in China
▼ + stars: | 2023-05-11 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Starbucks (SBUX) and Qualcomm (QCOM) have also flagged uncertainties related to the country, which is a top market for both. Beijing abandoned its zero-Covid policy in December and scrapped longstanding quarantine requirements for international arrivals in January, ending restrictions that had isolated its economy. The welcomed, if abrupt, policy U-turn led to hopes that China could help propel global growth as it had before the pandemic. The idea was that as soon as the zero-Covid policy would be over, the Chinese households and consumers would just go berserk. Starbucks warned last Tuesday that sales growth in China was starting to cool — and likely would continue that trajectory over the next six months.

☆ P&G CEO Jon Moeller on Q1 earnings
▼ + stars: | 2023-04-21 | 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 EmailP&G CEO Jon Moeller on Q1 earningsP&G CEO Jon Moeller joins Squawk Box' to react to the company's Q1 earnings, which beat Wall Street's revenue and earnings estimates.

Organizations: & & '

☆ Watch CNBC's full interview with P&G CEO Jon Moeller on earnings
▼ + stars: | 2023-04-21 | 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 EmailWatch CNBC's full interview with P&G CEO Jon Moeller on earningsP&G CEO Jon Moeller joins Squawk Box' to react to the company's Q1 earnings, which beat Wall Street's revenue and earnings estimates.

☆ Double-Digit Price Increases Bolster Profits at Procter & Gamble
▼ + stars: | 2023-04-21 | by ( Lora Kelley | ) www.nytimes.com time to read: +1 min

Procter & Gamble, a consumer goods bellwether, said that its profit grew in the first three months of the year after it raised prices 10 percent across its brands, the second consecutive quarterly double-digit increase. The company’s profit margin expanded in the quarter, with price increases more than offsetting the rise in what it paid for raw materials. In other words, Procter & Gamble made more money even though it sold fewer products. Sales volumes at the company have declined for the past four quarters. Jon Moeller, Procter & Gamble’s chief executive, said in a statement that the company delivered strong results “in what continues to be a very difficult cost and operating environment.”

Uwe Oppitz of Rhenus Ports, who speaks for Energy Hub Port Wilhelmshaven, said that Wintershall Dea (WINT.UL) (BASFn.DE), Uniper (UN01.DE) and Tree Energy Solutions (TES) plan to spend a total of more than 5 billion euros at Wilhelmshaven. Energy Hub Port Wilhelmshaven comprises 30 companies, which include E.ON (EONGn.DE), RWE (RWEG.DE) and Orsted (ORSTED.CO), as well as Wilhelmshaven's home state of Lower Saxony. "Wintershall Dea plans to invest around 1 billion euros in the Wilhelmshaven site together with its partners," it said. And steelmaker Salzgitter (SZGG.DE) has already struck a deal with Uniper to receive green hydrogen for its steel mill processes, replacing essential fossil-fuel produced hydrogen. "We don't want to push green hydrogen to the side.

☆ A 24-year-old Black tattoo artist explains why she and many others are fleeing Austin: 'The soul of the city has changed'
▼ + stars: | 2023-03-12 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Imani Tatum is leaving Austin after living there for the past three years. "I wanted to create a place where specifically marginalized people could be tattooed, while being safe and enjoying themselves," Tatum told Insider. Tatum said she's done: she's closing Nana's Prayers, packing her bags and heading to a new city in May. But affordable housing remains scarce in the city, and that's driving out many minority residents, like Tatum. While price growth has slowed in Austin, the city's median home price still sits at a staggering $525,000, $140,000 above the US median sale price, according to real estate brokerage Redfin.

☆ P&G, Constellation Brands see solid U.S. demand, even as prices rise — a key reason we're shareholders
▼ + stars: | 2023-02-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Constellation Brands "Consumer demand for our products remains strong even in a challenging macro environment," Newlands said. Procter & Gamble Inflation continues to weigh on consumers and impact global sales volumes at P & G, CFO Andre Schulten said Thursday. P & G last month delivered solid fiscal second-quarter results , in part through raising prices by as much as 10% on some products. Constellation Brands, meanwhile, continues to demonstrate sustained demand for its leading beer brands. Trucks with Constellation Brands Inc. Corona and Modelo beer sit during a delivery in the Zona Rosa neighborhood in Mexico City, Mexico.

Moeller-Maersk and Mediterranean Shipping Co. created the so-called 2M alliance in 2015 to help them reduce costs by sharing cargo on major ocean routes. Rivals formed similar partnerships, creating the Ocean Alliance and THE Alliance. Global trade volumes fell 9.5% year over year in November 2022, according to London-based Container Trade Statistics, and global shipping rates have been sliding at a steep pace since early last year. He said the winding down of 2M raised questions over the future of the other two alliances, Ocean Alliance and THE Alliance. So the in-transit issues and all the penalties have pretty much faded away.”Target said in an email that it renegotiates its shipping rates regularly.

☆ It's the perfect time to start your sneaker collection
▼ + stars: | 2023-01-24 | by ( Danni Santana | ) www.businessinsider.com time to read: +7 min

Inflation and high inventory have created the perfect environment for new sneaker collectors. Sneakers are easier to getMost shoes have become relatively easy to get, said a sneaker collector who goes by Sockjig and is the host of the "Sockjig Sneaker Podcast." Sneakerheads new to the Snkrs app might have a better chance of getting one of those "unicorn" shoes, Sockjig said. Saucony is a popular brand among sneaker collectors following casual-fashion trends. And they've placed the emphasis on the Snkrs app," Burns said.

☆ Company outlooks so far paint a dreary 2023 earnings picture, BofA says
▼ + stars: | 2023-01-23 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

The early 2023 corporate earnings outlooks that companies are issuing alongside actual fourth-quarter results are deteriorating, Bank of America equity and quantitative strategist Savita Subramanian wrote in a report Sunday. As a result, S & P 500 earnings estimates for 2023 have already fallen 1% — but are 10% down from where they were at the peak in June 2022. "Early signs are troubling," with an in-house "S & P guidance ratio" falling into the 10th percentile, signaling that "corporate misery [is] rising." What's worse, analysts' estimates had already fallen 7% coming into the reporting period, Subramanian said. She noted the same disconcerting early earnings trend, headlining a report out on Monday with, "EPS Backdrop Continues To Soften."

☆ Mexican authorities find bullet-riddled car that missing Ohio man was traveling in and bodies buried nearby
▼ + stars: | 2023-01-20 | by ( Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

Authorities in Mexico found a car that a 36-year-old Hamilton, Ohio man was traveling in when he went missing in the country at the end of last year, according to officials. The body of a man roughly between the age of 20 to 35 was also found along with the car, according to the attorney general. Gutierrez went missing in Mexico in Dec. 2022 while visiting his fiancé, Daniela Pichardo, in Mexico, NBC affiliate WLWT reported. According to a preliminary forensic analysis, four bodies were found in the burial site near Gutierrez' car, three women and one man, the office of the attorney general said. Gutierrez worked for Champlin Architecture at the time of his disappearance, a spokesperson for the company confirmed over the phone.

☆ P&G CEO: We're seeing input costs rise but at slower rate than last year
▼ + stars: | 2023-01-19 | 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 EmailP&G CEO: We're seeing input costs rise but at slower rate than last yearJon Moeller, P&G chairman, president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, which headwinds impacted P&G the most and if Moeller expects inflation to trend lower.

☆ P&G's uneventful quarter and guidance overshadows compelling execution in a tough environment
▼ + stars: | 2023-01-19 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Club holding Procter & Gamble (PG) reported fiscal second-quarter results largely in line with expectations before the opening bell Wednesday. During the December quarter, management returned roughly $4.2 billion to investors via $2 billion share repurchases and another $2.2 billion via dividends. Guidance Management raised their fiscal year 2023 sales guidance, now expecting sales to be in a range of down 1% to in-line. On the bottom line, management reaffirmed EPS guidance to be in line to up 4% versus fiscal 2022 earnings of $5.81 per share, better than the 0.3% growth the Street has been modeling. We made a table (see above) of the reported numbers versus estimates and how each line item compares to the year-ago quarter and the prior fiscal quarter.

☆ P&G CEO's upbeat take on the economy makes the consumer staples giant even more attractive in 2023
▼ + stars: | 2023-01-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Shares of Procter & Gamble were trading down 0.6% midday Thursday, at $144.63 apiece. Bottom line Moeller offered a welcomed upbeat take on the economy and P & G's potential for growth in 2023. P & G remains a stock we prefer amid economic uncertainty, as its consumer products are essential in any economic environment. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background.

☆ German Defence minister resigns, successor to be announced promptly
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +3 min

Lambrecht asked the chancellor to dismiss her, as formally required, and Scholz has accepted it, a government spokesperson said. The chancellor would propose a successor promptly, the person added, refusing to comment on names. Parliamentary Commissioner for the Armed Forces Eva Hoegl, junior defence minister Siemtje Moeller, SPD party head Lars Klingbeil and Labour Minister Hubertus Heil have been suggested as candidates by German media. The Frankfurter Allgemeine Zeitung newspaper said, citing government sources, that a successor would be announced on Tuesday. Marie-Agnes Strack-Zimmermann, the head of Germany's parliamentary defence committee and a member of Scholz's junior coalition partner Free Democrats (FDP), called for her successor to be installed quickly.

☆ German defence minister resigns amid criticism, pressure over Ukraine arms
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +4 min

Lambrecht asked Scholz to dismiss her, as formally required, and he has approved, a spokesperson for the Social Democratic (SPD)-led coalition government said. During a visit to arms manufacturer Hensoldt, Scholz thanked Lambrecht for her service and said he would act fast to replace her. Among the candidates mooted by German media are Parliamentary Commissioner for the Armed Forces Eva Hoegl, junior defence minister Siemtje Moeller, SPD party chief Lars Klingbeil and Labour Minister Hubertus Heil. Economy Minister Robert Habeck praised Lambrecht for her ambition to reform the Bundeswehr and said her decision would not have been taken lightly. Associated with this were for me many special impressions, many encounters with interesting, great people," Lambrecht said in the video.

☆ German defence minister Lambrecht to step down -govt source
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 13 (Reuters) - Germany's defence minister Christine Lambrecht plans to resign, a government source said on Friday, potentially adding to chancellor Olaf Scholz's problems as he cautiously seeks to step up military support for Ukraine. The paper listed the Parliamentary Commissioner for the Armed Forces, Eva Hoegl, and junior defence minister Siemtje Moeller as potential successors. Spiegel magazine added SPD party head Lars Klingbeil and Labour Minister Hubertus Heil to the list of candidates. The news comes as Scholz is under pressure to approve an increase in international military support for Kyiv to help it repel Russian forces from Ukraine. Associated with this were for me many special impressions, many encounters with interesting, great people," Lambrecht said in the video.

☆ Inside climate tech's record-breaking year where the energy crisis, new regulation, and a maturing debt market helped European startups raise $17.5 billion
▼ + stars: | 2022-12-30 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Climate tech was a clear green shoot in a tumultuous 2022 but there will be a delayed correction. But there has been one green shoot: Climate tech. "We've just gotten started when it comes to climate tech," Emitwise's Cozzi said. Many climate tech companies have raised at high valuations, said Magda Lukaszewicz, principal at Balderton Capital. Energy and infrastructure companies are tipped as winners, while pure software plays may see some consolidation, climate tech investors and founders said.

☆ 'Never been so cheap': Fund manager explains why he loves shipping stocks right now
▼ + stars: | 2022-12-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

There are a host of reasons to consider investing in shipping companies, according to Pure Value Metrics' Richard-Mark Dodds, who said many of the stocks had attractive entry points. It's in contrast to the bumper year of 2007, Dodds said, when ship owners mistakenly expanded their shipping fleets instead. Buy-rated shipping stocks CNBC Pro screened for stocks in the shipping sector that could offer opportunities to investors. Shipping fleet 'becoming more valuable' Meanwhile, Dodds pointed toward another trend that could boost earnings: a reluctance by shipping owners to buy new vessels over environmental concerns. "The [existing] shipping fleet is becoming more valuable as time goes by because fewer ships are being built."

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