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☆ Here's how 8 Club stocks also in the Dow did during the average's best month since 1976
▼ + stars: | 2022-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The Dow Industrials just chalked up the best month since 1976 — and out of the 30 stocks that make up the average, we hold eight of them in the Club portfolio. Here's how all of our stocks in the Dow did in the month. Salesforce (CRM) had the third-largest gain of the eight Club stocks in the Dow, rising 13% in October. Keep in mind that for the year, J & J has outperformed the Dow as investors have flocked to classic defensive pockets of the market like health care. J & J closed at nearly $174 on Monday.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ Ford to exit Russia after JV stake sale
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

Oct 26 (Reuters) - Ford Motor Co (F.N) said on Wednesday it would exit Russia, after the U.S. automaker finalized a deal to sell its 49% stake in the Sollers Ford joint venture. "Ford shares will be transferred to the Joint Venture for a nominal value," the company said, adding that it retains the option to buy them back within a 5-year period "should the global situation change". The company had announced a full suspension of its operations in Russia in March. Ford follows U.S. firms including Cisco Systems Inc (CSCO.O) and Nike Inc (NKE.N) in announcing an exit from Russia, after Western countries imposed sanctions on Moscow over its invasion of Ukraine, making it nearly impossible for manufacturers to do business there. Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Workers lacking paid leave quit at higher rates in pandemic, report shows
▼ + stars: | 2022-10-25 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

The report found that workers without paid sick leave quit at three to four times the rate of comparable workers between 2019 and 2021. About a quarter of workers in the U.S. do not have paid sick leave, a proportion that is higher among lower-wage workers. In the congressional report, salaried workers — who typically enjoy more benefits and stability — fared better than hourly workers within companies. Female hourly workers experienced worse outcomes than male hourly workers 30% of the time, but among salaried workers, the difference was less than 10%. Both Black and Asian hourly workers were less likely to be promoted than their white counterparts, while Black hourly workers were fired at higher rates than white ones.

☆ Walmart, Disney among top 12 employers that laid off thousands during the pandemic, House inquiry finds
▼ + stars: | 2022-10-25 | by ( Chelsey Cox | ) www.cnbc.com time to read: +6 min

Black hourly workers at Walmart were also reportedly fired twice as often as white hourly workers in 2020, at 19.7% vs. 10.4%. Members of this group were also fired three times as frequently, 19.7%, as Black salaried employees at 6.3% and almost five times as frequently, 19.7%, as white salaried employees at 4%. In comparison, 10.2% of male hourly workers and 12.4% of female hourly workers with access to sick leave quit that year. Chevron's hourly workers did better than salaried workers more than half the time and while Exxon's hourly workers fared better than salaried workers 40% of the time, according to the report. For instance, Walmart generally did not allow hourly workers to use paid time off benefits until after 90 days of employment.

☆ Watch CNBC's full interview with Cisco CEO Chuck Robbins
▼ + stars: | 2022-10-25 | 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 Cisco CEO Chuck RobbinsDavid Faber sits down with Cisco CEO Chuck Robbins at the company's New York City offices to talk about how the company encourages a hybrid work environment for employees, plus what other companies can do to get workers back in the office.

☆ A former tech exec became an entrepreneur overnight after buying a DTC jewelry brand pulling in $3.5 million yearly. Here's how she found the company and her first steps as a new owner.
▼ + stars: | 2022-10-25 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Suchi Jain Saxena left the tech world to pursue e-commerce entrepreneurship. Jain Saxena told Insider about how she brought her tech background to running a DTC brand. But about five months ago, she decided it was time to leave the tech world and try something new on her own. "I come from a family of entrepreneurs, and I always had this desire to scratch my entrepreneurial itch," Jain Saxena said. Jain Saxena is one of many entrepreneurs who are buying established e-commerce stores, rather than starting their own.

☆ These 15 people are shaping the office of the future, designing meeting pods, hologram calls, and buildings that actually make workers healthier
▼ + stars: | 2022-10-24 | by ( Robert Davis | ) www.businessinsider.com time to read: +27 min

These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.

☆ How Amazon's warehouse empire reshaped the nation — and the US workforce
▼ + stars: | 2022-10-21 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

Today, we're exploring the new Insider project Warehouse Nation, and specifically, Amazon's role. The tech giant has made efficiency the cornerstone of its business, and this series examines how that's reshaped the nation and its workforce. Plus, this week has shown us that Elon Musk and Jeff Bezos have pretty much opposite views on the state of the economy (no surprise there). Elon Musk told investors that he planned to get rid of nearly 75% of Twitter's 7,500 workers, according to The Washington Post. Jeff Bezos thinks it's time to "batten down the hatches," while Elon Musk says Tesla is "pedal to the metal" on production.

☆ Beware of fad stocks. Truly owner, Snap & Zoom have plunged
▼ + stars: | 2022-10-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

The Sam Adams brewer, which also owns the hard seltzer brand Truly, is struggling as the popularity of alcoholic seltzer appears to be fading fast. “The continuing decline of the hard seltzer segment … is deeper than previously expected,” said Boston Beer founder and chairman Jim Koch on the company’s earnings call in July. Sam Adams owner Boston Beer made a big bet on Truly Hard Seltzer. Sales have slowed, the company is still losing money, its founders have left, and the stock has plunged nearly 80% this year. E-signature software company DocuSign (DOCU) and virtual health company Teladoc (TDOC) have also plunged this year after getting huge boosts from Covid in 2020.

☆ 4 power players who left Cisco this year amid supply chain issues, a malware attack, and the market downturn — and 8 who joined
▼ + stars: | 2022-10-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

But top leaders have joined and left the firm amid supply chain issues, a malware attack, and more. Here are four important execs who left Cisco in 2022 and eight who joined. In addition to hardware, Cisco announced plans to deliver new products such as collaboration software, security tools, and predictive software engines that detect networking issues. In the midst of these world events, Cisco saw a series of leadership changes, some of which coincide with major restructuring of its teams. Here are four important executives who have left Cisco and eight who have joined since January 2022:

☆ 4 power players who left Cisco this year amid supply-chain issues, a malware attack, and the market downturn — and 8 who joined
▼ + stars: | 2022-10-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

But top leaders have joined and left the firm amid supply-chain issues, a malware attack, and more. Here are four important execs who left Cisco in 2022 and eight who joined. After three quarters of steady earnings, the $157 billion hardware giant ended fiscal 2022 with fourth-quarter revenue of $13.1 billion. In addition to hardware, Cisco announced plans to deliver new products such as collaboration software, security tools, and predictive software engines to detect networking issues. Here are 4 important executives who've left Cisco and 8 who've joined since January:

Register now for FREE unlimited access to Reuters.com RegisterThe trio of stocks presented by Smith have fallen between 37% and 54% this year. Smith was detailing the thesis of his most recent investments at the 13D Monitor Active-Passive Investor Summit on Tuesday. "We think there's significant upside at Splunk," Smith said noting the company could boost free cash flow margins and maintain strong growth profile that could allow Splunk to generate eight to $9 of free cash flow per share by 2025. He added that, as well as growing profitability, Splunk's business made it highly attractive as a potential acquisition target. "This dynamic creates multiple ways to win and makes the investment in Splunk even more interesting," he added.

Twitter, a social network with hundreds of millions of users, “was over a decade behind industry security standards,” he later testified. His concerns, raised privately at first and later in a whistleblower disclosure that became public, would upend one of the world’s most influential social networks and raise new questions about its pending acquisition by the world’s richest man, Elon Musk. A big part of the issue, Zatko told a Senate panel, was that software and e-commerce companies “want to ignore problems as long as possible. When he was hired to join Twitter, Zatko framed the move in terms of the public good. “This wasn’t my first choice,” he previously told CNN.

☆ Taiwan touts $900 mln in new business from Silicon Valley meetings
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann WangTAIPEI, Oct 15 (Reuters) - Taiwan's economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California's Silicon Valley, the ministry said on Saturday. Taiwan is a major semiconductor producer, home to the world's largest contract chip maker, Taiwan Semiconductor Manufacturing Corp (2330.TW), , and supplies most the world's major tech firms. "The visits are expected to bring back U.S. research and development investment and orders in Taiwan worth more than T$30 billion," it said, without elaborating. Wang said on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure.

☆ Cramer's lightning round: I'm sticking by Intuitive Surgical
▼ + stars: | 2022-10-14 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Intuitive Surgical Inc : "People don't like that group right now. I'm going to stick by it, though." Loading chart...Qualcomm Inc : "It was painful to do, but I had to cut it back [for the Charitable Trust.]" Loading chart...Cisco Systems Inc : "I'm going to hold onto it for the Charitable Trust." Disclaimer: Cramer's Charitable Trust owns shares of Qualcomm and Cisco.

☆ Wall St Week Ahead As U.S. markets churn, some stick with rare 2022 winner: energy shares
▼ + stars: | 2022-10-14 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 energy sector is already up around 48% this year and monetary policy tightening around the world has bolstered the chances of a global recession that could curtail energy demand. The S&P 500 energy sector trades at a trailing price-to-earnings ratio of 9.9, nearly half the 17.4 valuation of the broader index. The S&P 500 is down around 24% this year while bonds - as measured by the Vanguard Total Bond Market index fund - are down nearly 18%. Saira Malik, chief investment officer at Nuveen, believes that fund managers will remain lightly positioned in energy shares despite recent gains. She is also betting that China’s economy will rebound in coming months, supporting global oil prices"We still think energy has legs here," she said.

☆ Wall St Week Ahead: As U.S. markets churn, some stick with rare 2022 winner: energy shares
▼ + stars: | 2022-10-14 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 energy sector is already up around 46% this year and monetary policy tightening around the world has bolstered the chances of a global recession that could curtail energy demand. The S&P 500 energy sector trades at a trailing price-to-earnings ratio of 9.9, nearly half the 17.4 valuation of the broader index. Energy is the only sector in the S&P 500 expected by analysts at Credit Suisse to post positive revisions to their third quarter earnings. Saira Malik, chief investment officer at Nuveen, believes that fund managers will remain lightly positioned in energy shares despite recent gains. She is also betting that China’s economy will rebound in coming months, supporting global oil prices"We still think energy has legs here," she said.

☆ Here’s our October rapid-fire update on all 34 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-10-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. For Club members who are seeking income, we think a stock like Devon represents a better option than, say, AbbVie. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.

☆ Cisco partners with Microsoft to add Teams to its meeting devices
▼ + stars: | 2022-10-12 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - Networking firm Cisco Systems Inc. (CSCO.O) will add Microsoft Corp.'s (MSFT.O) Teams messaging app to its meeting devices, the two firms said on Wednesday, offering users an alternative to its own Webex video conferencing app. Cisco's Jeetu Patel, head of Security & Collaboration, said the company aims to be the hardware platform for a wide range of conferencing software platforms. Register now for FREE unlimited access to Reuters.com Register"There's going to be times that people want to jump on a Microsoft Teams call, they want to jump on a Zoom call, they want to jump on a Google call." Ilya Bukshteyn, vice president of Microsoft Teams Calling and Devices, told Reuters the Teams Room software already runs on several other hardware devices and will be available on Cisco devices from the first quarter of next year. Register now for FREE unlimited access to Reuters.com RegisterReporting By Jane Lanhee Lee; editing by Richard PullinOur Standards: The Thomson Reuters Trust Principles.

Ukraine has accused Russia of deploying missiles made by MMZ Avangard against ground targets since Russia launched what it terms its "special operation" on Feb. 24. "Extreme equipment is used on Russian warships," the complaint said, "in communications systems." "It was necessary to use a cover because the Russian company is blacklisted in the U.S.," one of the people familiar with the shipments said. The executive said he had never heard of Extreme or of DEMZ buying Extreme equipment for itself or on behalf of others. Like MMZ Avangard, United Shipbuilding has been listed as a "blocked" entity by the U.S. Treasury since July 2014.

☆ These are the Dow stocks to buy and sell as rates surge
▼ + stars: | 2022-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

CNBC Pro sought to find the stocks with the most positive correlation to rising rates. Here are the five stocks in the Dow that win the most when rates are on the move. The five Dow stocks most positively correlated to rising rates include Merck , Johnson & Johnson , Procter & Gamble , IBM and Walmart . At the same time, higher rates will hurt five Dow stocks most negatively correlated to the ProShares fund, such as Boeing , Walt Disney and Cisco Systems . Rising rates, which also expose high valuations, would also ding tech stocks such as Microsoft and Salesforce .

Illinois Republican Rep. Adam Kinzinger, who is retiring this cycle after voting to impeach former President Donald Trump, is endorsing a slate of high-profile Democrats (and a few Republicans) in key midterm races. Kinzinger is also backing Republican Sen. Lisa Murkowski and independent Senate candidate Evan McMullin in Utah, House Republican hopeful Larry Lazor in Connecticut and a state House candidate in Minnesota. Shapiro, Hobbs, Fontes, Benson and Murkowski are all running against Republican nominees backed by the former president and who have all at least questioned the legitimacy of President Joe Biden’s election. While not backed by Trump, Nevada Republican secretary of state nominee Jim Marchant and Minnesota Republican secretary of state nominee Kim Crockett have also cast doubt on the 2020 election. While Lee subsequently voted to certify the 2020 election, opponents have used those texts to argue he lent a hand to those who sought to discredit the election.

☆ Best Buy, Lyft, and Adobe are hiring more execs from marginalized backgrounds thanks in part to this woman
▼ + stars: | 2022-10-11 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +7 min

To date, nearly 600 companies including Ralph Lauren, Lyft, Best Buy, Adobe, Oracle, and Cisco have signed on. Josh James, the CEO of cloud-software company Domo, is a cofounder of Parity.org and a signatory of Parity.org's gender pledge in 2017 and its race pledge in 2020. Signing the Parity.org gender and race pledges does not hold CEOs accountable to a specific goal or target date. "Imposing a one-size-fits-all deadline or quota would just lead to failure on the part of many companies," Stickney said. Now, the nonprofit is expanding to conduct pay-equity analyses based on race, gender, and age.

☆ Elon Musk's battle with Twitter shows that even the brashest, loudest leaders can face a reckoning
▼ + stars: | 2022-10-11 | by ( Ebony Flake | ) www.businessinsider.com time to read: +7 min

Now, though, his latest fight with Twitter shows the perils of always leading with bravado: While scandal is unlikely to sink the CEO, he's making extra work for himself — more than he usually does. Musk's negotiations to buy Twitter were subsequently halted when he pushed for concessions the platform was unwilling to give. Duncan Levin, a criminal defense attorney who represents controversial clients, such as Harvey Weinstein, Clare Bronfman, and Anna Delvey, told Insider: "No one is scandal-proof. Musk's ability to bounce back from repercussions is the result of a complex interplay of a fierce, cultlike fandom and his transformational leadership style, experts told Insider. What's more, he's highly intelligent and ahead of most people, a former manager at Tesla previously told Insider.

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