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☆ The stock market has runway to continue its rally until April - and then investors should expect to feel the pain of weak corporate earnings, veteran strategist says
▼ + stars: | 2023-02-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks will continue their rally until April - and then start feeling the pain of weak corporate earnings, Joe Terranova said. The veteran market strategist warned of the lagged effect of Fed rate hikes. "I think the market has a runway though leading up to the next earnings report." "I don't view the Federal Reserve right now as the adversary of the market," Terranova said, though he warned investors weren't completely in the clear. "The first half of the year is going to be better than the second half of the year," Terranova warned.

☆ Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 24%
▼ + stars: | 2023-02-08 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Feb 8(Reuters) - Michael Kors owner Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in demand from department stores for its luxury handbags and apparel and sending its shares tumbling 24%. Capri said third-quarter sales fell 6%, driven by a 20% fall in revenue from its wholesale channel, which includes department stores and other retailers. Revenue for Michael Kors, Capri's biggest brand, fell 4.5% to $777 million in the Americas during the third quarter. Capri, which also owns Jimmy Choo and Versace, cut its annual sales forecast to $5.56 billion, from $5.70 billion. Analysts expect earnings per share of $7.24 on revenue of $6.03 billion.

☆ Americans are comfort eating potato chips, popcorn, and pretzels as economic anxiety rises and recession looms
▼ + stars: | 2023-02-08 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

The US salty snack market is continuing to grow even as consumers feel the pinch. According to Mintel's survey, more than a quarter of people have increased their consumption of salty snacks in the past year, with 47% of millennials eating more chips, popcorn, and pretzels. "As consumers continue to navigate stressful and evolving times, salty snacks can be there to help them slow down and even relieve stress," Mintel analyst Kelsey Olsen in a statement. "Salty snacks are winning in their ability to satisfy cravings and meet emotional needs, expanding their role beyond a quick hunger-satisfying solution." "Snacking continues to be a way for consumers to connect or to enjoy a moment of delight in their day," he added.

Disability Insurance Is Available at All Wage LevelsYou should opt for disability insurance if you're the sole earner in your family. Disability Insurance Can Help Parents Pay BillsWorkers with children should also consider disability insurance. Disability Insurance Is Also for Self-Employed WorkersSelf-employed workers or own small business owners may disregard the need for disability insurance. Disability Insurance Can Help with Nagging InjuriesDid you know just 14% of Americans have disability insurance? Disability insurance is one way to shield yourself financially to make wise decisions before a nagging backache becomes a permanent disability.

☆ McDonald’s finds inflationary happy place
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 31 (Reuters Breakingviews) - McDonald’s (MCD.N) is having a good time at the bottom of the price food chain. The Chicago-based burger purveyor on Tuesday said that same-store sales rose 12% year-over-year in the last three months of 2022. That has helped restaurants grow, but McDonald’s is particularly benefitting. That’s despite McDonald’s touting the benefit of “strategic menu price increases” this quarter; the company previously said its U.S. prices should be up over 10% for the full year. How long this can continue probably depends on other options staying pricier – but for now, the nugget-maker has found its happy place.

☆ Emotional Djokovic hails biggest victory of his life
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +3 min

But the Serbian's woes are now well behind him and his 6-3 7-6(4) 7-6(5) victory over Tsitsipas was met with thunderous applause from a packed crowd at Rod Laver Arena. "I have to say that this has been one of the most challenging tournaments I have played in my life, considering the circumstances," Djokovic said in his on-court interview. This, probably, is the biggest victory in my life considering the circumstances." This is definitely not your last Grand Slam, you still have a lot of time, much more than me," Djokovic said. Tsitsipas, who fell short of becoming the first Greek tennis player to win a Grand Slam, commended Djokovic's contribution to the sport.

☆ Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
▼ + stars: | 2023-01-28 | by ( Melissa Repko | ) www.cnbc.com time to read: +7 min

In company surveys, he said nearly every shopper said the store's displays and mannequins encouraged them to browse longer. Walmart's new store design includes displays that show off how a customer could decorate a nursery or kitchen. Melissa Repko | CNBCWashington declined to share data about Walmart's store traffic and sales at its Springdale store and other flagships that have opened in recent months. Visits to its Walmart store in Springdale, Ark. Victor Millan, of Ridgefield Park, New Jersey, makes weekly shopping trips to the Walmart in Teterboro for groceries and other items.

☆ H&M highlights fast-fashion gloom as luxury takes hit in China
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +4 min

Shares in H&M, the world's No. 2 fashion retailer, fell as much as 6% in early trade after quarterly operating profit sank to 821 million Swedish crowns ($79.7 million) from 6.26 billion a year earlier. Zara has outperformed rivals after selling higher-priced garments and enticing shoppers who might have otherwise spent money at luxury stores. Disappointment over the impact of the China disruptions on its margins caused a record-breaking run in LVMH shares to briefly halt on Friday. The luxury industry is nevertheless expected to be one of the biggest winners from the loosening of restrictions that kept shoppers out of stores in China for months.

☆ Unemployment is lasting longer for more Americans—here are 3 ways to boost your savings
▼ + stars: | 2023-01-27 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Layoffs and extended periods of unemployment are a few of the many reasons you might have to use your emergency fund. Use these tips to beef up your emergency fund, whether you're just getting started or looking to add extra cushioning. Ideally, you'll be able to routinely put money toward both your emergency fund and retirement savings, but if you have to pick one, prioritize emergency savings first. Your emergency savings, on the other hand, should be readily available, such as in a high-yield savings account. Plus, when you're young, you have time to catch up on your retirement savings.

The first scenario is consistent with a recession starting in early 2023, the second with a recession deferred until late 2023 or early 2024 when inflation and interest rate rises induce a slowdown. CYCLICAL EXTREMESDuring a typical economic cycle, output growth alternates between expansions well above the long-term trend rate and contractions well below trend; growth is close to trend only for relatively short periods. Distillate inventories are unlikely to be replenished without a recession or at least a significant mid-cycle slowdown to curb consumption. UNPALATABLE CHOICESIn the first scenario, the global economy tips into recession, cutting distillate consumption, boosting inventories and lowering prices. From this starting position, an early recession, or persistent inflation followed by a recession, are much more likely outcomes than a soft landing in 2023.

☆ Texas Instruments signals expanding pain for chipmakers with somber forecast
▼ + stars: | 2023-01-25 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Texas Instruments (TXN.O) forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets. Order cancellations rose during the fourth quarter, head of investor relations Dave Pahl told analysts in an earnings call. Total revenue fell 3% to $4.67 billion in the quarter, compared with estimates of $4.62 billion. Texas Instruments expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion, according to Refinitiv data. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations of $1.87.

That surge in demand and limited supply contributed to higher prices. But diners will likely still pay higher menu prices than they were last year. Dutch Bros. Coffee CEO Joth Ricci told CNBC that most coffee businesses hedge their prices six to 12 months in advance. However, Zandi said, if the job market remains strong, inflation eases and wages grow, Americans can better manage higher prices for airfare and other items. Several hot pandemic items, including TVs, computers, sporting goods and major appliances have dropped in price, according to Labor Department data from December.

☆ Azarenka up for the challenge as Sabalenka seeks calm
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

Although Sabalenka and Magda Linette of Poland will be playing in their first semi-finals at Melbourne Park, Azarenka returns to final-four action after a decade away when she takes on Wimbledon champion Elena Rybakina. Now a self-confessed "obnoxious" soccer mom, the 33-year-old Azarenka looked every inch the player who won back-to-back Australian Open titles in 2012 and 2013 when she took apart in-form third seed Jessica Pegula in the quarter-finals. "It will be a great matchup," said Belarusian Azarenka, who lost their only meeting in straight sets at Indian Wells last year. Sabalenka, who has played three previous Grand Slam semi-finals and lost them all, knows that her biggest battle on Thursday will most likely be with her own emotions. "I think it's going to be a great test for me, if I can actually keep myself calm in key moments," Sabalenka said.

☆ Texas Instruments' forecasts miss estimates in sign of wider demand slump
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Chipmaker Texas Instruments (TI) (TXN.O) forecast first-quarter revenue and profit below Wall Street targets on Tuesday as a wider economic downturn threatens to shake demand even in end-markets that were resilient last year. The automotive market was the only exception to weak demand, TI Chief Executive Rich Templeton, who will step down in April, said on Tuesday. TI's revenue fell 3% to $4.67 billion, but beat analysts' average estimate of $4.62 billion, according to Refinitiv data. The company expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations.

☆ Greedflation: 'Entirely possible' that food brands are profiteering from price hikes, says Tesco chairman
▼ + stars: | 2023-01-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Consumers have been feeling the pinch from higher food prices as inflation soars. The chairman of Tesco, one of Britain's largest supermarket chains, said Sunday it was "entirely possible" that some food firms are profiteering from inflation at the cost of some of the poorest consumers. Tesco has created a team to monitor food input costs against price rises and is challenging companies it believes are lifting prices disproportionately, Allen said. Tesco told CNBC that it was unable to provide further comment. Food suppliers have hit back at the claims.

☆ 12 ways to save on groceries during inflation
▼ + stars: | 2023-01-23 | by ( Jamie Johnson | Jamie Johnson Is A Kansas City-Based Personal Finance Writer Whose Work Has Been Featured On Several Of The Top Finance | Business Sites In The Country | ) www.businessinsider.com time to read: +11 min

12 ways to save money on groceriesGroceries are an unavoidable purchase, but by shopping strategically, you can avoid paying full price at the store. You can also use loyalty programs to save money at your favorite stores. Retailers like Walmart, Target, and Kroger all offer membership programs where you can earn free delivery for groceries, save money on gas, and learn about in-store promotions. Buying in bulkYou can save on groceries during inflation by buying household products in bulk at warehouse stores like Costco and Sam's Club. Get organized and plan aheadOne of the best ways to avoid overspending is to go to the grocery store with a plan.

☆ Mark Cuban used this grocery store hack to get cheap food when he was broke
▼ + stars: | 2023-01-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Mark Cuban might be a billionaire now but, before he became a successful entrepreneur, Cuban had to pinch pennies. Cuban, who lived in a three-bedroom apartment with six roommates at the time, didn't just look for deals on food, though. Cuban had "credit cards cut up" and "bill collectors" on his trail, he told Maher. Other 20-somethings wouldn't likely be able to copy his roadside strategy, he told Maher. It was all about going for it," Cuban told The Dallas Morning News in a 2011 interview.

☆ Nick who? De Minaur steps out of Kyrgios shadow
▼ + stars: | 2023-01-21 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

But De Minaur has filled the breach superbly at a tournament where Australians are now in short supply. "I'm very happy, I can't lie," De Minaur told the centre court crowd. Inflatable kangaroos bobbed in the Rod Laver Arena terraces and Mexican waves surged around the stadium in the third set as De Minaur put the foot down against Bonzi. "I wasn't sure what to expect, but to see a packed Rod Laver Arena was pretty special," he said. "I hope everyone that's on this court is going to go and support Alexei Popyrin," De Minaur said in a rallying cry to the Laver crowd.

☆ Thinking of jumping back into Big Tech? This investor is wary of 2 stocks in particular
▼ + stars: | 2023-01-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors have been getting back into tech stocks, with the tech-heavy Nasdaq leading all three major Wall Street indexes since the start of the year, rising over 6%. But fund manager Trent Masters of Alphinity Investment Management isn't convinced — and told CNBC Pro Talks last week which two Big Tech stocks might be worth avoiding for now. He doesn't own any Big Tech names at the moment, except for a "residual position" in Apple. Meta Masters told CNBC Pro there are "genuine questions" over a few companies' business models — and Meta is the "most exposed" of the lot. Apple Masters said the latest iPhone release was "fairly tepid" as "there wasn't really much in terms of product iteration."

☆ Apple announces new Macs with its most powerful chips yet
▼ + stars: | 2023-01-17 | by ( Todd Haselton | ) www.nbcnews.com time to read: +1 min

Apple announced new Macs on Tuesday that can be purchased with either M2 Pro or M2 Max chips, the most powerful Apple processors yet. The company unveiled refreshes to its 14-inch and 16-inch MacBook Pro laptops, both of which can now be configured with the latest processors. Apple also announced an update to its Mac mini computer with support for the M2 Pro or M2 Max. In January 2022, it reported December quarter Mac revenue of $10.85 billion, up 25% year-over-year. The Mac mini starts at $599, $100 less than the prior version, while the new 14-inch MacBook Pro starts at $1,999.

☆ U.S. Labor Secretary Marty Walsh: People are still feeling the 'pinch' in the grocery stores
▼ + stars: | 2023-01-17 | 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 EmailU.S. Labor Secretary Marty Walsh: People are still feeling the 'pinch' in the grocery storesU.S. Secretary of Labor Marty Walsh joins 'Squawk Box' to discuss the strong labor market, if the Biden administration is willing to live with a five percent unemployment rate and if there's a way to tame inflation without harming the labor picture.

☆ Apple announces new Mac mini, MacBook Pro with M2 Pro and M2 Max chips
▼ + stars: | 2023-01-17 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Apple also announced an update to its Mac mini computer with support for the M2 or M2 Pro chips. Apple no longer sells an Intel version of the Mac mini, which means the Mac Pro is the last computer that can be configured with an Intel processor. Apple on Tuesday announced new Macs that can be purchased with either M2 Pro or M2 Max chips , the most powerful Apple processors for MacBooks and the Mac mini to date. The Mac mini starts at $599 with an M2 chip, $100 less than the prior version, or $1,299 with the M2 Pro. The new 14-inch MacBook Pro starts at $1,999.

☆ Companies’ Capital Spending Forecast to Slow in 2023 Amid Recession Fears
▼ + stars: | 2023-01-16 | by ( Kristin Broughton | ) www.wsj.com time to read: +8 min

Companies are expected to tap the brakes on capital investments this year as they assess the risk of a downturn and contend with higher financing costs. Capital spending in 2021 rose by 9% compared with 2020, the first year of the pandemic, EY said. After two years of spending heavily, some companies want to take a pause to digest the investments they’ve made, advisers said. FedEx Corp. last month lowered its capital spending forecast for the current fiscal year by $400 million, to $5.9 billion. The remainder said they don’t finance their capital spending plans through borrowing, or their borrowing isn’t sensitive to changes in interest rates.

☆ This 'serial ghoster' says she cut off contact with a potential employer after checking out the CEO on social media
▼ + stars: | 2023-01-15 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

One-fifth of workers polled by ZipRecruiter said they ghosted an employer in their latest job hunt. In an October survey by ZipRecruiter, 21.6% of respondents said they'd "ghosted" a prospective employer during their latest job hunt. Before accepting a job, Gray always checks out company reviews on sites like Glassdoor and examines the social-media profiles of the senior-leadership team. Gray once ghosted a prospective employer after an initial interview. She told Insider she's trying to become a "reformed ghoster" and make a conscious effort to offer specific feedback if she felt a prospective employer wasn't the right fit.

Most personal loan lenders give you up to five years to repay the balance. CNBC Select rounded up six of the best personal loan lenders that offer longer loan terms. Not all personal loan lenders allow co-applicants but SoFi does — especially for those who are DACA recipients. A long-term personal loan is simply a personal loan that offers a longer amount of time to repay the loan balance. Common personal loan definitions you should knowHere are some common personal loan terms you need to know before applying.

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