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☆ Green alliance crisis is more than just a US drama
▼ + stars: | 2023-06-19 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Back in March the Net-Zero Insurance Alliance (NZIA) boasted 30 members, representing about 15% of global premium volume. Now the NZIA, a key financial forum for insurers to set decarbonisation targets and a part of the Glasgow Financial Alliance for Net Zero (GFANZ), has shrunk to just 13 companies. Even those who choose to stay in the NZIA risk losing business due to state politicians pursuing a “war on woke”. NZIA, part of the Glasgow Financial Alliance for Net Zero set up by U.N. climate envoy Mark Carney, requires members to commit to reducing their greenhouse gas emissions. In rapid succession Japanese insurers Sompo Holdings, MS&AD and Tokio Marine as well as Australia’s QBE Insurance quit the net-zero alliance in late May.

Persons: Beneva, Mark Carney, French reinsurer Scor, Lloyd’s, John Neal, George Hay, Oliver Taslic Organizations: Reuters, Global, United Nations, Zero Insurance, Glasgow Financial Alliance, Zero Banking Alliance, Alliance, European Union, Reuters Graphics Reuters, ”, Zurich Insurance, Munich Re, Hannover Re, Allianz, Axa, French, Sompo Holdings, Tokio Marine, QBE Insurance, Thomson Locations: United, United States, Germany, NZIA, Munich, Tokio, London

☆ 6 ways the Russia-Ukraine war could play out in the wake of Ukraine's counteroffensive
▼ + stars: | 2023-06-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

Over a year since Russia invaded Ukraine, there still does not appear to be a clear end in sight. Here are six ways the war could play out and what victory might look like for either side. Russia's war in Ukraine has been raging on for over a year, and there is still no clear end to the conflict in sight. With the largest land war in Europe since 1945 now entering a new phase, here are six ways it could play out. One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO.

Persons: —, Volodymyr Zelenskyy, it's, Seth Jones, Mykhalchuk, Jones, SERGEY SHESTAK, Muhammed Enes Yildirim, Putin, He's, Zelenskyy, Vladimir Putin, LUDOVIC MARIN, they've, Spencer Platt, It's, Mark Cancian, Sergei Shoigu, Valery Gerasimov, Scott Peterson, Mark Milley, Eugen Kotenko, Vladimir Putin's Organizations: Service, Center for Strategic, Studies ', Security, Leopard, Getty, Anadolu Agency, Marine, intel, 95th Airborne Brigade, US Joint Chiefs of Staff, Publishing, Getty Images, NATO Locations: Russia, Ukraine, Europe, South Korean, AFP, Donetsk, Crimea, Russian, Ukrainian, Siversk, Luhansk, Zaporizhzhia, West, Kyiv, China

☆ Bitcoin gets a sliver of optimism to cap an otherwise dismal week for crypto
▼ + stars: | 2023-06-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. A moment of relief Bitcoin climbed about 4% Friday, but the rest of the week wasn't as sunny. Price action was tepid to start the week and on Wednesday bitcoin briefly fell to a March low. … It's a doubting Thomas market for the next buyer of bitcoin right now. Miner profitability Bitcoin's recent declines may not be entirely on macro and regulatory headwinds, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.

Persons: Bitcoin, Price, Gustavo Schwenkler, it's, bitcoin, Mark Connors, we've, Thomas, Jay Powell, Connors, Yuya Hasegawa, Hasegawa Organizations: BlackRock, SEC, Leavey School of Business, Santa Clara University, Federal, Coinbase

☆ Cryptocurrencies climb to end the week as investors digest BlackRock's bitcoin ETF plans
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

For the week, bitcoin is on track to end just below the flatline, while ether is heading for a 6% loss. Bitcoin was last higher by 4% at $26,419.53, according to CoinMetrics, while ether advanced 3% to $1,718.06. After the bell Thursday, BlackRock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian. It's been about 10 years since the first filing for a potential spot bitcoin ETF. The filing comes about a week after the SEC sued its crypto custody partner, Coinbase, for violating securities laws, leaving many questioning the timing of BlackRock's application.

Persons: bitcoin, litecoin, Bitcoin, Gustavo Schwenkler, It's, Mark Connors Organizations: Solana, U.S . Investors, U.S . Securities, Exchange Commission, BlackRock, Coinbase, Leavey School of Business, Santa Clara University, SEC Locations: U.S

☆ U.S. judge appears skeptical of Bankman-Fried's push to dismiss charges
▼ + stars: | 2023-06-15 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

U.S. District Judge Lewis Kaplan in Manhattan expressed his concerns at a hearing where Bankman-Fried's lawyers sought to dismiss at least 11 of 13 charges their client faces. He had asked Kaplan to dismiss six of the 13 charges because the Caribbean country did not consent, and five more because they rested on an invalid legal theory. The judge also said Bankman-Fried appeared to lack standing to invoke an extradition treaty between the two countries to get those charges - including bank fraud and bribing Chinese officials - dismissed. Prosecutors have said their charges did not rely on that theory because Bankman-Fried schemed to take his victims' money. Separately, Kaplan denied Bankman-Fried's request to force prosecutors to review some of FTX's files.

Persons: Sam Bankman, District Judge Lewis Kaplan, FTX, Kaplan, Fried, Mark Cohen, Marco Bello, Christian Everdell, Bankman, Abinaya, Luc Cohen, Jason Neely, Elaine Hardcastle, Jonathan Oatis Organizations: YORK, U.S, District, Alameda Research, REUTERS, Supreme, Prosecutors, Thomson Locations: U.S, Manhattan, Bahamas, Caribbean, United States, Alameda, Nassau, Bankman, Bengaluru, New York

☆ Mark Cuban: Here's what my younger self got right—and why so many people still get it wrong
▼ + stars: | 2023-06-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Don't seek out an investor, says billionaire entrepreneur Mark Cuban. Cuban — who is, notably, an investor on ABC's "Shark Tank" — launched his first tech company, a computer systems startup called MicroSolutions, using his own money. In 1994, Cuban and his friend Todd Wagner invested $10,000 in a small startup called Cameron Audio Networks. "What really gets me going is when people have an operating business where they've already gone for it. For unpredictable expenses, Moran recommended using your own funds.

Persons: you'll, Mark Cuban, Cuban, —, Todd Wagner, they've, I've, They've, Ryan Moran, Moran, Warren Buffett Organizations: Cuban, Cameron Audio Networks, Yahoo, LinkedIn, CNBC

London Metal Exchange (LME) three-month tin has been treading water in a $23,700-26,800 range since the start of May. Although the demand outlook remains subdued, tin supply is facing two big threats, one from Myanmar and one from Indonesia, the world's largest exporter. Global tin supply, meanwhile, is now improving after an early-year drop in Indonesia shipments. Refined tin production fell year-on-year in May and Guangxi China Tin Group, the world's sixth-largest tin producer, has just announced a 40-50 day maintenance break from the end of this month, according to the ITA. Indonesia currently only has enough downstream capacity to absorb 5% of its domestic tin production, meaning that any restrictions will likely come in phases.

Persons: Minsur, International Tin Association . Tin, It's, David Evans Organizations: London Metal Exchange, Global, Shanghai Futures Exchange, U.S, Global Semiconductor, HIT, World Semiconductor Trade Statistics, Local, United Wa State Army, International Tin Association ., ITA, Guangxi China Tin Group, Thomson, Reuters Locations: Midwest, London, imploding, Myanmar, Indonesia, Peruvian, United States, Europe MYANMAR, Wa, China, Wa State, Guangxi China, INDONESIA

☆ Feds pave the way for cities and nonprofits to get climate-bill tax credits
▼ + stars: | 2023-06-14 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

"For the first time, tax-exempt entities will be able to receive a payment equal to the full value of the tax credit for building qualifying clean energy projects," Podesta said. "That's a game-changer for our ability to spread the benefits of clean energy to every community in America." "The Inflation Reduction Act's biggest tools are tax credits, which provide an unprecedent 10 years of policy certainty for the clean energy sector," Podesta said. Conventionally, states, territories, tribes, local governments and nonprofits have not been not eligible for tax credits, because they do not derive profits from which to deduct the value of a tax credit. Taken together, the two bits of guidance stand to grease the flywheel of climate tech investment already being spurred by the Inflation Reduction Act.

Persons: Podesta, John Podesta, Joe Biden, what's, Wally Adeyemo, Adeyemo, Michelle Moore, Moore Organizations: US Department of Energy, U.S . Department of, Treasury, Internal Revenue Service, Biden, Washington DC, White, IRS, of, Washington , D.C Locations: Medicine Bow , Wyoming, America, Washington, USA, Washington ,, U.S, Baltimore, of Refuge, , Maryland , Illinois, Georgia, New York

☆ Russian military leaders can't seem to get Wagner and its boss, Prigozhin, to fall in line, and it's a mess that goes beyond dysfunction
▼ + stars: | 2023-06-13 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +8 min

The Wagner Group is a wild card that has won victories in Ukraine but also created headaches for Russia's military command. The situation is increasingly messy, as Wagner and its founder and financier have repeatedly exacerbated the growing rift between the regular Russian military and the mercenary force. Its leader also appears to make battlefield decisions independently of the defense ministry. He said that Wagner's uneasy relationship with the Russian military has evolved from being awkward to being dysfunctional to what it is now, which is counterproductive. Prigozhin said recently that "Wagner will not sign any contracts with Shoigu," referring to the Russian defense minister.

Persons: Wagner, that's, —, Yevgeny Prigozhin, Prigozhin, Mark Cancian, they're, Russia's Wagner, Stepanenko, ISW, Valery Gerasimov, Sergey Surovikin, milblogger, Cancian Organizations: Service, Ukraine, Wagner Group, Russian, International Security, Center for Strategic, International Studies, Concord Press Service, REUTERS, Institute for, Press, Russian Ministry of Defense, Shoigu Locations: Ukraine, Paraskoviivka, Russian, Russia, Ukrainian, Concord, Bakhmut

☆ A Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion
▼ + stars: | 2023-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNTAn animated avatar generated by the AI video platform Synthesia. To do that, Synthesia has created animated avatars which look and sound like humans, but are generated by AI. Synthesia is a form of generative AI, similar to OpenAI's ChatGPT. The company doesn't disclose its sales or revenue metrics, though it says it "consistently driven triple digit growth," with over 12 million videos produced on the platform to date. Synthesia plans to ramp up investment into its technology, with a particular focus on advancing its AI research and making Synthesia avatars capable of performing more tasks.

Persons: Synthesia, Slack, Kleiner Perkins, Morgan Stanley, Victor Riparbelli, Matthias Niessner, Steffen Tjerrild, Lourdes Agapito, Philippe Botteri, Riparbelli, Nvidia isn't, it's, They're, Felix Capital, Atomico, they're, David Beckham, Beckham Organizations: Nvidia, CNBC, Accel, Facebook, Spotify, GV, FirstMark, MMC, YouTube, Netflix, Business, Iconiq, Felix, Meritech Locations: London, A.I

☆ Mark Cuban says this is the No. 1 piece of advice he wishes he'd received in his 30s
▼ + stars: | 2023-06-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

"I wish somebody would have told me to be nicer," said Cuban, 64, when asked what advice he'd give his younger self. Cuban and his business partner Todd Wagner joined AudioNet, an audio streaming company, as co-founders in 1995 — alongside its original founder, Chris Jaeb. The company was later renamed Broadcast.com, and acquired by Yahoo for $5.7 billion in stock in 1999, making Cuban rich. For example, Lyft co-founders John Zimmer and Logan Green built their company using a "nice guy strategy," Zimmer told the Financial Times in 2017. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

Persons: Mark Cuban didn't, he'd, Let's, Todd Wagner, AudioNet, Chris Jaeb, Todd, —, hadn't, Gartner, Caitlin Duffy, Duffy, Lyft, John Zimmer, Logan Green, Zimmer, Green, Mark Cuban, Warren Buffett Organizations: Yahoo, Gallup, CNBC, Employees, Financial Times Locations: Cuban

☆ Mark Cuban says healthcare has to have more of a 'Netflix model'
▼ + stars: | 2023-06-13 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +3 min

Mark Cuban recently appeared on the a16z podcast "Bio Eats World" to talk about healthcare. Cuban believes healthcare systems need to adopt more of a "Netflix model" to "truly work." Mark Cuban has been disrupting healthcare with his low-cost online pharmacy, but there are other areas of the industry that can be improved upon too, he believes. Cuban believes that this model, in some ways, can also be applied to a local hospital or healthcare system. "If we're going to change healthcare," Cuban said.

Persons: Mark Cuban, Vijay Pande, Andreessen Organizations: Netflix, Dallas Mavericks, Cuban, Plus Locations: Cuban

☆ Indivior CEO Mark Crossley on company mission: We help people suffering from addiction
▼ + stars: | 2023-06-12 | 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 EmailIndivior CEO Mark Crossley on company mission: We help people suffering from addictionIndivior CEO Mark Crossley joins 'Squawk Box' to discuss the company's mission, demand for substance abuse treatment, the opioid epidemic, and more.

Persons: Mark Crossley

☆ MLB roundup: Cubs' Kyle Hendricks takes no-hitter into 8th in win
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +12 min

Nathan Eovaldi (9-2) earned the win despite allowing four runs on seven hits and three walks in 6 1/3 innings. Reds 8, Cardinals 4Rookie Andrew Abbott blanked St. Louis for 5 2/3 innings as visiting Cincinnati rolled to a victory. The 24-year-old has permitted two runs on 12 hits with 23 strikeouts in 23 innings. Aaron Nola (5-5) was charged with six runs on seven hits in 6 1/3 innings to take the loss for Philadelphia. J.P. France (2-1) allowed three runs on seven hits over 6 2/3 innings.

Persons: Kyle Hendricks, Mitch Haniger, Darren Yamashita, Christopher Morel, Hendricks, Michael Conforto, Matt Mervis, Jakob Junis, Mervis, Morel, John Brebbia, Ozuna, Ronald Acuna Jr, Travis d'Arnaud, Kevin Pillar's, Acuna, MacKenzie Gore, Jared Shuster, A.J, Minter, Stone Garrett, Corey Seager, Seager, Nathan Eovaldi, Francisco Mejia, Taj Bradley, Lourdes Gurriel Jr, Gurriel, Nick Ahmed, Ryne Nelson, Matthew Boyd, Kerry Carpenter, Miguel Cabrera, Andrew Abbott, St, Louis, Abbott, Luke Maile, Spencer Steer, Miles Mikolas, Dylan Carlson, Nolan Arenado, Carlos Correa, Max Kepler, Trevor Larnach, Joe Ryan, Jorge Lopez, Adam Cimber, Vladimir Guerrero Jr, Whit Merrifield, Santiago Espinal, Nathan Lukes, Martinez, Bobby Miller, Mookie Betts, James Outman, Freddie Freeman, Miller, Aaron Nola, Manny Machado, Fernando Tatis Jr, Drew Carlton, Josh Hader, Nolan Jones, Ezequiel Tovar, Jake Bird, Kyle Freeland, Xander Bogaerts, Tatis, Mark Canha, Francisco Alvarez, Brandon Nimmo, Kodai, Ji Hwan Bae, Johan Oviedo, Cole Irvin, Anthony Santander, Gunnar Henderson, Adam Frazier, Brady Singer, Edward Olivares, Aledmys Diaz, Diaz, Tony Kemp, Joel Payamps, Oakland, Sam Long, Victor Caratini, Oakland's Paul Blackburn, Milwaukee's Julio, Jose Abreu, Houston, Bryan Abreu, Ryan Pressly, Cleveland, Josh Naylor, Triston McKenzie, Jean Segura, Joe Kelly, Puk, Yoan, Steven Okert, Jorge Soler, Luis Arraez, Arraez, Andrew Vaughn, J.P . Crawford, Eugenio Suarez, Julio Rodriguez, AJ Pollock, Bryan Woo, Shohei Ohtani, Patrick Sandoval Organizations: Chicago Cubs, San Francisco Giants, Oracle, Cubs, Giants, Braves, Atlanta, Nationals, Rangers, Rays, Tampa, The Rangers, Diamondbacks, Tigers, Arizona, Detroit, Reds, Cardinals, Cincinnati, Blue Jays, Minnesota, Toronto, Twins, Dodgers, Phillies, Philadelphia, Padres, San Diego, Colorado, Rockies, Mets, Pirates, New York, Pittsburgh, Orioles, Royals, Baltimore, Kansas City, Irvin, Athletics, Brewers, Oakland, Milwaukee, Blackburn, Astros, Cleveland, Marlins, White Sox, Chicago, The Marlins, Miami, Mariners, Angels, Seattle, Four Mariners, The Mariners, Thomson Locations: San Francisco , California, USA, Washington, Texas, St . Petersburg, Fla, Eovaldi, Tampa Bay, St, Minnesota, Los Angeles, Denver, San Diego, New, York, Kansas, Milwaukee, Milwaukee's Julio Teheran, Teheran, J.P, France, Miami, Anaheim , Calif, Angeles

☆ Why Do Team Owners Raise the Championship Trophy First?
▼ + stars: | 2023-06-10 | by ( Andrew Keh | ) www.nytimes.com time to read: +1 min

“I wanted that moment to belong to the players,” Cuban said. “And as it turned out, Dirk holding the trophy over his head has been iconic. “I don’t think it’s as joyful a moment as it could be for the players,” said Julian Gressel, a midfielder for the U.S. men’s soccer team. He had to wait for Arthur Blank, the co-founder of Home Depot, to raise the M.L.S. trophy (Blank even got his own confetti cannon shower) when Atlanta United won the title in 2018.

Persons: Mark Cuban, Cuban, Dirk Nowitzki, “, ”, Dirk, Julian Gressel, Arthur Blank, Gressel Organizations: Dallas Mavericks, U.S, Home, Atlanta United, Vancouver Whitecaps Locations: Germany, M.L.S

☆ Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
▼ + stars: | 2023-06-09 | by ( Karin Strohecker | ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox policymaking. Appointed on Friday, the 43-year old is the first woman at the helm of the country's central bank, taking over from Sahap Kavcioglu, who spearheaded President Tayyip Erdogan's rate-cutting drive against a backdrop of soaring inflation. Her new role makes her one of only around a dozen women currently serving as central bank governors around the world, including the likes of ECB President Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina and Serbia's Jorgovanka Tabakovic. Having spent all of her professional life outside Turkey, Erkan has no formal central banking experience, making her leanings for monetary policy unclear. Kathryn Wylde, president and CEO of Partnership for New York City, a nonprofit organization where Erkan once served as a board director, says Erkan was seen as "tough, smart, and effective."

Persons: Hafize Gaye Erkan, Sahap Kavcioglu, Tayyip Erdogan's, Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina, Erkan, Goldman Sachs, Mark Carney, Mario Draghi, William Dudley, Goldman, Marsh McLennan, Kathryn Wylde, Wylde, Karin Strohecker, Jonathan Spicer, Hugh Lawson Organizations: Russian Central Bank Governor, Bogazici University, Harvard Business School's, Management, Research, Financial Engineering, Princeton University, Bank of Canada, Bank of England, New York Fed, First Republic Bank, Banking, Finance, New, Thomson Locations: Sahap, Istanbul, Turkey, New York City

☆ Mark Cuban slams the SEC and says the Coinbase suit shows why no one trusts them
▼ + stars: | 2023-06-08 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Mark Cuban slammed the SEC's decision to sue Coinbase this week. The famed investor said the regulator could have helped the exchange comply instead of sue. The SEC this week sued Coinbase and Binance for allegedly operating illegally in the US. "They don't want to help companies get to compliance they want to challenge them to get to compliance," Cuban wrote. On Tuesday, the SEC unveiled its lawsuit against Coinbase, a day after it sued Binance and its CEO, Changpeng Zhao.

Persons: Mark Cuban, Coinbase, —, doesn't, SEC didn't, Binance, Changpeng Zhao, Gary Gensler Organizations: SEC, Service, Securities, Exchange, Twitter, Coinbase Locations: Cuban

June 7 (Reuters) - Campbell Soup (CPB.N) shares dropped as much as 9% on Wednesday, after the company disappointed investors by maintaining its full-year forecasts for sales and profit despite beating quarterly earnings. The move helped Campbell Soup post a 5% rise in quarterly sales, although its margins slipped to 30% from 31.2%. Campbell expects annual net sales to grow between 8.5% and 10%, compared with analysts' estimates for a rise of 9.5%, according to Refinitiv IBES data. It forecast adjusted profit of $2.95 to $3 per share, versus estimates of $3.01. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Campbell, Kraft Heinz, Arun Sundaram, Sundaram, Mark Clouse, Ananya Mariam Rajesh, Devika Syamnath, Anil D'Silva Organizations: Kellogg, Investors, Thomson Locations: Russia, Ukraine, Bengaluru

☆ Dollar eases as chances for a U.S. rate rise ebb
▼ + stars: | 2023-06-07 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

LONDON, June 7 (Reuters) - The dollar dipped on Wednesday as chances faded for a rate hike next week by the Federal Reserve, while the Canadian dollar touched one-month highs as traders amped up bets for the country to raise rates and the Turkish lira hit record lows. "Over the last month or so, we've seen the market slowly pricing out the risks of a 2023 interest rate cut. Nonetheless, traders were attaching a higher chance that the BoC would raise Canadian interest rates again later on Wednesday. Against the dollar, sterling rose 0.3% to $1.2456, while the Japanese yen rose 0.2% to 139.40 and the euro rose 0.2% to $1.0718. Elsewhere, the Turkish lira slid as much as 7.6% to a record low of 23.16 per U.S. dollar.

Persons: Philip Lowe, Jane Foley, we've, Foley, Siong Sim, bitcoin, Coinbase, Binance, Zhao, Binance's, Rae Wee, Clarence Fernandez, William Maclean Organizations: Federal Reserve, Australian, Reserve Bank, U.S ., Rabobank, BoC, U.S, Canadian, Fed, Bank of Singapore, U.S . Securities, Exchange Commission, SEC, Thomson Locations: U.S, CHINA, China, Turkish, Singapore

☆ Campbell Soup CEO Mark Clouse goes one-on-one with Jim Cramer
▼ + stars: | 2023-06-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Campbell Soup CEO Mark Clouse goes one-on-one with Jim CramerCampbell Soup Company President and CEO Mark Clouse joins 'Mad Money' host Jim Cramer to discuss resilience while facing economic headwinds, retailer inventory rebuild, and more.

Persons: Campbell, Mark Clouse, Jim Cramer Campbell, Jim Cramer Organizations: Jim Cramer Campbell Soup Company

☆ Despite a mixed earnings report, Campbell Soup CEO is confident condensed products can turn a profit
▼ + stars: | 2023-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CEO of Campbell Soup Mark Clouse told CNBC's Jim Cramer on Wednesday that despite his company's mixed earnings report, he is confident that Campbell's condensed products — especially the brand's staples like chicken noodle and tomato — are timelessly profitable. Clouse said Campbell's soup sales have been better than before the pandemic, especially among millennial clientele, many of whom are getting older and starting families. Even as more people start to dine outside the home post-Covid regulations, Clouse said demand for condensed canned soup remains strong. But he added that even Campbell's leadership had questioned the relevancy of condensed soup for younger consumers. Alongside its namesake soup products, Campbell also owns several well-known food and snack lines, including Pepperidge Farm, Snyder's of Hanover, Lance, V8 and Prego.

Persons: Campbell, Mark Clouse, CNBC's Jim Cramer, Clouse Locations: Snyder's, Hanover, Lance

The stock market is breaking out, and some individual names are on the verge of doing so, too. Given this backdrop, CNBC Pro screened the S & P 500 for stocks that are that have 50-day moving averages about to break above their respective 200-day averages. The stock broke above its 200-day moving average last month, and now its 50-day average is on the verge of doing the same. At the time this screen was run, Sherwin-Williams' 50-day moving average sat at $228.78 compared to its $229.66 200-day moving average. The stock is up about 20% this year, and analysts on average see it going up another 18% over the next 12 months.

Persons: Akamai, Sherwin, Williams Organizations: CNBC Pro, FactSet

☆ Strict polling requirements from the RNC wiped out most of the GOP primary field before they could even declare
▼ + stars: | 2023-06-07 | by ( Walt Hickey | ) www.businessinsider.com time to read: +6 min

The RNC set a number of benchmarks a campaign needs to hit to make the August 23 debate. Candidates must poll at 1% or higher in three polls with over 800 likely Republican voters. Not many polls have over 800 likely Republican voters, so that'll be harder to hit than some expect. That's a high bar for some campaigns in the increasingly busy bottom of the race, but that's not even the number that's going to screw them. Chris Christie, Donald Trump, Mike Pence, and Doug Burgum will all in the GOP primary by the end of the week.

Persons: —, That's, that's, Gallup, Chris Christie, Donald Trump, Mike Pence, Doug Burgum, Wade Vandervort, Andrew Caballero, Getty, Scott Olson, Stephen Yang, Nate Cohn, FiveThirtyEight's Nathaniel Rakich, Geoffrey Skelley, Nikki Haley, South, Tim Scott, Sen, Jim DeMint, Ehrhardt, Trump, DeSantis, Vivek Ramaswamy — Organizations: RNC, Republican, Service, Republican National Committee, Republicans, Morning, New York Times, GOP, South Carolina, AP, North Dakota Gov Locations: Iowa, New Hampshire , Nevada, South Carolina, FiveThirtyEight, Columbia

☆ Campbell's still seeing growth from canned-soup business, says CEO Mark Clouse
▼ + stars: | 2023-06-07 | by ( Jim Cramer | ) 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 EmailCampbell's still seeing growth from canned-soup business, says CEO Mark ClouseCampbell Soup Company President and CEO Mark Clouse joins 'Mad Money' host Jim Cramer to discuss resilience while facing economic headwinds, retailer inventory rebuild, and more.

Persons: Mark Clouse Campbell, Mark Clouse, Jim Cramer Organizations: Mark Clouse Campbell Soup Company

☆ Even Mark Cuban Can’t Fix This Broken Drug System
▼ + stars: | 2023-06-05 | by ( David Wainer | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/even-mark-cuban-cant-fix-this-broken-drug-system-de914adc

Persons: Dow Jones

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