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☆ Wingstop says its UK target market is Gen Zers who like boxing and 'Love Island.' Here's how the chicken brand is using TikTok, rappers, and customization to pull in younger diners.
▼ + stars: | 2023-07-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Wingstop UK is using TikTok, social-media influencers, and rappers to attract Gen Z diners. Wingstop UK has collaborated with brands including including Xbox, Gymshark, and Tinder. Grogan said that Wingstop UK did engage in some paid partnerships, but focused on "curating authentic experiences." Lemon Pepper opened the first Wingstop UK restaurant near London's bustling Leicester Square in 2018. Lemon Pepper HoldingsIn 2022, the chain sold more than 17.5 million wings, Lemon Pepper says.

Persons: It's, –, Zers, Tom Grogan, cofounders, Lemon Pepper, TikTok, Yung, Michael Dapaah, Lady Leisha, M, Cat Burns, Grogan, Wingstop, – Grogan, Herman Sahota, Saul Lewin –, Rick Ross, Saul Lewin, Lemon, We're, Gen, it's Organizations: Wingstop, Service, Wingstop's, Sports, Lemon Pepper Holdings, Xbox, JD Sports, Yung Filly, YouTube, KFC, Leicester Square, Hickory, Wings, Lemon Pepper, Sunday Times Locations: Wall, Silicon, Covent, Leicester, Manchester, Liverpool, Glasgow

☆ Wall St Week Ahead Investors brace for earnings from ‘Magnificent Seven’ US growth giants
▼ + stars: | 2023-07-14 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

[1/5] Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. In the S&P 500, the seven stocks comprise 27.9% of the index's weight. Investors will look beyond second quarter results, said Bill Callahan, an investment strategist at Schroders. The Elon Musk-led company this month said it delivered a record number of vehicles in the second quarter. The equal-weight S&P 500 (.SPXEW), a proxy for the average stock, is modestly beating the S&P 500 over the past month -- up 3.6% versus about 3% for its counterpart.

Persons: Joshua Roberts, BofA, Bill Callahan, “ It’s, ”, Tajinder Dhillon, Tesla, Elon, Thomas Martin, Martin, Yu Ma, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: Apple Inc, REUTERS, Apple, Microsoft, Nvidia, BofA, Research, Meta, Globalt Investments, Strong U.S, BMO Wealth Management, Thomson Locations: Washington , U.S, U.S, ”

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

Wall Street's main stock indexes built on Wednesday's sharp gains after data showed that consumer prices rose modestly in June, registering the smallest annual increase in more than two years. Other data on Thursday showed that U.S. producer prices barely rose in June, U.S. jobless claims unexpectedly declined, and Chinese exports dropped. The dollar index slumped to its lowest level since April 2022 on Thursday, as the cooling U.S. inflation bolstered expectations the Fed will rates only once more in 2023, eroding the greenback's yield advantage over peers. The euro was up 0.86% to $1.122, and the Japanese yen strengthened 0.37% versus the greenback at 137.99 per dollar. Oil prices traded near the highest levels in two months on the soft U.S. dollar.

Persons: Yung, Yu Ma, Ma, Brent, Lawrence Delevingne, Huw Jones, Stella Qiu, Chizu Nomiyama, Andrew Heavens, Leslie Adler, Diane Craft Organizations: Treasury, Federal, Dow Jones, Nasdaq, Federal Reserve, Fed, Citigroup, Japan's Nikkei, Monetary Fund, BMO Wealth Management’s, Thomson Locations: Asia, Europe, CHINA, China, Pacific, Japan, Boston, London, Sydney

☆ Fed ratcheting up rate hikes is market's biggest risk right now, says BMO's Yung-Yu Ma
▼ + stars: | 2023-07-10 | 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 EmailFed ratcheting up rate hikes is market's biggest risk right now, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management CIO, joins 'Squawk on the Street' to discuss the land mines ahead for the economy in the second half of the year, what we've learned about the credit situation in the economy, and more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma, we've Organizations: BMO Wealth Management

☆ South Korea's Yoon tells unification ministry to be less soft on North
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

SEOUL, July 2 (Reuters) - Having appointed a new unification minister days earlier, South Korean President Yoon Suk Yeol said on Sunday that the ministry had focused too much on providing aid for North Korea in the past and needed to change. "The Unification Ministry has been acting like the ministry of North Korea aid and it is wrong," Yoon was quoted as telling staff in a statement issued by his press secretary. "It's time for the unification ministry to change." Yoon also urged the ministry to stand up for liberal democratic values and said unification should bring a "better and more human life" to people in the South and North. In 2019, Kim wrote in an online column that the path to unification would open once North Korean leader Kim Jong Un's "regime is overthrown and North Korea is liberated."

Persons: Yoon Suk Yeol, Kim Yung, Yoon, Kim, Kim Jong, Hyunsu Yim, Simon Cameron, Moore Organizations: Thomson Locations: SEOUL, North Korea, Korea, South, Korean

☆ North Korea: "No intention to examine" Hyundai Group chief's bid to visit
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

SEOUL, July 1 (Reuters) - North Korea has no intention to "examine" South Korea's Hyundai Group chief's plan to visit the North's Mount Kumgang, the country's foreign ministry said in a statement on Saturday. Hyundai Group Chairwoman Hyun Jeong-eun has been seeking to visit North Korea in August and submitted applications to South Korea's unification ministry, Yonhap news agency reported on Friday, citing an unnamed official at the ministry. Hyundai's late founder, Chung Ju-Yung, was born in North Korea. Mount Kumgang is on North Korea’s east coast near the demilitarised zone separating the two countries. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers.

Persons: Kumgang, Hyun Jeong, Chung, Yung, Yoon Suk, Heekyong Yang, Sandra Maler, William Mallard Organizations: Korea's Hyundai, Hyundai, DPRK, Thomson Locations: SEOUL, North Korea, Korea, North Korea’s, Kaesong, Pyongyang

REUTERS/Kim Hong-Ji/File PhotoSEOUL, June 29 (Reuters) - South Korean President Yoon Suk Yeol on Thursday picked a conservative scholar and an outspoken critic of North Korea's human rights record as the country's new unification minister handling relations with Pyongyang in a cabinet reshuffle. Kim, 63, served as a presidential secretary for unification and a human rights envoy under the conservative Lee Myung-bak and Park Geun-hye administrations. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers. Kim is the right person to pursue a "principle-based" and consistent North Korea policy, said Yoon's chief of staff, Kim Dae-ki. The unification ministry's role ranges from cross-border dialogue and exchanges to studying human rights abuses in North Korea and helping defectors resettle in the South.

Persons: Kim Hong, Yoon Suk, Kim Yung, Yoon, Kim, Lee Myung, Kim Jong, Kim Dae, Jang Mi, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South, REUTERS, Sungshin Women's University, North, Thomson Locations: Korean, South Korean, Paju, South Korea, SEOUL, Pyongyang, North Korea, North Korean, Korea, United States

☆ Stock futures are flat on Thursday evening as Wall Street heads for losing week: Live updates
▼ + stars: | 2023-06-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading Thursday as Wall Street headed for a losing week. Futures tied to the S&P 500 inched up by 0.05%, while Nasdaq-100 futures gained about 0.1%. The S&P 500 added 0.37%, while the Dow Jones Industrial Average lost 4.81 points, pressured by shares of Boeing . The Dow and S&P 500 have lost 1% and 0.6%, respectively, since the start of the week. A relatively light week for economic data continues Friday with S&P Global PMI composite data for June.

Persons: Yung, Yu Ma Organizations: NYSE, Stock, Nasdaq, Dow Jones, Investors, Apple, Dow Jones Industrial, Boeing, Dow, BMO Wealth Management, P, PMI Locations: CarMax

☆ Why the Fed paused its rate hikes: It’s tired of playing a giant guessing game
▼ + stars: | 2023-06-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Following the policy announcement, Fed Chair Jerome Powell noted that rate hikes typically filter through the economy with “uncertain lags.” In other words, the Fed has been playing an (educated) guessing game, taking action before it understands the results. What’s happening: As much as Federal Reserve officials wish they could, they can’t just wave a wand and lower inflation rates. Here’s how the system works: First, the Fed raises interest rates for overnight loans between financial institutions. Less demand for goods reduces incentives to raise prices and inflation rates will fall. That means they’re able to draw their own conclusions about the trajectory of inflation rates.

Persons: Jerome Powell, ”, Jack McIntyre, McIntyre, ” Powell, Powell, Yung, Yu Ma, Ma, Biden, Joe Biden, Sam Fossum, you’re, ” Biden, Lael Brainard, Greg Wallace, Sen, John Thune of, Republican Sen, Jerry Moran Organizations: New, New York CNN, Federal Reserve, Brandywine Global, BMO Wealth Management, Ticketmaster, “, Economic, Federal Aviation Administration, FAA, Republican Locations: New York, “, John Thune of South Dakota, Kansas

☆ Stock futures are little changed after the S&P 500’s best week since March
▼ + stars: | 2023-06-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

U.S. equity futures were little changed Sunday evening after a broad-based rally last week that pushed the S&P 500 to its best week since March, and its highest level since last August. S&P 500 futures were higher by 0.09% and Nasdaq-100 futures hovered below the flat line. On Friday, stocks rallied to end the week following strong jobs data for the month of May. The Dow jumped 701.19 points, or 2.12%, for its best day since January, ending the week at 33,762.76. "Recent banking sector developments are also encouraging, and repeated signs of labor market strength are reducing the risk negative outcomes.

Persons: Dow, Joe Biden, Dow Jones, Mace McCain, Yung, Yu Ma, Smucker, Campbell Soup Organizations: Dow Jones, Nasdaq, U.S ., Labor Department . Public, Frost Investment Advisors, BMO, CNBC, Investors, Natural Foods, Signet Jewelers, PMI, Institute for Supply Management, Global, Mortgage, Association

☆ Fed Chair Powell's commentary had heavy emphasis on price stability, says BMO's Yung-Yu Ma
▼ + stars: | 2023-05-19 | 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 EmailFed Chair Powell's commentary had heavy emphasis on price stability, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management chief investment strategist, joins 'Squawk on the Street' to discuss Ma's takeaway from Fed chair Powell's recent commentary, how investors should operate this coming June and July, and whether or not the market's leaning too much on artificial intelligence.

☆ Stock futures rise slightly on Thursday evening: Live updates
▼ + stars: | 2023-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures moved higher in overnight trading Thursday as Wall Street continued monitoring the situation surrounding the debt ceiling. Futures connected to the Dow Jones Industrial Average added 40 points, or 0.1%, while S&P 500 and Nasdaq-100 futures gained 0.2% and 0.3%, respectively. Shares of Ross Stores oscillated in overnight trading after the off-price retailer beat on earnings but shared a cautious outlook. Stocks are coming off a positive session in which the S&P 500 and Nasdaq Composite jumped 0.94% and 1.51%, respectively, to hit their highest closing levels since August. Thursday's moves boosted the major averages' weekly gains, with the Nasdaq up 3.3% and the S&P 500 on pace to end 1.8% higher.

☆ Crypto trading could take a breather after ‘Shanghai’ rally, as investors refocus on banks and economy
▼ + stars: | 2023-04-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

While ether climbed throughout the week, bitcoin – the outperformer this year – was trading more choppily. Or will it be an event where people are losing money broadly and economic concerns spill over into the crypto space." "I think it could go either way, but so far what we see in the crypto space is encouraging," he added. "Investors could continue to be picky and look for perceived quality, even in the crypto space," she said. "That's helped bitcoin this year since it's seen as a risk asset outside of crypto, but a store of value within crypto.

☆ Stock futures rise slightly ahead of key inflation data and the kickoff of earnings season: Live updates
▼ + stars: | 2023-04-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S equity futures rose slightly Sunday evening as investors looked ahead to key inflation data and the start of first-quarter earnings season. Futures tied to the broad market S&P 500 rose 0.2% and Dow Jones Industrial Average futures edged up 62 points, or 0.2%. The market was volatile as economic data showed signs of a weakening labor market. The March jobs report on Friday showed a resilient economy and moderate inflation, however, which pushed stock futures and Treasury yields higher. "It's still probably a toss-up as to whether the Fed hikes by another 25 basis points at its next meeting and stands pat; the next set of inflation data will probably be the deciding factor."

☆ Hi-res art scans from Taiwan's National Palace Museum leak online -- and turn up for sale on Chinese online shopping platform
▼ + stars: | 2023-03-15 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

The National Palace Museum in Taipei said Tuesday it had reached out to Taobao, a shopping website popular in mainland China, to prevent the images from spreading. “We are looking into it and have hired lawyers to raise to Taobao about the intellectual properties and damages involved,” said deputy museum director Huang Yung-tai. In its statement, the National Palace Museum said they first identified the leak in June last year and it launched an investigation into the matter two months later. The National Palace Museum’s collection is a major bone of contention between Taiwan and China. Much of its vast collection of artifacts were once housed at the Palace Museum in Beijing’s Forbidden City – treasures that have already survived two wars.

☆ Silvergate and Silicon Valley Bank show the risks of banks concentrating in one area
▼ + stars: | 2023-03-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Crypto-focused Silvergate , which announced its plans to liquidate this week, is suffering from woes similar to that of failed Silicon Valley Bank . That is, Silvergate's distress is linked to rising interest rates – rather than the whims of digital assets. There is also an impact from the rising interest rate environment banks now find themselves in. "As the bank of choice for crypto, Silvergate Bank's failure is disappointing, but predictable," she tweeted Wednesday afternoon . Now, customers must be made whole [and] regulators should step up against crypto risk."

☆ Wall Street pros name the biggest risk to stock markets — and how to trade it
▼ + stars: | 2023-03-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.

☆ Analysis: Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
▼ + stars: | 2023-02-08 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) rose 1.3% along with a 6 basis points rise in the 10-year U.S. benchmark Treasury yield . yields vs stocksHigher bond yields dull the relative appeal of stocks while raising companies’ borrowing costs. Higher Treasury yields can also weaken the valuations of equities in standard valuation models, particularly for tech and other companies that rely on future profits that are discounted at higher rates when yields rise. Meanwhile, some investors are not yet worried about the threat to stocks from yields. Jacobsen is bullish on growth stocks, which were squashed by higher yields last year but have staged a strong rebound in 2023.

☆ After the Fed’s latest move, how come you’re still not getting a higher rate on your bank savings?
▼ + stars: | 2023-02-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +10 min

So how come you’re not getting a higher rate on your bank savings? Another high-yield savings optionGiven today’s still-high rates of inflation, Series I savings bonds may be attractive because they’re designed to preserve the buying power of your money. For the week ending January 26, the 30-year fixed rate mortgage averaged 6.13%, well above where it was a year earlier, at 3.55%. So, if you’re close to buying a home or refinancing one, lock in the lowest fixed rate available to you. The variable rate on a home equity line of credit or a fixed rate on a home equity loan will rise because their formulas are directly tied to the Fed’s rates.

☆ Yung-Yu breaks down how to navigate rate hikes
▼ + stars: | 2023-02-01 | 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 EmailYung-Yu breaks down how to navigate rate hikesYung-Yu Ma, BMO Wealth Management chief investment strategist, joins 'TechCheck'' to discuss the Fed ahead of the rate hike announcement Wednesday.

Jan 27 (Reuters) - Rick Astley has sued the rapper Yung Gravy over a song that borrowed heavily from the British singer's signature "Never Gonna Give You Up," claiming that the new song illegally used an impersonator who imitated Astley's distinctive baritone. "In an effort to capitalize off of the immense popularity and goodwill of Mr. Astley, defendants ... conspired to include a deliberate and nearly indistinguishable imitation of Mr. Astley's voice," the complaint said. Among the defendants are Yung Gravy, whose real name is Matthew Hauri, and his record label, Universal Music Group's (UMG.AS) Republic Records. Universal and a representative for Yung Gravy did not immediately respond to requests for comment. The song saw resurgent popularity about two decades later through the "Rickroll" internet meme, where it unexpectedly interrupts unrelated content.

☆ Expectations for the Fed to downsize future rate hikes soar after CPI shows inflation cooled in December
▼ + stars: | 2023-01-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Investors on Thursday were pricing in a more than 90% chance the Fed will reduce the size of its interest rate hike in February. The more bullish view on a potential downshift was sparked by cooler prices in the December inflation report. But there are 'lingering pressures' within core inflation for the Fed to consider. Investors also chopped down expectations for a March 22 rate hike of 50 basis points, to 5.4% from 18.6%. Core CPI that excludes energy and food prices rose 0.3%, meeting expectations but it was slightly higher than 0.2% in November.

☆ The crypto investing outlook for 2023 after a 60% decline in bitcoin this year
▼ + stars: | 2022-12-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

The other was the riskiest of risk assets, whose moves mirrored those of tech stocks. It won't happen overnight, but investors more than ever want to see a crypto market driven by utility rather than speculation . Barclays analyst Benjamin Budish said his team believes "crypto assets are likely to continue to behave like high-beta risk assets going forward." Investing in the next two quarters Bitcoin has fallen more than 60% this year and sits roughly 75% off of its all-time high from November 2021. When there's a pullback in that growth, as there was this year, bitcoin tends to struggle, Alden explained.

☆ Watch CNBC's full interview with Yung-Yu Ma, BMO chief investment strategist
▼ + stars: | 2022-12-16 | 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 Yung-Yu Ma, BMO chief investment strategistYung-Yu Ma, BMO chief investment strategist, joins 'TechCheck' to discuss slowing growth despite a strong labor market, areas of opportunity in the tech sector as adjustments in inventory and growth continue and the prevalence of subscription models in enterprise software.

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