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☆ Logistics Giant Kuehne + Nagel Seeks Expansion
▼ + stars: | 2023-03-07 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

Kuehne + Nagel CEO Stefan Paul. Photo: Kuehne + NagelAs a forwarder, Kuehne + Nagel helps companies move freight around the world by ocean, air and land and is a dominant player in the automotive, industrial, retail, aerospace, healthcare and high-tech industries. What do you see as potential growth areas for Kuehne + Nagel in the contract logistics space? Does that make it easier for a company like Kuehne + Nagel to jump in? How would that affect Kuehne + Nagel?

☆ The battle for Bakhmut is getting so close that 'fistfights have been happening,' Ukrainian soldier says
▼ + stars: | 2023-03-07 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +3 min

A Ukrainian soldier told the Washington Post the fighting in Bakhmut is brutal and at close quarters. The soldier said there have even been fistfights as they fight off waves of Russian mercenaries. Bakhmut is widely expected to fall to Russian forces soon, but it will be a hollow victory. In some cases, Ukrainian troops have searched house-to-house for the enemy and been forced to engage in hand-to-hand combat, Dmytro Vatagin, a 48-year-old Ukrainian soldier, told the Washington Post. "This fight doesn't play to Ukraine's advantages as a force," Kofman said, warning that if Ukrainian forces continue to expend resources on Bakhmut "it could impede the success of a more important operation."

☆ Ted Cruz keeps dodging on whether he agrees with his former podcast co-host's call to eradicate 'transgenderism'
▼ + stars: | 2023-03-07 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Conservative personality Michael Knowles called for the eradication of "transgenderism" in a CPAC speech. "I think the extreme left's ideology has been very harmful," Cruz initially told Insider on Tuesday before boarding an elevator in the Capitol building. "I get that you have a story you want to write," Cruz told Insider. "The press is being silly and deliberately taking him out of context," Cruz told Insider when first asked about the issue on Tuesday. But even so, Knowles' comments go well beyond what most Republican lawmakers have articulated.

Circuit Court of Appeals said an advocacy group, FlyersRights.org, had no right to force the FAA to adopt seating rules because it was not "clear and indisputable" that tight seating, while uncomfortable, was also dangerous. Congress had in 2018 given the FAA one year to establish minimum seating dimensions including pitch, the distance between seatbacks, that were "necessary" for passenger safety. "To be sure, many airline seats are uncomfortably small. "But it is not 'clear and indisputable' that airline seats have become dangerously small. Circuit Court of Appeals, No.

☆ The FAA won't have to establish seating size and space rules despite all the complaints, US court rules
▼ + stars: | 2023-03-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

On Friday, a US court ruled against FAA having to establish minimum seat sizes and spacing for safety, Reuters reports. On Friday, the DC Circuit Court of Appeals ruled that advocacy group FlyersRights.org couldn't force the FAA to adopt seating dimension rules. That is why some passengers pay for wider seats and extra legroom," Walker wrote. There needs to be a minimum size established, and it needs to be larger than the current sizing," commenter Epiphany Pizor wrote. In 2018, Congress passed the FAA Reauthorization Act, directing the agency to issue seat dimension rules regarding passenger safety.

☆ The Perils of Premature Negotiation Over Ukraine
▼ + stars: | 2023-03-02 | by ( Michael Kimmage | Hanna Notte | ) www.wsj.com time to read: +1 min

One year after Russia’s invasion of Ukraine, the engines of diplomacy are revving up. France, Germany and the United Kingdom have recently floated the idea of giving Ukraine a security guarantee. The Biden administration has repeatedly pledged to support Ukraine for “as long as it takes.” But Washington isn’t free from constraints. There is a limit to the money and materiel the U.S. can send to Ukraine. Absent the decisive defeat of Russia or Ukraine, the war will have to end with a negotiated settlement.

☆ Republicans want to replace federal taxes with a flat sales tax. It'll either add trillions to the national deficit or you'll have to pay a lot more for everything.
▼ + stars: | 2023-03-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Some Republicans want to abolish the IRS and replace most federal taxes with a flat sales tax. However, a report from Brookings finds that the sales tax at the currently proposed rate would add to the deficit. Buddy Carter, who introduced the legislation, said the US "doesn't have a revenue problem, it has a spending problem." "Our country doesn't have a revenue problem, it has a spending problem. This is on top of the $3 trillion that Republicans want to add to the debt with tax giveaways to wealthy tax cheats, Big Pharma, big corporations, and other special interests.

[1/5] An employee prepares online grocery orders in the storage area of Czech online grocer Rohlik Group in Prague, Czech Republic February 1, 2023. HUGE GROWTH POTENTIAL Rohlik, founded in 2014, leads the Czech market by mainly targeting customers in big cities through its string of distribution warehouses. "Competition is still mainly driven by stationary retail but a small number of online grocery players are gearing up in each market to become leading e-grocery platforms." KOSIK TURNS EASTAs Rohlik bets on Germany, Kosik is looking eastward, entering the Slovak market and expanding in Bulgaria. CEO Ivan Utesil said the company would also seek to cut into Czech market share by capitalising on its tie-in with German wholesaler Metro (B4B.DE) in some regional areas.

☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
▼ + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."

☆ It's 'hard to get excited' by Zoom Video even after earnings beat, 'Fast Money' traders say
▼ + stars: | 2023-02-27 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Zoom Video has lost the momentum it had during the work-from-home boom, and a strong earnings report did little to change that, according to traders on CNBC's " Fast Money ." The company on Monday reported adjusted earnings of $1.22 per share and $1.12 billion in revenue for the fourth quarter. The stock soared above $500 per share in 2020 as the use of video conferencing soared, but Zoom has since given back all of those gains. Guy Adami of Private Advisor Group called Zoom a "fine company" but cautioned that its use of stock-based compensation could hurt shareholders. That metric, which Zoom Video excludes from its adjusted earnings number, was a roughly $520 million expense during the fourth quarter, and can cause dilution for shareholders.

☆ Michael Klausner, the SPAC boom's chief naysayer, is trying to prevent another frenzy for good
▼ + stars: | 2023-02-27 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Stanford Law professor Michael Klausner is suing a SPAC sponsor, claiming it misled investors. Michael Klausner, the Stanford Law professor who has become the chief critic of the SPAC boom, remembers the exact moment he realized SPACs were broken. It was 2017 – way before the investment vehicles took off in 2020 – and he was teaching a class on business transactions at Stanford Law School. In addition to getting all their money back with interest, they also get 20% of the final public company. Klausner was thrust into the role of being the SPAC boom's resident Cassandra, warning of calamity but never taken seriously.

☆ Meet 23 rising stars in public relations at top brands and agencies like CBS News and Bryson Gillette
▼ + stars: | 2023-02-27 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +1 min

Companies rely on the public relations industry for help burnishing their reputations and staying on trend. Insider identified the latest group of rising stars in PR who can craft a killer pitch, polish clients' reputations, and more. Insider has identified 23 rising stars in the PR industry who are meeting the challenge. Other rising stars are in-house, helping brands grow, managing comms teams, and working directly with CEOs. Two more rising stars are founders who left agency careers to run their own shops.

This would help its investment bankers in their pitches to clients, especially for IPOs, one of the sources added. Klein is selling his business to Credit Suisse for $175 million, the two said earlier this month. Credit Suisse will focus on managing money for the wealthy after the carve-out. A spokesman for Credit Suisse declined to comment, as did a representative for Klein. Credit Suisse reported its biggest annual loss last year since the financial crisis and cut its bonus pool by 50% for 2022.

☆ A senior ISIS leader is dead, but the raid went sideways when an explosion injured several US troops and a dog
▼ + stars: | 2023-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

US troops and the Syrian Democratic Forces carried out a joint helicopter raid in Syria on Thursday. The target, a senior Islamic State leader named Hamza al-Homsi, was killed during the operation. Although the target, Hamza al-Homsi, was killed, the operation went sideways when an explosion wounded the four Americans and their working dog. Meanwhile, the US military and its partner forces continue to hunt down ISIS fighters in Iraq and Syria. Local Syrian forces killed the Islamic State's leader, Abu al-Hassan al-Hashimi al-Qurayshi, during an October raid.

☆ Designer Michael Kors celebrates power of women with new collection
▼ + stars: | 2023-02-16 | by ( Alicia Powell | ) www.reuters.com time to read: +1 min

[1/5] A model presents a creation from the Michael Kors spring summer 2023 collection during New York Fashion Week in Manhattan, New York City, U.S., September 14, 2022. REUTERS/Caitlin OchsNEW YORK, Feb 16 (Reuters) - Michael Kors celebrated women who inspired him at his New York Fashion Week show on Wednesday, designing his collection with Tina Turner, Jane Fonda and Yoko Ono in mind. Kors put a twist on evening wear by designing sleek jumpsuits and evening gowns with daring cut-outs. I fell in love with women who were very inspiring to me at the time," said Kors. I think it's a nice alternative to black and warm, and people look so great in it," Kors said.

J&J maintains its talc products are safe. U.S. Bankruptcy Judge Michael Kaplan was set to preside over the hearing for the subsidiary, called LTL Management, in Trenton, New Jersey. In October 2021, J&J offloaded the tidal wave of talc lawsuits it faced onto one of its newly created units, LTL, which then declared bankruptcy. Reuters last year detailed the secret planning of Texas two-steps by Johnson & Johnson and other major firms in a series of reports exploring corporate attempts to evade lawsuits through bankruptcies. LTL declared bankruptcy while J&J avoided seeking Chapter 11 protection, with all its inherent financial and reputational wreckage.

☆ Retailers are hoarding labor even as tech layoffs mount
▼ + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.

☆ Russia has spent 9 months bleeding troops to try to capture a city with limited strategic value, experts say
▼ + stars: | 2023-02-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russia has spent nine months trying to capture Bakhmut in a slow and brutal campaign. Experts say the city does not even have that much strategic value. Ukrainians fighting in the city say it has been a "living hell" for months, while commanders on both sides have called the battle a "meat grinder." But ultimately, experts say, the city may not be important enough to justify the effort and expense Russia has put into it. A map showing the location of the Ukrainian city of Bakhmut.

☆ Watch CNBC's full interview with Piper Sandler's Michael Kantrowitz on market outlook
▼ + stars: | 2023-02-14 | 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 Piper Sandler's Michael Kantrowitz on market outlookMichael Kantrowitz, chief investment strategist and head of portfolio strategies at Piper Sandler, joins 'Squawk Box' to discuss today's CPI report numbers, forecasts about further drops in earnings expectations, and the consequences from the lag effect of inflation.

☆ S&P could sink to 3,225 by the end of the year, says Piper Sandler's Michael Kantrowitz
▼ + stars: | 2023-02-14 | 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 EmailS&P could sink to 3,225 by the end of the year, says Piper Sandler's Michael KantrowitzMichael Kantrowitz, chief investment strategist and head of portfolio strategies at Piper Sandler, joins 'Squawk Box' to discuss today's CPI report numbers, forecasts about further drops in earnings expectations, and the consequences from the lag effect of inflation.

☆ Super Bowl ad hits feature 'The Flash', Disney as automakers pull back
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

Auto ads, usually among the most popular during the Super Bowl, were mostly absent this year in another sign of reduced spending by automakers grappling with a tough economy and shrinking consumer wallets. Data from research firm Edo showed that Warner Bros Discovery's (WBD.O) 45-second "The Flash" trailer with two Batmans - Michael Keaton and Ben Affleck - was 24 times more effective than the median Super Bowl LVII ad. The Super Bowl is one of the most lucrative hours for advertisers hoping to grab the attention of over a 100 million people watching the game. On Sunday, the Kansas City Chiefs secured a dramatic 38-35 win over the Philadelphia Eagles to claim their second Super Bowl victory in four years. The average cost of a 30-second Super Bowl spot this year was about $7 million, an 84% surge from ten years ago, data from Statista showed.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Morgan Stanley's stock chief says a signal that flashed before the 2000, 2008, and 2020 market crashes is once again glaring red — and that big declines are still ahead for the S&P 500
▼ + stars: | 2023-02-11 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Forward earnings growth is now negative, Morgan Stanley's Mike Wilson points out. In a February 6 note to clients, Morgan Stanley's Chief US Equity Strategist Mike Wilson reiterated his call that the S&P 500 hasn't seen a bottom yet. Wilson highlights this pattern in the chart below, showing forward EPS growth (yellow line) alongside S&P 500 price action (blue line). "History shows price downside is in front of us, not behind us," the chart's title reads. Morgan StanleyWilson said in December that he sees the S&P 500 bottoming between 3,000-3,300 in the first quarter before recovering to 3,900 later this year.

☆ Western forces are raiding gunrunners at sea and throwing wrenches into Iran's plans
▼ + stars: | 2023-02-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

CENTCOM said this month that it supported "partner naval forces" during a January raid in the Gulf of Oman. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. UK naval forces also seized surface-to-air missiles and cruise-missile rocket engines that came from Iran. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. It remains to be seen whether the increase in raids will actually impact Iran's regional influence over the long-term.

Younger shoppers snapping up its sweatshirts, knitwear and Polo line of products also drove results beat at luxury peer Ralph Lauren Corp (RL.N). "The Coach brand has done a lot of work to reposition itself as a premium brand that appeals to a younger consumer," Raymond James analyst Rick Patel said. "Tapestry appears to be executing better for its Coach brand than Capri is for Michael Kors," Patel added. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, beating estimates of $1.76 billion. Both Tapestry and Ralph Lauren took a hit in China due to a resurgence of COVID-19 infections, but demand is returning, the companies said.

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