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☆ Read Your Way Through Salvador
▼ + stars: | 2023-07-19 | by ( Itamar Vieira Junior | Translated Johnny Lorenz | ) www.nytimes.com time to read: +2 min

Read Your Way Around the World is a series exploring the globe through books. I was born in Salvador, in the Brazilian state of Bahia, and lived in the general vicinity until I reached the age of 15. I already knew something of Amado, not from reading him but because he was an omnipresent figure in the cultural life of Salvador. Salvador was the first capital of Brazil, founded in 1549 as part of the Portuguese colonial project in the Americas. In the Salvador of yesteryear, one would find Europeans, mostly Portuguese and Dutch, as well as Indigenous peoples, especially the Tupinambá.

Persons: Jorge Amado, Amado, Salvador, Rufino, João José Reis, Flávio dos Santos Gomes, Marcus J.M, de Carvalho, Rufino ” Locations: Salvador, Brazilian, Bahia, Brazil, Portuguese, Americas, Salvador of yesteryear, Africa, Nigeria, Benin, Dahomey, Togo, Republic of Congo, Angola, Oyo

☆ Why Americans are obsessed with peanut butter
▼ + stars: | 2023-07-14 | by ( Natalie Rice | ) www.cnbc.com time to read: +9 min

Skippy was the leading peanut butter brand in the U.S. until 1980, a title that now belongs to Jif. Pond, that became the first brand to commercially develop peanut butter in 1920, sparking the way we eat peanut butter today. "We've launched certain innovations specifically in Asian markets to help enable that type of cooking use for peanut butter. Domestically, Americans eat an average of 4.25 pounds of peanut butter per capita, a figure that increased temporarily during the Covid-19 pandemic, according to the National Peanut Board. As the family came together in the middle of the day, we saw that it introduced this love and affection for peanut butter to children who will hopefully carry that love and affection for peanut butter into [their] lifetime," he added.

Persons: Skippy, Joseph Rosefield, Peter Pan, Matt Smith, Circana, Costco's Kirkland, Smucker's, Jif, Smith, Rebecca Scheidler, they've, Ryan Christofferson, Christofferson, aren't, they're, Bob Parker, It's, it's, We've, Parker, Domestically, —, Scheidler Organizations: Equity Research, Stifel Financial Corp, Hormel Foods Corp, Post, Holdings, Foods, Hormel Foods, Spam, Unilever, Peanut Board, FDA, Hormel, National Peanut Board Locations: Jif, U.S, Chicago, Smucker, Uncrustables, Longmont , Colorado, McCalla , Alabama, Mexico, Canada, China

☆ In ‘The Lesson,’ It’s a Bad Writer Who Steals
▼ + stars: | 2023-07-12 | by ( Carlos Aguilar | ) www.nytimes.com time to read: 1 min

In “The Lesson,” an amusingly taut British thriller playing now in American movie theaters, two novels result from the same events at an opulent country estate. This chamber piece — a debut feature from both the director Alice Troughton, a regular of episodic television, and the comedian turned screenwriter Alex MacKeith — asks, both tacitly and explicitly: Can any creative endeavor be honestly attributed to a single source? One of the film’s writers, J.M. Sinclair (a ferocious Richard E. Grant) is a consummate literary star, who hasn’t published a novel since his firstborn son’s suicide. The unscrupulous Sinclair, however, is about to write the final chapter in a new novel, “Rose Tree,” while staying true to his favorite aphorism, “Great writers steal.”

Persons: Alice Troughton, Alex MacKeith —, Sinclair, Richard E, Grant, hasn’t, ”

☆ S&P 500 first-quarter EPS creeps out of the red, Refinitiv data shows
▼ + stars: | 2023-06-09 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Fresh data shows earnings per share for S&P 500 (.SPX) companies were about flat in the first quarter, a major improvement over dour forecasts at the start of the reporting season. Reuters GraphicsWith first-quarter earnings season all but wrapped up, S&P 500 companies are on track for an average increase in earnings per share of 0.03% year over year, according to I/B/E/S data from Refinitiv. Notably, net income for S&P 500 companies fell 2.9% in the first quarter, according to Refinitiv, showing their overall profits actually declined. Smucker (SJM.N) and Campbell Soup Co (CPB.N) were among the companies helping to lift S&P 500 earnings out of negative territory in recent days, with both packaged food sellers reporting EPS above analysts' estimates. While first-quarter earnings have turned out better than expected, analysts on average remain pessimistic about the outlook for earnings, on average predicting a 5.4% drop in EPS in the second quarter, according to Refinitiv.

Persons: Andrew Kelly, Campbell, Noel Randewich, Paul Simao Organizations: Smucker, REUTERS, Reuters Graphics, Federal Reserve, Campbell, Thomson Locations: Manhattan , New York City, U.S, Refinitiv

☆ J.M. Smucker CEO on earnings: Our consumers have been incredibly resilient
▼ + stars: | 2023-06-06 | 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 EmailJ.M. Smucker CEO on earnings: Our consumers have been incredibly resilientJ.M. Smucker CEO Mark Smucker joins 'Squawk Box' to discuss the company's quarterly earnings results, the state of the consumer, inflation impact, and more.

Persons: Mark Smucker

☆ Stocks making the biggest premarket moves: Mobileye, EPAM Systems, Thor Industries, Apple and more
▼ + stars: | 2023-06-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading. EPAM Systems — The software firm fell 2.9% a day after the company posted second-quarter earnings and revenue guidance that was below analysts' expectations. Thor Industries — Shares surged nearly 10% after the recreational vehicle manufacturer reported an earnings and revenue beat. Smucker — The food products stock gained 1% in premarket trading after J.M. Apple — The iPhone maker dipped less than 1% in premarket trading a day after releasing its Vision Pro mixed-reality headset.

Persons: Amnon Shashua, Patrick Gelsinger, Mobileye, Coinbase, Thor, McCormick, Gitlab, GitLab, Refinitiv, Ferguson —, Ferguson, Smucker, Davidson, Jesse Pound Organizations: Intel, Nasdaq, U.S . Securities, Exchange, SEC, Binance, Systems, Thor Industries, Bank of America, Revenue, Apple, Street, D.A Locations: New York, underperform

☆ Stocks making the biggest moves midday: Coinbase, GitLab, HealthEquity and more
▼ + stars: | 2023-06-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Here are the stocks making the biggest moves in midday trading Tuesday, June 6. Coinbase — Shares of the crypto exchange fell 12% after the U.S. Securities and Exchange Commission sued Coinbase on Tuesday. GitLab reported a 6-cent loss per share, better than the 14-cent loss per share the consensus anticipated, according to Refinitiv. Thor reported earnings of $2.24 per diluted share, while analysts surveyed by FactSet were expecting $1.07 per share. HealthEquity — The stock added about 11.6% the day after the company beat expectations on earnings and gave positive full-year guidance.

Persons: Coinbase, GitLab, Refinitiv, Thor, FactSet, Zions Bancorporation, KeyCorp, McCormick, Smucker, —, Alex Harring, Yun Li, Samantha Subin Organizations: U.S . Securities, Exchange Commission, SEC, Industries, Thor Industries, Comerica, KeyCorp, Regional Bank ETF, Bank of America, VF Corp, — Locations: KeyCorp —, California

☆ 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

☆ Next questions for markets center on its skinny rally and the chance of a Fed derailment
▼ + stars: | 2023-06-02 | by ( Scott Schnipper | ) www.cnbc.com time to read: +5 min

"The underlying numbers in the report today show that the Fed can probably feel comfortable with maybe one more rate hike, and then pausing." Or, at least those concerns were true until Friday's explosive rally, when more than six New York Stock Exchange issues rose for every one that fell, and all 11 sectors in the S & P 500 gained. Friday's advance carried the S & P 500 to its highest since Aug. 18, 2022, when the benchmark closed at 4,283.74. Another favorable straw in the wind may simply be the fact that the 11.2% rally in the S & P 500, just since the mid-March lows accompanying the failure of Silicon Valley Bank, is so hated and mistrusted. Week-ahead calendar Monday 9:45 a.m.: S & P Global Services PMI (May) 10 a.m.: Durable goods and factory orders (April) 10 a.m.: ISM services PMI (May) Tuesday Earnings: J.M.

Persons: Megan Horneman, Canaccord Genuity, JC O'Hara, Roth MKM, Ross Mayfield, Baird, Savita Subramanian, Subramanian, Brown, Forman, — CNBC's Alexander Harring, Fred Imbert, Michael Bloom Organizations: Federal Reserve, Verdence Capital Advisors, Nvidia, New York Stock Exchange, Silicon Valley Bank, Bank of America, P Global Services PMI, PMI, Growers, Ciena, GameStop Locations: Broad, 2H23, Silicon

☆ The Secret to Mastering Your Cocktail Order
▼ + stars: | 2023-05-17 | by ( Eric Kim | ) www.nytimes.com time to read: +1 min

Like knowing how to order off a menu, ordering a drink is something that needs to be learned. And finding your signature cocktail is an intellectual endeavor — an examination of yourself and your predilections — as much as it is a gustatory one. It has taken me a lifetime to find My Drink, a slow but steady culmination of all the glasses I’ve had before and all the times I’ve anxiously ordered at a bar. For Hirsch, using “language that you can taste” is a necessary step toward helping people understand what’s in the glass. It’s also, he says, “a good way to build connections between glasses.” And these connections are, ultimately, what can help you discover a new drink.

☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
▼ + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.

☆ Tucker Carlson is popular with the boomers, but at Twitter he will be courting a different — and much younger — audience
▼ + stars: | 2023-05-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The median age of Twitter users is much younger than that of Fox News viewers, reports show. Tucker Carlson is officially moving to Twitter, but whether his loyal — and older — Fox fans will follow is yet to be seen. In a video, Carlson touted the social media platform to his seven million followers as a place of "free speech." Back at Fox News, the median age of an average viewer was 65, according to Nielsen ratings. A Pew Research study shows a stark difference: The median age of a Twitter user is 40.

Peter Pan & Wendy, the newest live action spin on the classic story of Never Land, is now streaming on Disney Plus. Barrie, Peter Pan & Wendy follows the three Darling children on a journey to the magical Never Land with the help of Peter Pan. Lowery also serves as co-writer of the screenplay for Peter Pan & Wendy, alongside Toby Halbrooks. How to watch Peter Pan & WendyYou can watch Peter Pan & Wendy at home worldwide with a Disney Plus subscription. Watch the trailer for Peter Pan & WendyWhat other Peter Pan movies can I watch?

☆ This style of dividend 'aristocrat' ETF could outperform going into a recession
▼ + stars: | 2023-04-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As such, we recommend buying Dividend Aristocrats, which are companies that have a long track record of increasing dividends," Senyek said. Additionally, Dividend Aristocrats' outperformance has tended to persist during the initial stages of recoveries, which also tend to be highly uncertain environments," he added. One fund that tracks the group directly is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL) . Those funds have a total return of 1.7%% and 3%, respectively, so far this year. Another similar product is the iShares Core Dividend ETF (DIVB) .

☆ Climate-Disclosure Rules Are Coming. Here’s How Companies Are Adapting.
▼ + stars: | 2023-04-25 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

International jurisdictions and the U.S. Securities and Exchange Commission are expected to finalize rules by this summer that will require public companies to report their greenhouse-gas emissions. Direct suppliers are known as tier 1 with that number increasing the deeper you go down the supply chain. Partnerships with suppliers: Large companies are working with small suppliers to overcome hurdles to accessing renewable power supplies, a relatively straightforward way to cut emissions. In October, it said its first group was five companies, including Amy’s Kitchen Inc., Levi Strauss & Co. and J.M. Targets for lower-emission alternatives: Nestlé SA is paying a premium to farmers in its supply chain that cut emissions by following regenerative farming practices.

☆ Film 'Peter Pan & Wendy' reimagines familiar tale
▼ + stars: | 2023-04-20 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

[1/3] Cast member Alexander Molony attends the world premiere of the film 'Peter Pan and Wendy' in London, Britain April 20, 2023. "Peter Pan & Wendy" is based on Scottish author J.M. Barrie's beloved characters and the 1953 Disney animation "Peter Pan". Directed and co-written by David Lowery, the film stars Jude Law in the role of Captain Hook, Yara Shahidi as Tinker Bell, Ever Anderson, 15, as Wendy, and Alexander Molony, 16, as Peter Pan. "Peter Pan & Wendy" starts streaming on Disney+ on April 28.

☆ Review: Flying High and Falling Hard in ‘Peter Pan Goes Wrong’
▼ + stars: | 2023-04-19 | by ( Jesse Green | ) www.nytimes.com time to read: +2 min

Six years ago, the Cornley Polytechnic Drama Society brought its production of “The Murder at Haversham Manor” from its home base in England to Broadway. After the leading lady was knocked unconscious by a door, she was replaced by the stage manager; when knocked unconscious as well, he was replaced by a sound technician and eventually, somehow, a grandfather clock. Barrie’s “Peter Pan.” Many of the same disasters happen chez Darling as happened at Haversham Manor, or close variations on them. Let’s just say that Peter doesn’t fly so much as flail while airborne. He, too, is knocked unconscious.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, First Republic, Roku, Walmart & more
▼ + stars: | 2023-03-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Susquehanna upgrades Roku to positive from neutral Susquehanna said it sees an attractive risk/reward for the stock. Citi upgrades KeyCorp and M & T Bank to buy from neutral Citi upgraded several regional banks on Monday and said the risk/reward looks compelling. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it sees 50% upside for shares of the e-commerce giant. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it sees an attractive risk/reward heading into the company's investment community meeting on April 4. Morgan Stanley moves First Republic to no rating Morgan Stanley removed its estimates and ratings on the stock due to too much uncertainty.

☆ Pet Shop Boys Are Singing the Blues
▼ + stars: | 2023-03-23 | by ( Jinjoo Lee | ) www.wsj.com time to read: +1 min

Pet parents frequently say on surveys that they would rather cut down on their own food than their pets’ kibble. But the reality of steep inflation is starting to bite even the most generous owners. In February, pet food prices were 15.2% above year-ago levels, far exceeding the 10.1% inflation seen for the human food-at-home category, according to data from the U.S. Bureau of Labor Statistics. Year-over-year price increases for pet food started outpacing that for food-at-home starting September, and price increases for the category have proven to be stickier: Grocery inflation peaked at 13.5% in August and has moderated every month. Smucker said on an earnings call last month that its dry cat-food business has seen supply-chain disruptions.

☆ Play ultimate defense with these stocks that rise when volatility goes wild on Wall Street
▼ + stars: | 2023-03-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The Cboe Volatility index (VIX) , Wall Street's preferred fear gauge, reached a level not seen since late 2022 and neared territory considered highly risky . To find volatility winners, CNBC Pro screened for stocks that tend to rise when the volatility index gains. This is not normal as most stocks fall when fear is high on Wall Street and the VIX pops. These stocks had a median advance of at least 1% during those months when volatility surged. Its shares have fallen 12% so far in 2023 amidst a 20.3% decline during the past 12 months.

☆ J.M. Smucker beats Q4 EPS estimates; CEO breaks down fundamentals
▼ + stars: | 2023-02-28 | 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 EmailJ.M. Smucker beats Q4 EPS estimates; CEO breaks down fundamentalsJ.M. Smucker CEO Mark Smucker joins 'Squawk Box' to discuss the company's quarterly earnings results, why the company saw so much growth, and more.

☆ ‘Vermeer’ Review: Small Focus, Wide Reach
▼ + stars: | 2023-02-25 | by ( Mary Tompkins Lewis | ) www.wsj.com time to read: +1 min

An installation view of the show with Vermeer’s ‘Girl With a Pearl Earring’AmsterdamWhen the Frick Collection announced plans several years ago for a major renovation, the Rijksmuseum here saw a once-in-a-lifetime chance to borrow its three magnificent paintings by the Dutch artist Johannes Vermeer (1632-1675), which normally would never leave their New York home. Museums around the world and two private collectors also agreed to lend, and a retrospective, the largest ever assembled of the painter’s surviving work, took shape. “Vermeer,” the first exhibition devoted to the artist in the Rijksmuseum’s history, consists of 28 paintings (with one, his magisterial “Girl With a Pearl Earring,” leaving town March 30) out of the roughly 36 known to still exist. Organized by the museum’s curators Gregor J.M. Weber and Pieter Roelofs and designed by the architect Jean-Michel Wilmotte , it is a staggeringly beautiful, brilliantly realized show unlikely to be repeated.

☆ Stocks are reversing course as inflation looks sticky with more retail earnings on deck
▼ + stars: | 2023-02-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

The optimism about inflation and the U.S. economy is quickly waning on Wall Street, and the early 2023 rally for stocks is fading. The market was under pressure again on Friday after a hotter-than-expected reading for personal consumption expenditures, sending rates higher and stocks lower. Economic updates Next week brings a new round of economic indicators to see how the sticky inflation is affecting consumers and business. Other looks at the economy will come through key earnings reports. Speech by Fed Governor Christopher Waller Friday: 9:45 a.m. Markit Services PMI 10:00 a.m. ISM Services PMI 3:00 p.m.

☆ Here's what we know about Hamilton 68, the Russian online influence tracker called into question by the 'Twitter Files'
▼ + stars: | 2023-02-10 | by ( Sonam Sheth | Michelle Mark | ) www.businessinsider.com time to read: +10 min

A recent "Twitter Files" drop revealed deep concerns among Twitter executives about a database that claimed to track Russian propaganda in "near real time." The now defunct database, Hamilton 68, was widely cited by media outlets, including Insider, before it was shut down in 2018. He wrote that based on his analysis, Hamilton 68 "falsely accuses a bunch of legitimate, right-leaning accounts of being Russian bots." Berger and ASD did not respond to a request to provide Insider with the list of accounts Hamilton 68 tracked. Roth also claimed, after reverse-engineering the list of accounts that Hamilton 68 tracked, that they were "neither strongly Russian nor strongly bots."

☆ Post to Buy Pet Food Brands From J.M. Smucker for $1.2 Billion
▼ + stars: | 2023-02-08 | by ( Stephen Nakrosis | ) www.wsj.com time to read: 1 min

The deal includes Rachael Ray Nutrish and Gravy Train in addition to 9Lives and other brands. Post Holdings Inc. agreed to pay $1.2 billion to buy multiple brands from J.M. Smucker Co. in a deal that marks the food giant’s entry into the pet-foods market. The transaction includes Rachael Ray Nutrish, Gravy Train, 9Lives, Nature’s Recipe and Kibbles ’n Bits, as well as manufacturing locations in Bloomsburg, Pa.; Meadville, Pa.; and Lawrence, Kan.

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