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☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
▼ + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ This Bernstein stock-picking model beats the market by 6% a year. Here are its top picks today
▼ + stars: | 2023-03-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Instead of relying on fundamental research or quantitative analyses alone to identify stocks that will outperform, Bernstein combines both models. The Wall Street firm used its Bernstein and Autonomous sell-side analysts' recommendations as a proxy for the fundamental stock picker. His $200 target price suggests nearly 26% upside from Tuesday's close. According to his $265 price target, the stock could rally 38% from Tuesday's close. Rosenblum's price target of $54 implies 10.4% upside from Tuesday's close.

☆ The US dollar is at a crossroads
▼ + stars: | 2023-03-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A surging US dollar. What’s happening: The US dollar “finds itself at a significant crossroads yet again,” said Krosby. Don’t forget the debt ceiling: Another significant threat to the dollar is looming in Congress — the ongoing debt ceiling fight. “It would certainly undermine the role of the dollar as a reserve currency that is used in transactions all over the world. Initial claims have come in lower than expected in recent weeks and remain well below their pre-pandemic levels.

☆ House to vote on stopgap bill to avert shutdown at end of the week
▼ + stars: | 2022-12-14 | by ( Clare Foran | ) edition.cnn.com time to read: +2 min

CNN —The House is expected to vote late on Wednesday to pass a stopgap bill to avert a government shutdown at the end of this week with funding currently set to expire on Friday at midnight. The stopgap measure will extend funding for another week – until Friday, December 23 – to give congressional negotiators time to finalize a broader, full-year government funding deal with new topline spending levels. After the House approves the stopgap bill, the Senate will next need to take it up before it can go to President Joe Biden to be signed into law. On Wednesday, Shelby said the top line is about $1.7 trillion, but would not elaborate. Shelby said the exact allocations to the different government agencies are still being negotiated.

CNN —Top congressional negotiators announced Tuesday evening that an agreement had been reached for a framework that should allow lawmakers to complete a sweeping full-year government funding package. The comments from McCarthy may even add more urgency to the effort to reach a deal before the new Congress convenes. Senate Majority Whip Dick Durbin warned about the prospects of the government funding fight moving into next year. If a broader bipartisan deal does come together, it would be poised to pass both chambers. The lawmakers are hoping to include the provision in the government spending bill that Congress is scrambling to craft.

The NDAA is expected to get a vote in the Senate this week and be approved with bipartisan support. Sen. Richard Shelby of Alabama, the ranking Republican member on the Senate Appropriations Committee, has told reporters the two sides are roughly $26 billion apart. Or it could extend the shutdown deadline into the next Congress, which will convene on January 3, and when Republicans take control of the House. That change in majority in the House would dramatically alter the dynamic for negotiations and likely make it far harder to reach a broader funding deal. Senate Appropriations Committee Chairman Patrick Leahy, a Vermont Democrat, outlined the argument for his party in his own floor remarks on Thursday.

☆ The Reward Is Growing for Card Lenders but Also the Risks
▼ + stars: | 2022-10-28 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

People who need to borrow more to support their spending are also the kinds of borrowers that you generally worry a bit more about. Americans are signaling that they want to keep spending and borrow more. That is a good-news-bad-news situation for investors in card lenders. The good news is that card loans grew by double-digit percentage points in the third quarter across the large U.S. credit-card issuers. But at the same time, the average delinquency rate for large card lenders jumped by more than a third over last year, according to figures compiled by Autonomous Research analyst Brian Foran.

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