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☆ Conservative activist sues major law firms for providing diversity fellowships
▼ + stars: | 2023-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The conservative activist behind the Supreme Court case that struck down affirmative action in college admissions this year is suing two international law firms for providing diversity fellowships. Corporate diversity programs have come under fire lately from conservative politicians and activists. The group has also sued Target for allegedly destroying shareholder value through its Pride-themed clothing, and it has sued Kellogg for diversity programs. Yet studies have shown that DEI programs and initiatives have demonstrated cultural and economic benefits. Affirmative action and diversity program advocates fear that conservative action against those programs could block career opportunities for people of color.

Persons: Perkins Coie, Morrison, Foerster, Perkins, ”, “, ” Morrison, White, Edward Blum, Blum, Trump, Stephen Miller, Kellogg, Ron DeSantis Organizations: DC CNN, American Alliance for Equal Rights, CNN, Apple, Google, Starbucks, Procter, Gamble, American Medical Association, Bureau of Labor Statistics, Census, Harvard College, University of North, Legal, National Center for Public, Research, Conservative, America, Legal Foundation, Amazon, Florida Gov Locations: Washington, Dallas, Miami, University of North Carolina, Spokane , Washington, Texas, Florida

☆ A waffle you can drink: Eggo releases sippable version of popular breakfast dish
▼ + stars: | 2023-08-20 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +1 min

Kellogg’s Eggo and Sugarlands Distilling Company partnered to launch a sippable boozy waffle beverage called Eggo Brunch in a Jar Sippin’ Cream, according to a news release Tuesday. This Eggo beverage isn’t for the kiddos, but parents are welcome to indulge. “Eggo Brunch in a Jar makes it easy for parents to kick back when they’re not caring for their little ones,” Beauprez said. The alcoholic brunchtime drink isn’t the first collaboration between Eggo and Sugarlands. The brands collaborated last year to create Eggo Nog, according to Sugarlands’ master distiller, Greg Eidam.

Persons: Kellogg’s, let’s, ”, Joe Beauprez, “, they’re, ” Beauprez, Sugarlands, Greg Eidam Organizations: CNN Locations: Gatlinburg , Tennessee, Eggo

Ex-Trump chief of staff Mark Meadows and former Acting U.S. Attorney General Matthew Whitaker are board members. The complaints come as many experts expect an uptick in challenges to corporate diversity programs following a U.S. Supreme Court ruling in June that prohibited race-conscious college admissions policies. “There certainly is a deep psychological effect that is putting the brakes on the forward movement of diversity in the workplace,” Rossein said. America First has also filed lawsuits accusing Target Corp and Progressive Insurance of breaching their duties to shareholders by adopting diversity programs and progressive marketing campaigns, for instance celebrating LGBTQ Pride Month. Commissioner Andrea Lucas, a Trump appointee, filed a dozen charges last year, more than any of her colleagues.

Persons: Trump, Stephen Miller, Donald Trump's Mar, Jonathan Ernst, Activision's, Kellogg, Morgan Stanley, Donald Trump, Mark Meadows, Matthew Whitaker, Rick Rossein, ” Rossein, Hershey, Andrea Lucas, Lucas, Gene Hamilton, Daniel Wiessner, Alexia Garamfalvi, Daniel Wallis Organizations: REUTERS, Activision Blizzard Inc, Kellogg, U.S, Opportunity Commission, America, Starbucks Corp, McDonald's Corp, Anheuser, Busch Companies, Hershey Co, Republican, Trump, Supreme, City University of New York School of Law, Target Corp, Progressive Insurance, Activision, Democratic, Thomson Locations: Lago, Palm Beach , Florida, U.S, America, Albany , New York

☆ Job listings that don't require applicants to have a college degree are surging, with recruiters prioritizing skills over formal education, LinkedIn survey finds
▼ + stars: | 2023-08-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Job adverts that don't list a degree requirement have increased by 90% in the UK, LinkedIn says. Major firms including IBM, Google, and Tesla are hiring more based on skills over qualifications. Companies including IBM, Accenture, Dell, Bank of America, Google, and Tesla are among those that are increasingly hiring based on skills. The fastest-growing in-demand skills in job listings since November 2022 include communications, flexibility, professional ethics, social perceptiveness, and self-management, per LinkedIn. Billionaire Elon Musk, who head five companies including Tesla, is among the most prominent business people to be skeptical of the usefulness of college degrees.

Persons: Tesla, Josh Graff, Billionaire Elon Musk, Musk, Bill Gates, Larry Ellison, They've Organizations: LinkedIn, IBM, Google, Service, Companies, Accenture, Dell, Bank of America, LinkedIn's, Kellogg's, Billionaire, KPMG, PWC, Deloitte Locations: Wall, Silicon, LinkedIn's Europe, Middle East, Africa, America

☆ Here are 21 stocks Jim Cramer is watching Thursday, including GE, Target and Kellogg
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Kellogg (K) has many critics but 52-week low, pure snacks and break-up value for classic brands is high. Applovin (APP) surprise blow-out quarter for marketing company that uses machine learning to figure out advertising. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Ralph Lauren, Kellogg, McCormick, Baird, Akamai, JACK, Morgan Stanley, Warby Parker, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: IAC, SBA Communications, BofA, Mizuho, Realty, Barclays, General Electric, GE, PT, Deutsche Bank, Jim Cramer's Charitable, CNBC, Target Corp, Bloomberg, Getty Locations: France, BofA, Chicago , Illinois

☆ Kellogg’s Plans for Stranded Cereal Unit Look Soggy
▼ + stars: | 2023-08-09 | by ( Aaron Back | ) 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/kelloggs-plans-for-stranded-cereal-unit-look-soggy-dd461ecc

Persons: Dow Jones

Kellogg's Corn Flakes, owned by Kellogg Company, are seen for sale in a store in Queens, New York City, U.S., February 7, 2022. "Management has discarded the company's long-held family friendly marketing approach to politicize and sexualize its products," the group said. The EEOC can sue companies if it finds that their employment practices amount to illegal discrimination. "Kellogg’s employment practices are unlawfully based on 'equity,' which is a euphemism for illegal discrimination," Reed Rubenstein, a lawyer with the group, wrote in the letter. America First said it also had sent a letter to Kellogg's board of directors on Wednesday threatening shareholder litigation if the company maintains the allegedly illegal policies.

Persons: Andrew Kelly, Kellogg, Stephen Miller, Donald Trump, RuPaul, Reed Rubenstein, America, Daniel Wiessner, Stephen Coates Organizations: Kellogg Company, REUTERS, Wednesday, America, Donald Trump . America, U.S, Opportunity Commission, Management, Supreme, Tuesday, Target Corp, Thomson Locations: Queens , New York City, U.S, Albany , New York

☆ Kellogg forecasts annual sales of up to $13.6 bln for snacks business ahead of split
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Kellogg's Corn Flakes, owned by Kellogg Company, are seen for sale in a store in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File PhotoAug 9 (Reuters) - Packaged food maker Kellogg (K.N) said on Wednesday its snacking business Kellanova is expected to report full-year sales between $13.4 billion and $13.6 billion after Kellogg separates into two units at the end of the year. Kellogg last year unveiled plans to split the company to sharpen its focus on the snack business. The cereal business, WK Kellogg, which will be home to brands including Kellogg's and Froot Loops, is expected to post full-year net sales of $2.7 billion. Earlier this month, Kellogg forecast a smaller drop in annual profit than previously expected following multiple price hikes for its breakfast snacks and cereals.

Persons: Andrew Kelly, Kellogg, Kellanova, —, WK Kellogg, Savyata Mishra Organizations: Kellogg Company, REUTERS, Kellogg, Thomson Locations: Queens , New York City, U.S, Bengaluru

☆ Kellogg Co. CEO Steve Cahillane goes one-on-one with Jim Cramer
▼ + stars: | 2023-08-09 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Kellogg Co. CEO Steve Cahillane goes one-on-one with Jim CramerKellogg CEO Steve Cahillane goes one-on-one with 'Mad Money' host Jim Cramer to talk the spinoff ahead for the company, quarterly earnings and more.

Persons: Kellogg, Steve Cahillane, Jim Cramer Kellogg, Jim Cramer

☆ Mattel wants to pay you $277 an hour to play Uno
▼ + stars: | 2023-08-04 | by ( Ellie Stevens | ) edition.cnn.com time to read: +2 min

CNN —Mattel says it is conducting a nationwide job search for a “Chief Uno player.” The salary: $277 an hour. The toy company is hiring someone to promote the release of their new game, Uno Quatro. Uno Quatro is a new version of Uno that combines connecting four tiles in a row, as in Connect 4, with the classic Uno feature of matching numbers and colors. Starting September 13, the Chief Uno player will teach players to play the game and participate in livestreams and interviews. An eye-catching five figure position to play Uno for four weeks can accomplish just that.

Persons: Mattel, Uno Quatro, “ We’re, ”, Ray Adler, Uno, Tim Calkins, ” Calkins, TikTok, “, …, Skittles, French’s, McDonald’s, Calkins Organizations: CNN, Uno, Mattel, Northwestern University’s Kellogg School of Management Locations: New York City

☆ 4 steps leaders must take to make the most of AI and not get left behind, according to an MBA professor
▼ + stars: | 2023-08-04 | by ( Leigh Thompson | ) www.businessinsider.com time to read: +9 min

Go with a growth mindsetPrior to ChatGPT's public launch, most managers had minimal experience using generative AI. That changed quickly as some businesses — including IBM — suggested that managers start using AI or risk losing their jobs. The better question for leaders is, "Do I believe I can learn to leverage generative AI in a productive way?" We are seeing this at an organizational level with AI, as some leaders put the brakes on using generative AI, based in part on perception of an AI-related skills gap among employees and the challenge of filling that. The conclusion here is that to get the best of generative AI, don't play into a dictator-servant relationship.

Persons: Leigh Thompson, Thompson, I've, IBM —, Carol Dweck's, Siri, Phil Zimbardo's, —, ChatGPT Organizations: Kellogg School of Management, Northwestern University, IBM, Alexa, Research, Stanford

☆ Kellogg raises annual profit outlook on higher prices
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Kellogg's cold cereal products are pictured in a market in New York, U.S., June 21, 2022. REUTERS/Mike Segar/File PhotoAug 3 (Reuters) - Kellogg Co (K.N) on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped strengthen its margins. The Corn Flakes maker said it expected 2023 adjusted profit per share to decline between 1% and 2%, compared with the prior forecast for a decline of 1% to 3%. However, the company posted a 4.6% rise in net sales to $4.04 billion in the second quarter, missing analysts' expectations of $4.07 billion, according to Refinitiv data. Reporting by Mehr Bedi and Aatrayee Chatterjee in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Mehr Bedi, Aatrayee Chatterjee, Milla Nissi Organizations: REUTERS, Kellogg, PepsiCo, Conagra Brands Inc, Hershey, Thomson Locations: New York, U.S, Bengaluru

☆ Papa Johns’ prices are driving some customers away
▼ + stars: | 2023-08-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Lynch joined Papa Johns (PZZA) in 2019. The vast majority, roughly 2,900 out of about 3,400 total North American Papa Johns restaurants, are franchised, according to the company. Sales at Papa Johns locations open at least a year fell in the second quarter. But now, they’re pushing back – and not just at Papa Johns.

Persons: Papa Johns, ”, Rob Lynch, “, we’ve, I’ve, Lynch, American Papa Johns, Luke Sharrett, Papa, Kraft Heinz, Oscar Mayer, Kraft, Miguel Patricio, ” Patricio, George Frey, James Quincey, Steven Cahillane, “ We’re, ‘, ’ ”, ” Lynch, it’s Organizations: New, New York CNN, American Papa, Papa Johns, Bloomberg, Kraft Mac, Kraft Locations: New York, Papa Johns, Capri Sun, Philadelphia, Europe

☆ Kellogg CEO: The commodity 'basket' prices are going down for the most part
▼ + stars: | 2023-08-03 | 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 EmailKellogg CEO: The commodity 'basket' prices are going down for the most partKellogg CEO Steve Cahillane joins 'Squawk on the Street' to discuss the company's quarterly earnings results, if the door has closed on further price increases, and more.

Persons: Kellogg, Steve Cahillane Organizations: Kellogg

☆ Carlos Gutierrez: Ambition Is A Mindset & An Attitude
▼ + stars: | 2023-08-03 | 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 EmailCarlos Gutierrez: Ambition Is A Mindset & An Attitude"I didn't have a specific endgame in mind. I just knew I wanted to do great things." Former Kellogg's CEO Carlos Gutierrez shares how he went from his first job working as a sales representative to becoming a CEO.

Persons: Carlos Gutierrez

☆ Carlos Gutierrez: Success Is About Never Losing That Ambition
▼ + stars: | 2023-07-31 | 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 EmailCarlos Gutierrez: Success Is About Never Losing That Ambition"Success is about having the support and trust of people." Former Kellogg's CEO Carlos Gutierrez shares how his ambition paved the way for his success in corporate America.

Persons: Carlos Gutierrez Locations: America

☆ The case for a soft landing is slowly but surely building
▼ + stars: | 2023-07-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

It’s not difficult to see why – economic data released this past week points to a cooling but still strong economy. Still, it’s far too soon to assume that a soft landing is in the bag. There’s more economic data slated for release this coming week, and the US labor market is in focus. The Bureau of Labor Statistics’ latest jobs report is due Friday. Friday: Jobs report for July.

Persons: Jerome Powell, ” Powell, ”, Jeffrey Roach, WhatsApp, Catherine Thorbecke WhatsApp, Read, Kraft Heinz, Yum, Kellogg, Jobs Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, Commerce Department, LPL, Bureau of Labor Statistics, Labor, Survey, ADP, Labor Statistics ’, Community Bank, Caterpillar, Pfizer, Uber, Marriott, Starbucks, PayPal, CVS, Kraft, Brands, DoorDash, Apple, ConocoPhillips, Booking Holdings, Warner Bros

☆ Mattel's Barbie is a hit. Retailers and restaurants want in
▼ + stars: | 2023-07-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.

Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, “, ”, Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ July jobs report and more Big Tech earnings are in the week ahead after markets notch historic run for Dow
▼ + stars: | 2023-07-28 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.

Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S

☆ Cadbury-maker Mondelez lifts annual revenue growth forecast on strong demand
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Mondelez International (MDLZ.O) on Thursday raised its annual 2023 revenue growth forecast for the second time this year, helped by robust demand for the Oreo maker's snacks and chocolates despite higher prices. Shares of the Cadbury chocolate maker rose 1.6% in after-hours trading as the company also beat second-quarter revenue expectations. Mondelez's upbeat forecast came on the back of a strong first quarter and indicated that consumers remained resilient to higher prices for their favorite snack brands. The company said it expects a full-year organic net revenue growth of more than 12% in 2023, up from a prior forecast of more than 10% growth. The company's net revenue rose 17% to $8.51 billion in the second quarter, surpassing analysts' average estimate of $8.21 billion.

Persons: Campbell, General Mills, Kraft Heinz, Savyata Mishra, Pooja Desai Organizations: Mondelez, Cadbury, Kellogg, Thomson Locations: Bengaluru

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

[1/2] A view shows a cooked piece of cultivated chicken breast created at the Upside Foods plant, where lab-grown meat is cultivated, in Emeryville, California, U.S. January 11, 2023. Difficulty competing with conventional meat on price has plagued the plant-based meat sector, which has failed to meet market share expectations. To be price competitive, cultivated meat must reach a production cost of $2.92 per pound, Goncalves said. Last year, governments spent about $635 million on alternative proteins, about $167 million of which was for cultivated meat, according to the group. China Chilcano's chefs said the product behaved very similarly to conventional chicken and offered some improvements, like rapid absorption of marinades.

Persons: Peter DaSilva, Matthew Walker, Leticia Goncalves, Goncalves, Andrew Noyes, Jose Andres's, Gustavo Burger, Believer, Steve Cahillane, Alan Grublauskas, Noyes, chefs, Leah Douglas, Tom Polansek, Josie Kao Organizations: REUTERS, WASHINGTON, U.S . Department of Agriculture, Food and Drug Administration, S2G Ventures, Daniels, Midland, Washington , D.C, Food Institute, Kellogg, Reuters, Food Forum, Thomson Locations: Emeryville , California, U.S, Jose Andres's China, Washington ,, Chicago, China, San Francisco, Washington

☆ Here are top stock ideas from UBS to play this earnings season
▼ + stars: | 2023-07-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The second-quarter earnings season has kicked into high gear, and a slew of stocks have the potential to enjoy a boost when they surprise Wall Street, according to UBS analysts. Then UBS considers an "earnings alpha factor score," which views "value" as the most significant factor and sees "growth," "quality" and "momentum" as factors with enhanced returns. McDonald's could see a pop when it reports quarterly earnings next week, according to UBS' screen. Truist on Tuesday reiterated McDonald's as buy as the Wall Street firm expects same-store sales momentum due to the Grimace birthday meal. Other consumer names Campbell , Kellogg and Kraft Heinz could also outperform in this earnings season, according to UBS.

Persons: McDonald's, Campbell, Kellogg, Kraft Heinz, — CNBC's Michael Bloom Organizations: UBS, Hasbro

☆ The best way to evaluate top and low performers during annual reviews, according to a Kellogg MBA professor
▼ + stars: | 2023-07-10 | by ( Fred Schmalz | Kellogg Insight | ) www.businessinsider.com time to read: +7 min

But leaders face a common conundrum: Should they compare members of their team relative to one another or evaluate everyone independently? It can push out otherwise excellent employees who are averse to the dog-eat-dog culture that can grow out of stack ranking systems. It is possible to take this tendency into account when designing a relative ranking system based on objective criteria. Even in isolation, stack ranking systems don't "necessarily kill collaboration, provided you incorporate collaboration into the criteria," he says. "There's this notion that you can have a healthy level of competition and still foster collaboration," Georgiadis says.

Persons: George Georgiadis, Georgiadis, gravitate, there's Organizations: Kellogg School of Management, Service, Kellogg School, GE, Microsoft Locations: Wall, Silicon

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