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☆ A Panel-by-Panel Life of the Man Who Created Charlie Brown
▼ + stars: | 2023-08-25 | by ( Jeff Smith | ) www.nytimes.com time to read: +2 min

FUNNY THINGS: A Comic Strip Biography of Charles M. Schulz, written by Luca Debus and Francesco Matteuzzi. Illustrated by Luca Debus. Charles M. Schulz was a complicated man. “Funny Things,” the new hand-drawn biography of Schulz by Luca Debus and Francesco Matteuzzi, doesn’t shy away from these other traits. Fortunately (and this becomes clear in “Funny Things” almost immediately), “Peanuts” was all that to Debus and Matteuzzi, too.

Persons: Charles M, Schulz, Luca Debus, Francesco Matteuzzi, Charlie Brown, Lucy Van Pelt, Sparky, Michelangelo, “, Moby, Dick ”, ”, Jeannie ”, Mister Ed, Dagwood, Snoopy, Bone, Debus

☆ Carbon accounting was red hot in 2021. Now it's facing widespread consolidation, investors say.
▼ + stars: | 2023-08-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Carbon accounting startups peaked in 2021, raising over $5 billion from investors. The rise of carbon accountingThere are around 50 European carbon accounting companies, many of which didn't exist before 2019, according to Insider's own research. Venture capitalists are typically bullish on SaaS because it can scale quickly with few overheads, which is the promise many carbon accounting companies make. Carbon accounting business models often fell short of true SaaS scalability and instead relied on employees doing tasks manually, despite touting automation, investors said. The next generation of carbon accounting companies should be hyper-focused on one niche – for example, accounting for methane in the agricultural industry or water use.

Persons: Niklas Kaskeala, Antero Vartia, grimly, Kaskeala, That's, Namrata Sandhu, Luca Schmid, ClimateTrade, Germany's, Australia's Envizi, EcoOnline, Germany's Planetly, Buyers aren't Organizations: Sequoia, Octopus Ventures, Cherry Ventures, Balderton, Investors, Venture, Germany's TeamClimate, Watershed, IBM, Sage, SoftBank, KPMG, Enterprise, SAP, Oracle Locations: Helsinki, Finnish, Coatue, Europe, Zalando, London

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ The Secret to Tender Steak Is Already In Your Pantry
▼ + stars: | 2023-08-17 | by ( Kitty Greenwald | ) www.wsj.com time to read: 1 min

RAISE THE STEAKS Marinating can enliven meat, but to prevent overpowering flavors, don’t let pieces sit for more than a few hours. Photo: Emma Fishman for The Wall Street Journal, Food Styling by Pearl Jones, Prop Styling by Stephanie De Luca

Persons: Emma Fishman, Pearl Jones, Stephanie De Luca Organizations: Wall Street

☆ What’s Too Casual for Work in 2023? ‘You Can Get Away With More Now.’
▼ + stars: | 2023-08-11 | by ( Ashley Ogawa Clarke | ) www.wsj.com time to read: 1 min

WE KNOW this much: The lines between what many guys wear for work and play keep blurring. Office dress-codes seem to dissolve by the day. “Smart casual means something very different in 2023 than it did in 2019,” said Los Angeles stylist Luca Kingston. “You can get away with more” at work now, he added.

Persons: “ Smart, ”, Luca Kingston Organizations: WE Locations: Los Angeles, “

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Persons: Dow Jones

☆ What the Street missed in earnings at Apple and Amazon — and where shares go next
▼ + stars: | 2023-08-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

In one quarter — one off-cycle quarter that didn't feature a no new iPhone — Apple (AAPL) delivered a whopping $81.8 billion in sales. I came up with "own it, don't trade it" for Apple because there have been so many quarters like this one. The people who sold Apple shares on Friday no doubt sold it on their Apple devices. I would be more worried if Apple's customer satisfaction went down than I am that iPhone sales lagged. Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.

Persons: Tim Cook, Luca Maestri, Tim, Jensen, da, Huang, Andy Jassy, Roku, Jassy, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, ESPN, Amazon, Web Services, Nvidia, Services, Walmart, Oracle, Amazon Web, Google, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: Indonesia, India, Philippines, Mexico, Turkey, Texas, New Jersey, Cupertino , California

☆ A Love Letter to Hip-Hop
▼ + stars: | 2023-08-05 | by ( Veronica Chambers | More About Veronica Chambers | ) www.nytimes.com time to read: +1 min

This article is also a weekly newsletter. To celebrate hip-hop’s birthday, the Projects and Collaborations team asked Mahogany L. Browne, Lincoln Center’s first-ever poet-in-residence and an acclaimed author, to write a love letter to the genre, composed entirely of lyrics both oft recited and obscure. In the resulting interactive piece, which is full of stunning archival photography, we’ve annotated the lyrics with information about the artists, songs and their significance in the history of hip-hop. “Each of the audio clips represents a voice, a feeling, a moment in the 50-year evolution of the music. “From the start we knew the conceit was to use lyrics and this found poetry structure, but how does that look on the page?” Fang said.

Persons: Mahogany, Browne, Lincoln Center’s, Browne “, ” Marcelle Hopkins, Alice Fang, Antonio de Luca, ” Fang, Fang, de Luca

☆ Apple shares slide after it reports decreased revenue for iPhone and other hardware
▼ + stars: | 2023-08-04 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook speaks with media members at a viewing area for new products during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Shares of Apple fell 4.8% Friday after the company reported lower year-over-year revenue for its flagship products in its third quarter earnings report. Apple said revenue for its iPhone, Mac and iPad lines was down from the year before. Still, Apple beat estimates on earnings per share, which came in at $1.26 compared to the $1.19 analysts had expected, according to Refinitiv. During the company's earnings call Thursday, Apple's stock dipped lower when CFO Luca Maestri told analysts they expected similar sales results in the following quarter.

Persons: Tim Cook, Luca Maestri, Maestri, —, Kif Leswing Organizations: Apple, Apple's Worldwide, Revenue Locations: Cupertino , California, Refinitiv, iPhones, India

☆ Analysts see more gains for Apple going forward, but some warn of mounting headwinds
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple stock was trading lower after quarterly results. Apple doesn't provide official forward guidance and has not done so since 2020 over macroeconomic uncertainty. Morgan Stanley's Erik Woodring reiterated an overweight rating on Apple but lowered his price target to $215 from $220. Bank of America's Wamsi Mohan remained neutral on Apple, accompanied by a $210 price target that equates to roughly 10% upside. Rakers maintained an overweight rating on Apple stock with a $225 price target, or about 18% upside from Thursday.

Persons: Apple, Luca Maestri didn't, Apple doesn't, Morgan Stanley's Erik Woodring, Woodring, Morgan Stanley, America's Wamsi Mohan, Mohan, Citi's Atif Malik, Malik, Wells, Aaron Rakers, JPMorgan's Samik Chatterjee, Chatterjee, Goldman Sachs, Michael Ng, Apple's, Ng, — CNBC's Michael Bloom Organizations: Apple, America's

☆ Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

Executives said iPhone sales would improve in the fourth quarter, but did not say how much. Weaker iPhone sales were balanced by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That sales forecast is below analyst expectations of roughly flat fiscal fourth-quarter sales of $90.19 billion, according to Refinitiv data. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Luca Maestri, Daniel Newman, Maestri, Tim Cook, We've, We're, Cook, Apple, Jeremy Goldman, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Wall, Apple, Android, Futurum, Reuters, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, CHINA, San Francisco, Bengaluru

☆ Apple’s sales fall for the third consecutive quarter
▼ + stars: | 2023-08-03 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

The company said its services revenue reached a new all-time high of $21.2 billion. The services business — which includes Apple Music and Apple TV+ — is an increasingly important revenue driver for Apple. iPhone revenue came in at $39.7 billion for the quarter, marking an approximately 2% year-over-year decline. Mac revenue was $6.8 billion for the quarter, a 7% drop, and iPad revenue was down nearly 20%. Apple’s June quarter is typically the slowest of the year for the tech giant, which usually unveils new iPhone models in September.

Persons: CNN — Apple, Tim Cook, ” Cook, Cook, “, we’ll, Apple’s, ” Jesse Cohen, Luca Maestri Organizations: CNN, Apple Music, Apple, Air, Services, Global, Gartner, IDC

☆ Apple's most profitable line of business is making up for some hardware struggles
▼ + stars: | 2023-08-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple's third-quarter earnings report on Thursday showed a revenue decline in the company's most iconic hardware products — iPhone, iPad and Mac. But offsetting the hardware softness is accelerating growth in services, Apple's most profitable business. In the June quarter, services grew over 8% to $21.2 billion in sales, speeding up from 5.5% the prior period. Gross margin for services in the June quarter was 70.5%, almost double the 35.4% margin for all of Apple's hardware products. Apple won't set growth records for its services business, which topped 38% at one point during the pandemic.

Persons: Tim Cook, Luca Maestri, they're, Maestri Organizations: Apple

The loss was a result of the closure of its Russian operations in the wake of Moscow's invasion of Ukraine. The previous margin record was set in the second-half of 2017, when it stood at 7%. Renault aims to reach an 8% margin by 2025 and 10% by 2030. The French carmaker on Wednesday agreed with Nissan (7201.T) on a new structure for their decades-old partnership. The Japanese group will invest up to $663 million in Renault's planned electric unit Ampere, while the French carmaker will reduce its Nissan stake to put their relationship on equal footing.

Persons: Luca de Meo, Victor Goury, Gilles Guillaume, Kirsti Knolle, Sharon Singleton Organizations: Renault, TECH Electric, Peugeot, Citroen, Nissan, Volkswagen, Thomson Locations: Dacia, Ukraine, French

☆ Crabs, Corn, Butter: This 3-Ingredient Feast Is a Summer Weekend Showstopper
▼ + stars: | 2023-07-27 | by ( Kitty Greenwald | ) www.wsj.com time to read: 1 min

IN A PINCH If you’re unsure how long to steam crabs, crack a large shell before draining the pot: If the flesh is opaque, it’s done cooking. Photo: Emma Fishman for The Wall Street Journal, Food Styling by Pearl Jones, Prop Styling by Stephanie De Luca

Persons: Emma Fishman, Pearl Jones, Stephanie De Luca Organizations: Wall Street

Delivering affordable electric vehicles (EVs) has become a priority for car makers worldwide as the shift to cleaner driving has come with high prices, due largely to battery costs. In 2022, Chinese car makers had a 9% share of Europe's EV market, nearly double the previous year's figure, according to forecasts by consultancy Inovev. Tavares said Western car makers needed to use "the same weapons" as their Chinese rivals, sourcing parts in lower cost countries and striking partnerships with battery suppliers that offer the best combination of energy, cost and weight. Once-dominant Western automakers are also striving to regain ground in China itself, the world's largest car market, after losing share to local manufacturers. Mercedes-Benz (MBGn.DE) said on Thursday it was sticking to its strategy and would not engage in a price war to "buy" market share in China.

Persons: France's, Thierry Pieton, Luca de Meo, Tesla, Carlos Tavares, Tavares, Mercedes, Ola Kaellenius, Kaellenius, Victoria Waldersee, Silvia Aloisi, Mark Potter Organizations: Western, France's Renault, Finance, Renault, SAIC, Inovev, Jato, Tesla, Peugeot, Fiat, Benz, Mercedes, Thomson Locations: Europe, U.S, Western, China, Berlin

Still, money market traders are split on the odds of another increase later in the year.FEDWATCH"The 25 basis point rise is a done deal. "The risk is that the Fed, looking at market bullishness, may not want to sound too dovish - they may want to keep the door open for more rate hikes." The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, was flat. In Hong Kong, the Hang Seng index (.HSI) was down 0.3% and China's blue chip CSI300 index (.CSI300) was off 0.2%. Positive sentiment had returned to China's market on Tuesday, when the CSI 300 Index snapped a six-day losing streak.

Persons: Luca Paolini, Alison Rose, Nigel Farage's, We're, David Chao, Tom Wilson, Scott Murdoch, Jamie Freed, Kim Coghill Organizations: Fed, Federal, Pictet Asset Management, NatWest, BBC, Lloyds, CSI, ECB, Brent, Thomson Locations: SYDNEY, U.S, Germany, France, Britain, CHINA, Asia, Pacific, Japan, Hong Kong, London, Sydney

☆ LVMH shares fall as second-quarter sales fail to impress
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 26 (Reuters) - Shares in LVMH (LVMH.PA) fell sharply on Wednesday as analysts said that an in-line increase in sales at the world's top luxury indicated the overall sector was moving towards a less impressive path of growth. LVMH shares were down 3.7% in early session trading, also dragging down the shares of its rival Kering (PRTP.PA). The 17% increase at constant exchange rates was a touch better than analyst expectations for 16% growth. LVMH's leather goods division, home to Vuitton and Dior, grew revenues by 21%, also just above the expected 20% increase. LVMH also reported a 1% fall in U.S. sales as appetite for high-end fashion and leather goods slowed there, particularly among less wealthy shoppers, and lower-than-expected margins due to high marketing spending.

Persons: JP Morgan, LVMH, Louis Vuitton, Hennessy, Tiffany, Luca Solca, Bernstein, Sudip Kar, Silvia Aloisi Organizations: JP, Dior, Vuitton, Thomson Locations: U.S

☆ What ‘The Bear’ Gets Right About Chicago
▼ + stars: | 2023-07-26 | by ( Nicholas Cannariato | ) www.nytimes.com time to read: +3 min

But “The Bear” captures something real about the city’s dining culture — and, more broadly, what you might call the geography of ambition. This is the kind of chef we see Carmy transforming into, and the kind of chef we’re shown surrounding him. In another second-season scene, Sydney has a video chat with the pastry chef Marcus, who has gone to Copenhagen to hone his skills. Marcus receives his own lesson about ambition when he asks Luca, the chef he’s studying under, how he got so good. He came to see this as a good thing: “I could take that pressure off myself.

Persons: Sydney Adamu, “, don’t, Carmy, we’re, Donnie Madia, Marcus, ”, Mike Krzyzewski, Luca Organizations: Michelin, Sydney, “, Duke, ” Locations: New York, “ New York, Chicago, Sydney, Copenhagen

☆ Venice film fest attracts top names despite Hollywood strikes
▼ + stars: | 2023-07-25 | by ( Crispian Balmer | ) www.reuters.com time to read: +4 min

Although many stars will miss the traditional red carpet openings for big studio productions, Venice artistic director Alberto Barbera still managed to attract a slew of top movies to the Lido. The world's oldest film festival, regarded as a launchpad for Oscar contenders as awards season approaches, features movies from 55 countries, including 23 titles running for the prestigious Golden Lion award. The SAG-AFTRA guild called the strike this month after failing to reach an agreement with studios on a new three-year contract. Barbera said he hoped stars of smaller independent movies would be able to publicise their work in person regardless of the stoppage. Both Allen, with his French language picture "Coup De Chance", and Polanski, with "The Palace" will show out of competition.

Persons: Bradley Cooper, Karl Lagerfeld, Andrew Kelly, Alberto Barbera, Yorgos Lanthimos, David Fincher, Michael Mann, Sofia Coppola, Ava DuVernay, Wes Anderson, Woody Allen, Roman Polanski, Luc Besson, MeToo, Besson, Oscar, Barbera, Luca Guadagnino, Zendaya, Maestro, Leonard Bernstein, Cooper, Priscilla, Elvis Presley's, Cailee Spaeny, Ferrari, Mann, Adam Driver, Enzo Ferrari, Penelope Cruz, Emma Stone, Mark Ruffalo, Allen, Chance, Polanski, Anderson, Henry Sugar, Roald Dahl, Benedict Cumberbatch, Ralph Fiennes, Dev Patel, Ben Kingsley, Crispian Balmer, Alison Williams Organizations: Metropolitan Museum, Art's, REUTERS, Hollywood, Golden Lion, SAG, Netflix, Lion, Thomson Locations: New York City , New York, U.S, Venice, ., Italian, American, United States

☆ Constellation Brands is in the midst of a transformation. How activist Elliott may build value
▼ + stars: | 2023-07-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. Constellation Brands produces and markets beer, wine and spirits, but it's essentially a beer company with 85% of its revenue coming from beer sales. Moreover, it is not just a niche beer business anymore. First, the company has traded at a discount because of the dual-class share structure that allowed the Sands family to control Constellation. This leaves a core beer business that can now be operated without unnecessary distractions.

Persons: Elliott, William T, Giles, –, Luca Zaramella, Sands, Bill Newlands, Rob Sands, missteps, Ken Squire Organizations: Constellation, Mondelez, Constellation Brands, Modelo Especial, Anheuser, Busch, Modelo, Coors, Budweiser, Eastern Seaboard, 13D Locations: COOs, U.S, Mexicali, Mexico

☆ Europe weather: 110 people injured by tennis ball sized hail in Veneto, Italy
▼ + stars: | 2023-07-20 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

CNN —At least 110 people have been injured after tennis ball-sized hail rained down on a region of northern Italy overnight Wednesday. In a surprise storm, hailstones of up to 10 cm in diameter pelted the streets of Veneto, according to regional president Luca Zaia. Emergency services responded to more than 500 calls for help due to damage to property and personal injuries, the Veneto regional civil protection said. The Italian Meteorological Society named the latest heat wave Cerberus after the three-headed monster that features in Dante’s Inferno as a guard to the gates of hell. “The earth has a high fever and Italy is feeling it firsthand,” Luca Mercalli, head of the Italian Meteorological Society, told CNN.

Persons: Luca Zaia, ” Zaia, ” Luca Mercalli, Emilia Romagna, ‘ Organizations: CNN, Workers, Sky24, Italian Meteorological Society Locations: Italy, Veneto, Europe, Spain, Greece, Rome, Italian, Emilia

☆ CNBC Daily Open: Markets care more about expectations than numbers
▼ + stars: | 2023-07-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Prior to the start of the second-quarter earnings season, investor relations departments and analysts massaged expectations downwards. More than three quarters of S&P companies that have reported results have exceeded expectations, according to FactSet data. "Right now, short-term optimism is higher than we've seen since December 2021, right before the start of the 2022 bear market."

Persons: Goldman Sachs, Michael Nagle, Goldman, Darla Mercado, Gina Francolla, Tom De Luca, De Luca, we've Organizations: Bloomberg, Getty, CNBC, Dow Jones, Nasdaq, Vanguard Locations: New York

☆ Nasdaq 100 futures slip Wednesday evening after Netflix posts results: Live updates
▼ + stars: | 2023-07-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 19, 2023. Nasdaq 100 futures slipped Wednesday evening after Netflix posted its latest quarterly results. Dow futures and S&P 500 futures slipped by 0.1% and 0.3%, respectively. Meanwhile, the S&P 500 gained 0.2%, while the tech-heavy Nasdaq Composite ticked up by 0.03%. Johnson & Johnson , Travelers , American Airlines and Blackstone are set to report earnings Thursday before the bell.

Persons: Dow, Tom De Luca, we've, Johnson Organizations: New York Stock Exchange, Nasdaq, Netflix, Dow, Vanguard, Johnson, American Airlines, Blackstone Locations: New York City

☆ Opinion: ‘A nasty smell that lingers in the nostrils.’ What it’s really like inside Italy’s hellish heatwave
▼ + stars: | 2023-07-18 | by ( Opinion Silvia Marchetti | ) edition.cnn.com time to read: +6 min

But this year the usual “solleone” (an Italian term used to indicate the hottest summer days) is overwhelming. The dizzying heat is expected to peak early this week, with temperatures climbing above 45 degrees Celsius (113 Fahrenheit). It’s not just Italy suffering, with the giant oven of hot air blasting other parts of southern Europe, like Greece and Spain. Experts are warning temperatures might even break the continent’s record of 48.8 degrees Celsius (118.4 degrees Fahrenheit), set two years ago. A sign outside a pharmacy in Rome displays 45 degrees Celsius (118.4 degrees Fahrenheit) temperatures as Italy -- and southern Europe -- braces for even higher numbers this week.

Persons: Silvia Marchetti, Read, it’s, Silvia Marchetti Silvia Marchetti, It’s, Guglielmo Mangiapane, –, Riccardo De Luca, ’, Dante, I’ve Organizations: CNN, Italy CNN, Anadolu Agency, Twitter, Facebook, Housewives Locations: Rome, Capena, Italy, Europe, Greece, Spain, Italian, Roman, UAE

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