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☆ Morning Bid: Corporate scatter
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. A hail of mega corporate updates distracted stock markets from a confusing macro picture - but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy. The flub fed worries that the Google parent is losing ground to rival Microsoft (MSFT.O) in the renewed craze around artificial intelligence. European shares touched a fresh nine-month high on Thursday as Germany's Siemens and UK's AstraZeneca boosted earnings euphoria, while Britain's bank, commodity and pharma heavy FTSE100 hit another record high. Norway's $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.

☆ Super Bowl ads lean on stars, humor to grab attention
▼ + stars: | 2023-02-09 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

[1/3] Musician Ozzy Osbourne takes part in a Super Bowl ad for Workday, in this undated handout photo provided by Workday. Big-name celebrities are not uncommon in Super Bowl ads. A 30-second Super Bowl spot this year sold for a little over $7 million, according to a person familiar with the ad sales. “Advertisers want people talking about their brand, and not just during the 30 to 60 seconds of (Super Bowl) air time,” Rucker said. Some stars will poke fun at themselves or their careers in Super Bowl ads.

☆ Stock futures are slightly higher as investors evaluate latest batch of earnings
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly Wednesday night as investors took in more big corporate earnings reports. Futures tied to the Dow Jones Industrial Average rose 40 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each inched higher by 0.1% as well. Investors have been watching earnings season closely for insight on how companies have fared amid high inflation and clues on how they're managing going forward. On Thursday, investors are looking forward to another batch of earnings reports.

☆ Did investors learn nothing from last year’s market meltdown?
▼ + stars: | 2023-02-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of movie theater chain AMC (AMC) have soared nearly 65% so far in 2023, and AMC (AMC)’s companion preferred stock (which trades under the ticker APE as a nod to the nickname AMC (AMC) fans have given themselves on social media) has more than doubled. So did investors learn nothing from last year’s market meltdown? I don’t agree with this market rally in meme stocks,” said Erik Ristuben, chief investment strategist with Russell Investments. Another strategist agrees this recent rally for meme stocks and other speculative bets may not end well. If they’re upbeat about spending, that could keep the rally in consumer stocks going.

☆ Disney, Pepsi, Uber Set to Report During Lackluster Earnings Season
▼ + stars: | 2023-02-04 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

PepsiCo Inc., Uber Technologies Inc. and Walt Disney Co. are among the companies slated to report earnings in the coming week, during an earnings season marked by cooling demand and throttled profits. Investors will also hear from the food makers Kellogg Co. and Tyson Foods Inc., the healthcare companies CVS Health Corp. and AbbVie Inc., as well as the private-equity firms KKR & Co. and Apollo Global Management Inc. Other companies reporting earnings include PayPal Holdings Inc., S&P Global Inc. and Chipotle Mexican Grill Inc.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Take Five: The Bottom Line
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +5 min

Australia and India's central banks are navigating the shifting sands of data and markets are digesting what the world's top central banks have to offer. The question is what impact this will have on bonds and stocks markets after a stellar January? Reuters Graphics4/ RUN RALLY, RUNIt was a stellar start to 2023 for markets - stocks and government bonds enjoyed one of the best Januaries on record, fuelled by optimism that the worst is over. That's not good for a central bank, nor is the idea that their communication is ineffective. Policy rate hikes and cuts by central banks overseeing the 10 most traded currencies.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ How M&M’s is making the most of its spokescandies controversy
▼ + stars: | 2023-01-25 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

Given the outsize attention, some think M&M’s announcement is a PR stunt to hype its upcoming Super Bowl commercial. M&M’s relatively subtle changes aimed at inclusivity didn’t seem like they were designed to spark much controversy, if any. At the Washington Post, for example, an opinion piece declared “the M&M’S changes aren’t progressive. “In the last year, we’ve made some changes to our beloved spokescandies,” M&M’s said. “The original colorful cast of M&M’s spokescandies are, at present, pursuing other personal passions,” Wesley said.

☆ Morningstar: Buy these 10 cheap, high-quality stocks that pay a healthy dividend to help offset stock market losses and slowing economic growth
▼ + stars: | 2023-01-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +3 min

Dividend stocks may take center stage during rough economic conditions in 2023. Morningstar's Dave Sekera recently listed 10 cheap, high-quality dividend-paying stocks to buy now. As equity valuations slumped into an official bear market last year, high-quality dividend-paying stocks took center stage to rise above their more speculative peers. According to Morningstar chief US market strategist Dave Sekera, it's no coincidence that dividend stocks stole the show in 2022. 10 high-quality dividend payersIn the video, Sekera identified 10 high-quality stocks that are currently trading below their fair values, have high upside potential, and have a "relatively decent or healthy" dividend yield payout.

Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge on October 27, according to the Pathmatics estimates. Pathmatics said the previously unreported figures on Twitter advertising are estimates. read moreThe Pathmatics estimates show continued upheaval in Twitter's main revenue stream heading into 2023, led by a pullback from top consumer brands. Among consumer brands, Heinz ketchup maker Kraft Heinz Co(KHC.O) and Stouffers meal manufacturer Nestle SA (NESN.S) stopped all advertising, according to the Pathmatics estimates. Financial technology provider SmartAsset and Amazon.com Inc (AMZN.O) said Pathmatics estimates showing an increase in advertising were inaccurate.

☆ Conagra CFO Doesn’t See Need for Big Price Increases in Near Term
▼ + stars: | 2023-01-13 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Photo: Conagra Brands“We won’t have any more significant price increases unless our cost, our inflation estimate, starts to go back up,” Mr. Marberger said. The reading comes amid moderating price increases after a peak of 9.1% in June. I never, ever remember that kind of a price increase,” Mr. Marberger said. “They are now turning the corner and from here are going to need less rapid price increases, unless some other price shocks occur.”Conagra’s sales volumes fell 8.4% for the quarter ended Nov. 27 as customers responded to the price increases, the company said. “And that plays well for us.”Overall, Conagra’s customers—which include retailers Walmart Inc. and Kroger Co. —have accepted the price increases, Mr. Marberger said.

☆ North American Leaders' Summit wraps in Mexico City; Immigration and supply chain were in focus
▼ + stars: | 2023-01-11 | 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 EmailNorth American Leaders' Summit wraps in Mexico City; Immigration and supply chain were in focusCarlos Gutierrez, former CEO of Kellogg's and EmPath co-founder, joins CNBC's 'Squawk Box' to give his takeaways from the North American Leaders' Summit held in Mexico City this week. President Biden discussed economic cooperation, drug trafficking, migration and climate change with Mexico's López Obrador and Canada's Trudeau during the summit.

☆ 3 things to consider after a layoff — and why you shouldn't rush into another a job
▼ + stars: | 2023-01-09 | by ( Ellen Taaffe | Kellogg School Of Management At Northwestern | ) www.businessinsider.com time to read: +8 min

Many rush to find another job, missing the chance to reflect on they want and network strategically. Taaffe lays out three steps to moving beyond a layoff and preparing yourself for the next step in your career. "Talking to other people who have experienced a layoff can help you to avoid catastrophizing," Taaffe said. "After you have gone through a layoff, you tend to not let your network go dormant again," Taaffe said. One of Taaffe's former students recently shared the news of her job loss in a LinkedIn post and asked her network for help.

☆ How Kellogg Uses Standardized Benchmarks to Boost Cost Savings
▼ + stars: | 2023-01-06 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

Kellogg Co. is working to reap additional cost savings by relying more heavily on standardized performance benchmarks, a move that could prove particularly useful as the economy slows. Kellogg began using the benchmarks in 2019. WSJ: What led Kellogg to start using standardized benchmarks in 2019? Anytime we have a process change or process improvement, the process happens all over again. WSJ: How have you boosted efficiencies from using benchmarks?

☆ Conagra Brands raises 2023 forecast on price increases
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

Shares of the company, known for its brands Birds Eye and Chef Boyardee, rose about 4% in premarket trading. But people have accepted the higher prices with little push back, as they find eating out far more expensive than cooking at home. On Thursday, Conagra forecast a 7% and 8% rise in full-year 2023 organic sales, which excludes impact from foreign exchange, divested businesses and acquisitions, compared with the previous expectation of 4% to 5% growth. Conagra said its higher average selling prices boosted organic sales by 17%, offseting an 8.4% decline in sales volumes in the second quarter. Net sales rose to $3.31 billion, while analysts had expected $3.28 billion in sales.

☆ Now's the 'perfect storm' to ask for a raise, an MBA professor says. She shares 5 tips for negotiating — including giving a precise salary number.
▼ + stars: | 2022-12-29 | by ( Leigh Thompson | ) www.businessinsider.com time to read: +6 min

She said it's a great time to ask for a raise and you should quantify your achievements when you do. Gather your dataJust because it's the year's end or inflation is high doesn't ipso facto entitle you to a raise. Two weeks ago, a young woman who'd just received a promotion and small raise sought my advice on how to "raise the raise." Don't get emotional or demandingLet's face it: Salary and raise negotiations are about us — specifically, our worth. In the end, Eric put together an assertive yet reasonable bonus and raise ask, to which the company agreed.

☆ The best food marketing stunts of the year
▼ + stars: | 2022-12-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

“The Big Cheez-It Tostada and Big Cheez-It Crunchwrap are in such Big demand that our limited offer is no longer available,” the chain said. Diane Bondareff/AP Images for Fancy FeastOver the summer, Fancy Feast invited people to answer the question: What does cat food taste like? The restaurant dishes drew inspiration from Fancy Feast Medleys, cat food that is itself inspired by human food like salmon primavera and turkey florentine. The restaurant’s menu was created by Amanda Hassner, in-house chef for Fancy Feast, as well as restaurateur Cesare Casella, a Michelin star winner, according to a Fancy Feast press release. Papa JohnsAs a permanent addition to the Papa Johns menu, the no-crust, toppings-only Papa Bowls are technically not a stunt.

☆ Kellogg divests Russian operations to local snacks maker Chernogolovka
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

Dec 22 (Reuters) - Kellogg Co (K.N) said on Thursday it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company joins a long list of Western brands pulling out of the country. The Kellogg business in Russia currently represents less than 1% of the company's total net sales, a company spokesperson said, adding that sustaining its operations there has now become untenable. Founded in 1998, Chernogolovka makes snacks, energy drinks, and bottled water, and has been producing Cola Chernogolovka since May, following the suspension of sales in Russia by soda giants Coca-Cola (KO.N) and PepsiCo (PEP.O). Chernogolovka, which has also started supplying soft drinks to the Russian outlets of Burger King and KFC in April, said it has signed a binding agreement with Kellogg. Kellogg, also known for its Pop-Tarts and Pringles snacks, joins a list of Western companies that have sold their Russian assets to comply with sanctions imposed on Moscow over the Ukraine conflict.

☆ The hottest holiday gift is a massive, half pound Fruit Loop
▼ + stars: | 2022-12-17 | by ( Zoe Sottile | ) edition.cnn.com time to read: +3 min

CNN —Just in time for the holidays, artist collective MSCHF is releasing its newest playful art piece: a giant, 930-calorie, $19.99 fruit loop. The unauthorized massive fruit loop is the group’s latest lighthearted experiment with consumerism. Each one weighs “almost half a pound,” according to MSCHF’s website for the product. In an emailed statement, Kellogg spokesperson Kris Bahner told CNN that the “Big Fruit Loop” constitutes copyright infringement. “Kellogg Company does not have a relationship with MSCHF and we were not involved in the creation of the Big Fruit Loop.

☆ US consumers pulled back their spending last month as inflation took a toll
▼ + stars: | 2022-12-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Pullbacks in auto sales helped drive the decline — the largest monthly decrease seen all year — but even excluding autos, monthly sales declined by 0.2%, despite cooling inflation. Economists had expected monthly sales to shrink by 0.1%, down from October’s 1.3% increase, according to consensus estimates on Refinitiv. Retail sales, which are not adjusted for inflation, were up 6.5% in November from the year prior, according to the report. That’s the slowest year-over-year retail sales growth since 2020, said Ted Rossman, senior industry analyst for Bankrate. “Credit card rates going up could cause more of a contraction, but hopefully [the Fed] gets a nice feather landing.”This story is developing and will be updated.

☆ Waffle-maker Eggo fined $85K over toxic gas release at California factory
▼ + stars: | 2022-12-14 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Waffle-maker company Eggo has been fined $85,000 after being convicted of negligently releasing toxic ammonia from a factory in San Jose, California, prosecutors announced. Prosecutors said anhydrous ammonia is a toxic gas that can cause “severe injury or death.”Eggo managers failed to call 911 until over an hour passed, believing they had stopped the leak. During the delay, 3,400 pounds of anhydrous ammonia escape the factory into the surrounding neighborhood, prompting residents to shelter in place for several hours until the leak was stopped, prosecutors said. “Public safety and the environment are threatened with every passing minute in these cases,” Deputy District Attorney Jason Bussey said. “When companies fail to immediately report a release, they face serious consequences.”Since the fiasco, Eggo has cooperated with regulatory authorities and is upgrading its systems and procedures to prevent future gas releases, prosecutors said.

☆ Candy maker Ferrero to buy Halo Top owner, expanding North American business
▼ + stars: | 2022-12-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Candy maker Ferrero is buying Wells Enterprises, the ice cream giant that owns Blue Bunny, Blue Ribbon Classics and Halo Top. Comfort food staples like ice cream and candy saw their sales soar during the pandemic as consumers looked for ways to treat themselves. For its part, Ferrero reported global consolidated revenue of 12.7 billion euros ($13.3 billion) in its fiscal year ended Aug. 31, 2021. Wells Enterprises was founded in 1913 and has grown to be the second-largest ice cream company in the U.S., trailing only Ben & Jerry's owner Unilever . Wells makes more than 200 million gallons of ice cream annually and has more than 4,000 employees.

☆ Congress is unwilling to trust the private sector on immigrant hiring, says Carlos Gutierrez
▼ + stars: | 2022-12-07 | 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 EmailCongress is unwilling to trust the private sector on immigrant hiring, says Carlos GutierrezCarlos Gutierrez, former CEO of Kellogg’s and EmPath co-founder, joins CNBC's 'Squawk Box' to discuss the need for immigration reform in the U.S.

☆ A Harvard Business School grad who now works at Google shares how she got into the top MBA program
▼ + stars: | 2022-12-07 | by ( Brina Patel | ) www.businessinsider.com time to read: +10 min

Olivia Melendez graduated from Harvard Business School in May and is a product manager at Google. Plus, I had always heard that MBA programs prefer that candidates have three to four years of work experience before starting a full-time program," Melendez said. In addition to HBS, she applied to several other top-tier programs, including the Stanford Graduate School of Business, Wharton Business School, and Kellogg School of Management, all of which she was admitted to. Melendez said she used the admissions essay as a chance to tie together pieces of her background that needed additional context. For anyone struggling with the admission essay, Melendez recommended an exercise she learned at MLT.

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