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Stock Chart Icon Stock chart icon DigitalBridge's year-to-date stock performance. Stock Chart Icon Stock chart icon Pactiv Evergreen's year-to-date stock performance. Stock Chart Icon Stock chart icon Anheuser-Busch's year-to-date stock performance. Stock Chart Icon Stock chart icon SoundHound AI's year-to-date stock performance. watch nowJim Cramer's Guide to Investing Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.
Persons: It's, Pactiv, SoundHound, Jim Cramer's Organizations: Anheuser, Busch, Constellation Brands, Nvidia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: SoundHound AI is an Nvidia play, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: DigitalBridge Group, Pactiv Evergreen, Anheuser-Busch, and SoundHound AI.
Persons: Jim Cramer Organizations: Nvidia, DigitalBridge, Evergreen, Anheuser, Busch
New York CNN —Julia Galliker learned out of the blue that there was a problem with milk carton supplies. For Galliker, executive vice president of the Pennsylvania-based Galliker Dairy Company, that’s a big problem. The little milk cartons go not only to schools, but to other institutions like nursing homes and correctional facilities. “Like other milk carton producers across the industry, Pactiv Evergreen continues to face significantly higher than projected demand,” a company spokesperson said in a statement. “So there’s really not been any replacement for school milk cartons.”
Persons: Julia Galliker, there’s, Galliker, , she’s, “ There’s, “ It’s, ” Galliker, , aren’t, , Matt Herrick, it’s, ” Seth Teply Organizations: New, New York CNN, Galliker Dairy Company, Department, Agriculture, Nutrition Service, Department of Agriculture, Food and Drug Administration, CNN, Industry, International Dairy Foods Association, USDA, Springville, Griffith Institute Central School District, Tetra Pak, Tetra, , American Dairy Association North Locations: New York, Pennsylvania, United States, Springville , New York, Everett , Washington, Tetra, Canada
The tiny, half-pint cartons of milk served with millions of school lunches nationwide may soon be scarce in some cafeterias, with districts across the country scrambling to find alternatives. The problem is not a shortage of milk itself, but the cardboard cartons used to package and serve it, according to dairy industry suppliers and state officials. The shortage is affecting the company’s ability to “fully supply some school milk orders,” according to Matt Herrick, spokesperson for the International Dairy Foods Association. In Clarence, New York, local school district officials told parents they plan to provide “small bottles of water or cups of milk with lids” if the cartons run out. In Everett, Washington, school officials told parents to expect a disruption in cafeteria milk supply that could “range up to several months.”Herrick said U.S. milk processors are working with other package suppliers to resolve the shortage.
Persons: North America ”, , Matt Herrick, , Jayme Taylor, , ” Herrick Organizations: International Dairy Foods Association . School, U.S . Department of Agriculture, Nutrition Service, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Lake Forest , Illinois, North America, New York , Pennsylvania, California, Washington, U.S, Clarence , New York, Lake Stevens , Washington, Seattle, , Everett , Washington
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. 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.
Rising interest rates are boosting corporate pension plans, providing finance chiefs with an option to lighten their companies’ balance sheets and transfer obligations to insurers. PREVIEWWhen interest rates rise, liabilities for defined-benefit plans—a type of pension plan that promises fixed amounts to participants—shrink. They can also move just a portion of their pension obligations, but that still requires a high funding status. “If interest rates level off or decrease, the funded status could fall pretty quickly,” said Matt McDaniel, a partner at Mercer who advises companies on pension risk transfers. Recent stock market declines have hurt some defined-benefit pension plans invested in publicly traded equities, Mr. McDaniel said.
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