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The groups said on Friday they are escalating their pressure and demanding brands pull their Twitter ads globally. Staff who worked in engineering, communications, product, content curation and machine learning ethics were among those impacted by the layoffs, according to tweets from Twitter staff. Shannon Raj Singh, an attorney who was Twitter's acting head of human rights, tweeted on Friday that the entire human rights team at the company had been cut. Musk tweeted that his team had made no changes to content moderation and done "everything we could" to appease the groups. Employees of Twitter Blue, the premium subscription service that Musk is bolstering, were also let go.

☆ Premarket stocks: Interest rates will keep rising. How high will they go?
▼ + stars: | 2022-11-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: No one can move markets like Federal Reserve Chair Jerome Powell — with just a few words on Wednesday he crushed investors’ hopes of an interest rate pivot and sent stocks plunging. “Our decisions will depend on the totality of incoming data and their implications for the outlook for economic activity and inflation,” Powell said on Wednesday. The United Kingdom will face hard economic times and elevated interest rates well into next year, officials warned this week. That will require more interest rate hikes in the coming months, warned policymakers. Several Twitter employees have already filed a class action lawsuit claiming that the layoffs violate the federal Worker Adjustment and Retraining Notification Act.

☆ Volkswagen tells brands to pause paid advertising on Twitter
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, Australia, October 8, 2015. REUTERS/David GrayHAMBURG, Nov 4 (Reuters) - Volkswagen (VOWG_p.DE) on Friday said it has recommended to its brands to pause paid advertising on Twitter until further notice in the wake of Elon Musk's takeover of the social media platform. "We are closely monitoring the situation and will decide about next steps depending on its evolvement," Europe's top carmaker said in a statement. The comments by Volkswagen group, which covers the VW, Seat, Cupra, Audi, Lamborghini, Bentley, Ducati and Porsche (P911_p.DE) brands, echoes similar remarks from other firms, including GM (GM.N) and General Mills Inc (GIS.N). Reporting by Jan Schwartz; Writing by Christoph SteitzOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk says Twitter has had 'massive' revenue drop as advertisers pause spending
▼ + stars: | 2022-11-04 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Twitter has suffered a "massive drop in revenue" because of advertisers pausing advertising on the social media platform, Elon Musk, the new owner of the company, said Friday. In recent days, a number of companies said they would temporarily pause their advertising spending on Twitter to see how things would change there under Musk's ownership. Tesla competitors General Motors and Audi, and food titan General Mills are among the companies that have paused Twitter spending after Musk completed his $44 billion acquisition on October 28. Ad giant IPG advised clients to temporarily pause their Twitter media plans as well.

☆ Musk says Twitter saw revenue slump as activist groups pressured advertisers
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

Nov 4 (Reuters) - New owner Elon Musk said on Friday that Twitter Inc had seen a "massive" drop in revenue and blamed activist groups pressuring advertisers. The world's richest person, who took control of the social media company last week, said the decline came "even though nothing has changed with content moderation and we did everything we could to appease the activists." Twitter recorded a fall in revenue in its last reported quarterly results in July, blaming Musk's $44 billion buyout proposal and a weakening digital advertising market. At a presentation for advertisers in May, some ad agencies and brands were already skeptical on concerns that Musk would scale back content moderation and security protection on the platform. read moreTwitter will form a content moderation council "with widely diverse viewpoints", Musk tweeted last Friday, adding that no major content decisions or account reinstatements will happen before the council convenes.

☆ Companies are suspending ads on Twitter after Elon Musk's takeover. Here's the full list of brands pressing pause on advertising.
▼ + stars: | 2022-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

"As always, we will continue to monitor this new direction and evaluate our marketing spend," a spokesperson for General Mills told The Wall Street Journal. As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising. VolkswagenVolkswagen has reportedly taken similar steps and pulled its ads from the social media platform, per The Wall Street Journal's anonymous sources. Jakub Porzycki/NurPhoto via Getty ImagesAccording to the report, Oreo maker Mondelez International has also suspended advertising on Twitter for the time being. Interpublic GroupMajor advertising agency Interpublic Group has also advised clients to pause spending on Twitter advertising during the company's "chaotic" interim.

☆ Elon Musk says activist pressure on Twitter advertisers is an attempt to 'destroy free speech in America'
▼ + stars: | 2022-11-04 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +1 min

Elon Musk said pressure on advertisers to boycott Twitter was an attempt to "destroy free speech." Companies including Pfizer and General Motors have reportedly paused their ads on the platform. They're trying to destroy free speech in America," Musk added. Companies including General Motors, Pfizer, General Mills and Volkswagen have reportedly paused their advertising on Twitter following Musk's takeover. Musk and Twitter did not immediately respond to Insider's request for comment.

CNN —Elon Musk said Friday that Twitter has seen a “massive drop in revenue,” as a growing number of advertisers pause spending on the platform in the wake of his $44 billion acquisition. On Friday, organizations including the Anti-Defamation League, Free Press and GLAAD, upped their pressure campaign for more brands to rethink advertising on Twitter. Musk, known as both an innovative entrepreneur and an erratic figure, has promised to rethink Twitter’s content moderation policies and undo permanent bans of controversial figures, including former President Donald Trump. Most marketers bristle at the thought of having their ads run alongside toxic content such as hate speech, pornography or misinformation. Ad buying giant Interpublic Group, which works with consumer brands such as Unilever and Coca Cola, earlier this week also recommended its clients pause advertising on the platform.

☆ General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads
▼ + stars: | 2022-11-03 | by ( Suzanne Vranica | Patience Haggin | ) www.wsj.com time to read: 1 min

Food company General Mills Inc., Oreo maker Mondelez International Inc., Pfizer Inc. and Volkswagen AG’s Audi are among a growing list of brands that have temporarily paused their Twitter advertising in the wake of the takeover of the company by Elon Musk, according to people familiar with the matter. Some advertisers are concerned that Mr. Musk could scale back content moderation, which they worry would lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty at the company as top executives exit and Mr. Musk considers a raft of changes, some of the people said.

☆ In closed-door meeting, Elon Musk tells 100 top ad execs that he will improve brand safety on Twitter and that he will personally oversee its new video product
▼ + stars: | 2022-11-03 | by ( Lara O'Reilly | Lindsay Rittenhouse | ) www.businessinsider.com time to read: +3 min

Elon Musk spoke on Thursday with more than 100 advertisers and ad agency executives in a virtual meeting to reassure them that Twitter will remain safe to advertise on, following his takeover. The Washington Post reported earlier this week that Musk's Twitter is working on a paid-for video feature, in which creators could charge viewers for access. One advertising executive who met with Musk earlier this week said Musk "said all the right things" on the topic of brand safety. Musk had also said that Twitter could be using its data in a more efficient way to improve results for advertisers. General Mills, Mondelez, Pfizer, and Audi all paused ads on Twitter, according to The Wall Street Journal.

☆ Cheerios maker General Mills pauses advertising on Twitter
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: 1 min

Nov 3 (Reuters) - General Mills Inc (GIS.N) has paused advertising on Twitter, a company spokesperson said on Thursday, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. "We will continue to monitor this new direction and evaluate our marketing spend," the spokesperson added. The company, known for its Cheerios and Lucky Charms cereals, joins top U.S. automaker General Motors Co (GM.N), which last week said it had temporarily halted paid advertising on Twitter. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Cheerios maker General Mills, Audi of America pause advertising on Twitter
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellyNov 3 (Reuters) - General Mills Inc (GIS.N) and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. "We will continue to monitor this new direction and evaluate our marketing spend," a General Mills spokesperson said. Audi of America, the Herndon, Virginia-based U.S. unit of Audi - a Volkswagen Group (VOWG_p.DE) brand - said it would "continue to evaluate the situation." The two companies join top U.S. automaker General Motors Co (GM.N), which last week said it had temporarily halted paid advertising on Twitter.

☆ Oreo maker Mondelez lifts 2022 forecasts as snack demand holds up
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Mondelez International Inc (MDLZ.O) raised its full-year sales and profit forecasts on Tuesday, betting that consumers would continue to purchase its chocolates and biscuits despite higher prices. Shares of the Chicago-based snack maker rose about 2% in aftermarket trading. The Oreo maker said it now expects 2022 organic net revenue to increase more than 10%, compared with its prior estimate for a more than 8% jump. It forecast 2022 adjusted profit to grow over 10%, on a constant-currency basis, compared with its previous expectation for mid-to-high single-digit growth. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Premarket stocks: Why America's job market hasn't imploded
▼ + stars: | 2022-11-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Mortgage rates are at their highest levels since 2002, consumer spending and business investment is falling and the Federal Reserve is fighting persistent inflation with higher interest rates. “While job openings should continue to fall in the months ahead, the fact that they remain well above normal levels should continue to support strong job growth, possibly all the way into 2023,” said David Kelly, chief global strategist at JPMorgan Funds. The job market is good for workers but it’s not good for inflation. The problem is that this time around, the shape of the job market is different. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ Cramer's lightning round: Stay long on CF Industries
▼ + stars: | 2022-10-18 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

I say, stay long." Loading chart...Dutch Bros Inc : "I want you to put half the position on now, and then half when it goes below $30. I'm going to have to say, once again, [don't buy.]" Loading chart...Cano Health Inc : "I like the healthcare space, I think they do quality healthcare work, and I'm going to have to say that I think it's worth buying." I have to say, [don't buy]."

☆ This pandemic consumer trend is still going strong. How to get behind it
▼ + stars: | 2022-10-16 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +4 min

As CNBC Pro has previously reported, pet ownership in the U.S . is booming, and will help sustain a higher level of sales in the coming years. However, that 4% increase in pet ownership has resulted in an 11% gain in pet spending, it said. "Despite now being [circa] 30 months away from the start of the pandemic, pet care is still going strong," AllianceBernstein analysts wrote. That pace is faster than 8% global growth rate from 2021 to 2022 predicted by Euromonitor and Bernstein analysis, the report said. It owns Diana Pet Foods, and is the leading pet food ingredients company.

☆ Jim Cramer gives his take on General Mills
▼ + stars: | 2022-10-11 | 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 EmailJim Cramer gives his take on General MillsCramer gave his thoughts on the company and its stock on Tuesday.

☆ Cooling demand means raising prices becomes a test of how well companies know their customers
▼ + stars: | 2022-09-28 | by ( Robert Hum | ) www.cnbc.com time to read: +6 min

As the country reopened after pandemic closures, price hikes were essentially a sure bet. Will those price hikes be as big in magnitude as previous ones? Or do companies attempt to stimulate sales by cutting prices — but at the risk of eroding margins? On Thursday afternoon, it will be worth keeping a close eye on Micron and Nike to see what they have to say about pricing, margins and demand dynamics. Given the current situation, don't rule out future price hikes too from the food maker.

☆ This market is not the dot-com crash or the financial crisis. Here's how to play it
▼ + stars: | 2022-09-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +21 min

The S & P 500 never really got out of control back then — and, relative to bonds, it didn't either. The Fed chairman, correctly, feared the economy was going to crash, and he would have been right. I think that's certainly how people act. I think that most participants have decided there's no hope and they are using an analogue that's 2000-2001 (dot-com bubble bursting) or even 2007 (before the financial crisis and the Great Recession). Autos have been hurt by supply chain but I think that's coming to an end.

☆ Piper Sandler's Kantrowitz likes stocks with Regeneron and General Mills
▼ + stars: | 2022-09-23 | 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 EmailPiper Sandler's Kantrowitz likes stocks with Regeneron and General MillsMichael Kantrowitz, Piper Sandler chief investment strategist, joins 'Power Lunch' to discuss the companies he thinks investors should buy, the names to avoid and what will happen to companies with poor earnings reports next year.

☆ The top stock performers this week make recession-proof stuff like cereal and soup
▼ + stars: | 2022-09-23 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors this week turned to companies that make recession-proof stuff like cereal and soup, as fears of a potential economic recession mounted. General Mills was the top performing stock this week. Hershey advanced 1.7% this week and is forecasted to have roughly 5% upside to its price target, according to FactSet. Campbell Soup was the third best-performing stock this week, up 2.8%. Still, the food company is recommended by just 5.3% of analysts on FactSet, and is expected to have 2.2% downside to its price target.

☆ General Mills Posts Higher Sales as Costs Escalate Further
▼ + stars: | 2022-09-21 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

General Mills higher sales in its fiscal first-quarter as more consumers eat at home in response to higher prices, including from the food company, as costs escalate further. The maker of Cheerios cereal and Betty Crocker cake mix Wednesday said it now sees costs rising as much as 15% for its current fiscal year, higher than its forecast from June, due to increases for raw materials, labor, freight and fuel.

☆ The Fed's credibility is still on the line
▼ + stars: | 2022-09-21 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +6 min

The difference — known as the breakeven rate — tells you how much inflation investors foresee. The five-year breakeven rate stands at 2.48%, down significantly from a high of 3.59% in March and not far off from the Fed's 2% target. The 10-year breakeven inflation rate sits at 2.4%. The Fed makes its latest policy announcement at 2 p.m. Coming tomorrow: The latest policy decisions from the Bank of England, the Bank of Japan and the Swiss National Bank.

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

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