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☆ Does FedEx's bleak outlook flash a warning signal for investors? Here's what the pros say
▼ + stars: | 2022-09-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

FedEx 's bleak preliminary earnings and outlook sent shockwaves through the market and stocks lower during last Friday's trade. And the World Trade Organization similarly painted a grim picture, with an August report pointing to "stagnating global trade growth." It's one of those tea leaves you can take when you look at the global economy. Investors are not entirely sure which way the global economy, inflation and growth are going. "Investors are not entirely sure which way the global economy, inflation and growth are going.

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.

☆ Delta Looks to Improve Margins, Cut Debt as Travel Rebounds
▼ + stars: | 2022-09-19 | by ( Nina Trentmann | ) www.wsj.com time to read: +8 min

September has been off to a good start, Mr. Janki said at a conference last week. Consumer demand remains strong and corporate travel—an important income generator for Delta before the pandemic—is recovering, Mr. Janki said. “We are keenly focused on continuing to strengthen the balance sheet and drive debt down,” Mr. Janki said. Adjusted net debt stood at $19.6 billion at the end of the second quarter, Delta said. Mr. Janki wants his 600-people strong finance team to rely more on data and improve its systems, including streamlining information in the cloud.

☆ Institutional investors flee stocks as inflation fears drive selling to its highest in 2022 while retail investors remain buyers overall
▼ + stars: | 2022-09-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Stock sales by institutional investors has kicked up to highs for the year, S&P Global Market Intelligence said Monday. Against a backdrop of inflation concerns, institutional investors sold $51.2 billion worth of equities in the five weeks ended September 7. Hedge funds have also been net sellers this year, but retail investors remain net buyers. The selling by long-only investors was taking place against a backdrop of growing inflation fears, it said. Institutional investors have sold most S&P 500 sectors, led by industrials and real estate.

☆ The US cities where home values are most likely to plummet in a recession
▼ + stars: | 2022-09-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The report — published on Wednesday — is based on data from nearly 600 counties in the US. Nine counties around New York City were included in the top 50 most vulnerable. ATTOM spokesperson says a recession seems 'more likely' than getting inflation under control. On Wednesday, real estate data company, ATTOM Data Solutions, published its Special Housing Risk Report for the second quarter of 2022. The report listed nearly 600 US counties vulnerable to value decline, based on "home affordability, underwater mortgages, foreclosures and unemployment," the report says.

☆ Cheniere CFO Aims for Investment-Grade Credit Rating as Natural-Gas Prices Soar
▼ + stars: | 2022-09-15 | by ( Kristin Broughton | ) www.wsj.com time to read: +6 min

Cheniere Energy Inc.’s finance chief is working toward landing an investment-grade credit rating in the coming year, as the largest U.S. exporter of liquefied natural gas pays down debt and benefits from the run-up in energy prices. Photo: Cheniere Energy Inc. The company expects to reach investment grade next year based on its current rating and financial position, Mr. Davis said. An investment-grade rating would provide confidence to long-term investors and customers that the company can survive volatility in commodity markets, Mr. Davis said. Higher natural gas prices have been a boon to Cheniere’s finances, prompting it to accelerate plans to pay down debt.

☆ Sales of heated blankets and portable heaters are soaring in Europe despite a record heatwave, as people try to avoid sky-high winter fuel bills
▼ + stars: | 2022-08-25 | by ( Kate Duffy | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Europeans are rushing to buy portable heaters and heated blankets ahead of energy bill hikes this winter. Portable electric heaters sales from two Swiss retailers are up 300% this year, per Tagesanzeige. Sales of portable electric heaters from Swiss retailers Microspot and Interdiscount are up 300% this year compared with 2021, a spokesperson told Swiss newspaper Tagesanzeige. The companies sold the most of the heaters in July, the spokesperson told Tagesanzeige. The spokesperson told Insider that: "The following is speculation, but in Switzerland we are currently expecting gas shortages in winter.

☆ The public cloud is changing how Wall Street works. Here's how the tech is upending everything from trading to dealmaking.
▼ + stars: | 2022-02-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +13 min

Cloud technology has now percolated through nearly every nook and cranny of Wall Street, affecting everything from investment banking to risk management and marketing. What's motivated the recent trend stems from two things that typically elicit change at financial firms: saving money and moving faster. But at least 30 Wall Street firms and well-known fintechs have publicly sided with one provider as a primary partner. "If you look at Wall Street, they have tens of thousands of people in back offices. Take Citibank, which accidentally wired $900 million to Revlon lenders in what is considered one of the largest blunders ever on Wall Street.

☆ Industria eoliană ar putea crea 3,3 milioane de locuri de muncă în 5 ani
▼ + stars: | 2021-05-01 | by ( ) ziuadeazi.md time to read: +2 min

Statele puternic dezvoltate promovează o politică consecventă privind reducerea poluanților. Astfel, dezvoltarea industriei eoliene ar putea crea 3,3 milioane de locuri de muncă în următorii cinci ani, potrivit unei analize realizate de Global Wind Energy Council (GWEC). Estimarea include locuri de muncă directe în parcurile eolienele onshore (pe uscat) şi offshore (în largul coastelor maritime), precum şi locuri de muncă pe întregul lanţ valoric al sectorului. Locurile de muncă vor cuprinde domenii precum instalarea, producţia, planificarea şi dezvoltarea proiectelor, operarea şi întreținerea şi dezafectarea. Aceasta ar asigura concretizarea unei prognoze a industriei de a instala o capacitate onshore şi offshore suplimentară de 470 gigawatti, între 2021 şi 2025, potrivit GWEC.

Persons: Biden Organizations: Global Wind Energy Council, Uniunea Europeană Locations: Bruxelles, SUA, investiţii

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