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☆ Walmart dictates battery prices at competing retailers by pressuring Energizer, a trio of new lawsuits allege
▼ + stars: | 2023-05-01 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Energizer was "under pressure from Walmart" to ensure that nobody sold batteries for a lower price, three lawsuits say. The lawsuits allege that Energizer inflated wholesale battery prices for Walmart competitors. The lawsuits allege that in exchange for Walmart giving Energizer "preferential treatment" at its stores, Energizer agreed to a scheme to "artificially inflate the wholesale prices it charged to Walmart's competitors for Energizer Battery Products to prevent them from undercutting Walmart's retail prices." They further allege that, as a result, prices for batteries from Energizer's chief rival, Duracell, also were artificially inflated. The group "policed Energizer's customers' retail prices and raised wholesale prices as necessary to force Energizer's customers to maintain retail prices that did not undercut Walmart's," per the lawsuits.

According to complaints filed on Friday, Energizer agreed "under pressure from Walmart" to inflate wholesale battery prices for other retailers starting around January 2018, and require those retailers not to undercut Walmart on price. Walmart rivals allegedly risked higher wholesale prices or being cut off by Energizer, the largest U.S. disposable battery maker, if they charged less at checkout than Walmart, the world's largest retailer. According to the plaintiffs, Energizer's share of the U.S. disposable battery market has risen to more than 50% from 40% in 2018. The cases in the U.S. District Court, Northern District of California, are: Copeland et al v Energizer Holdings Inc et al, No. 23-02091, and Schuman et al v Energizer Holdings Inc et al, No.

☆ Brace for a recession by September, a 20% plunge in the S&P 500, and a painful credit crunch, top economist David Rosenberg says
▼ + stars: | 2023-04-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

David Rosenberg sees a near-term recession, a 20% hit to stocks, and a damaging credit crunch. The economist panned the Fed for hiking interest rates and said they could hit zero again. (Rosenberg suggested S&P 500 earnings could drop by one-fifth in a recession, to about 3,200 points.) Now we have not just the cost of credit being a problem for the economy, but the availability of credit is going to compound that. Read more: We put 7 burning questions to top economist David Rosenberg.

☆ Stocks making the biggest moves premarket: Tyson Foods, PayPal, Children's Place and more
▼ + stars: | 2023-02-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tyson Foods – Shares of the food processing giant suffered a 6% drop in premarket trading after the company reported weaker-than-expected results for the first quarter. Analysts expected $1.34 per share in earnings and revenue of $13.52 billion, according to Refinitiv. PayPal — Shares of the payments company fell 2.6% in premarket after Raymond James downgraded the stock to market perform from outperform. Lyft — Shares of the ride-hailing company fell about 2% in premarket trading after Lyft was downgraded to hold from buy at research firm Gordon Haskett. Energizer Holdings — The battery maker's stock fell 6% after revenue and earnings for the recent quarter fell short of expectations, according to analysts surveyed by FactSet.

☆ Stocks making the biggest moves midday: Dell, On Semiconductor, PayPal, Catalent & more
▼ + stars: | 2023-02-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. On Semiconductor — Shares gained more than 1% after the company reported earnings Monday that beat Wall Street estimates. The company posted $2.1 billion in revenue for the quarter, a 13.5% increase from $1.85 billion in revenue last year. Dell — The tech company saw its shares fall 3.7% after it announced its plans to lay off 5% of its workforce. PayPal — Shares of the payments company fell more than 3% after Raymond James downgraded the stock to market perform from outperform.

☆ 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.

☆ 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.

☆ 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.

☆ Guggenheim downgrades Microsoft, says vulnerabilities may be exacerbated during an economic slowdown
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Now is the time to sell shares of tech giant Microsoft , according to analysts at Guggenheim. The firm on Tuesday downgraded the shares to sell from neutral and introduced a $212 price target, implying a more than 11% downside for Microsoft. Microsoft may disappoint on upcoming earnings numbers in the second quarter of 2023 and in their full-year guidance as well. "While most investors see MSFT as a large stable business that can weather any storm, it does have vulnerabilities, some of which could be exacerbated by this macro slowdown," analyst John DiFucci wrote. The biggest headwind the firm sees is MPC business, where consensus numbers are expecting slight growth after several quarters of declines.

☆ Two charged in Christmas Day attacks on Washington substations that cut power to 14,000
▼ + stars: | 2023-01-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Two men have been charged in the Christmas Day attacks on four power substations near Tacoma, Washington, that left about 14,000 homes and businesses without power, officials said Tuesday. While federal authorities have long said the country's power grid is vulnerable to terrorists domestic and foreign, the suspects may have been motivated by the spoils of burglary, prosecutors said. The federal public defender's office for Western Washington didn't immediately respond to a request for comment. The attacks appeared to successfully target the substations' high-side switches, devices that can connect or disconnect a potent power source, authorities said in court filings. The Graham and Elk Plain substations are operated by Tacoma Power; the Kapowsin and Hemlock substations are operated by Puget Sound Energy.

☆ Millions suffer from long Covid — and it costs them $9,000 a year in health-care expenses, on average
▼ + stars: | 2022-12-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +11 min

There is no cure or approved treatment for ME/CFS; as with long Covid, patient symptoms are merely treated or managed. 'People are trying all sorts of treatments'Getting an official long Covid diagnosis can be challenging, which can compound early expenses. Like many who suffer from long Covid, Pohl seeks relief from crippling symptoms wherever it's available. "There are so many of us now that it's taking months to see professionals," she said of long Covid patients. watch nowTime alone generally doesn't cure long Covid symptoms; it often requires some form of rehabilitation.

☆ Stocks making the biggest moves in the premarket: Walmart, Vodafone, Getty Images and more
▼ + stars: | 2022-11-15 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Take a look at some of the biggest movers in the premarket:Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Vodafone (VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment. Getty Images (GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus. Energizer Holdings (ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Tencent Music (TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue.

☆ All eyes on the consumer ahead of Black Friday and the holidays
▼ + stars: | 2022-11-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. But the most recent Consumer Price Index figures for October provided some relief for shoppers…and Wall Street. Consumer spending rose 1.4% during the third quarter, according to the government’s most recent gross domestic product (GDP) report. A report on housing starts and building permits data for October will come out towards the end of this week. When Home Depot reported its most recent earnings in August, it noted that customers didn’t make as many purchases as they did a year ago.

☆ Coca chewing gets chic makeover with bubblegum flavor and TikTok fans
▼ + stars: | 2022-11-12 | by ( Monica Machicao | ) www.reuters.com time to read: +2 min

[1/2] A demonstrator uses coca leaves during clashes with police over a new coca market, in La Paz, Bolivia August 8, 2022. REUTERS/Claudia Morales/File PhotoSANTIAGO, Nov 12 (Reuters) - With flavors ranging from bubble gum to passion fruit and TikTok stars promoting it, chewing coca has become the latest chic trend in Bolivia. Andean villagers have chewed coca leaves - the base ingredient of cocaine - for centuries to help ward off the effects of high altitude and hunger. Consumption of the leaves is legal in Bolivia and coca is considered by many in the region as a sacred plant. To the traditional "bolo" of coca leaves and baking soda enterprising locals are adding sweeteners and flavoring.

☆ Inflation cools and markets soar, led by tech stocks: How we're making sense of this big week
▼ + stars: | 2022-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Markets closed higher for the week after a stellar rally Thursday that saw Big Tech stocks soar on the back of weaker-than-expected consumer price index (CPI) data for October. The S & P 500 closed up more than 5% for the week, its best week since June. Meanwhile, Club holding Amazon (AMZN) is reportedly conducting a broad cost-cutting review , according to The Wall Street Journal. But we think more data is needed before the Fed is able to tone down its hawkish commentary on rates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ The Murdoch-owned New York Post, which long championed Donald Trump, mocks 'Trumpty Dumpty' for failing to put the GOP 'back together again'
▼ + stars: | 2022-11-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

The New York Post depicted Donald Trump as a nursery-rhyme character for its Thursday cover. Many Republicans saw the midterm results as a stunning rebuke of Trump's supposed hold on the GOP. The cover was shared by New York Times correspondent Maggie Haberman, a former New York Post reporter herself. At the time, The Post's editorial board wrote that Trump would bring back "explosive job creation, rising wages and general prosperity" prior to the pandemic. Piers Morgan, the controversial British journalist who joined The Post as a columnist in 2021, authored the cover story.

☆ The 9 skills that will help you 'get promoted faster and receive top performance reviews,' according to a career expert
▼ + stars: | 2021-09-14 | by ( Rob Cross | ) www.cnbc.com time to read: +4 min

Compared to non-energizers, energizers are three to four times more likely to get promoted faster and receive top performance reviews...Energizers tend to do nine things more systematically than others. I maintain a balance between what I ask for and what I contribute to the people I work with. Why energizers are the most valuable employeesCompared to non-energizers, energizers are three to four times more likely to get promoted faster and receive top performance reviews, and three times as likely to successfully manage their career transitions. But that's wrong: Neither extroversion nor charisma create energizers. When a colleague of mine did an analysis for the Broad Institute of MIT and Harvard, the results were unexpected.

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