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"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ Hawaii's emergency siren warning system was silent during Maui wildfires
▼ + stars: | 2023-08-12 | by ( Ray Sanchez | ) edition.cnn.com time to read: +18 min

Hawaii residents have long been accustomed to the monthly tests of the outdoor siren warning system. “Maui County faced a challenging, rapidly changing situation, and I think they did everything possible to save lives. Period.’Video Ad Feedback Video shows family's terrifying escape from Maui wildfires 01:18 - Source: CNNThe fire spread with such speed that many people left their homes immediately with little notice from authorities, Maui County Fire Chief Brad Ventura said. Hawaii Department of Land and Natural Resources/AP Burnt boats sit in waters off of Lahaina, Hawaii, on Friday. Phonoxaylinkham, his wife, and their five children were caught in the Lahaina wildfires and survived by exiting their car and spending four hours in the ocean as the west Maui wildfires raged around them.

Persons: Cole Millington, ” Millington, ”, Millington, …, –, Adam Weintraub, ” Weintraub, Weintraub, “, Allen Vu, Vu, Anne Lopez, Jill Tokuda, Karl Kim, Brad Ventura, ” Ventura, John Pelletier, Josh Green, Clay Trauernicht, Wedelin, Lee, Matthew Thayer, Patrick Fallon, Justin Sullivan, Rick Bowmer, Mike Blake, Zoltan Balogh, Zeran Harris, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Patrick T, Fallon, Dustin Johnson, Lane, ” Kim, Brock Long, ‘, Rachel Zimmerman Organizations: CNN, Lahaina, Hawaii Emergency Management Agency, CNN Hawaii, National Disaster Preparedness Training Center, University of Hawaii, Maui County Fire, Maui County Police, Gov, Communication, National Weather Service, “, Maui Fire Department, Facebook, Firefighter, Fire Department, Maui News, AP Pacific Whale Foundation, Getty, Hawaii Department of Land, Natural Resources, Reuters, . Hawaii Department of Land, Los Angeles Times, AP, Washington Post, Kahului, Technologies, AP Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Federal Emergency Management Agency Locations: Lahaina . Millington, Maui, “, Hawaii, Lahaina, Millington, Maui County, Manoa, Honolulu, Olinda, Kula, Hanamu, Piʻiholo, Lahaina Bypass, Church, Lahaina Hongwanji, Lahaina , Hawaii, Maalaea, West Maui, AFP, Wailuku, Upcountry, Waiola, Kula , Hawaii, Kahului, California, Las Vegas, Kihei

☆ Fruzzetti: The contained stock rally makes for a fragile market
▼ + stars: | 2023-06-09 | 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 EmailFruzzetti: The contained stock rally makes for a fragile marketPatrick Fruzzetti, Rose Advisors at Hightower Managing Director, discusses which stocks are highest on his radar.

Persons: Patrick Fruzzetti Organizations: Rose, Hightower

☆ 4.9 magnitude quake strikes southern Haiti; 4 dead, dozens injured
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: +3 min

The town of Jeremie in Haiti's southwest region was struck by a moderate earthquake on Tuesday, June 6, 2023. (Patrick Farrell/Miami Herald/Tribune News Service via Getty Images)An earthquake with a preliminary magnitude of 4.9 struck southern Haiti early Tuesday, killing at least four people and injuring 36 others, authorities said. The quake struck before dawn near the southwestern coastal city of Jeremie at a depth of six miles (10 kilometers), according to the U.S. Geological Survey. "There were so many people out on the street, and a lot of panic," he recalled of the moments after the quake struck. The earthquake struck almost two years after a 7.2 magnitude earthquake struck southern Haiti and killed more than 2,200 people, with Les Cayes sustaining the most damage.

Persons: Patrick Farrell, Eric Mpitabakana, Les Cayes, Frankel Maginaire, Mpitabakana, Claude Prepetit, Paul Pierre, Pierre, Prince, Ariel Henry Organizations: Miami Herald, Tribune, Service, Getty, . Geological Survey, Food, Associated Press, Civil Protection Agency, Haiti's Civil Protection Agency, Haiti's, of Mines and Energy, Radio, AP Locations: Jeremie, Haiti's, Haiti, Port

☆ Two portfolio managers discuss how to invest in the markets this week
▼ + stars: | 2023-05-22 | 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 EmailTwo portfolio managers discuss how to invest in the markets this weekBen Emons, Senior Portfolio Manager at NewEdge Wealth, and Patrick Fruzzetti, Managing Director at Rose Advisors at Hightower, discuss how to invest in the markets.

☆ Ford, GM and Toyota push into midsize pickup trucks, the latest battleground for U.S. automakers
▼ + stars: | 2023-05-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Midsize pickup trucks are following the lead of their larger, full-size counterparts such as the Ford F-150, Chevrolet Silverado and Toyota Tundra. While the Detroit automakers dominate large pickup truck sales, Toyota Motor is the clear leader in midsize pickup truck sales with its Tacoma. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019, when Ford and Jeep reentered the market, Edmunds reports. Edmunds reports the Detroit automaker's share of the U.S. midsize pickup segment last year was about 19%, followed by Stellantis ' Jeep Gladiator at 12.8% and the Nissan Frontier at 12.5%. Varying strategiesAutomakers' sales volumes speak to their diverging strategies in the midsize pickup truck segment.

☆ Rahm, Smith and Fitzpatrick form PGA Championship major attraction
▼ + stars: | 2023-05-16 | by ( Steve Keating | ) www.reuters.com time to read: +1 min

[1/3] May 15, 2023; Rochester, New York, USA; Jon Rahm tees off on the 8th hole during a practice round of the PGA Championship golf tournament at Oak Hill Country Club. Mandatory Credit: Adam Cairns-USA... Read moreROCHESTER, New York, May 16 (Reuters) - Spaniard Jon Rahm, Australian Cameron Smith and Briton Matt Fitzpatrick were put together on Tuesday in a star-studded group of major champions for the first two rounds of the PGA Championship. Another power threesome of PGA Championship winners heads out at 8:11 AM ET (1211 GMT) with reigning champion Justin Thomas opening the defence of his crown in the company of Northern Ireland's four-time major winner Rory McIlroy and double major winner Collin Morikawa. World number two Scottie Scheffler will partner twice PGA Championship winner and LIV Golf hope Brooks Koepka and 2019 U.S. Open winner Gary Woodland. Also carrying the LIV flag will be Phil Mickelson, the six-time major winner, partnered with world number four Patrick Cantlay and Rickie Fowler who will go out in the afternoon wave.

☆ Robert Patrick, Early and Prolific Playwright of Gay Life, Dies at 85
▼ + stars: | 2023-05-02 | by ( Penelope Green | ) www.nytimes.com time to read: +1 min

Robert Patrick, a wildly prolific playwright who rendered gay (and straight) life with caustic wit, an open heart and fizzy camp, and whose 1964 play, “The Haunted Host,” became a touchstone of early gay theater, died on April 23 at his home in Los Angeles. One day in 1961, a 24-year-old Mr. Patrick followed a cute boy with long hair into the place, where the playwrights John Guare, Sam Shepard, Lanford Wilson and, soon, Mr. Patrick, all got their starts. The cute boy was John P. Dodd, who went on to be a well-known lighting designer and die of AIDS in 1991. No one was paid, except the cops, because Mr. Cino was not just running an unlicensed cabaret but also a gay hangout, which was illegal in the early 1960s. Its young playwrights, particularly Mr. Patrick, churned out plays, playlets and monologues akin to TikToks, as Don Shewey, the author and theater critic, said in a phone interview.

As he had last week, the British singer-songwriter played guitar and sang from the witness stand to underscore his testimony, telling jurors his song "Thinking Out Loud" had actually been inspired by Irish musician Van Morrison. Sheeran said he and other performers frequently perform such "mash ups," and that he had on other occasions combined "Thinking Out Loud" with Van Morrison's "Crazy Love" and Dolly Parton's "I Will Always Love You." He ridiculed Frank's questions about how often Sheeran collaborates with others in writing songs, which he said was common practice. If Sheeran is found liable, there will be a second trial to determine the damages amount. Reporting By Brendan Pierson in New York Editing by David Bario and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Y Combinator-backed headless commerce startup Vue Storefront just raised $20 million with this 14-slide pitch deck
▼ + stars: | 2023-03-23 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Y Combinator-backed Vue Storefront has developed a frontend system for e-commerce sites. Vue Storefront, a Y Combinator-backed startup that aims to improve customers' experiences with e-commerce sites, just raised $20 million in fresh funds. The Polish company, founded in 2020, has built a plug-and-play frontend system for marketplace sites. This is what customers see and interact with, rather than the behind-the-scenes backend system, and is known as "headless commerce". Vue Storefront is rooted in open-source development, having spun out from a design agency.

☆ New cars are crazy expensive but, if you’re careful, they don’t have to be
▼ + stars: | 2023-02-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

Yet the average sticker for base models, adjusted for inflation, has actually gone down a little — even as consumers have shifted from sedans to more expensive SUVs. That’s good news for drivers willing to go no-frills: If you don’t want to pay lots of a new car, you don’t have to. It has a base price of $15,730. These base price models may not make much money, if any, for automakers. The average price of a GMC Sierra 2500 HD, as sold, is now double the base price.

☆ How Much Should I Have in Savings?
▼ + stars: | 2023-02-07 | by ( ) www.wsj.com time to read: +10 min

And when you are ready to stop working, a healthy retirement savings account will allow you to maintain financial independence. How much should I have in retirement savings? Retirement Savings Targets by Age Saving 10 times your salary doesn't have to seem overwhelming. So how do you translate that into a savings goal? Retirement savings should be prioritized over college savings, says Fruzzetti: “In an ideal world, you’d be able to save enough for retirement and college concurrently, but that’s not always possible.” The most realistic plan for many families is to save as much as possible.

Patrick Foto/Getty ImagesAdding a child to your credit card as an authorized user can help them establish a credit history. Minimum age for credit card authorized usersThe major credit card issuers allow you to add minors as authorized users, but several have minimum age limits. Benefits of adding a child as an authorized userAlong with potentially giving your child a head start on building credit, adding them as a credit card authorized user has other benefits. Credit cards can teach financial responsibilityHaving an authorized user credit card can help show young adults how to use credit responsibly. Having a credit card in their own name can be handy, especially in cases where a merchant won't take a parent's credit card number over the phone.

☆ Fruzzetti: Keep some short-term liquidity, own precious metals, and use energy as a hedge
▼ + stars: | 2023-01-06 | 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 EmailFruzzetti: Keep some short-term liquidity, own precious metals, and use energy as a hedgePatrick Fruzzetti, Managing Director and Partner at Rose Advisors at Hightower, joins Worldwide Exchange to discuss what's driving the markets.

☆ Hiking has become a nationwide New Year's Day tradition
▼ + stars: | 2023-01-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Just 380 people participated in the initial First Day Hike in 1992 at the nearly 7,000-acre Blue Hills Reservation just south of Boston. On Sunday, tens of thousands of people are expected to take part in First Day Hikes at hundreds of parks in all 50 states. The late Patrick Flynn, the former supervisor at Blue Hills, came up with the original plan. In 2012, First Day Hikes went nationwide when the National Association of State Park Directors endorsed the idea. Elijah Bristow State Park near Eugene is even offering a first day horseback ride.

☆ Cramer's final thoughts for the year: Making sense of multiples amid a looming recession
▼ + stars: | 2022-12-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

They might say that the S & P 500 , currently trading at 18-times earnings, could trade down to 16-times earnings even if earnings stay relatively steady. And I think that reflects a recession is coming, given that its earnings should not be hurt by a slowdown. If we get a recession, then the stock will trade higher, not lower, as a recession would likely signal the end of the Fed's interest rate hikes. That's going to be our broad assumption for next year — a mix of soft goods with higher multiples and cyclicals with lower ones. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Salesforce's new marketplace wants to make it easier for companies to integrate carbon credits into their climate-action strategies
▼ + stars: | 2022-12-01 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Salesforce has a new marketplace for carbon credits, also known as carbon offsets. Companies can use their carbon credits on projects designed to help alleviate the climate crisis. Carbon credits as product stock-keeping units require a set of unique attributes that weren't available in the out-of-the-box product. Buyers on Net Zero Marketplace must commit to buy carbon credits as part of a comprehensive climate-action strategy — not as a substitute for absolute reductions. Providers of carbon credits don't always have the traditional sales and marketing tool kits needed to successfully bring credits to the market.

☆ Fruzzetti: Though equities are still attractive, there are favorable alternatives in the market
▼ + stars: | 2022-11-21 | 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 EmailFruzzetti: Though equities are still attractive, there are favorable alternatives in the marketPatrick Fruzzetti, Managing Director and Partner at Rose Advisors at Hightower, joins Worldwide Exchange to discuss his stance on the fixed income and equity markets.

☆ For Iranians, this World Cup is about more than football
▼ + stars: | 2022-11-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +13 min

In the buildup to the World Cup in Qatar, there were calls for Iran to be thrown out of the tournament. Protesting at the World Cup, on the biggest stage of all for football, carries potentially huge risks for the current players in the national team. Nonetheless, players will be free to protest at the World Cup so long as they do not break FIFA rules, their manager Queiroz has said. Iran’s football authorities vowed that “people who have not followed professional and sports ethics … will be dealt with according to the regulations,” a statement published by Iran’s Football Federation after the beach soccer game said. “While this is happening, I cannot see people being overly excited [about the World Cup] when they’re out on the street fighting for freedom,” Mossavat says.

☆ Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
▼ + stars: | 2022-11-15 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +10 min

Since the pandemic, the largest tech layoffs have been at Meta, Getir, Booking.com, Twitter, Uber, Better.com., Peloton, and Groupon, Layoffs.fyi data show. Now companies in tech are reversing some of the huge hiring that they did in the past couple of years, Lee said. Mark Zuckerberg, MetaFacebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, in New York on October 25, 2019. In the memo he wrote: "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. Jack Dorsey, ex-CEO TwitterTwitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee in Washington, DC, in 2018.

☆ Ad prices are now cheaper than they've been all year. Here's how much marketers are paying for ads on Google, Meta, Amazon, and TikTok.
▼ + stars: | 2022-11-07 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +7 min

Ad prices on Meta, Amazon, and Google skyrocketed during the pandemic but are now declining. Digital ad prices are declining due to a number of factors:Advertisers are pulling back on spend on Meta and Google. Ad prices are typically low during the third quarter as marketers prepare to spend during the fourth quarter. Ad buyers usually anticipate a 15% to 20% increase in ad prices during the fourth quarter, said Vic Drabicky, founder and CEO of ad agency January Digital. As TikTok continues to build out its technology and relationships with advertisers, ad prices continue to rise.

☆ As advertisers cut spend, ads on Google, Meta, and Amazon are cheaper than they've been all year — but marketers don't expect it to last
▼ + stars: | 2022-11-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +7 min

Ad prices on Meta, Amazon, and Google skyrocketed during the pandemic but are now declining. Digital ad prices are declining due to a number of factors:Advertisers are pulling back on spend on Meta and Google. Ad prices are typically low during the third quarter as marketers prepare to spend during the fourth quarter. For ads designed to get people to take more immediate action, like Amazon's and Google's shopping and search ads, we looked at cost per click (CPC). As TikTok continues to build out its technology and relationships with advertisers, ad prices continue to rise.

☆ Fruzzetti: Fed is using demand-side tools to fight supply-side problem
▼ + stars: | 2022-09-21 | 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 EmailFruzzetti: The Fed is using demand-side tools to fight supply-side problemsPatrick Fruzzetti, Managing Director of Rose Advisors at Hightower, joins Worldwide Exchange to discuss where to invest your money ahead of the Fed's highly anticipated decision today.

☆ Inside Salesforce's ambitious new plan to propel the carbon-credit market to critical mass and make a dent in the climate crisis
▼ + stars: | 2022-09-20 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Big companies are rushing to buy carbon credits to meet net-zero emission goals. Companies like Delta Air Lines, Alphabet, and Disney have been buying carbon credits to meet net-zero emission goals. Unlike the carbon-credit market regulated by the government, the voluntary market allows companies to opt in, purchasing credits to fund sustainability projects in exchange for the right to emit more carbon. But companies are often skeptical about the efficacy of carbon credits because it's not always clear where the funds go. It also worked with carbon-credit providers such as Climate Impact Partners, Cloverly, and Pachama to vet carbon-reduction projects for quality.

☆ Inside Salesforce's ambitious new plan to propel the carbon credit market to critical mass and make a dent in the climate crisis
▼ + stars: | 2022-09-20 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Big companies are rushing to buy carbon credits to meet net-zero emission goals. Companies like Delta Air Lines, tech conglomerate Alphabet, and entertainment firm Disney are rushing to buy carbon credits to meet net-zero emission goals. Unlike the carbon credit market regulated by the government, organizations that opt into the voluntary market can choose to emit more carbon by purchasing credits toward sustainability projects. But companies are often skeptical about the efficacy of carbon credits because it's not always clear where the funds go. It also worked with carbon credit providers such as Climate Impact Partners, Cloverly, and Pachama to vet carbon reduction projects for quality.

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