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Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.
Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J. To see if history repeats itself with a Cowboys win, or if the Giants can pull off the upset, tune in on Thursday at 4:30 p.m. Bill Belichick’s team could be on the cusp of a hot streak and are hitting the Vikings game at just the right time.
Chicken prices are finally starting to fall
  + stars: | 2022-11-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN Business —Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. In the year through October, not adjusting for seasonal swings, chicken prices had jumped 14.5%, according to data from the Bureau of Labor Statistics. Chicken prices are finally falling. Why chicken prices were highBut the roosters don’t bear all the blame. Still, a decline in wholesale prices eventually leads to a decline in retail prices, which is starting to happen.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFayetteville Police body-cam footage shows arrest of Tyson Foods' CFO John TysonBody-cam footage released by the Fayetteville Police Department in Arkansas shows the arrest of Tyson Foods CFO John Tyson, who fell asleep in a stranger's bed after getting intoxicated.
Top 25 roundup: Michigan State nips No. 4 Kentucky in 2 OTs
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +6 min
Sahvir Wheeler added 16 points, Cason Wallace scored 14 and Jacob Toppin provided 10 for the Wildcats (2-1). Jeremy Roach added 16 points while playing the full 40 minutes, but he hit only 6 of 17 field-goal attempts. Dayton was led by Kobe Elvis, who had 16 points and seven rebounds, while Mike Sharavjamts finished with 14 points. It was the Huskies' first triple-double since Daniel Hamilton totaled 11 points, 11 rebounds and 11 assists against Central Connecticut State on Dec. 23, 2015. Armoni Foster and Kidtrell scored 11 points apiece for the Bulls (1-2).
Nov 16 (Reuters) - Oleksandr Usyk's mandatory commitments with IBF challenger Filip Hrgovic will have no bearing on a bout against Britain's Tyson Fury to unify the world heavyweight titles, the Ukrainian boxer's promoter told Sky Sports. The 35-year-old retained his WBA, WBO, IBF and IBO heavyweight titles after a second consecutive win over Anthony Joshua in August and wants to add Fury's WBC crown to his collection early next year. loading"At this stage I can anticipate that it will not influence the undisputed (fight) anyhow," Usyk's promoter Alexander Krassyuk told Sky Sports. "We expect his next fight to be for the undisputed so most likely it will take place in the Middle East." Fury, 34, fights Derek Chisora for a third time on Dec. 3 having beaten him comfortably in 2011 and 2014.
Tyson Foods ends COVID-19 vaccine mandate for employees
  + stars: | 2022-11-16 | by ( Tom Polansek | ) www.reuters.com   time to read: +2 min
The requirement "generally improved our ability to operate our business effectively in fiscal 2022," the report said. America's largest meatpacking union, the United Food and Commercial Workers International Union, said it negotiated an agreement with Arkansas-based Tyson to end the mandate. He added that Tyson kept other safety protocols like requiring workers to self-screen for COVID-19 symptoms. Some Tyson workers remain worried about catching COVID-19 in chicken plants, said Magaly Licolli, director of Venceremos, an organization that advocates for poultry workers in Arkansas. "There is still the pandemic," said Licolli, who has criticized Tyson for not protecting plant employees.
Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. A woman who did not know him allegedly found him asleep in her bed around 2 a.m., according to the preliminary arrest report. Tyson, 32, is also the great-grandson of founder John W. Tyson. He was tapped as chief financial officer of the meat giant in late September after serving as the company’s chief sustainability officer. The company’s fiscal fourth-quarter earnings fell short of Wall Street’s estimates, but its revenue topped estimates.
Tyson Earnings Fall as Beef Demand Sinks
  + stars: | 2022-11-14 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
Tyson Foods Inc. said earnings fell sharply in its fiscal fourth quarter with profit from its beef business down by nearly two-thirds as demand for premium cuts dried up from elevated levels a year ago. Tyson’s chicken business, however, swung to a profit from a year earlier, with prices up 18.2%, helping to offset higher feed and other costs.
Tyson Foods board oversees review of finance chief's arrest
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
CHICAGO, Nov 14 (Reuters) - Tyson Foods' board of directors is overseeing a "thorough review" of the recent arrest of Chief Financial Officer John R. Tyson on charges that he trespassed at a young woman's house while intoxicated, Chief Executive Officer Donnie King said on Monday. John R. Tyson, great-grandson of the meat company's founder, apologized during a quarterly earnings call for his Nov. 6 arrest for criminal trespassing and public intoxication in Fayetteville, Arkansas. "I'm embarrassed and I want to let you know that I take full responsibility for my action," said Tyson, 32. John R. Tyson is the son of the chairman of the company’s board of directors, John H. Tyson. The board is independent, King told analysts on the earnings call.
Tyson Foods sees sales above estimates on steady demand
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc (TSN.N) on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. Packaged food makers like Tyson Foods have so far witnessed very little pushback from consumers on price increases, which were undertaken due to rising costs. Sales volume at the company's chicken business, the largest after beef, increased 1.1% in the fourth quarter, even as Tyson raised prices by an average 18.2%. The company's sales rose to $13.74 billion, from $12.81 billion, beating analysts' average estimate of $13.50 billion, according to IBES data from Refinitiv. The Springdale, Arkansas-based company also projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv.
Tyson Foods Inc. Chief Financial Officer John R. Tyson on Monday apologized again after his arrest last week, and the company said its board was launching a review of the incident. Mr. Tyson, the 32-year-old son of the meat giant’s chairman, was arrested on Nov. 6 for criminal trespass and public intoxication, according to a Fayetteville Police Department report. He was found asleep in the wrong Fayetteville, Ark., home, according to the police report.
Four people were found dead at a residence near the University of Idaho, police in the city of Moscow said. "Information will be updated as soon as next of kin is notified and we have information we can share." In a tweet later, the university lifted its shelter-in-place recommendation and said police said they believed there was no active threat to the student community. Officers were sent to the residence on King Road, about a half-block from campus, just before noon, the department said. "The Moscow Police Department gives our heartfelt condolences to family members, friends and the Moscow community," Berrett said.
Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Allen's fourth quarter touchdown throw to Dawson Knox capped off a 24-20 victory against the Chiefs. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.
It gives maybe the clearest, most entertaining breakdown of how many, many very bad bets on subprime mortgages kickstarted the 2008 Financial Crisis. The most serious domino to fall 14 years ago was Lehman Brothers, the classic too-big-to-fail behemoth that did in fact go under. All this is a roundabout way of saying the collapse of Sam Bankman-Fried's crypto exchange, FTX, is severe and dramatic enough to warrant its own movie in a few years. Reminisce with me for a moment: In the years leading up to 2008, Lehman Bros loaded up its balance sheet with huge amounts of subprime mortgage debt. Lehman went under, and the world sunk into its worst financial crisis since the Great Depression.
Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. Tyson, who is the son of the company's chairman John H. Tyson, was arrested early the morning of Nov. 6 in Fayetteville, Arkansas. Tyson, 32, is also the great-grandson of founder John W. Tyson. He was tapped as chief financial officer of the meat giant in late September after serving as the company's chief sustainability officer. The company's fiscal fourth-quarter earnings fell short of Wall Street's estimates, but its revenue topped estimates.
Boxing legends and former rivals Mike Tyson and Evander Holyfield are teaming up to launch a line of cannabis-infused edibles called "Holy Ears." The former opponents are reuniting under the newly formed cannabis company Carma Holdings, which also houses Tyson 2.0, Tyson's existing cannabis company. Tyson 2.0 already sells cannabis-infused products called Mike Bites, which are shaped like ears with a bite mark. Carma plans to release Holyfield's own cannabis line in 2023. Tyson 2.0 and Carma said Holy Ears products will be available starting this month online and at retail locations in Arizona, Illinois, Nevada and New Jersey.
Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc (TSN.N) on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. The Springdale, Arkansas-based company projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv. Demand for premium cuts of beef declined in the fourth quarter compared to a year earlier, Tyson said. Sales volume at the company's chicken business, the largest after beef, increased 1.1% in the quarter, even as Tyson raised prices by an average 18.2%. Tyson posted an operating margin of 5.6% in the reported quarter, compared with 14.9% a year earlier.
Tyson Foods CFO was arrested last week after he was found in the bed of a woman who didn't know him. Tyson Foods CEO Donnie King said a "thorough review" of Tyson's actions is being done by the company's independent board of directors. The home where Tyson was found belongs to a woman who said she didn't know him. Tyson became chief financial officer on October 2 after he served as executive vice president of strategy and chief sustainability officer at Tyson Foods. He is the son of the company's current board chairman and former chief executive, and is the great-grandson of Tyson Foods founder John W. Tyson.
Surging towards an emphatic victory at the Charles Schwab Cup Championship – the PGA Tour Champions season finale – drinks were already set to flow for the Irishman, but Harrington seemed determined to start the party early. Approaching one fan at the sideline, Harrington handed over a wad of cash – to be spent specifically on beers. In May, Justin Thomas admitted to being blown away by the eye-watering $18 price of beer at the PGA Championship in Tulsa, and it seems similar calculations were on Harrington’s mind in Arizona. In carding 27-under, the Irishman matched the PGA Tour Champions record score in relation to par, equaling Jack Nicklaus’ effort at the Kaulig Companies Championship in 1990. Harrington poses with the Charles Schwab Cup Championship trophy.
Advanced Micro Devices (AMD) – The chip maker's stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. Amazon.com (AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its "US 1" list, although it maintained a "buy" rating. Teva Pharmaceutical (TEVA) – Teva was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.
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.
Stock futures fall following the S&P 500's best week since June
  + stars: | 2022-11-13 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Stock futures dipped in overnight trading Sunday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data. S&P 500 futures declined 0.4% and Nasdaq 100 futures traded 0.6% lower. The S&P 500 rallied 5.9% last week for its best week since June. The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%. The VIX, which tracks the 30-day implied volatility of the S&P 500, had traded above the 30 point threshold for most of October.
CIA officer Johnny "Mike" Spann. Tyson tried to come to his aid after hearing Spann call his first name, and found four men on top of Spann, Tyson said. “But when it mattered, he ran towards his comrade — Mike Spann. Having already lost her husband to the war, Spann said the chaotic U.S. exit from Afghanistan and its aftermath have been incredibly painful to watch. Nutsch is part of the group now working to help former Afghan allies escape the Taliban.
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.
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