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☆ Tech tonic and Sunak salve
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +5 min

A massive week for top technology firms worldwide pits U.S. mega cap earnings against the withering slide in China tech shares amid domestic political and economic fears. read moreBut the decimation of Chinese tech stocks (.HSTECH) this week was more worrying. read moreU.S.-listed shares of Chinese companies such as Pinduoduo (PDD.O), JD.com and Baidu Inc plunged between 12% and 25% in New York on Monday. read moreHSBC's shares fell almost 7% in London, meantime, as investors digested a sudden management change and rising bad loan charges. As investors awaited the European Central Bank's latest interest rate rise on Thursday, German business readings were above forecast for October.

☆ Chipotle says price hikes lift revenue as customers show ‘minimal resistance’
▼ + stars: | 2022-10-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts' expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw "minimal resistance" to higher menu prices during the quarter, although transactions declined 1%. The company reported paying more for dairy, tortillas, avocados, packaging and labor. For the fourth quarter, Chipotle is predicting same-store sales growth in the mid- to high-single digits.

☆ Stocks making the biggest moves after hours: Alphabet, Microsoft, Texas Instruments and more
▼ + stars: | 2022-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Alphabet — The search engine parent dropped 5.8% after Alphabet missed third-quarter earnings expectations, and reported a decline in YouTube ad revenue. Texas Instruments — Shares declined 5.7% after TI's Q4 revenue and earnings forecasts missed the average analyst's consensus estimate, according to FactSet. Texas Instruments posted Q3 revenue of $5.24 billion, greater than the $5.14 billion forecast, according to consensus estimates from Refinitiv. Spotify — The streaming stock dropped 6.9% after Spotify's results failed to meet earnings expectations, reporting a loss of 98 cents per share. Analysts were expecting a loss of 84 cents per share, according to consensus estimates on FactSet.

☆ Stock futures are flat as investors await big tech earnings
▼ + stars: | 2022-10-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading Monday as investors looked ahead to big technology earnings for further clues into the health of the U.S. economy. Futures tied to the Dow Jones Industrial Average traded marginally higher, while S&P 500 and Nasdaq 100 futures added 0.09% and 0.02%, respectively. Shares of Amazon slipped slightly in after hours trading on reports of a hiring freeze, while Discover Financial shed more than 1% on disappointing earnings results. Investors this week remain laser-focused on earnings from the biggest technology companies, with reports from Alphabet and Microsoft due Tuesday. On the economic data front, S&P/Case-Shiller August home prices, FHFA August home prices and October consumer confidence are slated for release Tuesday.

☆ Tupperware wants to jump from grandma’s cupboard into the cool kids’ homes
▼ + stars: | 2022-10-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNNBusiness —Tupperware wants to be where the cool kids play. That means shedding its throwback to its Mad Men-era image, and positioning Tupperware products as buzz-worthy, high-utility and with an environmentally-friendly purpose. Another idea is to collaborate with a fridge manufacturer to have a line of refrigerators that come outfitted with Tupperware storage containers inside. Tupperware containers, in a way, also could be helping to also reduce food waste. “We’d like to think those were many meals that were stored in the fridge in Tupperware products.”

☆ Stocks could continue to break higher as Apple, big tech report earnings in week ahead
▼ + stars: | 2022-10-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.

☆ Meet Byron Trott, the billionaire businessman behind Michael Dell's new investment and advisory firm
▼ + stars: | 2022-10-20 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Michael Dell's family office is merging with merchant bank BDT to form a new investment and advisory firm. Back in 2008, when he was still working at Goldman Sachs, Trott was publicly praised by Warren Buffett, whose distaste for M&A bankers — and Goldman Sachs — is notorious on Wall Street. "Byron is the rare investment banker who puts himself in his client's shoes," Buffett said in a letter to investors. The combination, the companies said on Thursday, "will create the preeminent advisory and investment firm serving the distinct needs of family- and founder-led business owners and strategic, long-term investors." Here's how Trott, a Midwest native, went from a small-town football player to an investment banker advising billionaires:

☆ Goldman says this restaurant chain is one of the most compelling growth stocks into earnings
▼ + stars: | 2022-10-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should load up on Chipotle Mexican Grill shares ahead of the restaurant chain's next quarterly report, according to Goldman Sachs. It is also 5% and 30% cheaper than a burger-and-fry meal at fast food and fast casual restaurants, respectively. Consumers see the value proposition, he said, as the chain scored 6% higher in a value screen compared to fast casual competitors. Goldman Sachs found its most recent addition to protein offerings, the garlic guajillo steak, generated less social buzz than previous limited-time offerings. Goldman's Garber said the stock is up 15% since second-quarter earnings, beating the average of 4% among fast food and fast casual restaurants the firm covers.

☆ Best Holiday Hosting Deals to Shop During October Prime Day
▼ + stars: | 2022-10-12 | by ( ) www.wsj.com time to read: +6 min

In the past, the 10-piece set has cost up to $1,110, and the current price, $350, is the lowest we’ve seen. The Prime Day price is close to the lowest we’ve seen. If you buy it during the Prime Sale, you’ll save about $100 from its price last week. During Amazon’s Prime sale, you can save big—the appliance, which typically costs $500, is a mere $315. It’s typically priced around $20 and for the Prime sale, only $16.

The Amazon Prime Early Access Sale has entered its second and final day and deals are still going strong. In fact, we're seeing excellent all-time low prices that beat out the best deals we found during the first Amazon Prime Day in July. For more deals, check out our main Prime Day deals liveblog, deals under $50 roundup, and up-to-the-minute Prime lightning deals coverage. Currently down to just under $100, this is the best price we've seen for it in months. Amazon Luna ControllerAmazon$39.99 from Amazon Originally $69.99 Save 43%Amazon's Wi-Fi-enabled controller is designed for the Amazon Luna cloud gaming service.

☆ Facebook whistleblower, former defense and intel officials form group to fix social media
▼ + stars: | 2022-10-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

A Facebook whistleblower, two former U.S. defense secretaries, several past lawmakers and intelligence chiefs are forming a new group to address the harmful impacts social media can have on kids, communities and national security. The council said it aims to drive bipartisan conversation around tech in Washington, D.C., and across the country, elevate nonpartisan voices like parents and pediatricians, and advance effective solutions to reform social media. Haugen said the issues stemming from social media are truly bipartisan in nature, which could be made more clear by avoiding framing them as issues of content moderation. Many conservatives are skeptical of content moderation because they believe platforms can use it to censor certain viewpoints, though mainstream platforms have repeatedly denied they do so. Haugen said she sees content moderation as largely a "distraction from the real path forward, which is around product design, safety by design, transparency."

The best Prime Early Access Sale air fryer dealsBelow, we’re sharing the best deals from the Prime Early Access Sale on air fryers based on our previous coverage and reporting. Our experts in our guide to the best air fryers say it’s built to last. 4.7-star average rating from 31,100 reviews on AmazonThe Cosori, one of Amazon’s top-selling air fryer brands, made our list of the best air fryers. 4.5-star average rating from 13,678 reviews on AmazonOne of the best air fryers of 2022, according to Select experts, the Instant Vortex Plus 10-Quart Air Fryer is a convection oven-style air fryer with two racks to maximize cooking space. Prime Early Access Sale: The best air fryer sales on AmazonHere are the best air fryer sales on Amazon right now during the October Prime Day event that we think you’ll want to know about.

This morning Amazon kicked off its second Amazon Prime Day of 2022, which it's calling the Prime Early Access Sale. Right now, our picks for the best overall, the Philips Premium Digital Air Fryer, and the best multi-tasking air fryer, the Instant Pot Duo Crisp are on sale. Deal T-Fal Easy Fry XXL Air Fryer and Grill At 50% off, this T-fal air fryer is the biggest air fryer deal we've seen so far for Amazon Early Access Sale. Deal Oster Air Fryer Oven The Oster Air Fryer is 21% for Amazon's Early Access Sale, saving you $40. Amazon Prime Day FAQsWhat is Amazon Prime Day?

☆ Chipotle is courting young consumers through TikTok. Bernstein says it could result in 35% upside
▼ + stars: | 2022-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Chipotle is focusing on speedily serving a customer base it's growing through game-like rewards and TikTok engagement. Analyst Danilo Gargiulo began research coverage of the Mexican grill chain with an outperform rating and a price target of $2,000, implying an upside of 35%. Chipotle also has what he called an "addictive" rewards program where spending resembles a game with special rewards and challenges. They have generated 10% to 15% higher sales than traditional stores and have a higher share of digital sales, which are more efficient than in-person orders. But Chipotle is well positioned vs competitors because of a lack of debt, concentrated North American business and higher-income costumer base.

☆ Friday's jobs report could be a case where good news isn't really good
▼ + stars: | 2022-10-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

Al Drago | Bloomberg | Getty ImagesInvestors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons. In normal times, strong job gains and rising wages would be considered a good thing. When they get bad news on the economy, that means the Fed is going to tighten less." In real terms, Swiber said that likely means no change until the economy is actually losing jobs. Next week's CPI reading is likely to be more consequential when it comes to any shift in Fed attitudes, she added.

Many companies that have shifted enterprise-technology tools into the cloud in recent years, in part as a cost-saving measure, say those investments have yet to pay off. Rather than run software and systems in their own hardware, commercial cloud users tap computing capabilities from providers such as Amazon.com Inc. and Microsoft Corp. They are also turning to multiple cloud providers, rather than relying on one cloud, for different systems and applications for different business areas. “Many first movers expected significant IT cost efficiency from their cloud investments,” said Barry Brunsman, a principal in KPMG’s CIO Advisory group. “You really do need to not just take it for granted that cloud is where you should head,” she said.

☆ A wave of restaurant operators and high-profile chains like Chipotle and Burger King are investing millions in innovation amid a slowdown in food-tech funding. Here are 10 investing in ghost kitchens,
▼ + stars: | 2022-09-29 | by ( Nancy Luna | ) www.businessinsider.com time to read: +10 min

"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.

☆ Chipotle Mexican Grill will test robotic tortilla chip maker 'Chippy' in California restaurant
▼ + stars: | 2022-09-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill is moving one step closer to having a robot make its tortilla chips. The burrito chain said Tuesday that it will test "Chippy," an autonomous kitchen assistant made by Miso Robotics, next month in a restaurant in Fountain Valley, California. Chipotle has already tested Chippy's ability to make and season its tortilla chips with salt and lime at its headquarters' innovation hub in Irvine, California. Today, workers at Chipotle restaurants fry and season the chips, which can be time consuming. Restaurants and retailers have been testing robotics and automation to speed up operations and reduce menial tasks for workers.

☆ Starbucks could face 'just cause' bids at hundreds of unionized U.S. cafes
▼ + stars: | 2022-09-26 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake//File PhotoNEW YORK, Sept 26 (Reuters) - Starbucks plans to start negotiating its first labor contracts with employees at hundreds of unionized U.S. cafes in October, the coffee chain said on Monday. Baristas and shift supervisors in at least 240 company-owned U.S. Starbucks Corp (SBUX.O) locations have unionized in a little over a year. More than 110 Starbucks employees have been terminated for minor issues as retaliation for their union organizing, Moore said. No Starbucks employees have or will be disciplined for supporting unions, the company said earlier this month.

☆ If You Ever Thought You Were a Pizza-Oven Person, This Is the One to Buy
▼ + stars: | 2022-09-22 | by ( Sunshine Flint | ) www.wsj.com time to read: +3 min

Soon he was sliding margherita pies into a massive white-domed, brick-lined, Italian-made, wood-burning outdoor pizza oven that blistered the dough in mere seconds. My husband is someone whose usual pizzas are mangled rhomboids wrestled from Trader Joe’s pizza dough. Naturally he began doing heavy research into pizza ovens, a deep dive that took him into the world of multi-thousand-dollar Italian ovens that require the type of outdoor space usually called “grounds” and deep, deep pockets. The allure of the Ooni Karu is that it’s wood-fired, so you’re getting the same culinary experience as a built-in pizza oven, albeit in miniature. “The Elements of Pizza” by Ken Forkish became his bible, and he learned to make 48- and 24-hour dough and different types of pizza sauce.

Persons: Sunshine Flint, Nick, margherita, Ken Forkish, he’s, Nick wows, We’ve Organizations: Garmin, Scottish Locations: Hudson

☆ If You Ever Thought You Were a Pizza-Oven Person, This is the One to Buy
▼ + stars: | 2022-09-22 | by ( ) www.wsj.com time to read: +3 min

☆ Facebook whistleblower Frances Haugen launches nonprofit to make social media healthier
▼ + stars: | 2022-09-22 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Former Facebook employee-turned-whistleblower Frances Haugen on Thursday announced a new nonprofit with the goal of making social media healthier. Haugen has become a well-known figure since leaking tens of thousands of pages of internal documents and later revealing her identity on "60 Minutes" last year. Facebook has previously said the documents were cherry-picked and their framing skewed away from potentially positive interpretations of the data. Haugen has more recently advocated for specific laws in the U.S. and abroad that aim to make social media safer for kids. Haugen voiced her support for the California Age-Appropriate Design Code Act, which was recently signed into law by Gov.

☆ Alex Jones' billion-dollar judgement: The conspiracy theorist has turned career-ending setbacks into profit windfalls, but this could be too much to overcome
▼ + stars: | 2022-09-22 | by ( Ashley Collman | Tom Porter | ) www.businessinsider.com time to read: +22 min

Robbie Parker was later falsely called a crisis actor, and the Parkers are among those who sued Alex Jones for defamation. Longtime informal adviser to Donald Trump, Roger Stone (right), and and Alex Jones (left) speak to reporters in December 2018. Picture showing a computer screen displaying the Twitter account of Far-right conspiracy theorist Alex Jones taken on August 15, 2018 in Washington DC. "Alex Jones is likely to continue being Alex Jones, which means he's likely to try all kinds of shenanigans to avoid accountability," said Holt. "The money awarded in damages does not repair what Alex Jones has done to those parents' lives, but it could be a step towards dismantling the toxic empire that Alex Jones has built around his brand."

☆ Analysis: Rally in U.S. consumer stocks teeters with Fed, inflation in focus
▼ + stars: | 2022-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

read moreRegister now for FREE unlimited access to Reuters.com RegisterThe gains in the consumer discretionary sector may prove fleeting. read moreStill, some investors believe inflation and growth woes may already be largely reflected in many consumer discretionary shares. "But we're seeing a lot of consumer stocks that we think will hold up and come out of this in a better position." Consumer stocks are rallying despite looming Fed hikes. Global fund managers have remained bearish on consumer discretionary stocks despite recent gains, with nearly 25% of those surveyed by BofA Global Research this month underweight the sector - the most of any group.

And we still do.”A recent study of small business owners by the U.S. Chamber of Commerce found that inflation and supply chain issues are the top challenges entrepreneurs face today. One in three small business owners call inflation their highest concern and 67% of them have raised prices in response to inflation. “The Paycheck Protection Program continues to be disadvantageous to smaller businesses, businesses owned by people of color, and businesses without employees. According to NBC Bay Area, searches for “Black-owned businesses near me” peaked in June 2020, with companies like Yelp making it easier for people to find and support Black-owned businesses, per data from Google. She said that during the height of the social justice movement, corporations and financial institutions pledged to support Black-owned businesses.

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