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☆ Subway says it's exploring a sale
▼ + stars: | 2023-02-14 | by ( Samantha Delouya | Nancy Luna | ) www.businessinsider.com time to read: +2 min

Subway said Tuesday that it is exploring a sale of the chain. Last month the WSJ said Subway was up for sale in a deal that could fetch more than $10 billion. "There is no indication of timing or assurance that a sale will occur," the sandwich chain said in a brief statement. Last month, the Wall Street Journal said Subway was exploring a sale that could value the sandwich chain at more than $10 billion. In late January, Subway's late cofounder, Buck, gave his 50% stake in Subway to his foundation, where his two sons work.

☆ Top Wall Street analysts like these stocks for the long haul
▼ + stars: | 2023-02-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Costco recently reported better-than-anticipated net sales growth of 6.9% and comparable sales growth of 5.6% for the four weeks ended Jan. 29. Benedict's convictions can be trusted, given his 55th position out of more than 8,300 analysts in the TipRanks database. Amazon's first-quarter sales growth outlook of 4% to 8% reflects further deceleration compared with the 9% growth in the fourth quarter. Rakesh sees a "modest downside" to Wall Street's consensus expectation for the 2023 revenue growth for Amazon's retail business.

☆ A bull shark likely behind fatal attack of 16-year-old girl swimming in a river, say authorities
▼ + stars: | 2023-02-05 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

Authorities in Perth, Western Australia, believe that a bull shark is responsible for a fatal attack. Bull sharks, which can live in salt and fresh water, can be aggressive though fatal attacks are rare. Bull sharks are the most dangerous sharks in the world, according to many experts, because they hunt along shorelines where people gather to swim. One of the biggest bull sharks recorded was 13 feet long and weighed 990 pounds. The Swan River had not seen a fatal shark attack since January 1923, when a bull shark killed a 13-year-old boy.

☆ Watch CNBC's full interview with NatWest's Michelle Girard and Bleakley's Peter Boockvar
▼ + stars: | 2023-02-03 | 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 EmailWatch CNBC's full interview with NatWest's Michelle Girard and Bleakley's Peter BoockvarMichelle Girard, head of U.S. at NatWest Markets, and Peter Boockvar, CIO of Bleakley Financial Group, join 'The Exchange' to discuss the pace of job hiring in the U.S., Fed action and wages.

☆ Friday's strong jobs number pushes back timing of potential recession, says Michelle Girard
▼ + stars: | 2023-02-03 | 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 EmailFriday's strong jobs number pushes back timing of potential recession, says Michelle GirardMichelle Girard, head of U.S. at NatWest Markets, and Peter Boockvar, CIO of Bleakley Financial Group, join 'The Exchange' to discuss the pace of job hiring in the U.S., Fed action and wages.

☆ Expect a bull market in oil throughout 2023, says Goldman Sachs' Elizabeth Burton
▼ + stars: | 2023-02-03 | 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 EmailExpect a bull market in oil throughout 2023, says Goldman Sachs' Elizabeth BurtonCIO of Bleakley Financial Group Peter Boockvar and Elizabeth Burton, client investment strategist with Goldman Sachs Asset Management, join 'The Exchange' to discuss the commodities market as a safe-haven investment, winners and losers of the China reopening story, and strategic allocation of portfolios.

☆ Late Subway co-founder's stake donated in potential tax shield
▼ + stars: | 2023-02-01 | by ( Abigail Summerville | ) www.reuters.com time to read: +2 min

It will shield both the estate and the foundation from a big tax bill were Subway to be sold. Reuters reported in January that Subway was exploring a sale with the help of a financial adviser. A Subway spokesperson said the company does not comment on ownership structure and business plans. Buck, who was a nuclear physicist, and co-founder Fred DeLuca started Subway in 1965 after DeLuca asked Buck for advice on how to pay for his college tuition. Reporting by Abigail Summerville in New York; Editing by Anirban Sen and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Former South Carolina Gov. Nikki Haley to run against Trump for the GOP nomination for president: report
▼ + stars: | 2023-02-01 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Nikki Haley is running for president, per a report from a South Carolina paper. The Post and Courier reported that Haley will formally announce a run on February 15 in Charleston. If Haley announces, she will be running against former President Donald Trump for the 2024 nomination. Nikki Haley is running for president, according to a new report. When one is considering a run for president, Haley said, you would consider two things: "Does the current situation push for new leadership?

☆ Fed rate hike prospects are reliant on non-farm payrolls, says Morgan Stanley's Seth Carpenter
▼ + stars: | 2023-02-01 | 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 EmailFed rate hike prospects are reliant on non-farm payrolls, says Morgan Stanley's Seth CarpenterSeth Carpenter, Morgan Stanley chief global economist, and Peter Boockvar, Bleakley Financial Group CIO, join 'Squawk Box' to discuss Europe's recent rate hike, market prospects for Wednesday's Federal Reserve announcement, and more.

☆ Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
▼ + stars: | 2023-01-31 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

"He's going to do that by still saying the Fed's going to stay tight for a while. The Fed's rate hike Wednesday would be the eighth since last March. That is just a half percentage point away from the Fed's estimated end point, or terminal rate range of 5% to 5.25%. In the futures market, fed funds futures continued to price a terminal rate of less than 5%. "I think he's going to be hawkish relative to market pricing," said Jim Caron, head of macro strategies for global fixed income at Morgan Stanley Investment Management.

☆ Subway's late cofounder will give half the company to a charity where his 2 sons work, amid reports the chain is considering a sale
▼ + stars: | 2023-01-31 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Subway's last surviving founder, Peter Buck, died in 2021. Buck, who died last year, left his 50% stake in the chain to the Peter and Carmen Lucia Buck Foundation, according to a Tuesday announcement by the charity. Peter Buck was 34 when he partnered with a 17-year-old family friend, Fred DeLuca, to open a submarine sandwich shop. In 2020, the chain laid off hundreds of corporate staff to cut costs amid rumors of a company sale. Are you a Subway insider with insight to share?

☆ Rocket Lab establishes new U.S. foothold with successful launch after years of delays
▼ + stars: | 2023-01-25 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

The company's Electron rocket lifts off from LC-2 at NASA's Wallops Flight Facility in Virginia on Jan. 24, 2023. Rocket Lab 's first U.S. launch got off the ground Tuesday evening, marking a successful mission and a long-awaited expansion of the company's capabilities. The company's Electron rocket launched from NASA's Wallops Flight Facility on the coast of Virginia, carrying a trio of satellites to orbit for radio frequency analytics specialist Hawkeye 360. Rocket Lab Electron launches possible with our game-changing flight safety technology," he said. Rocket Lab stock was down about 2% in early trading Wednesday from its previous close of $4.97 a share.

☆ Robert De Niro was almost my 50-50 partner in MoviePass — and he showed me the 'Raging Bull' boxing ring to try to seal the deal
▼ + stars: | 2023-01-23 | by ( Stacy Spikes | ) www.businessinsider.com time to read: +15 min

One night, I said to Marianne, "What if we made a Netflix for the movie theater industry? I tried to push my subscription idea, but it fell flat. I continued to tread water on my subscription idea, but things were slow going. One Saturday, a dear friend of ours named Peter called and asked how the movie subscription idea was coming. They're interested in buying both the Urbanworld Film Festival and the movie subscription company for one million dollars.

☆ 'Bear markets end with outright disgust': Top investor Peter Boockvar warns that a third leg of the sell-off is coming as investors remain too optimistic about corporate earnings and a Fed pivot
▼ + stars: | 2023-01-21 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But as the Fed has continued to ratchet up interest rates, good economic news has again become good news to the market. But market participants shouldn't be too optimistic that a true bottom to the bear market is in, according to Peter Boockvar. "The third phase of the bear market is everyone throws in the towel, and no one wants to own a stock again," he told Wealthion. Bear markets end with outright disgust." Goldman Sach's David Kostin, who is more bullish than Wilson in the near-term, assuming a recession doesn't play out, also thinks earnings expectations are too high.

“Around the country, MAGA extremists are lining up to take on those bedrock freedoms,” Mr. Biden said, using Mr. Trump’s Make America Great Again slogan to describe the former president’s allies. While he had repeatedly and consistently said he intended to run, Mr. Biden stoked renewed speculation by delaying his kickoff for months. Mr. Biden tapped Julie Chávez Rodríguez, a senior White House adviser and granddaughter of the iconic labor leader Cesar Chávez, as his campaign manager. But the operation is expected to be overseen from the White House by top presidential aides. While polls show that most Democrats have favorable opinions about Mr. Biden, a majority of them would still rather he not run again.

☆ Barry Callebaut sales volumes fall 5% during its first quarter
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Jan 18 (Reuters) - Barry Callebaut (BARN.S) sales volumes fell 5.1% in the three months to the end of November, the world's largest chocolate maker said on Wednesday, as it was hit by lower output at its biggest factory. Volumes fell to 579,000 tonnes from 610,000 tonnes a year earlier, said the company whose products are used by food makers including Nestle (NESN.S) and Unilever . Volumes fell as the Swiss company started ramping up production again at its Wieze factory in Belgium, which was hit by a health scare last year. Sales revenue increased by 3.8% to 2.1 billion Swiss francs ($2.28 billion), as the company passed on raw material price increases the company said. ($1 = 0.9229 Swiss francs)Reporting by John Revill; Editing by Noele Illien Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ Salary Transparency Is Coming — so I Decided to Tell Everyone What I Make
▼ + stars: | 2023-01-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +37 min

But there's a glaring catch to my support for pay transparency: I haven't actually practiced it in my own life. To find out why, I decided to commemorate the dawning age of salary transparency by telling pretty much everyone in my life what I earn. Norway responded to pay transparency with yet another level of transparency, and that brought down the level of snooping.. Thanks to its nationwide experiment, Norway has been fertile ground for scholars trying to measure the consequences of extreme pay transparency. But I do believe that as more states implement pay-disclosure laws — and as Gen Z increasingly comes to dominate the workforce — salary transparency is going to become the new norm.

☆ Asia-Pacific shares trade mixed following cooler U.S. inflation print
▼ + stars: | 2023-01-13 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

The slight decline in consumer prices in December will not change the path for the Federal Reserve, as it meets to raise rates Jan. 31 and Feb. 1. CPI fell by 0.01%, as expected by economists, and was up 6.5% from a year ago. Stock futures were higher after the report while Treasury yields fell. Swonk and other economists expect the Fed to raise rates by a half percentage point on Feb. 1. The futures market, however, has been pricing in a quarter point hike.

☆ Subway is reportedly looking to put itself up for sale in a deal that could exceed $10 billion
▼ + stars: | 2023-01-12 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Subway is looking to put itself up for sale in a deal that could fetch more than $10 billion, according to the WSJ. The reported decision comes a little more than a year after the company's last surviving founder died in 2021. Subway is undergoing a revamp under CEO John Chidsey after facing slumping sales and store closures. The sandwich chain is reportedly looking to court corporate buyers or private-equity companies but is still early in the process. In a statement to Insider, a Subway spokesperson said: "As a privately held company, we don't comment on ownership structure and business plans.

☆ Earnings season will derail year's early risk-on rally, Peter Boockvar warns
▼ + stars: | 2023-01-12 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings season will derail year's early risk-on rally, Peter Boockvar warnsBleakley Financial Group CIO Peter Boockvar on what the latest inflation read means for the market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

☆ Inflation is expected to have declined in December, but it may not be enough to stop the Fed
▼ + stars: | 2023-01-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

They also point to weaker-than-expected wage growth in December's jobs report, as well as other data that reflects lower inflation expectations. Inflation is rolling over, and the Fed is almost done raising interest rates," said Peter Boockvar, chief investment officer at Bleakley Financial Group. A basis point equals 0.01 of a percentage point. Rental market data shows a slowing in rates, but the CPI has not yet reflected it. "Everyone is familiar with the lag that it takes for the data to show up in the CPI," Tilley added.

☆ Asia-Pacific markets set to rise as China reopens borders with Hong Kong
▼ + stars: | 2023-01-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

While some economists anticipate a half point hike after that meeting, traders in the futures market put greater odds on a smaller, 25 basis point hike. A basis point equals 0.01 of a percentage point. "It's pricing 100% chance of a 25 basis point hike, and a 30% chance for an additional 25. "The market is still expecting the Fed to go another 60, almost 70 basis points," he said. Boockvar said the end point for the Fed matters more than if it raises by 25 basis points or 50 when it next meets.

☆ Corporate spending likely to continue in 2023 amid recession fears, CFOs say
▼ + stars: | 2023-01-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

2023 is arriving with plenty of uncertainty, as recession prospects, continued inflation concerns, and the potential for a consumer spending pullback are all clouding forecasts. But corporate capital spending looks to continue to forge ahead, according to the results of the recent CNBC CFO Council Q4 survey. More than one-third of respondents said that they expect their company's capital spending to increase over the next 12 months, while 39% said their capital spending will stay about the same as last year. Peter Boockvar, chief investment officer at Bleakley Financial Group, said at the Summit that he views corporate capital spending going forward as "bifurcated." Roughly 65% of CFOs responding to the survey said they think inflation has already peaked, while more than 80% are already forecasting a recession for 2023.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Trump invited the press to a 'media availability' slot at Mar-a-Lago. Not a single cable news network covered it.
▼ + stars: | 2023-01-01 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Donald Trump invited the press to a "media availability" slot at Mar-a-Lago on New Year's Eve. No cable news network covered it, not even Newsmax, according to Raw Story. But in a likely blow to Trump's ego, not a single cable news network covered it, according to Raw Story. On Saturday, MSNBC host Alex Witt announced that the former president would host a surprise New Year's Eve "media availability" slot at approximately 9 p.m. on New Year's Eve. A video of the "media availability" slot, which was covered by the fringe conservative media outlet Right Side Broadcasting Network (RSBN), shows that Trump spoke about the FBI, his 2024 presidential campaign, and Russia's war in Ukraine.

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