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☆ Unlike last year, this tax season has been going smoothly
▼ + stars: | 2023-03-16 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

But by comparison, this year’s tax-filing season has been going relatively smoothly, tax preparers say. “After a few years of pandemic-related updates, mid-tax season IRS guidance, last-minute tax law changes and more, the ‘quiet’ is a welcome change to many,” the National Association of Tax Preparers said in a statement. Better but far from perfectA return to a more normal tax-filing season doesn’t mean tax preparers and their clients are getting all the guidance that they need, though. But the quality of the answers to their questions and request for guidance has still left some tax preparers wanting. And when it comes to online services, Colorado-based enrolled agent John Dundon II has noticed some improvements as well.

☆ Treasury ETFs easier to buy than Treasury notes, says F/M Investments' Alex Morris
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTreasury ETFs easier to buy than Treasury notes, says F/M Investments' Alex MorrisAlex Morris, chief investment officer at F/M Investments, joins 'Power Lunch' to discuss volatility and positive yields in Treasurys, and the benefits of the Treasury ETFs.

☆ Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
▼ + stars: | 2023-03-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.

☆ Tyson is laying off nearly 1,700 poultry plant workers
▼ + stars: | 2023-03-14 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Tyson is laying off nearly 1,700 workers as it closes two poultry plants in an effort to boost profits. In this case, Tyson is pointing to weakness in its poultry operations. Tyson, a major meat and poultry processor, mentioned problems in its chicken business during a February analyst call discussing the company’s most recent quarterly results. Tyson announced Wes Morris as the new head of its poultry business in January. Morris, a long-time employee of the company, left Tyson in 2017 and had since consulted for its poultry business.

☆ Roman 'shrine' discovered in cathedral graveyard could be a sacrifice site linked to fertility and mystery cults, say archaeologists
▼ + stars: | 2023-03-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Archeologists in Britain discovered what they believe to be an ancient Roman shrine. Archaeologists from the University of Leicester excavate a Roman cellar at Leicester Cathedral. There has always been a "folk tale" for centuries that a Roman temple once stood where the Leicester Cathedral is now, the expert said. Archeologists made many other finds at the cathedral site, including ancient Roman coins and pottery. "This excavation has produced a remarkable amount of archaeological evidence from a modestly sized area," said John Thomas, Deputy Director of the University of Leicester Archaeological Services.

☆ Pickleball is America’s fastest-growing sport. These people hate it
▼ + stars: | 2023-03-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

The sound and disruption from pickleball, America’s fastest-growing sport, is driving some neighbors, tennis players, parents of young children, and others crazy. Pickleball is America's fastest-growing sport. Some tennis players are also frustrated because pickleball is taking over tennis courts. There were 11,000 places to play Pickleball at the end of 2022, an increase of around 130 new locations a month, according to USA Pickleball, the sport’s national governing body. People play pickleball on what were once tennis courts at Allendale Park in Pasadena, CA, in 2022.

In March 2020, the virus held many mysteries. Some early assumptions didn’t hold up, while other key findings wouldn’t come until much later. If we could do it all over again…

☆ How manufacturing chips in the US could make smartphones more expensive
▼ + stars: | 2023-03-09 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

So far, the law has spurred $200 billion of announced investment in U.S. chip manufacturing, the Semiconductor Industry Association said in December. How much of phone cost is in the chips On its face, a significant hike in chip prices has implications for consumers because chips are such a big component in overall phone manufacturing cost. For Samsung , the combined 5G modem and core apps processor add up to $193 of the $618 manufacturing cost of an S-22 Plus phone. Bringing chip manufacturing to the U.S. is expensive in many respects. "The high costs of construction includes labor costs, costs of permits, cost of occupational safety and health regulations, inflationary costs in recent years, and people and learning curve costs."

☆ Altria to revive vaping push with $2.8 bln NJOY bid after Juul fiasco
▼ + stars: | 2023-03-06 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Altria is betting that NJOY will prove to be an easier way to tap the market since six of the company's products have received full approval from the U.S. Food and Drug Administration. Altria on Friday exchanged its investment in Juul, last valued at $250 million, for some of the vaping company's heated tobacco intellectual property. "We are no longer limited by the terms of those agreements to pursue other strategic opportunities and partnerships," Juul said. Altria's stake in Juul, valued at $12.8 billion in 2018, had raised antitrust concerns and the Federal Trade Commission filed a complaint in April 2020. The NJOY deal will include an additional $500 million in cash payments based on regulatory approvals of the company's other products.

☆ Altria to buy e-cigarette startup NJOY for $2.8 bln after Juul exit
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

March 6 (Reuters) - Altria Group Inc (MO.N) said on Monday it would buy e-cigarette startup NJOY Holdings Inc for about $2.75 billion in cash, in fresh bets by the Marlboro maker on the fast-growing market after losing billions through its investment in Juul. The value of Altria's investment in Juul slid to $250 million as of December last year from $12.8 billion it invested in 2018. The NJOY deal will include an additional $500 million in cash payments subject to regulatory outcomes related to some NJOY products, Altria said. NJOY is one of the handful of vaping companies whose products have clearance from federal regulators. Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Altria to light up vaping push with $2.8 bln NJOY bid after Juul fiasco
▼ + stars: | 2023-03-06 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Altria on Friday said it had exchanged its investment in Juul, last valued at $250 million, for some of the once red-hot vaping company's heated tobacco intellectual property. Altria's stake in Juul, valued at $12.8 billion in 2018, had raised antitrust concerns and the Federal Trade Commission filed a complaint in April 2020. NJOY's products include Ace Pods - currently the only pod-based e-vapor product with market authorizations from the FDA - and disposable e-cigarettes under the NJOY Daily brand. The deal will include an additional $500 million in cash payments based on regulatory decisions related to other NJOY products, Altria said. Vapor products was a $7.84 billion market in the United States in 2021, up from $4.6 billion in 2017, according to Euromonitor International, and is projected to rise to $9.46 billion by 2025.

☆ Wall Street pros name the biggest risk to stock markets — and how to trade it
▼ + stars: | 2023-03-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.

☆ Morris Tanenbaum, Who Helped Put Silicon in Microchips, Dies at 94
▼ + stars: | 2023-03-05 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Morris Tanenbaum earned seven patents for his work on silicon semiconductor technology. One evening in 1955, Morris Tanenbaum ’s wife was playing bridge with friends. Dr. Tanenbaum, a chemist who worked for Bell Telephone Laboratories, the research arm of American Telephone & Telegraph Co., saw a chance to dash back to work to test his latest ideas about how to make better semiconductor devices out of silicon. He tried a new way of connecting an aluminum wire to a silicon chip. He was thrilled when it worked, providing a way to make highly efficient transistors and other electronic devices, an essential technology for the Information Age.

Brands will account for 70% of that spend, with most of the rest coming from so-called collectives, alumni groups that funnel money to athletes, according to Opendorse. Female athletes and meme starsGiven the wide-open field, brands’ strategies with NIL deals vary widely. Jill Cress, chief marketing and experience officer of H&R Block in a 2018 picture. Favorability ratings from both Gen Z consumers and parents of college students rose after the campaign, according to Ms. Cress. Bigger deals aheadNIL deals will likely evolve to often include intellectual property agreements with the schools in question, said Mr. Schwab.

☆ Trump and DeSantis are the only 'big fish' CPAC attendees expect in the 2024 presidential race. But several say there's nothing wrong with others auditioning for supporting roles.
▼ + stars: | 2023-03-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +7 min

Donald Trump and Ron DeSantis are top of mind at the 2023 Conservative Political Action Conference. CPAC participants suspect 2024 will come down to those two, while others vie for the VP slot. 'An interesting race'Rory McSchane, a GOP political strategist from Austin, Texas is in the more the merrier camp. "My sincere hope is that she would be the vice president," Yadeta said of having Haley round out the 2024 ticket. Should Scott wind up taking the plunge, Bencosme said she could see herself supporting him in the GOP primary — and possibly beyond.

☆ How the market has changed in the 20+ years I’ve covered it
▼ + stars: | 2023-03-03 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Eastman Kodak (KODK) was a Dow stock. I’ve written about B2B (aka business-to-business) software companies, cloud computing firms, IPOs and SPACs, and cannabis/pot stocks. There have been more flavors of the month in the stock market during my CNN career than at your local Baskin-Robbins. It’s fine to have a lot of your money in S&P 500 ETFs and other funds that will track the broader market. “We still continue to believe that over long periods of time, stocks provide a reasonable hedge against inflation,” Patterson said.

☆ Google execs tell employees in testy all-hands meeting that Bard A.I. isn't just about search
▼ + stars: | 2023-03-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

In the lead up to the Bard announcement, Google executives repeatedly said the technology it was developing internally would integrate with search. “We’re working to bring these latest AI advancements into our products, starting with Search,” the company said in a blog post. That same week, at an event in Paris, Google search boss Prabhakar Raghavan unveiled some fresh examples of using Bard within search. "You see the stories of ChatGPT coincides with an event that we’re having that was actually focused on search," Krawczyk said. Specifically, the question asked why Google lost so many key people who were listed on a paper about much of the AI technology behind Bard.

☆ Here are Wednesday's biggest analyst calls: Apple, Procter & Gamble, Tesla, Spotify, AbbVie & more
▼ + stars: | 2023-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley upgrades Sarepta to overweight from equal weight Morgan Stanley said it's bullish on the company's gene therapy drug, SRP-9001. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the EV maker after its earnings report on Tuesday, but says it's now a show-me story. Morgan Stanley reiterates Eli Lilly as top pick Morgan Stanley said the stock is best-in-class and that it's bullish on its diabetes drug, Mounjaro. Morgan Stanley names JD.com a catalyst driven idea Morgan Stanley said it's bullish heading into the China e-commerce company's earnings on March 9. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by shares of Microsoft.

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☆ Bonds back on? ETF strategies for the balance-seeking investor
▼ + stars: | 2023-03-01 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

And as yields on 2-year Treasurys approach 5%, single Treasury bond ETFs are attracting big inflows as investors seek balance in an uncertain inflationary environment. The 2-year Treasury yield closed the month of February on a tear, advancing more than 70 basis points for the month and climbing to 4.878% on Wednesday. The iShares Short Treasury Bond ETF (SHV) is comprised of securities with one to 12 months of remaining maturity. The SPDR Portfolio Short Term Treasury ETF tracks between one and three years. Similarly, VettaFi's Vanguard Short-Term Treasury ETF (VGSH) focuses on exposure to bonds with that maturity duration.

☆ TikTok's potential ban in U.S. could be boon for Meta and Snap
▼ + stars: | 2023-03-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Jonathan Raa | Nurphoto | Getty ImagesInvestors in Meta , Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. Meta climbed 1% on Wednesday, and Snap was unchanged. She said that Meta's Facebook, Snap and Google's YouTube could be "huge beneficiaries" if the ban ultimately takes place. watch now"A U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide," a TikTok spokesperson said Wednesday. Andrew Boone, an analyst at JMP, said that Meta likely stands to benefit the most should TikTok face a U.S. ban.

☆ NBA roundup: Spurs top Jazz, end 16-game skid
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +9 min

Jeremy Sochan added 13 points and Devonte' Graham had 12 for the Spurs, who got just their 15th win. Lauri Markkanen scored 28 points with 10 rebounds for Utah, Talen Horton-Tucker scored 16 points and Walker Kessler contributed 10 points and 15 boards. The Bucks are on their fifth 15-game winning streak in team history and second in four seasons after winning 18 straight Nov. 10-Dec. 14, 2019. Spencer Dinwiddie added 26 points, but Brooklyn scored only 19 points in the fourth and dropped its third straight. Zach LaVine added 17 points, DeMar DeRozan scored 13 points and Ayo Dosunmu scored 10.

☆ Benioff more than delivers with Salesforce's fourth-quarter beat and sky-high guidance
▼ + stars: | 2023-03-01 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club holding Salesforce (CRM)'s fiscal fourth-quarter results crushed expectations across the board Wednesday, while its forward guidance made clear CEO Mark Benioff is uniquely positioned to deliver profitability at the enterprise software pioneer. Operating cash flow surged nearly 41% from the previous year, to $2.79 billion, beating estimates of $2.5 billion. Benioff said management is "reigniting [Salesforce's] performance culture" and doubling down on the accountable management of its sales organization, while reducing headcount and consolidating the company's real estate footprint. The company is trying to better integrate acquisitions and prioritizing those "core innovations that are driving customer success," Benioff said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Generative AI boost for Nvidia NVDA 1Y mountain Nvidia (NVDA) 1-year performance Nvidia (NVDA) was the Club's biggest winner in January, climbing 33.7%, and in February its 18.8% monthly gain is second to only Bausch Health (BHC). The stock's exceptional performance this year goes much deeper to company-specific factors — specifically, all the buzz around generative artificial intelligence (AI). "AI adoption is at an inflection point," Nvidia CEO Jensen Huang said on the chipmaker's earnings conference call last week. Bausch bounces, but questions remain BHC 1Y mountain Bausch Health (BHC) 1-year performance Bausch Health (BHC) has had an incredible start to the year, climbing roughly 21% in both January and February. Efficiency commitment lifts Meta META 1Y mountain Meta Platform (META) 1-year performance Meta Platforms (META) has really turned it around, gaining roughly 24% in January and over 17% in February.

☆ As markets turn rocky, bond ETFs are giving stocks a run for their money
▼ + stars: | 2023-02-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

She inquired about buying Treasury bonds directly, which she has never once inquired about in the past. Asking about putting all your money into bonds and chucking the stock market is like the shoeshine boy talking about stock market tips at the top of the stock market. Individuals can of course buy Treasury bonds directly from the U.S. government through TreasuryDirect. Similar products, such as the Schwab Short-Term U.S. Treasury ETF and the SPDR Portfolio Short Term Treasury ETF, also have seen significant inflows in recent months. "ETFs for Treasurys are preferred by many, basically all because they trade like a stock," Morris told me.

☆ ETF Edge: High yields and no credit risk make short-term Treasurys more attractive, says F/M Investments' Morris
▼ + stars: | 2023-02-27 | 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 EmailETF Edge: High yields and no credit risk make short-term Treasurys more attractive, says F/M Investments' MorrisAlex Morris, F/M Investments CIO, joins the 'Halftime Report' to discuss using ETFs to invest in Treasurys, alternatives to buying bonds and increasing investor interest in the bond market.

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