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SBUX mountain 2021-11-01 Starbucks (SBUX) China's reopening from last year's Covid lockdowns has progressed according to plan with no setbacks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ In Abortion Pill Ruling, the Supreme Court Trades Ambition for Prudence
▼ + stars: | 2023-04-22 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

WASHINGTON — It was an interim ruling, and the majority gave no reasons. But the Supreme Court’s order on Friday night maintaining the availability of a commonly used abortion pill nonetheless sent a powerful message from a chastened court. Ten months ago, five conservative justices overturned Roe v. Wade, eliminating a constitutional right to abortion that had been in place for half a century. All three of the Trump justices were in the majority. Cynics might be forgiven for thinking that the decision last June, in Dobbs v. Jackson Women’s Health Organization, was a product of raw power.

☆ Opinion: Jonathan Majors case raises urgent questions
▼ + stars: | 2023-04-21 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +9 min

As someone who has spent her career writing about and reporting on women’s rights, including domestic violence, I see them as the exact opposite of exonerating. All acts of intimate partner violence are equally wrong, but they are not equally predictive of greater violence. As long as it’s an institution that emphasizes hypermasculinity and doesn’t fully accept women, it will be an institution where domestic violence remains a problem. And finally, we know that domestic violence victims often blame themselves. And these same sexist stereotypes infuse media coverage and public conversations about partner violence.

☆ With the banking crisis on hold, the Fed is back to fighting inflation
▼ + stars: | 2023-04-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The Federal Reserve's policy pendulum has swung back to inflation fighting. "The view is based on banking sector stress remaining contained, the economic expansion continuing and core inflation remaining stubbornly high." A cooling crisis Indeed, Fed Chairman Jerome Powell and other central bankers in late February and early March were indicating chances of half-point rate hikes . Watching the banks, and the market To be sure, the banking situation remains in flux and could yet shape Fed policy. At the same time, the two-year Treasury note yield, which is most sensitive to Fed policy moves, has jumped about half a percentage point over the past two weeks.

☆ Fed's Goolsbee says he is watching for other 'credit shoes' to drop
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting to see "whether there are other credit shoes to drop." "Not in the crisis sense, but in the how much squeezing is going to be coming up from the bank side," Goolsbee said in an interview with American Public Media's Marketplace. "I think it’s going to matter for whether this economy is going to slow down." In the next two weeks, he said, he will focus on prices and credit. Reporting by Ann Saphir Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Top Wall Street analysts say buy these stocks amid the latest macroeconomic uncertainty
▼ + stars: | 2023-04-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Domino'sWall Street analysts are focusing on companies that are well-positioned to navigate the ongoing economic turmoil and emerge stronger. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Moskowitz holds the 237th position among more than 8,300 analysts followed by TipRanks. Costco recently reported 0.5% growth in its March sales to $21.71 billion, with its comparable sales declining 1.1% year-over-year. Saleh reiterated a buy rating on Domino's with a price target of $400.

☆ The Fed is winning its war on inflation — and it means America could avoid a painful recession
▼ + stars: | 2023-04-12 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's a slowdown from the February's 6.0% reading, and it shows the Fed's war on inflation is working. That 5.0% inflation rate is the lowest since May 2021. While the Fed isn't planning on cutting interest rates this year, the latest economic data is a hint that a pause could be on the horizon. The bank's collapse amplified Powell critics' calls to pause interest rate hikes because of the economic uncertainty the debacle prompted. That along with too-high shelter and core inflation possibly keeping the Fed in a rate-hiking mindset means a recession isn't completely off the books.

☆ Premarket stocks: Main Street investors bet on comeback for regional banks
▼ + stars: | 2023-04-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. At the same time, he said, institutional investors, the so-called “smart money,” have been trading out of volatile regional bank stocks. That could mean bad news for those who are betting they’ll see big returns on regional bank stocks. This is a risky move for retail investors, said Iachini, and a speculative play. We’re not seeing a meaningful recovery, at least yet, for regional bank stocks, he said.

☆ Fed official: Central bank should be ‘cautious’ in wake of banking turmoil
▼ + stars: | 2023-04-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN —The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. “At moments of financial stress like this, the right monetary policy is really caution and watchfulness and prudence,” he said. Currently, he added, there’s not conflict between monetary policy and potentially tightening credit conditions. Still, Goolsbee added, the Fed needs to be “on watch” for the possibility of tighter credit conditions. “If the response to these banking problems leads the financial industry to tighten on its own, that monetary policy has to do less,” he said.

☆ At Easter vigil, Pope Francis encourages hope amid 'icy winds of war'
▼ + stars: | 2023-04-08 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/5] Pope Francis presides over the Easter Vigil in Saint Peter's Basilica at the Vatican, April 8, 2023. REUTERS/Remo CasilliVATICAN CITY, April 8 (Reuters) - Pope Francis led the world's Roman Catholics into Easter at a Saturday night vigil Mass in St. Peter's Basilica, decrying the "icy winds of war" and other injustices. The 86-year-old Francis skipped an outdoor event on Friday night because of unseasonably cold temperatures in Rome. Francis appeared to be well during the Easter Vigil service, during which he baptised eight adult converts to Catholicism. Easter is the most important day in the Christian liturgical calendar because it commemorates the day the Bible says Jesus rose from the dead.

☆ Greek economy to grow 2.2% in 2023, prudence pivotal - cenbank chief
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +2 min

ATHENS, April 7 (Reuters) - Greece's economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal prudence as it enters a period of increased political uncertainty due to elections. Greece will hold a general election on May 21, weeks before the conservative government's term ends. But the vote is unlikely to produce a clear winner, setting the stage for protracted political manoeuvring and a runoff vote. His latest growth projection upwardly revises an earlier central bank estimate for economic expansion of 1.5% this year from 5.9% 2022, reflecting Greece's fiscal progress. "Since 2023 is a year of national elections, to maintain the climate of confidence in the prospects of the Greek economy, prudence and responsibility is required from political forces, that need to support the country's fiscal goals," he said.

☆ Warren Buffett's Berkshire Hathaway faces a brutal mix of economic headwinds. It will capitalize on the chaos, 8 experts say.
▼ + stars: | 2023-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Berkshire Hathaway faces high inflation, rising rates, and a potential recession and credit crunch. Warren Buffett's company will weather the storm and scoop up the bargains that emerge, experts say. Experts say Berkshire's ample cash reserves, strong brands, and prudent management will enable it to comfortably navigate a harsh economic environment. "Shareholders who plan on holding Berkshire for years into the future should hope for a near-term bear market in stocks. Brian Gongol, longtime Buffett follower and Berkshire shareholder:"It's better to be in Berkshire's shoes during challenging times than during a boom.

☆ CNBC Daily Open: Deutsche Bank is not Credit Suisse
▼ + stars: | 2023-03-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Deutsche Bank is the latest bank to suffer a panic-driven sell-off. Deutsche Bank is not another Credit Suisse in two key aspects. By contrast, Credit Suisse had a fourth-quarter loss of 1.4 billion Swiss francs ($1.51 billion), bringing it to a full-year loss of 7.3 billion Swiss francs. On the other hand, Credit Suisse disclosed it had to use "liquidity buffers" in 2022 as the Swiss bank fell below regulatory requirements of liquidity.

☆ Myanmar junta leader urges foreign powers to back its return to democracy
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

The junta will hold an election in August that has already been widely dismissed as a sham. It is likely to be dominated by a proxy party of the military that was trounced in the past two elections. "The military and government need to take action against the terrorist groups that are trying to devastate the country and are killing people," Min Aung Hlaing said. His coup abruptly ended a decade of tentative democracy and unprecedented economic development in Myanmar, which has been under military rule for five of the past six decades. Human rights groups accuse the military of committing atrocities in operations against the resistance fighters, including attacks on the civilian population.

☆ Tech CEOs increasingly admire Elon Musk's harsh leadership style, but they should actually take cues from Apple's Tim Cook
▼ + stars: | 2023-03-27 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Experts attribute Apple's stability and durability to CEO Tim Cook's steady leadership style. Experts say that Cook, not Twitter's Elon Musk, is the model that more execs should look to. The lessons CEOs can learn from Cook, the experts say, are that quiet prudence and practicality are always in fashion. By contrast, Cook's approach at Apple is often described as "pragmatic" and "risk averse," as Insider previously reported. Some workers see it as a precursor to the company firing employees who don't meet the requirement, Bloomberg reported.

☆ CNBC Daily Open: SVB deposits and loans find a buyer
▼ + stars: | 2023-03-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By all appearances, First Citizens Bank is a willing buyer of SVB — unlike UBS' forced marriage with Credit Suisse, orchestrated by Swiss regulators. Deutsche Bank is not another Credit Suisse in two key aspects. Deutsche Bank reported a 1.8-billion-euro ($1.98 billion) net profit, giving it an annual net income for 2022 of 5 billion euros. By contrast, Credit Suisse had a fourth-quarter loss of 1.4 billion Swiss francs ($1.51 billion), bringing it to a full-year loss of 7.3 billion Swiss francs.

☆ Actor Jonathan Majors arrested in New York on assault charges
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 26 (Reuters) - The actor Jonathan Majors was arrested in New York City over the weekend on assault and harassment charges, leading to the U.S. Army pulling new advertisements featuring the "Creed III" star. A 30-year-old woman suffered minor injuries to her head and neck and was taken to a hospital in stable condition, the New York Police Department said. Majors, 33, appeared in court for an arraignment later on Saturday and was released without bail. Priya Chaudhry, Majors' defense lawyer, said in a statement that Majors was innocent and that he was "provably the victim of an altercation with a woman he knows." She said that the episode occurred in a vehicle, and that the driver who witnessed it would help exonerate Majors.

☆ Morning Bid: Pride and prudence expected in UK budget
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

Hunt, who was drafted in last year after former Prime Minister Liz Truss's mini budget in September shook UK markets, is due to speak at 1230 GMT and is expected to stay away from big tax cuts or spending increases. That may sour risk appetite for investors after the relief rally got a leg up on Wednesday from China's economic activity data that showed gradual, but uneven recovery. Rising expectations that the Fed will not go back to jumbo hikes after Tuesday's inflation data also helped lift sentiment. European stocks may struggle to sustain the rally with futures indicating the market is due for a slightly higher open. Reuters GraphicsKey developments that could influence markets on Wednesday:Economic events: Inflation data for Sweden and FranceEurozone industrial production data; UK budgetReporting by Ankur Banerjee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Starbucks (SBUX.O) warned of a "cautious" recovery in its China sales. "Consumers have become more meticulous in their spending," its chief executive, Xu Lei, said in an earnings call on Thursday. "Now the Chinese tourists are either super rich or very poor," said the owner, who spoke on condition of anonymity. "This suggests that once the initial reopening rebound has happened, we shouldn't expect a further surge in consumer spending," he wrote in a note to clients. ($1 = 6.8780 Chinese yuan renminbi)Editing by Marius Zaharia and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Visco raps ECB colleagues in widening hawk-dove divide
▼ + stars: | 2023-03-08 | by ( Gavin Jones | ) www.reuters.com time to read: +2 min

ROME, March 8 (Reuters) - European Central Bank governing council member Ignazio Visco on Wednesday criticized some fellow policymakers for comments on future interest rates that diverged from what had been agreed at ECB meetings. "For this reason I don't appreciate comments by my colleagues regarding future and prolonged increases in rates," Visco added, in unusually blunt remarks that highlight a widening rift at the Frankfurt-based ECB. Visco said that while the ECB had managed to stabilise inflation expectations, geopolitical uncertainties meant economic developments were hard to predict. Other governing council members, considered policy hawks who attach overriding importance to curbing inflation even if it means hurting growth and employment, have gone further. The ECB has no policy meeting in April.

☆ The job cuts by companies like Uber and GM targeting low performers show CEOs are taking a hard-line approach to management
▼ + stars: | 2023-03-04 | by ( Rebecca Knight | Marguerite Ward | ) www.businessinsider.com time to read: +6 min

To wit, GM this week said it was axing roughly 500 salaried positions in performance-related job cuts. Business advisors who work with executives told Insider that companies conduct what are sometimes called "quiet layoffs" for two main reasons. Job cuts send a potent messageGM this week said it was axing roughly 500 salaried positions in performance-related job cuts. He recently told Insider that the widespread layoffs in tech are more likely due to companies parroting each other rather than necessary cost-cutting. In other words, a rival's announcement of job cuts gives other companies reason to follow suit.

☆ Malaysia's Anwar eyes smaller deficit in first budget, tightens spending
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +3 min

Anwar, in the report, said he will launch measures to strengthen the governance of public finances, and gradually reduce Malaysia's debt. Malaysia had earlier forecast 2023 growth at 4%-5%. Government expenditure this year is expected to total 386.1 billion ringgit ($87.11 billion), lower than last year's preliminary spending estimate of 395.2 billion ringgit. Revenue is expected to drop to 291.5 billion ringgit from 294.4 billion ringgit. State oil company Petronas (PETR.UL) is expected to pay the government a dividend of 40 billion ringgit, higher than the previous government's projection of 35 billion ringgit.

HONG KONG, Feb 22 (Reuters) - Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by COVID-19 restrictions, Financial Secretary Paul Chan announced in the 2023/24 budget on Wednesday. "However, the economic recovery is still in its initial stage, and there is a need for our people and businesses to regain vigour." Hong Kong counts on increased cross-border business with mainland China, which has also given up enforcing COVID rules. Hong Kong usually runs balanced budgets or surpluses, since its pegged currency system commits it to fiscal prudence, but still has ample reserves. ($1 = 7.8488 Hong Kong dollars)Additional reporting by Jessie Pang and Donny Kwok; Writing by Marius Zaharia; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Hong Kong will issue vouchers worth HK$5,000 ($637) per person to all adults this year, half the amount issued in 2022. Hong Kong usually runs balanced budgets or surpluses, since its pegged currency system commits it to fiscal prudence. "HAPPY" HONG KONG? He also said a "Happy Hong Kong" campaign would be launched for the general public, including gourmet food fairs and harbourfront carnivals that would help stimulate consumption. ($1 = 7.8488 Hong Kong dollars)Additional reporting by Jessie Pang; Writing by Marius Zaharia and James Pomfret; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ 'Unpredictable' election in Africa's largest economy is set to resonate around the world
▼ + stars: | 2023-02-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

After 24 years of uninterrupted democracy since ending military dictatorship in 1999, Africa's most populous nation and largest economy is conducting its seventh election. Muhammadu Buhari, Nigeria's president, speaks during the U.S.-Africa Business Forum in New York. Leena Koni Hoffmann, associate fellow of the Africa Programme at Chatham House, told CNBC on Monday that the presidential election will be the "most unpredictable" since the transition to civilian rule. Alongside the Covid-19 pandemic and war in Ukraine, Koni Hoffmann noted "missed opportunities" and "self-inflicted crises" under Buhari's regime. Economists panned the decision, which Koni Hoffmann suggested rendered Nigeria and its neighbors more vulnerable to the damage of the pandemic.

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