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☆ Hertz forecasts upbeat revenue after profit tops on strong rental car demand
▼ + stars: | 2023-02-07 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Hertz Global Holdings Inc (HTZ.O) said on Tuesday it expects revenue to rise sequentially in the second and third quarters of this year on the back of strong demand for rental cars in the face of economic worries. "I think they were more upbeat about the revenue trajectory than I expected," Northcoast Research Partners analyst John Healy said. Rising costs and supply shortages faced by automakers have made it more expensive for car buyers in an uncertain economy. Hertz, which operates the Hertz, Dollar and Thrifty vehicle rental brands, posted an adjusted profit of 50 cents per share, beating average analyst estimate of 46 cents, as per Refinitiv data. Hertz's fourth-quarter revenue rose 4% to $2.04 billion.

☆ Amazon touts 'even faster' deliveries made to customers 'within hours'
▼ + stars: | 2023-02-02 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Amazon is pushing "even faster" deliveries to customers around cities like Los Angeles and Phoenix. Same-day delivery customers can now get orders "within hours," per Amazon's Q4 report. Amazon Prime members can get free shipping on the breakneck deliveries, if their orders qualify. In the report, Amazon said that customers in those areas "can now receive hundreds of thousands of items within hours." Amazon Prime customers can get free same-day deliveries based on where they're located and what they're ordering, according to Amazon's website.

☆ Walmart throws shade at Amazon over new $150 minimum for free grocery delivery
▼ + stars: | 2023-02-01 | by ( Ben Tobin | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Amazon Prime members will soon need to spend $150 to get free grocery delivery via Amazon Fresh. Walmart wasted no time taking aim at its rival over the change to free grocery delivery. "That Fresh $150 free delivery minimum is looking pretty stale right about now," Walmart wrote in a tweet. In January, Amazon said that it would raise the minimum order amount for free delivery to $150 for Prime members. Founded in September 2020, Walmart+ offers members similar perks to Amazon Prime, such as free pickup and delivery from stores.

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands. Mr. Hallinan will remain CFO at Fortune Brands until March 2. At Stanley Black & Decker, Mr. Hallinan will succeed Corbin Walburger, who stepped in as interim finance chief last July when Donald Allan Jr. , the previous CFO, was elevated to chief executive officer. Patrick Hallinan has been appointed chief financial officer of Stanley Black & Decker, effective April 6.

☆ Watch CNBC's full interview with Paul McCulley and Jason Trennert
▼ + stars: | 2023-01-23 | 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 Paul McCulley and Jason TrennertPaul McCulley, former PIMCO chief economist, and Jason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, join 'The Exchange' to discuss why the Federal Reserve is still raising interest rates.

☆ We are living in a 'unique' post-pandemic world, says Paul McCulley
▼ + stars: | 2023-01-23 | 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 EmailWe are living in a 'unique' post-pandemic world, says Paul McCulleyPaul McCulley, former PIMCO chief economist, and Jason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, join 'The Exchange' to discuss why the Federal Reserve is still raising interest rates.

☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
▼ + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.

☆ Amazon's Prime membership program stopped growing in the US for the first time ever
▼ + stars: | 2023-01-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon's Prime membership may have even fallen last year, according to new estimates by CIRP. The research firm tracks the number of individuals using Amazon Prime, rather than total paying households. "Prime membership has essentially stopped growing in the US, after many years of extremely fast growth, and then modest growth in the last two or three years," CIRP said. Amazon doesn't publicly disclose the exact size of its Prime membership program. In 2021, Amazon's then-CEO Jeff Bezos said it had "more than 200 million Prime members worldwide."

☆ Economic troubles associated with Fed tightening have yet to be felt, says Jason Trennert
▼ + stars: | 2023-01-03 | 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 EmailEconomic troubles associated with Fed tightening have yet to be felt, says Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss what lies ahead for the markets, market indicators and more.

☆ Watch CNBC's full interview with Strategas Research's Jason Trennert
▼ + stars: | 2023-01-03 | 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 Strategas Research's Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss what lies ahead for the markets, market indicators and more.

☆ Media mogul Bloomberg eyes Dow Jones or Washington Post acquisition, no talks yet
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +3 min

According to the Axios report, Bloomberg sees News Corp-owned (NWSA.O) Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Amazon.com Inc (AMZN.O) founder Jeff Bezos was interested in selling. Bloomberg L.P., the Washington Post and Dow Jones did not immediately respond to Reuters' requests for comment. "The transaction would be challenged only if the resulting choices leave insufficient competition in the market for either users or suppliers. In October, Rupert Murdoch had started a process that could reunite his media empire, News Corp and Fox Corp (FOXA.O), nearly a decade after the companies split. Reuters competes with Bloomberg News, a unit of Bloomberg L.P., as a provider of financial news.

A spokesperson for the Washington Post, which Bezos bought in 2013 for $250 million, said it is not for sale. "A Bloomberg acquisition of the (Post) is not necessarily just a business decision. According to Axios, Bloomberg sees Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Bezos was interested in selling. Dow Jones did not immediately respond to Reuters' request for comment. Reuters competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a provider of financial news.

☆ Media mogul Michael Bloomberg looking to buy Dow Jones or Washington Post- Axios
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

Dec 23 (Reuters) - Billionaire Michael Bloomberg, the owner of Bloomberg L.P., is interested in acquiring either Wall Street Journal parent Dow Jones or the Washington Post, news website Axios reported on Friday, citing an unnamed source familiar with the matter. According to the Axios report, Bloomberg sees News Corp-owned (NWSA.O) Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Amazon.com Inc (AMZN.O) founder Jeff Bezos was interested in selling. Bloomberg L.P., the Washington Post and Dow Jones did not immediately respond to Reuters' requests for comment. In October, Rupert Murdoch had started a process that could reunite his media empire, News Corp and Fox Corp (FOXA.O), nearly a decade after the companies split. Reuters competes with Bloomberg News, a unit of Bloomberg L.P., as a provider of financial news.

☆ Abandoning rational energy policy in favor of environmental policy is an economic risk, says Jason Trennert
▼ + stars: | 2022-12-20 | 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 EmailAbandoning rational energy policy in favor of environmental policy is an economic risk, says Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to discuss his market outlook ahead of the open.

☆ Ron DeSantis outflanks Trump on the right with his call for Covid vaccine probe
▼ + stars: | 2022-12-13 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

Ron DeSantis was positioning himself to get to the right of the former president over the issue of Covid vaccines. DeSantis, who is mulling whether to challenge Trump in the 2024 Republican primary for president, deepened those suspicions Tuesday. That’s his record,” said Roger Stone, a longtime adviser to Trump and an outspoken critic of DeSantis. The poll also showed DeSantis ahead of President Joe Biden in a theoretical general election matchup by 47%-43%, but Biden topped Trump 47%-40%. “So the only option for DeSantis to pose a challenge to Trump is to attack him on the vaccine.

☆ Investors should get defensive with higher levels of cash than normal, says Jason Trennart
▼ + stars: | 2022-12-12 | 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 EmailInvestors should get defensive with higher levels of cash than normal, says Jason TrennartJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to discuss his recession outlook and recent comments from Treasury Sec. Janet Yellen.

☆ Watch CNBC's full interview with Strategas' Jason Trennart on recession chances
▼ + stars: | 2022-12-12 | 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 Strategas' Jason Trennart on recession chancesJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to discuss his recession outlook and recent comments from Treasury Sec. Janet Yellen.

☆ China will eventually have to find a compromise on zero-Covid, says Jason Trennert
▼ + stars: | 2022-11-28 | 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 EmailChina will eventually have to find a compromise on zero-Covid, says Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to break down his market outlook ahead of the open.

☆ Activist investor asks News Corp to spin off unit instead of merger with Fox
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - Activist investor Irenic Capital Management, which holds 2% of News Corp's (NWSA.O) Class B shares, has suggested a spin-off of the media company's digital real estate business or Dow Jones as an alternative to its merger with Fox Corp (FOXA.O). Shares of News Corp, which has a market value of $10.34 billion, were down 1.7% in morning trade. "Putting the two (News Corp and Fox) together makes no sense to us." In October, media mogul Rupert Murdoch proposed to reunite his media empire by combining News Corp and Fox Corp nearly a decade after the companies split. "The problem is they did not go far enough after they separated out News Corp in 2013," Huber added.

☆ Amazon is gutting its voice-assistant Alexa. Once founder Jeff Bezos's pet project it's now the primary target of historic layoffs.
▼ + stars: | 2022-11-19 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Amazon's Alexa and the devices team at large is now the prime target of the biggest layoffs in the company's history, according to press reports and an internal email seen by Insider. Instead, Amazon wanted shoppers to buy more things through Echo devices by placing orders through the voice-assistant. Reports of Alexa mistakenly sending voice recordings to the wrong person or Amazon employees secretly listening to private conversations stoked fear of privacy concerns. But even so, its financial contribution often fell short of expectations, more than half a dozen employees told Insider. Employees told Insider the product is Bezos's latest pet project.

☆ The longer inflation sticks around, the more difficult it is to fight, says Jason Trennert
▼ + stars: | 2022-11-04 | 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 EmailThe longer inflation sticks around, the more difficult it is to fight, says Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to discuss his market outlook ahead of the midterm elections.

☆ I would not be surprised if 10-year Treasury yields move higher, says Strategas CEO Jason Trennert
▼ + stars: | 2022-10-21 | 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 EmailI would not be surprised if 10-year Treasury yields move higher, says Strategas CEO Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to break down how investors can position their portfolios amid high market volatility.

☆ Watch CNBC's full interview with Strategas CEO Jason Trennert
▼ + stars: | 2022-10-21 | 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 Strategas CEO Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, joins CNBC's 'Squawk Box' to break down how investors can position their portfolios amid high market volatility. Trennert explains why he would not be surprised if 10-year Treasury yields move higher and react to the latest batch of corporate earnings.

☆ Economic worries loom over U.S. airline earnings
▼ + stars: | 2022-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

Travel demand tends to cool after Labor Day, which marks the unofficial end of the U.S. summer season. Britain's biggest airport, Heathrow, on Tuesday warned of a possible slowdown in travel demand this winter. As companies call their employees back to office, business travel demand has received a boost. Prior to the pandemic, business travel accounted for up to 50% of the U.S airline industry's passenger revenue, according to trade group Airlines for America. "We're looking at business travel," Christopher Raite, senior analyst at Third Bridge, said.

☆ Investors should assume there will be a recession in 2023, says Strategas CEO Jason Trennert
▼ + stars: | 2022-09-19 | 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 EmailInvestors should assume there will be a recession in 2023, says Strategas CEO Jason TrennertJason Trennert, chairman and CEO of Strategas Research Partners, joins CNBC's 'Squawk Box' to break down his market forecast and explains why he believes there will be a recession in 2023.

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