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☆ Where Have the Traders Gone? A $4 Trillion Market Is Stuck in a Rut
▼ + stars: | 2023-10-04 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Snowflake's CMO reveals her marketing strategy that will help the company go from $2.6 billion in revenue to $10 billion by 2029
▼ + stars: | 2023-10-04 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Its revenue was $95.7 million in 2018 according to its S-1 filing, has projected revenue of $2.6 billion by the end of this year, and has said it aims to hit $10 billion in revenue by 2029. But as the data giant zeroes in on connecting with developers across industries, Persson has also expanded Snowflake's outreach, for instance, with a YouTube channel for developers , established eight months ago. Closing larger deals will be a major factor if Snowflake hits its ambitious $10 billion revenue goal. Snowflake plans to get 1,400 customers spending more than $1 million by 2029, company CFO Michael Scarpelli said during an investor event last year. "A lot of companies get stuck at $100 million," Persson said.

Persons: Denise Persson, Persson, There's, Salesforce, Gregg Moskowitz, Snowflake, Michael Scarpelli, Moskowitz Organizations: Amazon, LinkedIn, Companies Locations: Silicon Valley, Snowflake, New York, Mumbai, Stockholm

☆ Stock market bulls are hopeful that earnings will be a welcome distraction
▼ + stars: | 2023-10-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

After September lived up to its reputation as the worst month of the year, bulls are hopeful earnings will prove a welcome distraction for a stock market mired in weak seasonal trends and rising interest rates. "Net net, the earnings estimates for these early reporters are going up, and that is a positive sign for earnings season," Earnings Scout founder and CEO Nick Raich from told me. Valuations are coming down but are still high The forward multiple for the S & P 500 (Q4 2023, and Q1-Q3 for 2024) is 17.9. For example, industrials have seen a significant decline in earnings estimates due to very large estimate declines for Boeing. Bulls hopeful earnings will prove a welcome distraction The expectations for rising earnings has many hopeful that it will help get stocks out of their recent rut due to rising interest rates.

Persons: Nick Raich, John Butters, Nicholas Colas, Raich Organizations: JPMorgan, FedEx, Oracle, Darden, Costco, Pepsi, General Motors, Ford, Netflix, NVIDIA, Apple, Intel, Boeing, Southwest Airlines, American Airlines, United Parcel Service Locations: AutoZone, Horton

☆ The full moon has different names for each month. Here's the meaning and origin for the whole lunar calendar.
▼ + stars: | 2023-09-26 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

The next full moon will be a harvest moon, rising on September 29. AdvertisementAdvertisementSeptember: harvest moon, "corn moon," "barley moon"Amish people harvest corn in Maryland. A harvest moon sometimes occurs in October (the moon doesn't follow the Gregorian calendar), but it's always the full moon closest to the autumnal equinox. The next worm moon: March 25, 2024April: "pink moon," "sprouting grass moon," "egg moon," "fish moon"Wildflowers along the California coastline in Big Sur at sunset. AdvertisementAdvertisementThe next seasonal blue moon: August 19, 2024The next monthly blue moon: August 19, 2024

Persons: It's, —, Patrick Hartigan, Mark Wilson, it's, Shamil Zhumatov, Eddie Keog, what's, Jeff R Clow, Andy ClarkREUTERS, John Moore, Mike Segar, Charlie Baker, Brian Snyder, that's, Mike Blake, Toby Talbot, Mead, Toby Melville Deer, Matt Balazik, Steve Helber, Champlain, Paul Hanna Supermoons, Andrew Lichtenstein Organizations: Service, Rice University, Reuters, North, Getty, Beavers, REUTERS, Former, NASA, AP, Astronomical Union Locations: Maryland, Moscow, Russia, North America, Europe, New England, Superior, Colonial, Stokenchurch, England, Lake Louise , Alberta, Irvington , New York, Former Massachusetts, Hollis Hill, Fitchburg , Massachusetts, Algonquin, California, Big Sur, Calais , Vermont, Richmond Park, London, Britain, Alaska, James, Charles City , Virginia

☆ A key benchmark for smaller stocks could lose its 2023 gains, and that could mean trouble for bigger names
▼ + stars: | 2023-09-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Whether that's just simply relative PE or our more complicated relative valuation model," DeSanctis said. Still, he added that small caps have struggled to escape the headwinds from the regional banking crisis earlier in the year. How to play small caps There's one sector both Wolfe's Ginsberg and DeSanctis like when it comes to small caps: energy. He added that small caps in the cyclicals market have traded under 13 times earnings — and better than secular growth names. "I think a lot of stuff has already been priced into small cap stocks," said DeSanctis.

Persons: Russell, BTIG, Wolfe, Rob Ginsberg, Ginsberg, We're, Jefferies, Steven DeSanctis, that's, DeSanctis, Wolfe's Ginsberg, Michael Bloom Organizations: Nasdaq, Wolfe Research, Energy

☆ Robinhood is cutting jobs, reorganizing teams, and focusing on credit cards to solve a shrinking user base, insiders say
▼ + stars: | 2023-09-21 | by ( Ashley Stewart | Rebecca Ungarino | ) www.businessinsider.com time to read: +3 min

Robinhood is laying off more employees and reorganizing teams as part of a new focus on credit cards as the company tries to mitigate a shrinking user base, insiders say. In June, Robinhood announced plans to acquire no-fee credit card startup X1 for $95 million. Credit cards are much higher-margin products than stock-trading and generally less exposed to volatile markets. X1 and Robinhood's future in credit cards were the focus of the company's last all-employee meeting, the person said. The layoff was widely reported, but audio of an all-hands meeting reviewed by Insider recently showed ongoing cuts have been deeper .

Persons: Robinhood, we've, Vlad Tenev, Tenev Organizations: Robinhood, JPMorgan, Menlo, Say Technologies, TechCrunch Locations: , California

☆ New ETF looks to tap hot market for zero-day options
▼ + stars: | 2023-09-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Miami-based ETF sponsor Defiance ETFs LLC launched the Defiance Nasdaq-100 Enhanced Option Income ETF on Thursday, the first ETF to use daily options income generation, the ETF sponsor said in a press release. The ETF seeks to tap into the dual popularity of short-dated options contracts and the heightened interest in ETFs that seek to generate income through a combination of selling options and investing in U.S. large cap stocks. Investors have also flocked to ETFs that look to generate income and reduce portfolio volatility by selling options against stocks. One such ETF - the JPMorgan Equity Premium Income ETF (JEPI.P) - has grown its assets to about $29.5 billion from about $12.4 billion a year ago. Defiance ETFs is set to launch two other ETFs - the Defiance S&P 500 Enhanced Options Income ETF and Defiance R2000 Enhanced Options Income ETF , which will employ a similar strategy with exposure to the S&P 500 (.SPX) and the Russell 2000 Indexes (.RUT), respectively.

Persons: Sylvia Jablonski, QQQY, Lois Gregson, Gregson, Russell, Seth Golden, Golden, Saqib Iqbal Ahmed, Richard Chang, Ira Iosebashvili, Daniel Wallis Organizations: Defiance, Investors, JPMorgan, FactSet Research Systems, Finom, Thomson Locations: Miami

I’VE ALWAYS hated dress shoes and, while it lasted, the professional obligation to submit to their sadism. Like many men, I used the pandemic to banish those Italian-leather C-clamps from my closet—and wear nothing but considerate sneakers. But once my office life in Manhattan resumed, that day-in-day-out sneaker rut began to feel schlubbly. I craved more formality. I did not crave pain.

Persons: I’VE Locations: Manhattan

☆ What China’s new smartphone means for Wall Street
▼ + stars: | 2023-09-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought. Before the Bell spoke to Zino about what’s happening and what it means for Wall Street. Huawei’s new smartphone uses an internally developed, very powerful chip that’s manufactured by the Semiconductor Manufacturing International Corporation (SMIC), a partially state-owned Chinese semiconductor foundry. In the long term, this is probably a good thing for the leading semiconductor companies like Nvidia (NVDA) and Qualcomm (QCOM). Furniture companies are in a rutPeople aren’t buying furniture like they used to, reports my colleague Samantha Delouya.

Persons: there’s, Mike Gallagher, Michael McCaul, Angelo Zino, Bell, There’s, they’ve, They’ve, it’s, Anna Cooban, Samantha Delouya, Hooker, “, ” Williams, Laura Alber Organizations: CNN Business, Bell, New York CNN —, Huawei, House, Skyworks, Materials, Semiconductor Manufacturing International Corporation, Nvidia, Qualcomm, Intel, Federal Reserve, West Elm Locations: New York, China, Taiwan, Korea, United States, Asia, Saudi Arabia, Europe, Virginia, Wayfair, Williams, Sonoma

☆ Furniture companies in a rut as fewer people buy big-ticket items
▼ + stars: | 2023-09-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailers seeing a slowdown after years of growth fueled by pandemic-era stay-at-home trends. Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4%, and La-Z-Boy, a furniture manufacturer, reported a 20% drop in sales in August.

Persons: Hooker, David L, Ryan, ” Williams, Laura Alber, Brad Thomas, ” Thomas, ”, Gary Friedman, Thomas, Bob Williams, Chris Moye, ” Hooker, Jeremy Hoff, “ Organizations: CNN, West Elm, Boston Globe, KeyBanc, Home, Target, Mortgage, Association Locations: Virginia, Wayfair, Williams, Sonoma, Lynnfield

REUTERS/Brendan McDermid Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Rising U.S. business bankruptcies may raise a red flag in what otherwise appears like an economy now impervious to rising interest rates. Commenting on the numbers, insolvency research organisation ABI blamed elevated interest rates, price inflation and a resumption of student loan payments as just some of the headwinds causing stress. That partly mirrors some of built-in household resilience to rising rates related to long-term fixed-rate borrowings and still-high cash savings that now earn significantly higher rates of interest now too. And that 10% - accounting for more than 60% of index market cap - had seen no rise in net interest payments so far in the Fed campaign. But creeping insolvencies among the smaller firms - many of whom have been dubbed 'zombies' for years due to their survival solely on low interest rates - may be a better reflection of what's starting to happen at the coalface of the economy.

Persons: Brendan McDermid, Albert Edwards, Edwards, Andrew Lapthorne, Russell, NFIB, Mike Dolan, Josie Kao Organizations: New York Stock Exchange, REUTERS, Yellow Corp, P Global Market Intelligence, Reuters, Societe Generale, Fed, National Federation of Independent Business, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, midyear

☆ Germany’s Economic Rut Gets Deeper
▼ + stars: | 2023-09-07 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/global/feeble-german-economy-faces-fresh-contraction-as-factories-falter-5e4aeeaa

Persons: Dow Jones

“We were very fully making a ’70s movie,” Payne says, recently speaking by phone from his desk in Omaha, Nebraska. Payne, 62, shot “The Holdovers,” set at a New England boarding school, largely with filmmaking equipment and camera lenses from that period. “We were trying to play the exercise of: We are in 1970 making this movie,” he says. I told (screenwriter) David Hemingson: ‘We’re writing for Paul Giamatti. But as long-term and ’70s-oriented as making “The Holdovers” was, it struck Payne as a contemporary story, too.

Persons: Alexander Payne, ” Payne, Payne, ”, he’s, “, Paul Giamatti, Giamatti, Paul Hunham, Hunham, Payne pares, Angus, Dominic Sessa, Mary, Da’Vine Joy Randolph, Barton, —, David Hemingson, That’s, aspersions, Randolph, Cessa, hadn’t, ‘, Dominic, ” Cessa, you’d, He’s, ” Payne’s, Marcel Pagnol, “ Trump, Nixon, Marx, Jake Coyle Organizations: curmudgeonly Barton Academy, Deerfield Academy, Jesuit, Twitter Locations: Omaha , Nebraska, New England, Hunham, Vietnam, jostle, Western Massachusetts, New York, “ Nebraska

☆ The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says
▼ + stars: | 2023-08-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The downturn in the US housing market isn't ending anytime soon, Fannie Mae warned. That's because mortgage rates are set to stay elevated if the US avoids a recession. The government-sponsored mortgage giant highlighted the stagnant US housing market, with existing home sales down 18.9% year per-year in June, according to Fannie Mae's estimate. That slowdown has largely been spurred by high mortgage rates, which have pushed buyers and sellers out of the market. AdvertisementAdvertisementExperts say housing conditions are unlikely to improve until mortgage rates dial back to the 5% range.

Persons: Fannie Mae, Fannie Mae's Organizations: Service, Mortgage News Locations: Wall, Silicon

☆ Rangers host Angels, try for another home sweep
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

August 16 - The Texas Rangers will try for their fifth three-game sweep at home since the All-Star break when they host the Los Angeles Angels on Wednesday night in Arlington, Texas. The Angels, meanwhile, have gone 3-11 this month to fall three games under .500 for the first time this season. Detmers (2-9, 5.27 ERA) found his rhythm in June, allowing seven runs in a five-start span, but then things went south. Overall, he's 1-2 in seven career starts against the Rangers with a 4.75 ERA. Gray is 2-0 in three career starts against the Angels with a 4.19 ERA.

Persons: Marcus Semien, Corey Seager, We're, Seager, Randal Grichuk, Phil Nevin, Reid Detmers, Nevin, that's, Detmers, Jon Gray, Gray, I've, Mitch Garver Organizations: Texas Rangers, Los Angeles Angels, Angels, Houston Astros, Rangers, San Francisco Giants, Giants, Thomson Locations: Arlington , Texas . Texas, Los Angeles, Texas, Anaheim

☆ Office loans just hit a 5% delinquency rate – a 20-month high – as WFH and rate rises pile more pressure on commercial real estate
▼ + stars: | 2023-08-03 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

It's the costliest time to borrow money as interest rates now stand at 5.5%. Commercial real estate has been particularly damaged by the Fed's rate-hiking campaign. Defaults on commercial real estate loans have hit their highest levels since December 2021. The combination of workers unwilling to return to the office, coupled with the highest interest rates in 22 years, has spelled misery for the sector over the last 18 months. Commercial real estate has been particularly troubled by the Fed's aggressive hiking campaign, which has pushed up interest rates sharply since spring 2022.

Persons: Trepp, Kiran Raichura, we've, it's Organizations: Service, Capital Economics Locations: Wall, Silicon, delinquencies

LONDON, July 26 (Reuters) - Even as fears of a 2023 U.S. recession recede and stock market bears concede defeat, there's scant sign of party mode. After wild swings of output, prices, employment, liquidity and interest rates, firm convictions about the precise onset of "technical" recessions - or even previously reliable gauges of bull and bear markets - have all become a bit suspect. Whether on a domestic or global scale, aggregate views of the economy, or stock market, right now are likely misleading. A bull to bear market and back again in little over 18 months - or so it seems. SP 500 2023 YTD THROUGH JULY 21BLUNTEDChief among the puzzles is the variable impact of sharply higher interest rates on both households and firms.

Persons: Morgan Stanley's, Mike Wilson, Wilson, Morgan Stanley, Andrew Lapthorne, Russell, Mike Dolan Organizations: Reuters Graphics, Barclays, International Monetary Fund, Tuesday, eventual, San Francisco Federal Reserve, Generale, Fed, Reuters, Twitter, Thomson Locations: U.S, midyear

REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, July 27 (Reuters) - New construction plunged in Germany during the first half of the year, data on Thursday showed, the latest sign of stress in the property market of Europe's largest economy. The data underscore a steep rut that dominates the nation's real-estate sector in its worst crisis in decades. "There's strong caution in project development," said Sven Carstensen, chief executive of Bulwiengesa. The nation's property industry will ask the government for multi-billion euro support at a meeting with Chancellor Olaf Scholz in September, Reuters reported last week. "The situation is dramatic," said Jan-Marco Luczak, a parliamentarian who has pushed for a property tax cut demanded by industry.

Persons: Kai Pfaffenbach, Sven Carstensen, Chancellor Olaf Scholz, Marco Luczak, Marcus Gwechenberger, Bulwiengesa, Florian Schwalm, EY, Karim Rochdi, Tom Sims, Hugh Lawson Organizations: REUTERS, Bulwiengesa, Reuters, European Central Bank, Thomson Locations: Frankfurt, Germany, FRANKFURT, Frankfurt's

☆ How to watch Women’s World Cup games as Sweden and France kick off their tournament
▼ + stars: | 2023-07-22 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —The Women’s World Cup enters its fourth day of fixtures with some of the tournament heavyweights kicking off their campaigns. Sweden takes on South Africa, Women’s World Cup debutant Portugal faces the Netherlands and France plays Jamaica in an action-packed day. In the 2019 Women’s World Cup, Sweden finished third after an impressive tournament, defeating England in the third-place playoff. Banyana Banyana made its Women’s World Cup debut in 2019, losing all three of its group stage games, but will be buoyed by its form since. In 2022, South Africa won the Women’s Africa Cup of Nations for the first time in the nation’s history.

Persons: Gerrit Van Cologne, Kosovare Asllani, Banyana Banyana, Kosovare, Molly Darlington, Vivianne, Lieke Martens, Miedema, Leah Williamson, Andrew Couldridge, Wendie Renard, Corinne Diacre, Eugénie Le Sommer, Hervé Renard, –, Bunny ” Shaw, Shaw, Read, Bob Marley Organizations: CNN, Portugal, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, FIFA, South Africa, Getty, South, Sweden, England, Africa, of Nations, Reuters, Portugal Portugal, Arsenal, Jamaica France, Olympique Lyonnais Féminin, French, Super League, Manchester City Locations: Sweden, South Africa, Netherlands, France, Jamaica, Australia, United Kingdom, South, Portugal, South Africa Sweden, Africa, Reuters Netherlands, Reuters France, England

☆ Uxbridge by-election: In Boris Johnson's back yard, Britons are desperate for a change
▼ + stars: | 2023-07-18 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

A mid-term by-election to replace Johnson is taking place on Thursday, alongside two other by-elections to replace MPs elsewhere in the country. Boris Johnson is seen on a walkabout in Uxbridge in 2020, during his time as prime minister. Inside, the owner told CNN: "They're all the same ... Johnson’s company ran the first major opinion poll ahead of the Uxbridge by-election, which found a solid but assailable eight-point lead for Labour. Labour leader Sir Keir Starmer (far right) and Shadow chancellor Rachel Reeves (right) on a campaign visit with Danny Beales, the local Labour candidate (back center).

Persons: Mike Okoli, ”, Okoli, Boris Johnson –, Johnson, “, ” Okoli, Rob Picheta, CNN Johnson, Manoj Supeda, I’ve, hasn’t, ‘, ’ He’s, Supeda, Johnson’s, ” Supeda, “ It’s, ” Manoj Supeda, Tony Blair, Labour's, Brexit, CNN Okoli, he’s, “ I’ve, Sonia Caetano, Boris Johnson, Stefan Rousseau, there’s, ” Caetano, Danny Beales, We've, Caetano, Keir Starmer, Steve Reed, Piers Corbyn, Jeremy Corbyn, Steve Tuckwell, ” Tuckwell, Reed, ” Reed, They’re, Mick, Starmer, “ We’re, we’re, ” James Johnson, Theresa May’s, Sir Keir Starmer, Rachel Reeves, ” Tracy Peabody Organizations: United Kingdom CNN, European Union, CNN, Labour Party –, Tories, Labour, Conservatives, Britain, Uxbridge, Beales, London’s Labour, Conservative, Hillingdon Hospital, CNN ‘ Labour, “, Press Association Locations: Uxbridge, United Kingdom, Nigeria, Caribbean, London, South Ruislip, Britain, “, Okoli, Portuguese, Yiewsley, Portugal, Covid, Ukraine, Hillingdon, Ruislip Manor

Second-biggest token Ether had its best session since March and Ripple , which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. He said further cases would probably shed more light on how courts will treat private crypto offerings. The world's biggest asset manager, BlackRock (BLK.N), filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe (CBOE.Z) refreshed its filing for a similar fund to be run by asset manager Fidelity. "For the first time in a while, it's been consistently positive news coming though and that means you've got momentum."

Persons: Bitcoin, Matthew Dibb, Justin d'Anethan, Greg Moritz, FTX, Sam Bankman, Alex Mashinsky, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore Organizations: Capital, BlackRock, Fidelity, Investors, Solana, Commodity Futures, Commission, Tab, Traders, U.S, SEC, Thomson Locations: SINGAPORE, U.S, Asia, Keyrock, Hong Kong, reining, China, noncomplicance, Melbourne, Singapore

U.S. consumer prices rose modestly in June and logged their smallest annual increase in more than two years as inflation continued to subside. The much awaited U.S. Labor Department report showed growth in core consumer prices, which excludes food and energy, eased to 4.8% from 5.3% in May on an annual basis. In the 12 months through June, the consumer prices (CPI) advanced 3.0%. The S&P 500 banks index (.SPXBK) rose 1.7% ahead of second-quarter earnings season, with Wall Street lenders expected to report higher profits. The S&P index recorded 62 new 52-week highs and two new lows, while the Nasdaq recorded 110 new highs and 28 new lows.

Persons: Brian Jacobsen, Russell, Bilibili, Johann M Cherian, Shashwat Chauhan, Shinjini Organizations: Nvidia, VMware, Broadcom, Dow, Nasdaq, Wall, Federal Reserve, . Labor Department, Annex Wealth Management, Dow Jones, Microsoft, Financial Times, Alibaba Group, NYSE, Thomson Locations: U.S, Beijing, Bengaluru

☆ Morning Bid: Dollar swoons in upbeat inflation vigil
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar (.DXY) slide to two-month lows that's revved-up yen and sterling gains. And June's CPI readout should be a marker if the consensus forecast for almost a full percentage-point drop in the headline inflation rate to two year lows of just 3.1% is borne out. Still, encouraged by a screed of other positive disinflation signals this week, U.S. markets are relatively buoyant going into the release and still feel the end of the Fed rate rise campaign is nigh. UK bank stocks pushed higher on the rates view and a relatively clean bill of health from Wednesday's financial stability report from the BOE. The Reserve Bank of New Zealand paused its long-running rate rise campaign early on Tuesday.

Persons: Mike Dolan, BOE, Thomas Barkin, Raphael Bostic, Neel Kashkari, Loretta Mester, Joe Biden, Nick Macfie Organizations: Federal Reserve, Fed, yearend, Treasury, Bank of Japan, Bank of, recoiling, Reserve Bank of New Zealand, Bank of Canada, Japan's Nikkei, Microsoft, Activision, Richmond Federal, Atlanta Fed, Minneapolis Fed, Cleveland Fed, NATO, . Treasury, Reuters, Reuters Graphics, Thomson Locations: U.S, Asia, Shanghai, Hong Kong, British, Vilnius

☆ Disney extends CEO Bob Iger's contract through 2026, two years longer than planned
▼ + stars: | 2023-07-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

The Walt Disney Company will extend CEO Bob Iger's deal by two years, extending his tenure through 2026. Iger returned to Disney in November, retaking the job from Bob Chapek, who was appointed CEO in early 2020. On four different occasions between 2013 and 2017, he extended his tenure as CEO after saying he planned to retire. Tune in: CNBC's David Faber will interview Disney CEO Bob Iger on CNBC's "Squawk Box" at 8 a.m. To that end, I'm writing to share that I have agreed to the Disney Board's request to remain CEO for an additional two years – through the end of 2026.

Persons: Bob Iger's, Iger, Bob Chapek, Iger's, CNBC's David Faber, Bob Iger, We've, we've, Christine McCarthy, Bob, Mark Parker, Read, I've, It's, Bob — CNBC's Alex Sherman, Kerry Caufield, David Faber Organizations: Walt Disney Company, CNBC, Disney, Netflix, Warner Bros . Discovery, Paramount, Pixar

☆ Morning Bid: Bond yields recoil on disinflation buzz
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanA volte face in Treasury yields has improved investors' mood considerably this week as excitement about U.S. disinflation builds despite conflicting signals from around the world. After bumpy start to the third quarter, stocks and bonds rallied together on Monday - with both two- and 10-year Treasury yields recoiling sharply back below 5% and 4% thresholds respectively. Spurred by more signs of ebbing U.S. inflation ahead of Wednesday's critical June consumer price report, Wall Street stocks also recovered ground on Monday. A New York Fed survey showed on Monday that household inflation expectations for the year ahead fell to 3.8% last month, the lowest in more than two years. But if the U.S. inflation picture is looking more optimistic, it's much harder to read around the world.

Persons: Mike Dolan, Russell, Michael Barr, John Williams, Joe Biden, Jane Merriman Organizations: Wall, Federal, Japan's, New York Fed, Fed, Bank of England, Treasuries, York Federal, NATO, Treasury, Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, ., China, Britain, Hong Kong, Vilnius

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