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Apple Inc (AAPL.O) rose 0.7% to an all-time high, while Amazon (AMZN.O), Alphabet (GOOGL.O) and Tesla (TSLA.O) rose between 1.1% and 3.2%. The S&P banks index (.SPXBK) slipped 0.5% ahead of the results due after markets close on Wednesday. Advancing issues outnumbered decliners by a 1.01-to-1 ratio on the NYSE and a 1.07-to-1 ratio on the Nasdaq. The S&P index recorded 36 new 52-week highs and six new lows, while the Nasdaq recorded 50 new highs and 79 new lows. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Dow, Michael Green, Jerome Powell, Patrick Kaser, Oppenheimer, Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Nasdaq, Apple, Microsoft, Federal, Apple Inc, Management, Nvidia, Wall Street Journal, Central Bank, U.S, Brandywine, Traders, Dow Jones, Bank, Netflix Inc, NYSE, Thomson Locations: New York City, U.S, United States, China, bank's, Bengaluru

☆ General Mills forecasts dour profit as price hikes impact demand
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - General Mills' (GIS.N) full-year profit forecast on Wednesday came in largely below analysts' estimates as the U.S. packaged food maker battles with slow demand for its ready-to-eat cereals and meal kits due to higher prices. Shares of the Cheerios cereal maker fell 4% in premarket trading after General Mills reported a 6 point fall in sales volumes in the fourth quarter. Price hikes to offset inflation in labor, raw materials and transportation has aided top-line growth at U.S. packaged food makers. Increasing caution on part of consumers also impacted their at-home versus away-from-home food choices, and the brands they choose, General Mills said. General Mills forecast fiscal 2024 organic net sales to rise 3% to 4%, while it reported growth of 5% in fiscal 2023.

Persons: Mills, Betty Crocker, Refinitiv, Savyata Mishra, Shinjini Organizations: Pillsbury, Thomson Locations: North America, Bengaluru

☆ Morning Bid: G4 central bankers speak, chips wars rumble
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +4 min

The picture was complicated further overnight as Tuesday's macro-driven rally in Wall St stocks was sideswiped by renewed Sino-U.S. trade tensions. AI darling Nvidia recoiled 4% (NVDA.O) in out-of-hours trade after reports Washington is considering new curbs on chip exports to China. But Wednesday's trading may well be dominated by news from a power panel at the European Central Bank's annual forum in Portugal. In currency markets, the dollar (.DXY) was firmer - especially against China's yuan , which hit a new low for the year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan Eyeing, Jerome Powell, Christine Lagarde, Kazuo Ueda, Andrew Bailey, disinflation, Joe Biden, Wall, General Mills, Mike Dolan, John Stonestreet Organizations: Nvidia, Central, Federal, Bank of Japan, Bank of England, Wall St, Japan's Nikkei, People's Bank of China, European Central Bank, Bank of, ECB, Treasury, Micron Technology, General, General Mills New, Thomson, Reuters Locations: U.S, Wall St, Washington, China, Portugal, Australia, Canada, Chicago, Shanghai

☆ ILWU Canada West Coast port workers to strike starting July 1 in blow to recovering supply chain
▼ + stars: | 2023-06-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country's West Coast ports starting on July 1. ILWU Canada said in a statement on Wednesday that its goal is to protect jobs and claims the British Columbia Maritime Employers Association is demanding major concessions. Impact to U.S. economy and tradeThe biggest port to be affected by this strike is the Port of Vancouver, the largest port in Canada. So far, ILWU Canada has declined this binding mediation & arbitration proposal," it said. But logistics managers tell CNBC that news of the Canadian port worker strike is a blow to operations.

Persons: Prince Rupert, ILWU, Rob Ashton, BCMEA, Port of Prince Rupert, Berkshire Hathaway, Vancouver and Prince Rupert, Jon Gold, General Mills, Jeff Harmening, Paul Brashier, Brashier Organizations: Canadian Labor, ILWU, British Columbia Maritime Employers Association, Canadian, Port, Vancouver Fraser Port Authority, U.S, BNSF, U.S ., National Retail Federation, CNBC, Retailers, General, ITS Logistics Locations: Canada, Coast, ILWU Canada, West Coast, Vancouver, British, of Vancouver, Canadian, Vancouver Fraser, U.S, Port of Vancouver, Port of, West, CN, Canadian Pacific, Berkshire, Panama, U.S . West Coast, Midwest, Chicago

☆ Stocks making the biggest moves midday: Pinterest, Carnival, General Mills, Netflix and more
▼ + stars: | 2023-06-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pinterest — Shares climbed more than 5% in midday trading. The Wall Street firm said it anticipated more subscribers and the potential discontinuation of its lowest-priced, ad-free plan, which is being tested in Canada. AeroVironment also said it anticipates full-year revenue of $630 million to $660 million, beating the $600 million expected by analysts. ZoomInfo also received positive coverage from Morgan Stanley, which reiterated an overweight rating on the stock. Snowflake — Shares added 5.5% after the data cloud company reiterated its full-year guidance during an investor day Tuesday.

Persons: Wells, Mills, Betty Crocker, Oppenheimer, AeroVironment, ZoomInfo, Needham, Morgan Stanley, Goldman Sachs, Arcline, BancShares, —, Alex Harring, Brian Evans, Jesse Pound, Michael Bloom Organizations: New York Stock Exchange, Norwegian Cruise, Royal, Refinitiv, Nvidia, Journal, Netflix, Joby, Reuters, KKR . First Locations: Norwegian, Royal Caribbean, China, Canada, Refinitiv, North Carolina

☆ Top 10 things to watch in the stock market Wednesday, including a Nvidia decline
▼ + stars: | 2023-06-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Handful of price target bumps on Snowflake (SNOW) following the company's investor day. Canaccord also catching up on its price target, cutting it to $720 per share from $953. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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.

Persons: MoffettNathanson, Oppenheimer, Mills, downgrades, Canaccord, Wolfe, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Street Journal, Nvidia, Walgreens Boots Alliance, Deutsch Bank, Barclays, JPMorgan, Club, Nike, Electric, GE, Paris Airshow, CNBC Locations: China, downgrades, Wells Fargo, Wells

☆ S&P 500, Nasdaq futures down as chip stocks fall, focus on Powell
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

Semiconductor stocks including Intel (INTC.O), Marvell Technology (MRVL.O) and Qualcomm (QCOM.O) fell more than 1% each. Investors are focused on a panel discussion of key central bank policymakers including Powell and European Central Bank President Christine Lagarde at the ECB annual forum in Sintra, Portugal. The S&P 500 and Nasdaq hit more than one-year highs last week while the Dow scaled a six-month peak before hawkish comments from Powell sparked a selloff. Investors will also keep an eye on bank stocks, with the Fed scheduled to release 2023 results of its annual stress test of large banks after markets close on Wednesday. ET, Dow e-minis were up 20 points, or 0.06%, S&P 500 e-minis were down 4 points, or 0.09%, and Nasdaq 100 e-minis were down 36 points, or 0.24%.

Persons: Powell, Jerome Powell, Christine Lagarde, Russ Mould, AJ Bell, Dow, General Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: Nasdaq, Dow, Federal, Nvidia, Devices, Wall Street Journal, Commerce Department, Semiconductor, Intel, Marvell Technology, Qualcomm, European Central Bank, ECB, Traders, Dow e, Boeing, Thomson Locations: China, U.S, Sintra , Portugal, Bengaluru

☆ Stocks making the biggest moves before the bell: General Mills, Nvidia, AMD and more
▼ + stars: | 2023-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. General Mills — Shares dropped 3.9% following mixed fiscal fourth-quarter results. The Betty Crocker and Cheerios owner beat Wall Street expectations on earnings, reporting $1.12 in adjusted earnings per share against a Refinitiv consensus estimate of $1.07 per share. The Wall Street bank said Pinterest is making the strategic move to outsource monetization to third-parties to overcome its attribution and scale challenges, including a partnership with Amazon. ZoomInfo — Shares of the software company added 3.9% in premarket trading after Needham initiated coverage of ZoomInfo with a buy rating.

Persons: Mills, Betty Crocker, Biden, Wells, Pinterest, Goldman Sachs, Morgan Stanley, Needham, ZoomInfo, Yun Li, Jesse Pound Organizations: Safeway, Nvidia, Street Journal, iShares Semiconductor, Amazon Locations: San Anselmo , California, China

☆ General Mills CEO on inflation, profit margins and state of the U.S. consumer
▼ + stars: | 2023-06-28 | 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 EmailGeneral Mills CEO on inflation, profit margins and state of the U.S. consumerJeff Harmening, General Mills chairman, joins 'Power Lunch' to discuss the company, inflation and the state of the consumer.

Persons: General Mills, Jeff Harmening, Mills Organizations: General

☆ Take a look inside the factory fueling candy giant Mars' $1 billion ice cream ambitions
▼ + stars: | 2023-06-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.

Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, — Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

☆ Investors look to next week's key inflation data after rally in stocks stumbles
▼ + stars: | 2023-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week. This coming week will feature some key inflation data to keep an eye on. On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected. Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt Organizations: Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, SAAR

☆ Market momentum wanes heading into the final week of June after monster rally in the first half
▼ + stars: | 2023-06-23 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Against this backdrop, investors will head into the final week of June with a relatively light economic calendar. However, those few data sets could provide investors with clues on how the market will fare going into the second half. Key inflation data ahead Of note next week is the core personal consumption expenditures index, the Fed's preferred inflation gauge. Reports to watch out for include Tuesday's new home sales and Thursday's pending home sales data, both for May. Elsewhere, BTIG's Jonathan Krinsky warned this week the downside for tech names could be as "equally impressive" as their rally.

Persons: Jerome Powell, annualized, Dow Jones, Terry Sandven, Sandven, that's, Megan Horneman, Stephen Suttmeier, BTIG's Jonathan Krinsky, Art Hogan, Hogan, Mills, Paychex Organizations: Dow Jones, Nasdaq, Federal, Bank of England, Global Wealth Management, Americas, UBS, U.S, Bank Wealth Management, Verdence Capital Advisors, Bank of America, Dow, Riley Wealth Management, Fed, Walgreens, Micron, Nike, Constellation Brands

☆ Jim Cramer gives his game plan for the week ahead, with Nike and Walgreens set to report
▼ + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer gave investors his game plan for the week ahead, with big names such as Nike and Walgreens set to report. However, with its 6% dividend yield, Cramer is wondering whether its stock could shoot up if its report lines up with consensus estimates. Cramer thinks this stock will be undervalued now compared with next year because generative artificial intelligence uses a lot of memory. Thursday will bring results from Nike , which Cramer said is the most important company to report this week. "Please, if you're a trader, wait until you hear the forecast on the conference call before you pull the trigger because Nike's a forecast stock, not a results stock."

Persons: CNBC's Jim Cramer, Cramer, —, Mills, he's Organizations: Nike, Walgreens, Apple, Meta, Nvidia, Tesla, Microsoft, Amazon, Walgreens Boots Alliance, Micron, Hoka, Brands, Constellation Brands, Constellation, CNBC, Club Charitable Trust Locations: China, U.S, Modelo

☆ Advertisers are returning to Twitter after Linda Yaccarino calmed fears over content moderation. But now brands like Disney, Microsoft, and the NBA have ads placed next to neo-Nazi propaganda.
▼ + stars: | 2023-06-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Brands that pulled ads over content concerns have returned to the platform since it named a new CEO. But big names like Disney, the NBA, and Adobe had ads placed next to antisemitic content this week. However, those same brands are returning to market their products and services on Twitter with Yaccarino at the helm. "They appear to have restricted that specific search, and not anything else — so they haven't moderated the actual content," Caraballo told Insider of Twitter's response. She added: "It just goes to show that the site is rife with extremist content, and yet brands are returning.

Persons: Elon Musk's, Linda Yaccarino, —, General Mills, Musk, Yaccarino, they've, Musk —, haven't, Alejandra Caraballo, Caraballo, Hitler, she'd, It's Organizations: Elon, Brands, Disney, NBA, Adobe, NBC Universal, Microsoft, Twitter, GM, Audi, Street, Harvard Law School Cyberlaw Clinic, Nazi, Southern Poverty Law, ESPN Locations: Israel

☆ Delta is the most overbought stock on Wall Street right now. Here are the others
▼ + stars: | 2023-06-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

There are overbought stocks, and then there's Delta Air Lines . A stock is considered overbought if its 14-day RSI goes above 70, signaling investors should consider easing their exposure. A 14-day RSI under 30, however, signals that a stock is oversold, meaning there may be a buying opportunity. Take a look at the most overbought stocks in the S & P 500 . Earlier this month, shares got a boost on news that General Motors will use Tesla's electric vehicle charging network .

Persons: Tesla, Bernstein's Toni Sacconaghi, Sacconaghi, Ford's, downgrades, Campbell, Campbell Soup, Mills, Kraft Heinz, — CNBC's Michael Bloom Organizations: Delta Air Lines, Delta, Retail, Walmart, Ford, American Airlines, Netflix, Cruise, Parts, Dollar, SolarEdge Technologies, Kraft

☆ How the 'water bed effect' is costing you at the grocery store
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

But that habit creates a "water bed effect," putting pressure on small grocers, an NYT opinion says. For the food industry, the consequences of the water bed effect have included consolidation and less competition, Mitchell wrote. Walmart commanded about one-quarter of US grocery sales in 2021, according to Euromonitor. The subject of grocery consolidation was a concern to small grocers before the most recent merger proposal. Independent grocers represent up to one-third of US grocery sales, according to a 2021 estimate from the National Grocers Association.

☆ Why Inflation Is the Excuse for Higher Grocery Prices - The New York Times
▼ + stars: | 2023-05-29 | by ( Stacy Mitchell | ) www.nytimes.com time to read: +2 min

Food Fresh is the only grocery store in a rural stretch of southeastern Georgia. Big retailers like Walmart and Kroger “have a handle on suppliers that I can’t touch,” said Food Fresh’s owner, Michael Gay. The chains wrest deep discounts from suppliers, making it impossible for the store to come close to matching their prices. To understand why grocery prices are way up, we need to look past the headlines about inflation and reconsider long-held ideas about the benefits of corporate bigness. Major grocery suppliers, including Kraft Heinz, General Mills and Clorox, rely on Walmart for more than 20 percent of their sales.

☆ Lab-grown breast milk startup Biomilq aims to change infant nutrition — if it can release a product
▼ + stars: | 2023-05-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +11 min

Biomilq, the company behind the breakthrough, had been working for nearly a decade to replicate the process of making human milk — but outside of the body. While the crisis has highlighted the importance of a resilient formula supply, human milk experts, milk bank advocates and Biomilq all stress the same message: Breast milk is best. The startup will likely take a "gradual approach" to introducing its science via "an early-life nutrition product in partnership with one of these bigger companies," Strickland explained. Breast milk is woefully understudied — to the point that it's difficult "to even say what human milk is from a nutritional standpoint," Perrin explained. The company is researching which aspects of human milk its system is best suited to produce.

☆ BeeHero: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Enter agtech startup BeeHero with a solution. Last December, BeeHero snared $42 million in a Series B round led by impact growth fund Covent Capital in Amsterdam. But BeeHero is not the only startup providing honeybee pollution services, a market estimated by the USDA at $320 million annually. Last year, Limor Farchy, who previously worked at two acquired Israeli tech startups, was recruited as CFO. The agtech startup supplies several top almond growers in California and expects to expand to other crops that rely on pollination.

☆ Kraft Heinz lifts profit outlook on price hikes, easing costs
▼ + stars: | 2023-05-03 | by ( Aatrayee Chatterjee | ) www.reuters.com time to read: +2 min

(Reuters) -Kraft Heinz Co raised its full-year profit forecast on Wednesday on the back of higher prices and sustained demand for its packaged food items as raw material costs, which have plagued the industry, also ease. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York March 25, 2015. REUTERS/Brendan McDermid/File PhotoShares of the Philadelphia Cream Cheese maker were up 3.9% in early trading after it also reported better-than-expected quarterly results. The strong outlook echoes comments from peers PepsiCo Inc and Mondelez, who have also lifted annual forecasts supported by price increases. Excluding one-off items, Kraft Heinz earned 68 cents per share, topping analysts’ estimate of 60 cents per share, according to Refinitiv IBES data.

☆ Kroger will stop mailing weekly grocery advertisements in newspapers
▼ + stars: | 2023-05-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Atlanta CNN —Kroger, the largest grocery chain in the United States, is ditching its long-running weekly newspaper ad circulars announcing the latest grocery specials. The ads for Kroger (KR) stores and subsidiaries, including Ralphs, Fred Meyer and King Soopers, will shift online. “Kroger is joining many retailers in shifting the way our weekly ads are distributed,” a spokesperson told CNN. The move could deal a blow to shoppers who plan their store trips based on weekly newspaper ads. Some companies, such as Walgreens (WBA), stopped printing coupon catalogs and moved their weekly advertisements online.

☆ Kit Kat Cereal is hitting US shelves
▼ + stars: | 2023-05-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

General Mills is betting a lot of people do, as it is launching Kit Kat Cereal nationwide beginning this month at $5.69 for a standard-size box. A limited edition Spider-Verse Cereal – red “spiderberry” puffs with blue and white marshmallows – will be selling for a less expensive $2.99 in stores. General Mills is also launching miniature Lucky Charms and Cocoa Puffs, adding to its miniature Trix, both of which are priced at $5.69. They could either be eaten dry or be mixed in with cold water to create instant milk and cereal. Cereal sales surged to over $9 billion in 2020 or up 9% from 2019, as millions worked from home, according to data from NielsenIQ.

☆ Google Cloud boss Kurian's rocky path to profit: 'We were not in a very good situation'
▼ + stars: | 2023-04-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Google Cloud CEO Thomas Kurian, right, arrives on stage as Alphabet CEO Sundar Pichai exits during the Google Cloud Next event in San Francisco on April 9, 2019. Earlier this week, Alphabet said Google's cloud unit generated $191 million in operating profit, after losing a total of $4 billion in 2021 and 2022. Under Kurian's predecessor, VMware co-founder Diane Greene, critics said Google's cloud business hadn't matured enough to handle enterprises even as it was investing heavily to do so. The cloud division includes the Google Cloud Platform, which competes with Amazon Web Services and Microsoft Azure, and the Google Workspace productivity software bundle that goes head-to-head with Microsoft Office. Google Cloud technology chief Will Grannis said Kurian's commitment to improving the division's offerings was evident right away.

☆ Consumer goods stocks are set to keep running, and it's not too late to buy, Jim Cramer says
▼ + stars: | 2023-04-28 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Food and consumer goods stocks are poised to keep running, Jim Cramer said Friday, at least if no external news drags down the entire market. The resilience of snack and packaged-goods stocks will hold particularly true as debt-ceiling talks flounder, he added. Colgate-Palmolive also rallied following an earnings report that topped revenue expectations. Cramer also saw the same promise in General Mills , which hit a new 52-week high Friday, and Procter & Gamble , which beat earnings and revenue expectations last week. "Even as these consumer-packaged good stocks have run a great deal, I don't think it's too late," Cramer said.

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