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U.S. consumer confidence rebounded in December as inflation retreated and the labor market remained strong, while 12-month inflation expectations fell to 6.7%, the lowest since September last year. Nike Inc (NKE.N) jumped 13.7% after reporting its best quarterly revenue growth in more than a decade, barring one quarter, and beat profit expectations on strong holiday demand from North American shoppers. Consumer discretionary stocks (.SPLRCD) led gains among the major S&P 500 (.SPX) sectoral indexes, while financial shares (.SPSY) also gained. Nike peers Lululemon Athletica Inc (LULU.O), Under Armour Inc (UAA.N) and Vans sneaker maker VF Corp (VFC.N) rose between 1.3% and 2.8%. Energy stocks (.SPNY) also rose tracking higher oil prices after data suggested a larger-than-expected draw in U.S. crude stockpiles.

☆ Wall Street eyes higher open on strong Nike earnings
▼ + stars: | 2022-12-21 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

SummarySummary Companies Nike jumps on strong second-quarter resultsFedEx soars on cost-cutting planConsumer confidence, home sales data due at 10 a.m. Wall Street's main indexes closed slightly higher on Tuesday, following early losses as Treasury yields jumped after the Bank of Japan's surprise monetary policy tweak. Fears of a recession following the U.S. central bank's prolonged interest rate hikes have weighed heavily on equities since its policy meeting last week, despite signs of cooling inflation. Other data expected through the week on core inflation and the labor market will likely determine the future course of interest rate hikes by the Fed. Market volumes are expected to decline this week before the Christmas and New Year holidays amid low participation.

Several insiders of corporate America spent big on their own stock as part of their holiday shopping, often finding major discounts. This move is in addition to the roughly $2.3 million worth of shares that Soto scooped up earlier this year. The fintech stock has struggled mightily this year, falling more than 70% to trade below $5 per share. Insider buying and selling is a metric tracked by many professional investors as one measure of a company's quality. Melamed had previously been a seller, so whose recent moves represent a notable reversal, according to Verity.

☆ Twitter suspends account that tracked Elon Musk's private jet, despite billionaire's 'free speech' pledge
▼ + stars: | 2022-12-14 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +4 min

The move comes after Musk has reinstated previous Twitter rule-breakers and stopped enforcing the platform’s policies prohibiting Covid-19 misinformation. Sweeney woke up Wednesday morning to a message from Twitter informing him @ElonJet had been permanently suspended. Later in the day his personal account and other jet-tracking accounts he ran were also shut down by the company. According to screenshots Sweeney shared with CNN, Musk reached out to him last December through a Twitter private message asking, “Can you take this down? “Any account doxxing real-time location info of anyone will be suspended, as it is a physical safety violation.

☆ Struggling sneaker brand Vans is trying to lure millennials away from Nike and other brands with nostalgia, high heat collabs, and better arch support
▼ + stars: | 2022-12-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.

☆ The Twitter account that tracks Elon Musk's private jet has been shadowbanned, its owner says
▼ + stars: | 2022-12-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The Twitter user that tracks Elon Musk's private jet says the account has been shadowbanned. Jack Sweeney, the person behind the jet tracking account, ElonJet, took to Twitter on Sunday to accuse the social media platform of suppressing the automated account. Some users had already claimed that they couldn't search or tag the jet tracking account through suggested usernames. Such accounts have become so much of a concern to LVMH CEO Bernard Arnault that he recently sold his private jet and moved to using rental planes to avoid tracking. Musk had previously said he wouldn't ban the Twitter account because of his free-speech commitments.

☆ Naughty list: 10 stocks to short into the end of the year, according to a top chart analyst
▼ + stars: | 2022-12-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors looking for something to cheer about this holiday season may want to consider shorting this "naughty list" of stocks, according to 22V Research's chart analyst. Using a technical scoring system that rates the stocks from weakest to strongest, analyst John Roque outlined a number of stocks to short heading into the holidays in a note to clients Wednesday. Short-selling, or selling shares short, is the practice of making a bet against a stock by borrowing shares and selling them with the plan to repurchase at a cheaper price and profit from the difference. Here are some of the names Roque highlighted: Roque highlighted heavily shorted stock GameStop among his picks, pointing out the failed rally attempts since September. On Tesla , Roque pointed out that it's forming a "head-and-shoulders" topping pattern over the long term.

☆ Elon Musk said he's 'open' to buying publishing platform Substack after a Twitter user said it would give him control of the 'narrative layer' of the internet
▼ + stars: | 2022-12-09 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Elon Musk said he's "open to the idea" of buying publishing platform Substack, on Friday morning. He agreed with a user saying that Substack would give him "control" over the "narrative layer" of the internet. Musk has also speculated about possibly buying Wikipedia this week, but was told the site was not for sale. The user said: "You would have the information layer with Twitter and the narrative layer. Earlier in the week, Musk also suggested he could try to buy Wikipedia, but was told it was not for sale by founder Jimmy Wales.

☆ Vietnamese EV maker VinFast files to go public in the U.S.
▼ + stars: | 2022-12-06 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

The VF-8 electric vehicle from VinFast, a Vietnamese automaker producing electric cars and SUV's, is on display at their showroom in Santa Monica, California, on July 18, 2022. Vietnamese EV maker VinFast is going public in the U.S.VinFast on Tuesday said it has filed a registration statement with the U.S. Securities and Exchange Commission, the first formal step toward a public offering next year. The company in March announced plans for a $2 billion factory in North Carolina and hopes to deliver its first vehicles to American customers by year-end. It's now focused entirely on electric vehicles – production of its last internal-combustion model ended in early November. Founded in 2017, VinFast is a unit of Vingroup, Vietnam's largest conglomerate, which has interests in real estate development and education as well as a number of technology businesses.

☆ Wall St slides as services data spooks investors about Fed rate hikes
▼ + stars: | 2022-12-05 | by ( David French | ) www.reuters.com time to read: +4 min

Broadly, indexes suffered as data showed U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy. Investors see an 89% chance that the U.S. central bank will increase interest rates by 50 basis points next week to 4.25%-4.50%, with the rates peaking at 4.984% in May 2023. The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes. "Stock Exchange" is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. Although bank profits are typically boosted by rising interest rates, they are also sensitive to concerns about bad loans or slowing loan growth amid an economic downturn.

☆ VF Corp. Chairman, CEO Steven Rendle Retires
▼ + stars: | 2022-12-05 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

The shakeup at the top of VF comes as the apparel maker lowered its sales and earnings guidance. VF Corp. on Monday said Steven Rendle has retired as chairman, president and chief executive, as the apparel maker cut its sales and earnings guidance amid flagging consumer demand. VF said Benno Dorer , the former CEO of Clorox Co., is stepping in as interim president and CEO while the Denver company conducts a search for a successor to Mr. Rendle, who had been chairman and CEO since 2017. Mr. Dorer has been a VF board member since 2017 and served as lead independent director since July 2021.

☆ VF Corp. lowers full-year guidance, announces CEO is retiring
▼ + stars: | 2022-12-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.

☆ Stocks making the biggest moves midday: Tesla, VF Corp, Marriott, MGM and more
▼ + stars: | 2022-12-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

United Airlines , Delta Airlines – United gained 4% following a Morgan Stanley upgrade to overweight from equal weight on the notion that 2023 could be a "goldilocks" year for the airline. Silvergate Capital — Shares dropped more than 5% after Morgan Stanley downgraded the crypto bank to underweight from equal weight, saying there is more revenue pressure following the FTX fallout. Signature Bank — The stock declined more than 7% after Morgan Stanley downgraded it to equal weight from overweight. Morgan Stanley expects funding costs to jump "significantly" over the next several quarters as Signature works to retain deposits from customers. Many Chinese stocks pared earlier gains, however, as the broader market sold off amid fears of aggressive monetary tightening.

☆ This retailer has a far-reaching view of the industry. Its profit warning doesn't bode well for the holiday season
▼ + stars: | 2022-12-05 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

If so, VF Corp. 's profit warning could be a sign of things to come. It reiterated its revenue forecast but slashed earnings outlook, citing expectations of a more promotional environment. On Monday, VF said there's a "more elevated than expected promotional environment" as it lowered its EPS guidance once again and said its CEO is stepping down . What's more, the latest revision isn't just about the promotional environment, and that's why it may be something for investors to watch. And "to a lesser degree," there is less demand in Europe and there are Covid-19 disruptions in China, it said.

☆ The Dow could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. (owner of The North Face and Vans), IBM (IBM) and 3M (MMM), is actually up 1% this year. There were several times when the stock market came back and then went back down,” said John Duffy, co-founder of Trending Stocks.

☆ Dow tumbles 500 points but could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November. It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. The S&P 500 and Nasdaq are still pretty deep in the red for 2022, off 17% and almost 30% respectively.

☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ Vietnam's VinFast ships first electric vehicles to U.S. customers
▼ + stars: | 2022-11-25 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

The first cars are expected to be handed over to customers by the end of December, the company said. Thuy said VinFast expected to be able to ship a second batch of cars to the United States, its first export market, around January. VinFast is in the process of building an electric vehicle plant in North Carolina that is awaiting final regulatory approval from local officials. VinFast said last week that Autonomy had ordered 2,500 electric vehicles, its largest corporate order to date. VinFast officials said the number 999 for the vehicles shipped in the first batch had been chosen because it is considered a lucky number in Vietnam.

☆ Vietnamese EV maker VinFast to supply 2,500 units to U.S. car subscription service Autonomy
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

"VinFast will begin delivering vehicles to Autonomy over the next 12 months," the companies said in a joint statement, noting Autonomy had initially ordered just 400 units in August. Autonomy allows users to subscribe to the use of one of their EVs, rather than having to buy or lease a car. VinFast has registered almost 65,000 reservations globally, and it expects to sell 750,000 EVs per year by 2026. In March, VinFast said it would build a production plant in North Carolina with an initial projected capacity of 150,000 EVs a year. According to the statement, VinFast is planning to showcase two new EV models, VF 6 and VF 7 at the upcoming Los Angeles auto show this week.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ CFOs Detail Plans to Manage Inflation, Shifts in Consumer Demand
▼ + stars: | 2022-10-28 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Ian Borden, McDonald’s CFO Photo: McDonald'sThere are really a couple of drivers for this year that resulted in that adjusted outlook. I think what I would say, coming into the role, is certainly it’s an area that I’m going to be focused on. But so far, we’ve seen [a] continued strong impact on our recommendations products from advancing developments in our AI work. We do expect that to be considerably higher than what we’ve seen in the past, reflecting the inflation that we’re dealing with across the business. When we talk about the impact of inflation, it is not just a domestic impact, it’s international as well.

☆ Earnings are off to a surprisingly decent start. Next week is the big test for tech
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Vietnam's VinFast recalls a third of its sold EVs to replace sensors
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +1 min

HANOI, Oct 15 (Reuters) - Vietnam's VinFast said on Saturday it would recall 730 of its model VF e34 electric cars (EVs), which are available only on the domestic market, to make checks and replace their side crash sensors. VinFast, which began operations in 2019, is a unit of Vietnam's biggest conglomerate Vingroup (VIC.HM) and has sold 2,208 EVs in total since its launch late last year. Register now for FREE unlimited access to Reuters.com RegisterThe company said it has not recorded any breakdowns or complaints from customers about the sensor errors. In March, VinFast said it would build a production plant in North Carolina with an initial projected capacity of 150,000 EVs a year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Phuong Nguyen Editing by Ros RussellOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer goes over the best and worst Q3 performers in the S&P 500
▼ + stars: | 2022-10-11 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

In this article CEGENPHETSYNFLXBIIBVFCCTLTLUMNFDX Follow your favorite stocks CREATE FREE ACCOUNTwatch nowCNBC's Jim Cramer on Tuesday gave his take on the winning and losing stocks in the S&P 500 during the third quarter. WinnersZoom In Icon Arrows pointing outwardsConstellation Energy Cramer said that the company is "perfectly crafted" for the ESG movement. Netflix The company's stock should be able to continue gaining if Netflix doesn't botch the launch of its ad-supported tier, he predicted. Biogen Cramer said he has faith in the company's Alzheimer's drug, though he believes Eli Lilly's will be better. VF Corp Cramer said he has no faith in the apparel stock's ability to rally in the current inflationary environment.

☆ Ghislaine Maxwell reportedly asked Elon Musk to destroy the internet in the famous photo of the two that the billionaire claims was a photobomb
▼ + stars: | 2022-10-11 | by ( Grace Kay | Travis Clark | ) www.businessinsider.com time to read: +3 min

Ghislaine Maxwell reportedly asked Elon Musk to destroy the internet in the famous photo of the two. The photo was taken at a Vanity Fair event in 2014, but didn't surface on social media until 2020. "She photo-bombed me once at a Vanity Fair party several years ago," he tweeted in July 2020. When the photograph was taken, Maxwell asked Musk if there was a way to delete information about oneself off the internet, the Times reported on Tuesday. Maxwell also told the Tesla CEO she wanted him to destroy the internet, a Vanity Fair worker who was standing next to the pair told The Times.

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