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☆ Oil steady as market awaits key US inflation data
▼ + stars: | 2023-04-12 | by ( Muyu Xu | ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Oil prices were mostly steady on Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve's policy on future interest rate hikes. The U.S. consumer price index is expected to show March core inflation rose 0.4% on a monthly basis (USCPF=ECI) and 5.6% year-on-year (USCPFY=ECI), according to a Reuters poll of economists. In another negative for oil demand, the International Monetary Fund on Tuesday trimmed its 2023 global growth outlook, citing the impact of higher interest rates. In addition to the inflation data, the market is waiting for more clarity on oil demand and supply with monthly reports from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency due on Thursday and Friday respectively. The U.S. Energy Information Administration on Tuesday cut its forecast for oil production by OPEC countries by 0.5 million barrels-per-day for the rest of 2023 and cut its 2023 world oil demand growth forecast by 40,000 bpd.

☆ ICON prepares to build on the lunar surface. But first, a moonshot at home
▼ + stars: | 2023-04-12 | by ( Thomas Page | ) edition.cnn.com time to read: +9 min

Casey Dunn/ICONA thread running through ICON’s work is building homes for disadvantaged people, including accommodation for the long-term homeless, often in collaboration with non-profits. Bailey suggested the success of 3D-printed housing could hinge on how it is perceived by prospective residents. Instead of Lavacrete, ICON is experimenting with using lunar regolith, the mineral-rich dust and rock that covers the moon’s surface. ICON's Project Olympus will see a construction system built by the company on the moon later this decade. Apis CorCOBOD is responsible for what it claims is the tallest 3D-printed building in the world, a three-story house in Saudi Arabia.

☆ INDIA RUPEE Rupee to inch up ahead of key US inflation data
▼ + stars: | 2023-04-12 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

The non-deliverable forwards indicate the rupee will open at around 82.06-82.10 to the U.S. dollar compared with 82.12 in the previous session. Heading into the data, investors are pricing in a 70% chance that the Fed will raise rates by 25 bps points at the May meeting. The India inflation data is due a few hours before the U.S. number. India's consumer inflation rate likely softened in March to 5.80%, dipping below the Reserve Bank of India's upper tolerance limit of 6% for the first time this year, according to a Reuters poll. "India inflation is way less important (than U.S.) for how the rupee will open tomorrow," the spot trader said.

☆ Gold gains as traders gear up for US inflation data
▼ + stars: | 2023-04-12 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

SummarySummary Companies All eyes on CPI data due at 1230 GMTA soft inflation print could send gold above $2,032 - analystApril 12 (Reuters) - Gold prices gained on Wednesday as investors keenly await key U.S. inflation data for signs of how close interest rates are to peaking. Gold is considered an inflation hedge, but rising interest rates reduce the appeal of non-yielding bullion. Gold could continue to drift higher "as early birds place their bets on a soft inflation report," said Matt Simpson, senior market analyst at City Index. "A soft inflation print could send gold prices above $2,032 to mark a fresh YTD high, given the inverted yield curve, talks of soft growth and rise of geopolitical tensions across parts of Asia." A "weaker U.S. dollar and returning investment flows have been holding (gold) prices, ANZ said in a note.

☆ Gold gains as traders gear up for U.S. inflation data
▼ + stars: | 2023-04-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices gained on Wednesday as investors keenly await key U.S. inflation data for signs of how close interest rates are to peaking. Gold could continue to drift higher "as early birds place their bets on a soft inflation report," said Matt Simpson, senior market analyst at City Index. "A soft inflation print could send gold prices above $2,032 to mark a fresh YTD high, given the inverted yield curve, talks of soft growth and rise of geopolitical tensions across parts of Asia." Philadelphia Fed Bank President Patrick Harker on Tuesday said he feels the Fed may soon be done raising rates, while New York Fed President John Williams said the Fed's policy path will depend on incoming data. A "weaker U.S. dollar and returning investment flows have been holding (gold) prices," ANZ said in a note.

Reuters has reviewed more than 50 of the documents, labeled "Secret" and "Top Secret" but has not independently verified their authenticity. This could help investigators focus their effort, though many people could have had access to these documents. Some images also depict printouts of documents with time stamps at the top right corners showing when they were printed. One of the leaked documents rests on a table and in the right corner of the picture is what appears to be a bottle of Gorilla super glue. U.S. officials told Reuters on Sunday that they have not ruled out the possibility that the documents may have been doctored.

☆ Asset management firm discusses U.S. inflation print and Fed outlook
▼ + stars: | 2023-04-12 | 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 EmailFed will hike rates if U.S. inflation print is hot — and it'll be a mistake: Asset management firmNeal Wilson, co-CEO of EJF Capital, says he agrees with the International Monetary Fund's report from yesterday.

The blue-chip FTSE 100 (.FTSE) rose 0.5%, while the mid-cap FTSE 250 (.FTMC) lost 0.1% as of 0807 GMT. Oil and gas (.FTNMX601010) added 0.8% as crude prices gained against the dollar, lifting oil giants BP Plc (BP.L) and Shell Plc (SHEL.L) 0.6% and 1.0%, respectively. "The FTSE 100 is falling in line with the positive sentiment we saw at the start of the week, overlooking the China-Taiwan tensions," said Giles Coghlan, chief market analyst at HYCM. While concerns over a potential recession in the U.S. amid persistent inflation have weighed on sentiment recently, the FTSE 100 has been on a positive streak, helped by commodity stocks and defensives including pharmaceuticals. Shares of West Africa-focused oil producer Tullow Oil (TLW.L) slid 2.9% on Jefferies' downgrade to "underperform" from "hold."

☆ March CPI and the Fed's next steps in its inflation battle: Everything to know
▼ + stars: | 2023-04-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here — March's inflation report is due at 8:30 a.m. "Super core inflation in the CPI report has shown no signs of abating yet," he wrote in a note. Below, I'm breaking down how the world's largest asset manager expects the inflation story to pan out in the long-run. But BlackRock isn't convinced that strength can continue. These three under-the-radar signals suggest that a US recession isn't as close as you might think.

☆ 12 Best Gifts for a First-Time Dad
▼ + stars: | 2023-04-11 | by ( ) www.wsj.com time to read: +7 min

Here are 12 of the best first Father’s Day gift ideas. For the stylish dadFew things are more adorable than teeny baby shoes—especially when they’re paired up with a practically identical pair of kicks for Dad to wear as well. For the sentimental dadGo ahead, pull on the heartstrings—a sentimental gift makes perfect sense, especially for an occasion like Father’s Day. The cap comes in 14 color combinations and can even be personalized with a different word or phrase of your choice. “It’ll make a great prop or photo opp, and you can’t have too many cute new parent pictures!” she says.

Persons: Sarah Grossbart, Rachel Simon You, ”, Paul Zahn, they’re, Adidas Stan Smith, Lindsay Roberts Schey, “ it’s, Alison Deyette, Josh McBride, Nick Guy, Steve Greenberg, it’s, Kimberly Wolf, Roberts Schey, Beau, —, Elisabeth Jones, Hennessy, GiftMeChic, Hannah Redmond, “, Comfort, Deyette, ” Wolf Organizations: Polaroid, Adidas Locations: Los Angeles, New York City, Houston, Kiehl’s

☆ A new trailer for the much-hyped Barbie movie has sent shoppers searching online for fluffy mules and pink clothes, with 'Barbiecore' set to be a hot trend in 2023
▼ + stars: | 2023-04-11 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

According to fashion search site Lyst, searches for the color pink have surged since the trailer's release. Online searches showed a specific interest in items worn by Robbie in the trailer after its release in early April. The aesthetic has been dominating fashion for the past year with the hot pink color appearing on runways and red carpets, according to The Business of Fashion. Valentino's creative director Pierpaolo Piccioli debuted a hot pink color, dubbed "Pink PP" that was developed with Pantone, at Paris Fashion Week in March 2022. Celebrities including Harry Styles, Anne Hathaway, Kim Kardashian, and Zendaya were seen sporting hot pink outfits at the time.

☆ Analysts worry about Microsoft's cloud but really like Humana. Here's our take on both Club stocks
▼ + stars: | 2023-04-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

UBS analysts are warning about additional weakness in Microsoft 's (MSFT) key cloud computing, while Morgan Stanley issued a rosy multiyear outlook on Humana (HUM). Here's a look at both notes and how we feel about the stocks, which are both in the Club's portfolio. MSFT 1Y mountain Microsoft's stock performance over the past 12 months. Ahead of all that, UBS lowered its own Azuze revenue growth estimates for Microsoft's fourth-quarter and upcoming fiscal year 2024. The news: Club holding Humana is the "strongest earnings growth story" in the managed care industry, Morgan Stanley equity analysts told clients in a note Tuesday.

☆ Netflix expands its product ambitions in a clothing collab that mashes up the Lacoste crocodile with 'Bridgerton,' 'Stranger Things,' and more
▼ + stars: | 2023-04-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix has teamed with Lacoste to create a clothing collaboration inspired by eight of its popular shows, including "Bridgerton," "Stranger Things," and "Lupin." For the pieces, Lacoste reimagined its iconic crocodile logo with elements of the Netflix shows on a collection of polos, caps, sweatshirts, and tracksuits. For "Stranger Things," a sweatshirt features the crocodile with the face of the Demogorgon, the feared creature from Season 1. Lacoste apparel inspired by "Stranger Things." NetflixThe items cost $30 to $210 and will be sold at select Lacoste stores and on Lacoste.com and Netflix.shop.

☆ Treasury yields dip as investors look to Fed speaker remarks ahead of key inflation data
▼ + stars: | 2023-04-11 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over two basis points to 3.3887%. U.S. Treasury yields fell on Tuesday as investors awaited a series of comments from Federal Reserve officials and looked to key inflation data due later in the week. Investors braced themselves for fresh inflation figures due this week, including the consumer price index print and core inflation figures on Wednesday and the producer price index report on Thursday. Before then, investors will hear from a series of central bank officials, with Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker and Minneapolis Fed President Neel Kashkari due to make remarks on Tuesday. Investors will be scanning their comments for hints about the Fed's expectations for inflation and monetary policy.

☆ Gold advances on softer dollar as traders await U.S. inflation data
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: +2 min

A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018. Gold prices gained on Tuesday after falling over 1% in the previous session, as the dollar eased ahead of key U.S. inflation data. U.S. gold futures rose 0.5% to $2,013.30. The opportunity cost of holding the non-yielding bullion rises when interest rates are raised to bring down inflation. Data on Tuesday showed top bullion consumer China's March consumer inflation hit the slowest pace since September 2021 and suggested demand weakness persisted amid an uneven economic recovery.

☆ Gold advances on softer dollar as traders await US inflation data
▼ + stars: | 2023-04-11 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

U.S. gold futures rose 0.4% to $2,012.30. Traders are now focussing on the U.S. consumer price data due Wednesday for more clarity on the path of rates heading into the Fed's May policy meeting. The opportunity cost of holding the non-yielding bullion rises when interest rates are increased to bring down inflation. "Near-term, there are also bearish technical setups for a corrective move lower" in gold prices, OCBC's Wong added. Data on Tuesday showed top bullion consumer China's March consumer inflation hit the slowest pace since September 2021 and suggested demand weakness persisted amid an uneven economic recovery.

☆ TikTok is subsidizing shipping and hawking 30% discounts as it races to onboard US sellers for its social-shopping service
▼ + stars: | 2023-04-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Sellers told Insider that TikTok Shop is driving real sales, but still has some bugs to work out. Thus, when TikTok emailed her in March to join the US rollout of its e-commerce initiative TikTok Shop, she decided to give it a shot. Unlike with some other e-commerce platforms such as Amazon, TikTok sellers in the US need to handle their own order shipping and fulfillment. TikTok assists in generating shipping labels for new orders, the sellers told Insider. FancyCube is leaning heavily into working with influencers on TikTok Shop, sending them free products and offering them between 10% and 15% commission when their TikTok videos convert into makeup sales.

☆ I sell used sneakers on Goat to pay for new pairs to add to my collection. Here's how to guarantee a sale on the resale platform.
▼ + stars: | 2023-04-10 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I've sold shoes in person and on Poshmark, but my favorite platform to sell sneakers is Goat. I have sold shoes in person and on Poshmark over the past year, but my favorite platform to sell sneakers is Goat. The company even authenticates all used shoes, in addition to new, which gives buyers more confidence they are not buying replica pairs. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ I began selling stickers on Etsy as a fun hobby and now make 6-figures from my business. Here's how I got started.
▼ + stars: | 2023-04-07 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +7 min

Jenkinson makes hundreds of thousands of dollars a year from selling stickers and courses. Mim JenkinsonI wanted a creative hobby to keep my mind occupied, so I started to make stickers for my planner. A few months after I started, I started getting questions from customers about how I was making the stickers. I aim to find out what I can make easier for them, whether they're buying or making stickers. I would never have imagined that selling stickers would've had the impact that it's had on my life.

☆ 4 reasons small businesses shouldn't skip out on advertising in local media
▼ + stars: | 2023-04-07 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +8 min

Small businesses that invest in local advertising can connect and engage with their communities. Local advertising is a way small businesses can support and partner with other businesses. Companies can help other small businessesAppearing in local media outlets that have been around for generations and are known and trusted in the community can elevate local businesses, Walker-Smith said. He also said that many local media outlets are also small businesses themselves, so advertising is a way of supporting the business community. Even if small businesses think local advertising is too expensive, Walker-Smith urged company owners to contact local media organizations about what options are available.

☆ Inside the creation of Revolve's first-ever AI-generated billboards
▼ + stars: | 2023-04-07 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Revolve's co-CEO said generative AI might lead to budgets shifting for future ad campaigns. What made these particular billboards different from other out-of-home creative is that they were developed using generative AI tools. Thanks to the generative AI explosion, anyone can create a piece of art just by typing in a prompt. Using generative AI to create high-quality images for ads, especially scaled to billboard size, is a huge challenge because it's difficult to control the final result. AI-generated billboard art RevolveThere are time and cost savings when using generative AI tools, Foiret said.

☆ An Australian mayor may sue OpenAI after ChatGPT allegedly made false claims that he'd been jailed for bribery
▼ + stars: | 2023-04-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

An Australian mayor may sue OpenAI after ChatGPT said he'd been jailed for a bribery scandal. Hood told Australia's ABC News he was "horrified" that ChatGPT had been saying he'd been convicted. Hood told ABC News it was all the more "disturbing" because ChatGPT got some details correct. ChatGPTChatGPT also described Hood as CEO of Note Printing Australia, when he was company secretary, per the Herald Sun. This small notice at the bottom of the chatbot's webpage is "nowhere near adequate," Hood told ABC News.

☆ Analysts expect a big earnings drop this season. These 14 stocks are set to buck the trend
▼ + stars: | 2023-04-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

First-quarter earnings per share for the S & P 500 are set to decline by 7% compared with the year-ago period, Goldman Sachs said in a note to clients Wednesday. That's why we spend less time worrying what the S & P 500 will earn and focus more on how individual companies are performing . Some S & P 500 sectors, like consumer discretionary and energy, are poised to grow profits compared with 2022, according to Goldman. Within the Club's portfolio, we found 14 companies that are set to report positive earnings growth this earnings season, according to FactSet estimates. As always, we'll analyze both our companies' earnings reports and consider their guidance to ensure our investment rationale is still intact.

☆ King Charles invited Biden for state visit, Biden accepted - White House
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 5 (Reuters) - Britain's King Charles has invited U.S. President Joe Biden to the United Kingdom for a state visit and Biden accepted, the White House said on Wednesday. The invitation came during a conversation between Biden and Charles on Tuesday in which Biden informed the king that U.S. first lady Jill Biden would attend his coronation in May. A print of the picture of Britain's King Charles, used on the bottles of a coronation ale called Return Of The King, is seen at the bar area of the Windsor and Eton Brewery, in Windsor Britain, April 5, 2023. REUTERS/Peter Nicholls/File Photo"The president was appreciative of the offer by the King and looks forward to that state visit," White House spokesperson Karine Jean-Pierre told reporters. Reporting by Steve Holland and Moira Warburton in Washington; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.

☆ We remain bullish on Constellation Brands despite a top-line miss last quarter
▼ + stars: | 2023-04-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Constellation Brands (STZ), the maker or Corona beer and other alcoholic drinks, reported mixed quarterly results on Tuesday. Bottom line Despite the top-line miss, we like what we're seeing this current quarter, which includes Cinco de Mayo, a big day for beer sales. Beer operating margin contracted as higher prices were more than offset by higher packaging, raw materials, logistics and other costs. Additionally, operating cash flow is expected to come in between $2.4 billion and $2.6 billion, below the 3.06 billion expected coming into the quarter. Taking out capital expenditures of $1.2 billion to $1.3 billion, the free-cash-flow forecast comes in between $1.2 billion and $1.3 billion, also a bit short versus the $1.4 billion expected coming into the print.

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