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☆ European markets set to start new trading week in positive territory; investors prepare for Davos
▼ + stars: | 2024-01-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher Monday as investors in the region gear up for the World Economic Forum in Davos, Switzerland. Titled "Rebuilding Trust," this year's forum runs from Jan. 14-19. Global business and political leaders will meet in the Swiss ski resort to discuss economic and geopolitical matters. This year, global trade, inflation, supply chains, technological change and wars in the Middle East and Ukraine are expected to top the agenda. Perhaps the most heavyweight political figures set to be in attendance are China's second-in-command Li Qiang and French President Emmanuel Macron, who will both give special addresses.

Persons: Li Qiang, Emmanuel Macron Organizations: World Economic, Global Locations: Davos, Switzerland, Jan, Swiss, East, Ukraine

☆ Here's why Warren Buffett calls airline stocks hazardous to your investment health
▼ + stars: | 2024-01-14 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

With a midair emergency, disappointing profit forecast and more aircraft groundings after only two weeks, the airline industry is already off to a turbulent 2024. "It's a labor intensive, capital intensive, largely commodity-type business," Buffett said during the annual meeting of Berkshire shareholders in 2013. Selling airlines In 2020, Buffett revealed that Berkshire sold all of its equity holdings in the U.S. airline industry. That included stakes worth a combined $4 billion in all four legacy carriers — United Airlines , American Airlines , Southwest Airlines and Delta Air Lines . And I don't know how it's changed and I hope it corrects itself in a reasonably prompt way," Buffett said then.

Persons: Warren Buffett, Buffett, Berkshire Hathaway, That's, he's, I've, Charlie Munger, it's, Donald Trump, ’ Buffett, Kitty Hawk, Orville, Richard Branson Organizations: Berkshire, U.S, — United Airlines, American Airlines, Southwest Airlines, Delta Air Lines, Buffett, U.S . Global JETS ETF, JETS, Chicago Cubs, CNBC, Virgin Atlantic Airways Locations: Omaha, NetJets

☆ Who are the Houthis? U.S. and U.K. strikes thrust Iran-backed group into the global spotlight
▼ + stars: | 2024-01-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

SANA'A, YEMEN - DECEMBER 03: Members of the Houthi-run Military Special Forces guard during a funeral procession of Houthi fighters at Al-Sha'ab Mosque on December 03, 2023 in Sana'a, Yemen. The strikes come after the Houthis defied a warning to stop targeting international maritime vessels in the Red Sea, which has wreaked havoc on global trade. This includes the Bab el-Mandeb Strait, a crucial maritime chokepoint that connects the Red Sea with the Gulf of Aden. The militants claim their attacks in the Red Sea are in response to the ongoing war in the Gaza Strip. A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt.

Persons: Mohammed Hamoud, —, Netherlands —, Joe Biden, Allah, Hussein Badr Eddin, Yemenis, Israel, Michael Page, Mohammed Abdulsalam, Sayed Hassan Organizations: Special Forces, Al, Getty, The U.S . Air Force, U.S . Central Command, Gaza, Watch, Human Rights, Hezbollah, Sea Locations: SANA'A, YEMEN, Sha'ab, Sana'a, Yemen, Iranian, Red, The, United Kingdom, Australia, Bahrain, Canada, Netherlands, Islam, Sanaa, Saudi Arabia, Al, Gaza, Israel, East, North Africa, Mandeb, Aden, Iran, U.S, Palestine, Suez, Ismailia, Egypt

☆ Oil prices fall 1% after surprise US storage build
▼ + stars: | 2024-01-10 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell nearly a dollar a barrel on Wednesday after a surprise jump in U.S. crude stockpiles raised worries about demand in the largest oil market. Global benchmark Brent crude oil futures settled 79 cents, or 1%, to $76.80 a barrel. Early in the session, both contracts had risen by more than a dollar before the U.S. Energy Information Administration reported a surprise build in crude oil stockpiles and larger-than-expected jumps in storage of gasoline and distillates. Gasoline stocks rose by 8 million barrels while distillate stocks jumped by 6.5 million barrels, the EIA reported. Europe's weak economic outlook also added to oil demand concerns.

Persons: Rob Haworth, Haworth, Luis de Guindos, majeure Organizations: U.S . West Texas, Brent, U.S . Energy Information Administration, U.S, Bank Asset Management, EIA, European Central Bank, National Oil Corporation Locations: Nolan , Texas, U.S, Israel

☆ A scientist explains what would happen if all the fish in the ocean disappeared
▼ + stars: | 2024-01-08 | by ( Kory Evans | The Conversation | ) www.businessinsider.com time to read: +5 min

So what would happen to Earth if all the fish in the ocean suddenly disappeared? NOAA, Kevin LinoI'm a scientist who studies fish, their diversity, and all the ways they contribute to ocean environments. Fish as foodFish play important roles as both predators and prey in ocean ecosystems. Related storiesIn coral reef ecosystems, small fish are eaten by larger fish and other marine animals. AdvertisementIn coral reef ecosystems, plant-eating fish control the growth of algae by constantly grazing it down.

Persons: Fish, Kevin Lino I'm, Rogers, parrotfish, Kory Evans Organizations: Service, Fisheries, NOAA, biosciences, Rice University Locations: They're, United States, parrotfish

☆ Will air fares remain high in 2024? Here's what experts say
▼ + stars: | 2024-01-08 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +5 min

"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.

Persons: Amex, —, Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa

☆ Goldman says cash on sidelines will fuel January stock run before it fades in February
▼ + stars: | 2024-01-03 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Even 2022, when the S & P 500 fell more than 19%, saw bigger inflows. These investors missed out with the S & P 500 ending the year with a 9-week winning streak to bring the benchmark's return for 2023 to 24%. .SPX 1Y mountain S & P 500, 1 year The S & P 500 fell to start the trading year on Tuesday and was indicated to fall slightly again on Wednesday. January is typically the strongest month of year for equity inflows anyway, Goldman notes. If investors allocate the typical percentage to stocks they do every January, this month could see $60 billion of inflows.

Persons: Goldman Sachs, Goldman, Scott Rubner, Rubner, Michael Bloom Organizations: Global

☆ AI, wearables and more — these markets are booming as the world ages. The pros share 4 stock picks
▼ + stars: | 2023-12-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

"The aging population discussion in recent years has mostly revolved around future challenges to labor productivity and its economic growth implications," he said. AI, robotics and wearables The aging population stands to gain significantly from breakthroughs in robotics powered by artificial intelligence, according to Afzal. Arelis Agosto, research analyst at Global X ETFs, said wearables technology is one interesting area to invest in for the aging theme. "We view self-sustaining monitoring and therapeutic systems as the future of patient care, though it is particularly beneficial for elderly patients," Agosto said. Global X ETFs, a fund management company, offers a way to tap the aging theme through its Aging Population ETF.

Persons: Shams Afzal, There's, Afzal, Stryker, Dani Saurymper, Saurymper, Arelis Agosto, Agosto Organizations: Carnegie Investment, CNBC Pro, Stryker, EU, Longevity, Global, Carnegie, Abbott Laboratories, Agosto Locations: U.S, GLP, Agosto

☆ From ‘Barbenheimer’ to Taylor Swift, here are the most important films of 2023 and why they worked
▼ + stars: | 2023-12-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

Hannah Beier | The Washington Post | Getty ImagesCall 2023 an explosive comeback at the box office. Together, those three films contributed more than $1.5 billion to the domestic box office, according to data from Comscore. But in the meantime, here's a look at some of the most important theatrical releases of 2023 — and why they worked. Meanwhile, Disney has seen its animated content lag at the box office in the wake of the pandemic. "His Only Son," a biblical drama released in early 2023, cost $250,000 to make and generated $12.4 million at the box office.

Persons: Barbie, Oppenheimer, Hannah Beier, Mario, Comscore, Greta Gerwig, Christopher Nolan's, J, Robert Oppenheimer, Chris Pratt, Charlie, Luigi, Disney, Kung, Taylor Swift, Michael Jackson's, Buda Mendes, tas23, Swift, Beyoncé, Tim Ballard, Jim Caviezel, Covid, Blumhouse, Cabrini, Saint Francesca Cabrini, Bonhoeffer, Dietrich Bonhoeffer Organizations: Washington Post, Getty, Warner Bros, Mario Bros, Universal, Disney, Pixar, Walt Disney Animation, Swift, AMC, National Football League, Angel Studios, Century Fox, Roman Catholic, Reich Locations: Somerdale , New Jersey, There's, New York, Universal, Hollywood, Colombia

☆ Five defensive stocks to buy now if you think there's recession risk ahead
▼ + stars: | 2023-12-26 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

CVS YTD mountain CVS stock has fallen 15% from the start of the year. KR YTD mountain Kroger stock has added nearly 2% from the start of the year. AER YTD mountain AerCap stock has rise nearly 28% from the start of 2023. GM YTD mountain General Motors stock has gained 8% in 2023. GPN YTD mountain Global Payments stock has risen 27% year to date.

Persons: Patrick Kaser, Kaser, Kroger, there's, AerCap, Kaser's, Aengus Kelly Organizations: Brandywine Global, CNBC, CNBC Fed Survey, Federal Reserve, CVS, Kroger, Albertsons, KR, Aerospace, Motors, United Auto Workers, UBS, GM, General Motors, Global Locations: Brandywine, U.S, Walmart's heft

Her concert picture, “ Renaissance: A Film by Beyoncé,” opened in first place with $21 million in North American ticket sales, according to estimates from AMC Theatres Sunday. The 39-city, 56-show “Renaissance” tour, which kicked off in Stockholm, Sweden in May and ended in Kansas City, Missouri in the fall, made over $500 million and attracted over 2.7 million concertgoers. Toho's 33rd Godzilla film is set in the aftermath of World War II, stars Ryunosuke Kamiki and was directed by Takashi Yamazaki. “Trolls Band Together” landed in fourth place in its third weekend with $7.6 million, bringing its domestic total to $74.8 million. “Renaissance: A Film by Beyoncé,” $21 million.

Persons: Beyoncé, ”, Elizabeth Frank, “, John Woo, Paul Dergarabedian, “ Taylor Swift, it’s, Swift, Miley Cyrus, Justin Bieber, EntTelligence, ” Dergarabedian, Ryunosuke Kamiki, Takashi Yamazaki, Koji Ueda, Ridley Scott’s “ Napoleon ”, Joaquin Phoenix, “ Wonka, Comscore, “ Napoleon Organizations: North, AMC Theatres, AMC, Films, Comscore, Netflix, Swift's, Rotten, Toho International, Toho Global, Apple Original, Sony Pictures Locations: U.S, Canada, Stockholm, Sweden, Kansas City , Missouri, Japan

The hundreds of fossil fuel-connected people make up just a tiny share of the 90,000 people who registered to attend the climate summit known as COP28. “Let history reflect the fact that this is the Presidency that made a bold choice to proactively engage with oil and gas companies,” al-Jaber said. COP28 comes as the planet faces a mounting imperative to reduce greenhouse gas emissions. David Hone, Shell's chief climate adviser, is in Dubai for at least his 17th appearance at the annual climate talks. At the moment, it's preventing about 0.1% of the energy sector's carbon emissions from reaching the atmosphere, according to the IEA.

Persons: Bob Deans, Deans, Sultan al, Jaber, “, ” al, COP28, TotalEnergies, Paul Naveau, Patrick Pouyanné, ” Naveau, Naveau, Shell, that's, ”, Arthur Lee, David Hone, Hone, Rachel Rose Jackson Organizations: The United Nations, U.S, Resources Defense, United Arab Emirates, Global, Coalition, Shell, TotalEnergies, BP, AP, Nations, UN, didn't, ”, International Energy Agency, IEA, Chevron, Corporate Locations: United Nations, Dubai, Chevron, Shell's

☆ Pfizer's twice-daily weight loss pill joins a long list of obesity drug flops
▼ + stars: | 2023-12-02 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

That includes Novo Nordisk 's Wegovy and diabetes treatment Ozempic as well as Eli Lilly 's diabetes drug Mounjaro. They have all skyrocketed in popularity — and slipped into shortages — over the last year for safely and successfully causing significant weight loss. But before the current weight loss industry gold rush, the path to treating obesity was strewn with failures dating back decades. In its full-year 2019 earnings, Eisai reported that Lorcaserin had sales of $28.1 million in the U.S. for the year. Sanofi's rimonabantAn obesity drug called rimonabant from Sanofi and Aventis was withdrawn from all markets in 2008 due to the risk of serious psychiatric problems, including suicide.

Persons: Eli Lilly, drugmakers, lorcaserin, Eisai, Lorcaserin Organizations: Getty, Pfizer, Novo Nordisk, U.S, Drug Administration, FDA, Aventis, Abbott Laboratories Locations: U.S, Sanofi

Despite the fact that food is a big climate problem, very little has been done so far to address it. Here are some details about the sources of emissions from the food and agriculture sector:HOW MUCH DOES OUR FOOD EMIT? Global food systems accounted for 17 billion metric tonnes of carbon dioxide equivalent or 31% of human-made greenhouse gas emissions in 2019, according to the United Nations' Food and Agriculture Organization (FAO). That wasted food - including the energy used to produce and transport it, spoilage along the way and the food thrown out after rotting in household fridges - generates half of all global food system emissions, according to a March study published in the journal Nature Food. Food waste makes up about 25% of municipal solid waste in landfills in the United States, according to a recent study by the Environmental Protection Agency.

Persons: Brittany Hosea, Leah Douglas, Josie Kao Organizations: REUTERS, mets, United Nations, Food, Agriculture Organization, FAO, Environmental Protection Agency, Thomson Locations: Vernalis , California, U.S, Dubai, Brazil, United States

☆ Saudi Arabia is struggling to boost oil prices, raising possibility of supply war with U.S.
▼ + stars: | 2023-12-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. The outcome is a "bittersweet victory" for OPEC kingpin Saudi Arabia, wrote Jorge Leon, senior vice president of Rystad Energy, in a note Thursday. With oil prices down more than 14% since September highs, traders were hoping that OPEC could provide a boost. In the end, Saudi Arabia may have only one option — launch a supply war by flooding the market with oil. The 2.2 million bpd in voluntary cuts from the coalition of the willing is somewhat deceiving.

Persons: Jorge Leon, bode, Leon, Brent, Natasha Kaneva, Paul Sankey, John Kilduff, Kilduff, it's, Sankey, Kaneva, Goldman Sachs, Goldman, Daan Struyven, Struyven Organizations: Rystad Energy, Traders, Sankey Research, U.S . Oil, U.S, OPEC, United Arab, Goldman Locations: U.S, OPEC, Saudi Arabia, Riyadh, Saudi, China, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, Oman

☆ Geely’s stalled IPO discounts global expansion
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 1 (Reuters Breakingviews) - Electric-car marque Zeekr, controlled by China’s largest private auto group Zhejiang Geely, has hit a roadblock. It is putting on hold its New York initial public offering because of a mismatch in valuation expectations, Reuters reported on Thursday. It was hoped the listing would break the ice and encourage a resurgence in Chinese volumes in U.S. capital markets. Its prospectus was published in November, when global stocks recorded their best performance since 2020. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Xi Jinping, Joe Biden, Katrina Hamlin, Julius Baer’s, Una Galani, Thomas Shum Organizations: Reuters, Zhejiang, American, Tata Technologies, X, Barclays, Thomson Locations: HONG KONG, York, Mumbai, Europe, United States, China

☆ Clash Over Climate Tipping Points and Fossil Fuels’ Future at COP28
▼ + stars: | 2023-11-30 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This year is the hottest on record, and evidence is growing that climate systems are hitting dangerous tipping points. That backdrop is intensifying a fight over the future of fossil fuels that is set to dominate the annual United Nations climate conference over the next two weeks. New studies have found that several tipping points—from a collapse of Atlantic Ocean currents to drying of the Amazon rainforest—could be passed sooner than anticipated, some around the middle of this century. Loss of much of the West Antarctic ice sheet may already be unavoidable. Global temperatures, meanwhile, set record highs this year, the U.N.’s World Meteorological Organization said Thursday.

Organizations: United Nations, Meteorological Organization Locations: United

☆ Goldilocks meets Santa as global stocks power to best month in three years
▼ + stars: | 2023-11-30 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

MSCI's world stock index (.MIWO00000PUS) is set to close the month up around 9%, its best performance since November 2020, when markets cheered the arrival of COVID-19 vaccines. Global bond prices have soared, with an ICE BofA index of global investment-grade bonds in major markets set to return 3.4% in November, the best month on record going back to 1997. Global growth stocks in high-tech sectors are up 11% (.dMIWO0000GNUS) while value stocks, which are mainly in cyclical industries and offer high dividends, have gained 6.5% (.dMIWO0000VNUS). And a cloudier outlook for stocks suggests a divergence could open up between again between stocks and bonds. The broader global index is set to return 1.6% for the year.

Persons: Joshua Roberts, That's, bode, Altaf Kassam, Wall, We've, Guy Miller, Joost Van Leenders, Van Lanschot Kempen, Van Leenders, Kassam, Naomi Rovnick, Yoruk Bahceli, Dhara Ranasinghe, Christina Fincher Organizations: Federal Reserve, REUTERS, U.S . Federal Reserve, European Central Bank, State Street Global Advisors, Traders, Fed, Insurance Group, Equity, Reuters Graphics Reuters, Treasury, Thomson Locations: Washington , U.S, COVID, U.S

☆ Sending money both at home and abroad can have its challenges. New innovations are tackling those problems.
▼ + stars: | 2023-11-30 | by ( Sponsor Post | Created Insider Studios With Mastercard | ) www.businessinsider.com time to read: +5 min

Almost half — 47% — of SMEs who have experienced problems with international payments say they have become less confident about sending money across borders and as a result send fewer payments overseas. "The market expectation is that the user experience for domestic payments can be replicated with cross-border payments. However, cross-border payments still face a lot of challenges. "Against this backdrop, it's never been more crucial for cross-border payments to arrive safely. The G20 Roadmap for Enhancing Cross-Border Payments aims to make such transactions "cheaper, faster, more transparent, and more accessible" by 2027.

Persons: Rasika Raina, Mastercard's, Raina, it's Organizations: Mastercard, Research, Insider Studios

☆ A showdown is brewing over money, oil and carbon. Here's what's at stake at the COP28 climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +8 min

Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.

Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels

WASHINGTON (AP) — Vice President Kamala Harris will join the U.S. delegation to Dubai for the annual United Nations conference on climate change, the White House said Wednesday. This weekend's trip for COP28 appears to have been hastily arranged, since her staff recently said she had no plans to attend. White House officials did not explain the change in plans, but the announcement comes after criticism of Joe Biden's decision to skip the summit. The White House said Biden spoke Wednesday with President Mohamed bin Zayed of the United Arab Emirates, which is hosting COP28. Her trip will be closely watched for reasons other than climate change.

Persons: Kamala Harris, Joe Biden's, He’s, Biden, Mohamed bin Zayed, Harris, ”, Antony Blinken, John Kerry, Ali Zaidi, John Podesta, Jordan Organizations: WASHINGTON, —, U.S, United Nations, White, United Arab Emirates, ”, The Associated Locations: Dubai, COP28, Africa, Washington, Arab, Israel, Gaza, Palestinian

CNN —The president of Sierra Leone has described a foiled assault on a military barracks in the capital Freetown as an “attack on democracy.”In a video statement posted on X, formerly Twitter, late Sunday, President Maada Bio said most of the ringleaders had been arrested and calm restored. The news sparked fears of another potential coup attempt in West Africa. A nationwide curfew was imposed following an attack in the early hours of Sunday on the military barracks, leading to widespread flight disruption. Authorities revised the indefinite curfew, saying it would now run from 9:00 p.m. to 6:00 a.m. daily local time, starting Monday. A divisive electionPresident Bio described the incident as an “attack on democracy,” but did not state outright that it was a coup attempt.

Persons: Maada Bio, ”, “, ” Sierra, Bio, Bio’s, Oluwole, ” Ojewale Organizations: CNN, West African, ECOWAS, ” ECOWAS, Institute for Security Studies, ” Locations: Sierra Leone, Freetown, West Africa, Sierra Leone’s, ” Sierra Leone, West African, ” West Africa, Guinea

CNN —Russia has foiled at least 20 Ukrainian drone attacks over the past day, including on the capital, Moscow, officials said Sunday, a day after it launched its largest drone attack against the Ukrainian capital. According to Russia’s Ministry of Defense, 11 drones were destroyed over the territories of Moscow, Tula, Kaluga and Bryansk oblasts over Saturday night, adding later on Sunday that nine more were also destroyed over the same regions. A municipal service worker sweeps up debris on the playground of a drone-damaged preschool in the Solomianskyi district of Kyiv, Ukraine, on November 25, 2023. Global Images Ukraine/Global Images Ukraine/Getty ImagesThe attacks follow Russia’s largest drone attack against Ukraine’s capital of Kyiv since the start of its full-scale invasion, according to local officials. A Telegram post from Ukraine’s Air Force said it had intercepted 71 Shahed drones across six regions of Ukraine, with the vast majority in Kyiv region.

Persons: Sergey Sobyanin, Alexey Dyumin, Denis Pushilin, ” Pushilin Organizations: CNN, Russia’s Ministry of Defense, Moscow, Donetsk People’s, DPR, Ukraine’s Air Force, Kyiv Locations: Russia, Ukrainian, Moscow, Tula, Kaluga, Bryansk, Russian, Donetsk, Donetsk People’s Republic, Azov, a.m, Solomianskyi, Kyiv, Ukraine

NEW YORK (AP) — Stores stepped up discounts and other enticements on Black Friday to entice shoppers holding out for the best deals. Many retailers ordered fewer goods for this holiday season and pushed holiday sales earlier in October than last year to help shoppers spread out their spending. Political Cartoons View All 1265 ImagesBut this year, retailers said more shoppers are focusing on deals and waiting until the last minute. Salesforce said online sales rose 1% to about $7.5 billion year-over-year on Thanksgiving, as retailers offered better deals. The group has forecast that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago.

Persons: Yvonne Carey, Michael Kors, Cary, ” Carey, Jeff Gennette, Macy's, Gennette, Kohl’s, Brian Cornell, Salesforce, Sensormatic, Marshal Cohen, “, ” Cohen, ‘, Alexandra Olson, Anne Organizations: Herald, Macy’s Herald, Associated Press, Disney Princess, Target, New Jersey State Police Bomb Unit, Global, National Retail Federation, Adobe Analytics, Adobe, Solutions Locations: Manhattan, Macy’s, New Jersey, New York City, U.S, New York

☆ Branding’s corporate titans face moment of truth
▼ + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com time to read: +8 min

Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.

Persons: Kraft Heinz, Nestlé, ’, Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, ”, François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, ’, United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, “, Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London

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