DIRS.INFO The most relevant business & tech news

☆ 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

Climate Change Conference (COP 28) that opens on Nov. 30 in Dubai. Neither floods nor fires are new to Greece but with climate change, they are becoming a frequent disruptor to an economy dependent on tourism and farming. "We have to change our prediction methods," Skylakakis said, acknowledging the rapid pace of climate change. Mitsotakis has urged the EU to top up its solidarity fund and help countries tackle the impact of climate change. Adaptation measures worth 67 billion euros could reduce that loss to 510 billion euros, the country's leading economic think tank IOBE said in a February report.

Persons: Louisa Gouliamaki, Dimitris Kouretas, Kouretas, Theodore Skylakakis, Storm Daniel, Kostas Agorastos, Giorgos Stasinos, Kyriakos Mitsotakis, Sokratis Famellos, Skylakakis, Thanos Giannakakis, Nikos Papathanasis, Miltiadis Gkouzouris, Mitsotakis, Petros Varelidis, Lefteris Papadimas, Renee Maltezou, Michele Kambas, Daniel Flynn Organizations: Reuters, United Nations Environment Program, Mount Olympus, HVA, Chamber, European, Justice, EU, Water Management, Environment Ministry, Thomson Locations: Vlohos, Greece, Greece's, Thessaly, Europe, Dubai, Los Angeles, Dutch, Athens, Thessaly's, Mouzaki, Netherlands

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

However, it offered a cautious outlook and said that shoppers pulled back their spending in late October. Industry analysts are dissecting the data, seeking to shed more light on how consumers are feeling as the holiday approaches. Walmart reported that profits were $453 million, or 17 cents per share, for the three-month period ended Oct. 31. Comparable store sales — those from established stores and online operating over the past 12 months — rose 4.9% for the Walmart U.S. division for the quarter. Global e-commerce sales rose 15%.

Persons: That's, Doug McMillon, it’s, McMillon, Macy’s, Anne Organizations: Walmart, Industry, Shoppers, Federal Reserve, U.S . Commerce Department, Revenue, Walmart U.S Locations: Bentonville , Arkansas, U.S

☆ Stock Market Today: Dow Rises 150 Points; Post-CPI Stock Rally Continues
▼ + stars: | 2023-11-15 | by ( ) www.wsj.com time to read: +1 min

Stocks rose again Wednesday after fresh data suggested that the economy is slowing. U.S. retail sales fell slightly in October, the first decline since March. Producer prices fell 0.5% in October, marking the biggest drop since April 2020. All three major U.S. indexes rose slightly. Bond yields rose as prices fell.

Persons: Stocks, Dow, TJX Organizations: Federal Reserve, Brent Locations: U.S

☆ Stock Market Today: Dow, S&P 500 Open Higher; Stocks Seek to Build on Post-CPI Rally
▼ + stars: | 2023-11-15 | by ( ) www.wsj.com time to read: +1 min

U.S. retail sales fell slightly in October, the first decline since March. That follows softer-than-expected U.S. inflation data on Tuesday that sent equities and bonds soaring. All three major U.S. indexes rose slightly. Bond yields rose as prices fell. Producer prices fell 0.5% in October, marking the biggest drop since April 2020.

Persons: Stocks Organizations: Federal Reserve, Brent Locations: U.S

☆ Health Risks Linked to Climate Change Are Getting Worse, Experts Warn
▼ + stars: | 2023-11-14 | by ( Delger Erdenesanaa | ) www.nytimes.com time to read: +1 min

Climate change continues to have a worsening effect on health and mortality around the world, according to an exhaustive report published on Tuesday by an international team of 114 researchers. People in this age group, along with babies, are especially vulnerable to health risks like heat stroke. The report, published in the medical journal The Lancet, also tracked estimated lost income and food insecurity. Globally, exposure to extreme heat, and resulting losses in productivity or inability to work, may have led to income losses as high as $863 billion in 2022. And, in 2021, an estimated 127 million more people experienced moderate or severe food insecurity linked to heat waves and droughts, compared with 1981-2010.

Persons: “ We’ve, ”, Marina Romanello Organizations: University College London

Last month smashed through the previous October temperature record, from 2019, by a massive margin, the EU's Copernicus Climate Change Service (C3S) said. The record-breaking October means 2023 is now "virtually certain" to be the warmest year recorded, C3S said in a statement. "When we combine our data with the IPCC, then we can say that this is the warmest year for the last 125,000 years," Burgess said. The only other time before October a month breached the temperature record by such a large margin was in September 2023. Michael Mann, a climate scientist at University of Pennsylvania, said: "Most El Nino years are now record-breakers, because the extra global warmth of El Nino adds to the steady ramp of human-caused warming."

Persons: Akhtar Soomro, Samantha Burgess, Copernicus, C3S, Burgess, Michael Mann, El, El Nino, Piers Forster, Kate Abnett, Jan Harvey Organizations: REUTERS, Rights, Union, El, University of Pennsylvania, El Nino, University of Leeds, Thomson Locations: Jacobabad, Pakistan, Rights BRUSSELS, El Nino, Libya, South America

Nov 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Producer and consumer price inflation figures will be released, the highlights of a regional calendar that also includes Japanese bank lending, trade and current account figures, Indonesian retail sales, and Philippines GDP. Global yields are moving too - the 10-year Japanese Government Bond yield is back below 0.85%, having come within two basis points of 1% last week. The decline in U.S. bond yields is removing some of the dollar's shine, which in turn is allowing Asian currencies to fight back. Yen traders on Thursday are also eyeing Japanese bank lending figures for October and September's trade and current account report.

Persons: Jamie McGeever, Pan Gongsheng, Ping, Fed's Powell, Josie Kao Organizations: Treasury, People's Bank of China, Financial, Ping An Insurance Group, Reuters, Nissan, Honda, Sony, Group, China PPI, CPI, Thomson Locations: Asia, Philippines, Beijing, China's, Japan, Philippine, China

The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.

Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York

☆ A Win and a Warning Ahead of COP28
▼ + stars: | 2023-11-07 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

Last year, the annual United Nations climate talks ended with a landmark agreement to compensate poor countries for destruction from climate disasters that have been made worse by emissions from wealthy nations. Almost none of the details behind the so-called loss and damage fund were finalized, including which countries and financial institutions would contribute, and where the money would go. But last weekend, some of the key provisions were hashed out at a meeting in Abu Dhabi. Under the agreement, the fund would launch next year, initially housed at the World Bank, and developing countries would have a seat on its board. Global leaders will be asked to ratify the plan at the United Nations climate talks known as COP28, which start later this month in Dubai.

Organizations: United Nations, World Bank, Global, United Locations: United, Abu Dhabi, United Nations, Dubai

☆ EU fine-tunes plan to launch Galileo satellites on SpaceX
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Falcon 9 rocket lifts off on NASA's SpaceX Crew-7 mission, taking four crew members to the International Space Station (ISS), from the Kennedy Space Center in Cape Canaveral, Florida, U.S., August 26, 2023. REUTERS/Steve Nesius/File Photo Acquire Licensing RightsNov 7 (Reuters) - The European Union has struck a tentative deal to launch four Galileo navigation satellites using Falcon 9 rockets of U.S.-based SpaceX, European officials said on Tuesday, in the latest sign of pressure caused by a gap in European launch capacity. The agreement spans two launches pencilled in for April and July next year, carrying two satellites each, EU Internal Market Commissioner Thierry Breton told reporters in Seville, Spain, following EU ministerial talks on competitivity in space. Breton told a news conference the provisional contract with SpaceX was worth 180 million euros ($191.99 million). The 22-nation European Space Agency, which includes most EU states, last year turned to Elon Musk's SpaceX to launch its Euclid space telescope to survey evidence of dark matter and dark energy in the universe.

Persons: Steve Nesius, Thierry Breton, Breton, Elon, Tim Hepher, Mark Potter, Barbara Lewis Organizations: SpaceX, International Space, Kennedy Space Center, REUTERS, European, Galileo, Internal, U.S, Global, Russian Soyuz, European Space Agency, Thomson Locations: Cape Canaveral , Florida, U.S, Seville, Spain, Italian, Russian, Ukraine, Europe

☆ There's going to be a lot more touchscreen kiosks at Burger King – and you'll probably end up ordering more, too
▼ + stars: | 2023-11-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Burger King execs say the chain is planning to speed up the rollout of digital order kiosks. AdvertisementAdvertisementBurger King will double-down on digital order kiosks, which bosses say are better for both staff and customers – and also lead to bigger orders. Digital kiosks are large touchscreens where diners can order and pay in-restaurant instead of ordering from a staff member at a counter. Kobza said Burger King had started piloting kiosks in more company-owned restaurants with "tremendous results." Burger King posted systemwide sales growth of 10.3% to $7.06 billion in the quarter to September 30 compared with the same period in 2022.

Persons: Burger, execs, —, Josh Kobza, Kobza, Burger King, Patrick Doyle, Grace Dean Organizations: Service, Restaurant Brands, Consumers, North Star Locations: Burger

☆ Five graphics that show some of the biggest threats facing the natural world
▼ + stars: | 2023-11-06 | by ( Flo Cornall | Woojin Lee | ) edition.cnn.com time to read: +5 min

In a series of graphics, we take a look at some of the biggest environmental challenges facing our planet. Global wildlife populations plummeted by 69% on average between 1970 and 2018, according to WWF’s Living Planet Report 2022. Swipe to see more Forest loss Note: These figures do not include regrowth or regeneration of forest. But many are facing threats from pesticides and crop monocultures, as well as the destruction of their habitats. Swipe to see more Bird populations Source: BirdlifeDespite the scale of the challenges, there are countless groups and individuals committed to protecting our planet.

Persons: it’s Organizations: CNN, Resources Institute, Global, UN, University of Sheffield, UN Food and Agriculture Organization, British Trust for Ornithology, Birdlife Locations: California, Hawaii, India

☆ Blinken says progress made on Middle East trip despite few tangible results
▼ + stars: | 2023-11-06 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +7 min

Ankara, Turkey CNN —Secretary of State Antony Blinken on Monday asserted he made progress on the goals he set for a whirlwind Middle East trip as he departed with few tangible results to show for a flurry of meetings with leaders about the Israel-Hamas war. Meanwhile, the civilian death toll in the war-torn Gaza Strip is mounting, and concerns about regional conflagration loom large. There have been no further releases of any hostages held by Hamas since Israel escalated its offensive in Gaza. But we also believe that a pause could help advance that proposition as well,” Blinken said Monday. Throughout the trip, Blinken repeatedly spoke of the need to discuss the “day of” but also the “day after” for the region and Gaza.

Persons: Antony Blinken, Jordan, we’ve, ” Blinken, “, Majed Al, Ansari, –, we’re, Blinken, Benjamin Netanyahu, Joe Biden, Netanyahu “, “ We’ve, Saudi Arabia –, ”, Mahmoud Abbas, Ayman Safadi Organizations: Turkey CNN —, West Bank, Tokyo, CNN, Qatari Ministry of Foreign Affairs, State Department, United Arab, Palestine Liberation Organization, Palestinian Authority, Palestinian, West Bank . Locations: Ankara, Turkey, Israel, Gaza, Iraq, Qatari, Qatar, Washington, Amman, Jordan, Egypt, United Arab Emirates, Saudi Arabia, Jordanian

☆ UK and Europe's borrowing costs slide after central banks hold rates
▼ + stars: | 2023-11-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. The 10-year yield on U.K. government bonds, known as gilts, was 13 basis points lower at 4.366% at 3:20 p.m. in London following the Bank of England announcement at midday. The 2-year yield, a reflection of interest rate expectations, was down 8 basis points at 4.711%. Elsewhere in Europe, bond yields have also been sliding. German 10-year bond yields fell following the Fed decision and were around 5 basis points lower on Thursday, while Italy's 10-year yield was down 9 basis points.

Persons: Henry Nicholls, —, Philip Lane, Jerome Powell's, Steve Englander Organizations: Bank of England, Reuters, Federal Reserve, European Central Bank, ECB, Research, Standard Chartered, Treasury Locations: City, London, Britain, Europe, North America, U.S

☆ Live updates: Israel-Hamas war, crisis in Gaza, Bolivia cuts Israel ties
▼ + stars: | 2023-11-01 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

He accused Israel of attempting to justify what he described as a "heinous crime against safe civilians, children, and women in Jabalya camp." Here's the latest:Strike impact: The Ministry of Interior in Gaza reported that 20 homes "were completely destroyed" in the Jabalya camp. The Ministry of Interior in Gaza reported that 20 homes "were completely destroyed" in the Jabalya camp. Global reaction: A Doctors Without Borders nurse said the group was "horrified" by the Jabalya strike as reaction poured in worldwide. A Doctors Without Borders nurse said the group was "horrified" by the Jabalya strike as reaction poured in worldwide.

Persons: Ibrahim Biari —, Richard Hecht, Hazem Qassem, Israel, Riyad Mansour, Atef, Mohammad al Rann, Antony Blinken, Blinken, Lloyd Austin Organizations: Israel Defense Forces, Observer, UN, of Interior, CNN, State Department, US Locations: Gaza, Israel, Palestine, Bolivia, Chile, Colombia

Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.

Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London

☆ How overseas workers and SMEs are navigating the evolving cross-border payments landscape
▼ + stars: | 2023-11-01 | by ( Sponsor Post | Created Insider Studios With Mastercard | ) www.businessinsider.com time to read: +8 min

Cross-border payments have always faced challenges — and over the past few years, demand has increased significantly. Overseas workers and small businesses face barriers around international payments and remittances. Small businesses rely on cross-border payments for survivalWith consumers facing challenges around remittances, how are business owners faring when it comes to international payments? Marquard echoes findings from the report that traditional banking institutions have been slow off the mark when it comes to international payments. Read more about how overseas workers and SMEs are navigating the ever-changing payments landscape in Mastercard's borderless payments report.

Persons: —, Hal Ramakers, Alan Marquard, Marquard, Ramakers, It's, we've Organizations: Overseas, Mastercard, Asia —, Brightwell, Insider Studios Locations: Americas, Europe, East, Africa, Asia, India, UAE

☆ Instant View: BOJ modifies bond yield control, re-defines long-term rate cap
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +10 min

But it's also likely the BOJ have their finger on the intervention button to cap any runaway rally on USD/JPY." Nevertheless, this is working in a way to increase the volatility of the global rates market. This means it will still have a certain distance until the BOJ exit from the negative rate policy." "A yield cap isn't a yield cap if you change it every time the market gets close." The Bank of Japan could lift the negative policy rate to zero over the coming year.

Persons: Kim Kyung, KYLE RODDA, MATT SIMPSON, JPY, it's, NOMURA, They've, TONY SYCAMORE, normalisation, TAKAYUKI MIYAJIMA, ROB CARNELL, they're, JEFF NG, TOM NASH, OMORI, SHOTARO KUGO, me, IZURU KATO, MARCEL THIELIANT, today's, FREDERIC NEUMANN, CHRISTOPHER WONG, BOJ's, Sherry Jacob, Phillips Organizations: National Printing Bureau, Bank of Japan, REUTERS, Bank of, Nikkei, SAXO, SONY, ING, UBS, CHIEF, DAIWA, OF, HSBC, Global, Thomson Locations: Tokyo, Japan, Bank of Japan, MELBOURNE, BRISBANE, SINGAPORE, TOKYO, U.S, SYDNEY, ASIA, PACIFIC, CHIEF JAPAN, stagflation, OF ASIA, YCC, HONG KONG

☆ Stocks making the biggest moves premarket: JetBlue, Pinterest, Chewy, Caterpillar and more
▼ + stars: | 2023-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

This was higher than the $1.58 in earnings per share on $1.48 billion in revenue that analysts surveyed by FactSet had been expecting. Chewy — The pet food seller added 4% in premarket trading after Morgan Stanley upgraded the stock to overweight from equal weight. Chegg's third-quarter earnings came in at 18 cents per share, excluding items, higher than the 17 cents per share expected by analysts polled by LSEG. BP — Shares of the oil company slid 4% after the company missed analysts' estimates for its third-quarter earnings . XPO — The freight transportation company added 1.7% after announcing stronger-than-expected third-quarter earnings.

Persons: FactSet, Pinterest, Chewy, Morgan Stanley, Lauren Schenk, Caterpillar, LSEG, Tesla, XPO, Jefferies, AutoNation, Rajat Gupta, Wells, Ferguson, MoffettNathanson, Alex Harring, Jesse Pound, Samantha Subin Organizations: Arista Networks, Arista, Revenue, Global, Anheuser, Busch, LSEG, Caterpillar — Investors, JetBlue, BP —, BP, JPMorgan, Bank of America Locations: U.S, Wells Fargo

☆ Pinterest surges after earnings. Why Jim Cramer sees the stock as a long-term winner
▼ + stars: | 2023-10-31 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Tuesday he believes in Pinterest 's (PINS) reinvention plan, pointing to the social media platform's strong third-quarter earnings report as evidence. "This is now going to be – along with [Instagram parent] Meta – a destination for you to advertise at," Cramer said. Pinterest's recent ad partnership with Amazon (AMZN) — which also is owned by Cramer's Trust — is "very smart," Cramer said. On Pinterest's earnings call Monday, Ready said the company is pleased with the Amazon partnership, which was announced in late April. He reiterated that Pinterest expects the "most meaningful" revenue impact to show up starting in early 2024.

Persons: CNBC's Jim Cramer, Pinterest, Bill Ready, Cramer, Jim Cramer's, Ready Organizations: Meta, Trust, CNBC, Club, Facebook, Amazon, Cramer's Trust

☆ Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more
▼ + stars: | 2023-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. McDonald's — Shares gained 2.3% after the company beat both top and bottom lines for the third quarter. Western Digital — Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter. Invitation Homes — The home leasing company rose nearly 1% following an upgrade to outperform by Oppenheimer. Saia — The transportation stock rose 3.4% on the back of an upgrade to outperform from peer perform by Wolfe Research.

Persons: SoFi, originations, McDonald's, Stellantis, LSEG, Revvity, FactSet, Oppenheimer, L3Harris, Raymond James, Eastman, AbbVie, Tesla, Bernstein, TD Cowen, —, Femsa, Saia, Jesse Pound, Samantha Subin, Pia Singh, Hakyung Kim, Justin Sullivan Organizations: General Motors, GM, CNBC, Ford, Spirit Realty Capital, Realty, Western Digital, Semiconductor, FactSet, Eastman Chemical —, JPMorgan, Barclays, Citi, Wolfe Research, SoFi Technologies Locations: U.S, San Francisco , California

☆ Morgan Stanley’s James Gorman Picked a Good Time to Leave
▼ + stars: | 2023-10-28 | by ( Telis Demos | ) www.wsj.com time to read: +1 min

James Gorman has spent nearly 14 years as Morgan Stanley CEO. Photo: Michael Bucher/The Wall Street JournalJames Gorman guided Morgan Stanley through years of superlow interest rates and booming stock markets. His successor, Ted Pick , might have to come up with some new ideas for a new era. Gorman, who will step down at the end of the year after almost 14 years as chief executive, bet big on wealth and asset management by absorbing all of Smith Barney and later buying E*Trade and Eaton Vance. And by valuation, Morgan Stanley has often been the leader of the pack, generally trading at a higher price-to-book ratio than even JPMorgan since the start of last year.

Persons: James Gorman, Morgan Stanley, Michael Bucher, Ted Pick, Gorman, Smith Barney, Eaton Vance, JPMorgan Chase Organizations: JPMorgan, JPMorgan Chase ’

Search resuls for: ". Global"

25 mentions found