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☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

☆ Jobs and earnings are major themes next week as we consider more portfolio moves
▼ + stars: | 2023-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.

Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S

☆ Expand the 'Magnificent 7' to include Warren Buffett's Berkshire Hathaway, investment chief says
▼ + stars: | 2023-10-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett's Berkshire Hathaway should be part of a "Magnificent Eight," Jim Worden says. AdvertisementAdvertisementThe "Magnificent Seven" should be expanded to include Warren Buffett's Berkshire Hathaway, one investment chief says. Berkshire commands a larger market capitalization than Tesla or Meta, but it's not counted as a member of the Magnificent Seven because it's not a fast-growing technology company. Including it would provide significant diversification to the group of high-flying stocks, Worden said. It also holds roughly $350 billion worth of stocks, including multibillion-dollar stakes in Apple, Bank of America, Chevron, Coca-Cola, and Kraft Heinz.

Persons: Warren, Berkshire Hathaway, Jim Worden, —, Warren Buffett's Berkshire Hathaway, I'm, it's, Worden, Kraft Heinz, Buffett, Charlie Munger, Munger Organizations: Service, Apple, Microsoft, Nvidia, Wealth Consulting, Berkshire, Bank of America, Fed Locations: Chevron, Berkshire, Treasuries

☆ Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz are worth
▼ + stars: | 2023-10-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg's Meta has recorded nearly $50 billion of metaverse losses in under five years. "We expect our RL operating losses to increase meaningfully in 2024," they noted in Meta's third-quarter earnings. Meta's metaverse losses to date exceed the market capitalization of Ford ($45 billion), Keurig Dr. Pepper ($41 billion), Hershey ($39 billion), Kraft Heinz ($39 billion), and many other large companies. They could soon overtake Lululemon ($49 billion), Chipotle ($50 billion), Target ($51 billion), and Monster Beverage ($52 billion) in size. They would also be worth nearly half as much as Zuckerberg ($105 billion).

Persons: Mark Zuckerberg's Meta, Kraft Heinz, Nike's Phil Knight, Nvidia's Jensen Huang, Ken Griffin, —, Zuckerberg's Meta, Zuckerberg, Dr, Pepper, Phil Knight, Jensen Huang, Taylor Organizations: Ford, Hershey, Service, Reality Labs, Lululemon, Monster Beverage, Bloomberg, Nike, Nvidia, Citadel, Meta, NBA Locations: Meta's

☆ New-look Unilever retains its old-style opacity
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Back in 2017 Unilever fought off a Kraft Heinz (KHC.O) takeover approach by pledging a 20% operating margin; now there just isn’t a target. But it leaves a question mark over Unilever’s long-term direction. And it might leave long-term critics like fund manager Terry Smith still griping about opacity. In January Smith complained that Unilever had revealed the price tag on only three of 27 acquisitions in its Beauty and Wellbeing division over eight years.

Persons: Dado Ruvic, Hein Schumacher’s, Kraft Heinz, Alan Jope, Terry Smith, Smith, Schumacher, George Hay, Peter Thal Larsen, Oliver Taslic Organizations: Unilever, REUTERS, Reuters, Kraft, X, Thomson

☆ 'They crushed it.' Analysts cheer Netflix's strong third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Netflix 's better-than-expected quarterly earnings has analysts cheering the company's new subscriber growth initiatives, keeping them optimistic on the stock's growth potential. Yoon increased his price target to $390 from $375, implying 12.6% upside potential from Wednesday's close. Shares already rallied more than 13% Thursday during premarket trading, surpassing his price target. Anmuth raised his price target to $480 from $455, implying shares could jump 38.6% from Wednesday's close. UBS, Citi and Evercore all reiterated their price targets of $500 on shares, while Bank of America kept its $525 target price.

Persons: Bernstein, Laurent Yoon, Yoon, Goldman Sachs, Eric Sheridan, Doug Anmuth, Anmuth, Brian Kraft, Kraft, John Hodulik, Hodulik, Jessica Reif Ehrlich, Mark Mahaney, Mahaney, –, Michael Bloom Organizations: Netflix, ARM, JPMorgan, Deutsche, Bloomberg, UBS, Citi, Bank of America, of America, Global, Revenue Locations: U.S, Wednesday's

☆ Warren Buffett's Berkshire Hathaway has likely scored a 93% gain on Nubank stock this year, making the crypto-friendly bank its best performer
▼ + stars: | 2023-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway's best-performing stock this year is likely Nubank-owner Nu Holdings, up 93%. Apple stock is up this year, but other key Berkshire bets like Coca-Cola and Kraft Heinz are down. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway has notched a 93% gain on Nu Holdings since the start of January, likely making the Nubank owner the best performer in Berkshire's stock portfolio this year. Nubank shares have slid 13% from their IPO price fo $9 to trade at $7.84 as of Wednesday's close. Munger has hailed Sequoia as perhaps the "most remarkable investment firm in America" with "the best investment record of anybody."

Persons: Berkshire Hathaway's, Warren Buffett's, Kraft Heinz, —, Warren, Berkshire Hathaway, Berkshire hasn't, Buffett, Charlie Munger, Todd Combs, Ted Weschler, David Vélez, Munger, Sequoia Organizations: Berkshire, Nu Holdings, Apple, Kraft, Service, Bank of America, Sequoia Capital, Sequoia Locations: Berkshire, America, Sequoia

☆ It's horrible to me that a group like Hamas can be respected, says Robert Kraft
▼ + stars: | 2023-10-10 | 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 EmailIt's horrible to me that a group like Hamas can be respected, says Robert KraftRobert Kraft, The Kraft Group chairman & CEO and chairman and CEO of the Patriots, joins 'Squawk Box' to discuss the attack on Israel, efforts to combat antisemitism through his foundation, the rise of hate and divisiveness in the country, and more.

Persons: Robert Kraft Robert Kraft Organizations: The Kraft Group, Patriots Locations: Israel

☆ The bad math behind Harvard's refusal to do away with legacy admissions
▼ + stars: | 2023-10-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +14 min

By clinging to legacy admissions, colleges are not only undermining claims of advancing equality but may be shooting themselves in the financial foot. 'A weak and sad excuse'The legacy preference has always been a dance of public intentions and private subtext. While the rationales for preserving legacy admissions have evolved, the propensity to obfuscate them hasn't. Harvard's massive $50 billion endowment makes it pretty clear: the school doesn't need to keep legacy admissions anymore. When Wesleyan announced it was dropping legacy admissions Roth was adamant that it was the right move.

Persons: James Murphy, —, Richard Kahlenberg, Christopher Eisgruber, Ethan Poskanzer, Radcliffe, gosh, James Hankins, Murphy, Brooks Kraft, Amherst, Biddy Martin, Gabrielle Starr, Michael Roth, Wesleyan alums, Brown, MIT's Emilio Castilla, Kahlenberg, Harvard, Roth Organizations: US Supreme, Harvard, Department of Education, Georgetown University, Princeton University's, Washington Post, University of Colorado, Wall, Princeton, Getty, MIT, University of Texas, The Century Foundation, Pomona College, CNN, Research, Council, Advancement, Wesleyan College, Wesleyan, Ivy League, Stanford, Duke, University of Chicago, Poskanzer, University of North, Carnegie Mellon, Occidental College Locations: Boulder, University of North Carolina, America

☆ Lexi Thompson to be seventh woman to compete at PGA Tour event with Shriners Children’s Open exemption
▼ + stars: | 2023-10-05 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Lexi Thompson will make history when she tees off at the Shriners Children’s Open next week, becoming just the seventh woman ever to compete in a PGA Tour event. An 11-time winner on the LPGA Tour, the American received an unrestricted sponsor exemption to make the 132-player field competing for a $8.4 million prize purse at TPC Summerlin in Las Vegas from October 12. The appearance sees the 28-year-old joins Babe Didrikson Zaharias, Shirley Spork, Annika Sörenstam, Suzey Whaley, Michelle Wie West and Brittany Lincicome as the only women to ever compete at a PGA Tour event. “I was inspired when they did it,” Thompson told the PGA Tour. She has one major title to her name, having won the Kraft Nabisco Championship (now the Chevron Championship) in 2014.

Persons: Lexi Thompson, Didrikson Zaharias, Shirley Spork, Annika Sörenstam, Suzey Whaley, Michelle Wie West, Brittany Lincicome, Michael Owens, Thompson, Lincicome, “, ” Thompson, agonizingly, Stuart Franklin, Kim “ Tom ” Joo Organizations: CNN, Shriners, LPGA, American, Phoenix, Tucson, TPC, PGA, US Solheim, Arkansas, Kraft Nabisco, Chevron, Team USA, Solheim, Getty, Shriners Children’s, Shriners Children, South Locations: Las Vegas, Kentucky, Spain, Europe

☆ Bank of America's top stock ideas for the 4th quarter
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Here's what stocks Bank of America is watching for the quarter ahead. Here's what stocks Bank of America is watching for the quarter ahead. Stock Chart Icon Stock chart icon Boeing stock. Stock Chart Icon Stock chart icon CSX Corp stock. Stock Chart Icon Stock chart icon Kraft Heinz stock has declined more than 17% so far in 2023.

Persons: Ronald Epstein, Dave Calhoun, Joseph Hinrichs, Ken Hoexter, Kraft Heinz, Carlos Abrams, Rivera, Bryan Spillane, — CNBC's Michael Bloom, Eduardo Munoz Organizations: of America, Nasdaq, Dow Jones, Bank of America, BofA Securities, Aerospace, Boeing, CSX, Bank of America's, CSX Corp, 3Q, North, Kraft, View, Getty Images Bank of America, Bank of, Bank of America Securities Aerospace behemoth Boeing Locations: U.S, New York

The meeting was scheduled for hours after Zelenskiy addressed the United Nations Security Council about Russia's invasion and its consequences. Ukraine has tried to lock in financial support from business leaders to help rebuild the country. A spokesperson for Zelenskiy and Ukraine's mission to the United Nations in New York did not immediately respond to a request for comment. Since the start of the war, Ackman's foundation has donated roughly $24 million to support Ukraine, a person familiar with the numbers said. Before the meeting in New York, the White House appealed to Congress to approve billions of additional dollars of support for Ukraine.

Persons: Ken Griffin, Mike Blake, Volodymyr Zelenskiy, Zelenskiy, JPMorgan Chase, Bill Ackman, Jonathan Gray, Robert Kraft, Henry Kissinger, Eric Schmidt, Mike Bloomberg, Barry Sternlicht, Mary Callahan Erdoes, Vince LaPadula, Whitney Tilson, Griffin, Howard Buffett, Warren, Svea Herbst, Bayliss, Lananh Nguyen, Andrea Shalal, Michelle Nichols, Megan Davies, Grant McCool Organizations: Citadel, Milken, Global Conference, REUTERS, United Nations Security Council, JPMorgan, Blackstone Group, New England Patriots football team, United, State, Google, United Nations, Griffin's Citadel, Ackman's Pershing, Capital Management, Ukraine, Fox News, Svea, Thomson Locations: Beverly Hills , California, U.S, New York, Ukraine, United States

☆ Insider Today: Side hustles' turning point
▼ + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.

Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, —, Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, —, Europe, Americas, Olive, New York City, San Diego, London

Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the one-of-a-kind wiener on wheels is reverting to the original. Oscar Mayer announced Wednesday on Instagram that the Frankmobile is toast. The name change announced by The Kraft Heinz Company in May was meant to pay homage to the brand's 100% beef franks and their new recipe. Those who drive the Wienermobile around to promotional events are known as Hotdoggers. Perhaps the most famous Hotdogger is former U.S. House Speaker Paul Ryan, who drove the Wienermobile one summer while in college.

Persons: Oscar Mayer, franks, ” Oscar Mayer, Paul Ryan Organizations: The Kraft Heinz Company, U.S . House Locations: MADISON, Wis, Instagram, Wisconsin, Madison, Chicago, U.S

☆ Kraft Singles' hard-to-remove wrappers were the number one complaint for customers. Now, the wrapper is causing a recall.
▼ + stars: | 2023-09-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Kraft Heinz is recalling some Kraft Singles due to faulty plastic packaging. Kraft Heinz issued a recall for Kraft Singles on Tuesday, according to a press release from the company. AdvertisementAdvertisementThe recall comes a few months after Kraft Heinz rebranded its cheese slices. Kraft Heinz makes a variety of food products, from Capri-Sun juice pouches to Heinz ketchup. It was created by a merger in 2015 between Kraft and Heinz shepherded by private equity owner 3G Capital.

Persons: Kraft Heinz, Heinz, Heinz shepherded Organizations: Kraft, Service, CNN, 3G Capital, Employees Locations: Wall, Silicon, Capri

☆ Kraft recalls 83,000 cases of American cheese because of a choking hazard
▼ + stars: | 2023-09-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Kraft Heinz is recalling about 83,000 cases of its individually wrapped Kraft Singles American cheese because they might pose a choking hazard. “Kraft Heinz is committed to upholding the highest safety and quality standards and apologizes for this inconvenience,” the company said. They can also call Kraft Heinz at 1-800-280-8252 to get their money back. Earlier this year, Kraft announced that it was changing the packaging on its individually wrapped cheese to make them easier to open. 1 complaint from customers, which has been the “inability to easily open the clear wrapper,” Kraft said.

Persons: New York CNN — Kraft Heinz, ” Kraft, “, “ Kraft Heinz, Kraft Heinz, Kraft Organizations: New, New York CNN, Kraft, “ Kraft, UPC Locations: New York

☆ Cybersecurity startup Legit Security just raised $40 million in a Series B round led by CRV with this 12-slide pitch deck
▼ + stars: | 2023-09-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cybersecurity startup Legit Security has raised $40 million in a round led by Airtable and DoorDash-backer CRV. The Palo Alto-based company has developed a platform that enables companies to spot vulnerabilities in their software supply chain. The startup provides companies with visibility over the delivery of software applications from initial code onwards. The $40 million Series B was led by CRV with participation from existing investors Cyberstarts, Bessemer Venture Partners, and TCV. Legit said developers were increasingly using AI-generated code but that they also introduced a "rapidly expanding class of new security threats."

Persons: Airtable, CRV, Kraft Heinz, Roni Fuchs, " Fuchs, Fuchs Organizations: Google, New York Stock Exchange, Fortune, CRV, Bessemer Venture Partners

☆ Israeli cyber firm Legit Security raises $40 million in private funding
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Sept 20 (Reuters) - Israeli cybersecurity firm Legit Security said on Wednesday it raised $40 million in a private funding round led by venture capital fund CRV. Since its founding in September 2020, Legit has raised a total of $77 million. It noted that its customer base includes brands such as Google, the NYSE, Kraft Heinz and Takeda Pharmaceuticals. On Tuesday, Israeli cyber firm Cato Networks said it raised $238 million in a late stage funding round, valuing the company at $3 billion. Israel has emerged as a global leader in cyber security in recent years.

Persons: TCV, Kraft Heinz, Takeda, Steven Scheer Organizations: Bessemer Venture Partners, Google, NYSE, Kraft, Takeda Pharmaceuticals, Cato Networks, Thomson Locations: CRV, Israel

☆ Kraft recalls 84,000 cases of American cheese slices over choking hazard
▼ + stars: | 2023-09-20 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Packages of Kraft Foods' Singles cheese slices are displayed at a supermarket in New York. Kraft Heinz recalled nearly 84,000 cases of Kraft Singles cheese slices on Tuesday after multiple customers reported a choking hazard. After it received the complaints, Kraft Heinz discovered a manufacturing error in a wrapping machine used to enclose the cheese slices in the plastic. The issue in some cases caused a thin strip of plastic film to remain even after customers took off the packaging, Kraft Heinz said. Kraft Heinz urged all customers with affected products not to eat them and to return the cheese slices to the store where they purchased them.

Persons: Kraft Heinz, Joe's Organizations: Kraft Foods, Kraft Locations: New York, Jan

☆ Zelensky huddled with Wall Street CEOs and business leaders Wednesday night to discuss rebuilding Ukraine
▼ + stars: | 2023-09-20 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —Ukrainian President Volodymyr Zelensky met Wednesday evening in Manhattan with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter tells CNN. Ukrainian President Volodymyr Zelensky met Wednesday evening with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter told CNN. Zelensky is scheduled to visit the White House on Thursday for a meeting with US President Joe Biden. The meeting on Thursday evening was hosted by Mary Callahan Erdoes, CEO of JPMorgan Asset & Wealth Management, Workplace CEO Vince LaPadula and JPMorgan alternative investments boss Anton Pil. JPMorgan CEO Jamie Dimon was not present at the meeting as he was traveling, the source said.

Persons: Volodymyr Zelensky, JPMorgan Chase, Eric Schmidt, Mike Bloomberg, Robert Kraft, Bill Ackman, Henry Kissinger, Barry Sternlicht, Joe Biden, it’s, Mary Callahan Erdoes, Vince LaPadula, Anton Pil, Jamie Dimon Organizations: CNN, Wall Street, JPMorgan, New England Patriots, White, Fox Business, JPMorgan Asset, Wealth Management Locations: Manhattan, midtown Manhattan, Ukraine, Kyiv

New anti-obesity drugs have the potential to transform public health, while obliterating demand for products and services from the medical, food and fitness industries. Drugs developed by Novo Nordisk (NOVOb.CO) and Eli Lilly (LLY.N) appear to be the first truly effective diet treatments. In one clinical trial, patients taking Eli Lilly’s soon-to-be-launched weight-loss drug lost about 50 pounds (23 kg). Only about a third of those who started taking the drugs for obesity were still doing so a year later, according to one analysis. Yet even as Novo, Lilly and others see their addressable markets expand, some companies will see theirs shrink.

Persons: Lilly, George Frey, Eli Lilly, Eli Lilly’s, Novo, Wegovy, Kraft Heinz, Burger, LSEG, Michael Farrell, Zimmer Biomet, Smith, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Novo Nordisk, Pharmacy, REUTERS, Reuters, TAM, Drugs, Alpha, Reuters Graphics Reuters, Cadbury, Mondelez, Fortune Business, Burger King, KFC, Yum Brands, Centers for Disease Control, Milken Institute, BMJ, Novo, Inspire Medical Systems, Novo Nordisk’s, WW International, Fashion, Thomson Locations: Provo , Utah, U.S, New, United States, Lilly, England

Kraft Heinz said Tuesday it's recalling more than 83,000 cases of individually-wrapped Kraft Singles American processed cheese slices because part of the wrapper could stick to the slice and become a choking hazard. Kraft Heinz said it initiated the voluntary recall after it received several consumer complaints. In six cases, people said the issue caused gagging or choking, but no injuries or serious health issues have been reported, Kraft Heinz said. The recall affects 16-ounce Kraft Singles American Pasteurized Prepared Cheese Product with a “Best When Used By” date between Jan. 10, 2024, and Jan. 27, 2024. Consumers who bought those products should not consume them and should return them to the store where they were purchased for an exchange or a refund, Kraft Heinz said.

Persons: Kraft Heinz, it's Organizations: Kraft, Consumers Locations: Chicago, Pittsburgh

☆ Insider Today: Your knockoff's hidden cost
▼ + stars: | 2023-09-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Tech: What could become of VMware employees when Broadcom's acquisition closes. What could become of VMware employees when Broadcom's acquisition closes. AdvertisementAdvertisementSo, instead of visiting the company's website, you head to one of the many e-commerce sites offering knockoffs. 3 things in techRaghu Raghuram VMwareLeaked email: The fate of VMware employees as Broadcom acquisition closes. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Sen, Mitt Romney, Chelsea Jia Feng, Insider's Jennifer Ortakales Dawkins, Counterfeits, Birkin, Dow Jones, Michael M, Ray Dalio, Raghu, —, chatbot, Brooks Kraft, Vivek, crowdfunding, Joe Raedle, JW Anderson, Molly Goddard, Julia Pugachevsky, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, VMware, Yorkers, Bridgewater Associates, Broadcom, Apple, Brooks Kraft LLC, Burberry, Riot Fest Chicago, Foo Fighters, Postal Service, Cutie, Happy National Hispanic, Costa Rica Blue Locations: Wall, Silicon, New York, Queens, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Spain, New York City, San Diego, London

He was tied for 20th, chasing Lucas Herbert, the leader after a 6-under 63. Herbert had 10 birdies — seven over his final nine holes — to overcome an early bogey. 59 in the world, needed a big spark after entering the FedEx Fall 152nd in points. The 63 wass two shots shy of the tournament course record of 61 shared by seven players, most recently Ricky Barnes in 2018. “Just one bad swing that led to a double and then a bad wedge shot that was quite frustrating,” Homa said.

Persons: — Justin Thomas scuffled, Thomas, Lucas Herbert, ”, “, Herbert, Kim, Kelly Kraft, Jason Dufner, Harry Hall, Sung Kang, Zac Blair, Mark Hubbard, Max Homa, Zach Johnson, Stewart Cink, ” Herbert, Herbert parred, Ricky Barnes, Barnes, Homa, Steve Stricker, ” Homa Organizations: Ryder, Wyndham, FedEx, John Deere Locations: NAPA, Calif, Greensboro , North Carolina, wasn’t, Northern, America, Australia, Maine

☆ Unpacking the Impact of a Brown Paper Bag
▼ + stars: | 2023-09-14 | by ( Hilary Reid | ) www.nytimes.com time to read: +1 min

It has been rendered in chrome-plated resin as part of a sculpture of Andy Warhol by the artist Rob Pruitt. It is a shopping bag — the Big Brown Bag, from the department store Bloomingdale’s — which turns 50 this month. To celebrate, Bloomingdale’s has introduced the Big Brown Bazaar at its flagship store on 59th Street in Manhattan, which is filled with new merchandise inspired by the shopping bag, including a Big Brown pickleball paddle ($98), a Big Brown journal ($19.95) and a Polo Ralph Lauren sweatshirt ($188) that features a bear holding a Big Brown Bag. A commemorative version of the bag, with a golden “50” and rope handles, will also be offered to store customers through October. Introduced in 1973, the Big Brown Bag debuted amid a rebranding at Bloomingdale’s that began a year earlier under Marvin Traub, then the department store’s chief executive, as it celebrated a century in business.

Persons: ”, Andy Warhol, Rob Pruitt, Bloomingdale’s, Ralph Lauren sweatshirt, Brown, Marvin Traub Locations: Limoges, Manhattan

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