[ad_1] New York CNN — 2022 marked a return to the basics for many of America’s largest food companies. That left some fan favorites in the garbage heap of history. McDonald’s gave us a gut punch when it announced the end of the McRib, the Choco Taco is being sent …
Read More »Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
[ad_1] CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’t want to finger-point at the retailers who’re most likely to be thrown into bankruptcy when the holidays are over, but I do …
Read More »PepsiCo plans to cut hundreds of jobs, report says
[ad_1] Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The layoffs will affect employees of its food and beverage businesses in Chicago; Plano, Texas …
Read More »Michael Rubin’s Fanatics hires its first chief people officer
[ad_1] Orlando Ashford has been appointed chief people officer of Michael Rubin’s sports business platform Fanatics. Source: Fanatics Orlando Ashford, known for holding senior level HR roles at Fortune 500 companies like Marsh & McLennan, Coca-Cola and Motorola, is joining Fanatics in a newly created role as companywide chief people …
Read More »Whispers of improvement may slow recession's drumbeat
[ad_1] A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers companies like Coca-Cola, Mattel, GM, Hilton, American Express offers a fuller picture of what’s going on in this country than we’ve had in the past. [ad_2] Source link
Read More »Stocks mixed. Earnings have been mostly good. Just avoid tech
[ad_1] New York CNN Business — Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn. The spread between super short-term 3-month Treasury yields and the benchmark 10-year yield briefly inverted Tuesday. That means that yields for shorter-term bonds …
Read More »Coca-Cola (KO) Q3 2022 earnings
[ad_1] Coca-Cola on Tuesday raised its full-year outlook, predicting that its two-pronged strategy of hiking prices and offering more affordable options will keep driving sales growth. Inflation is expected to keep raising Coke’s expenses in 2023, and executives signalled that more price hikes could be on the way over the …
Read More »Amazon, Apple, Alphabet report as season heats up
[ad_1] CNBC’s Jim Cramer on Friday told investors that stocks will likely continue to do well as long as the economy holds up. “Many companies have battened down the hatches, so to speak, and prepped for a recession. So if we don’t get a severe slowdown, they will indeed keep …
Read More »Jim Cramer makes the bull case for consumer goods stocks
[ad_1] CNBC’s Jim Cramer on Wednesday told investors to consider adding shares of well-established consumer packaged-goods companies to their portfolios. “Nobody’s championing what actually works: these old-line consumer packaged-goods names that we all know,” he said. Cramer highlighted three companies’ most recent quarterly results as examples of why investors should …
Read More »Recession or not, alcohol stocks have shown resilience in tough times
[ad_1] With the economic picture growing gloomier by the day, investors may be looking for sectors that have historically proven to be resilient during a recession. “Alcohol has the tendency to survive the times,” said Mark Neuman, chief investment officer and founder of Constrained Capital. His ESG Orphans exchange-traded fund, …
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