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Business

“Nestle plans price hikes after inflation eats into profits”

“The world’s biggest food group Nestle will raise prices further this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to full-year net profit missing analyst expectations…. The maker of Nescafe instant coffee and KitKat chocolate… Continue Reading…

Stocks

“Current stock market rally ‘likely to mark the high point’ for 2023: JPMorgan”

“…The strong rally across the major indices so far this year has surprised many market watchers, especially given that the Federal Reserve is hot off another interest rate hike as it continues to try and combat nagging inflation. Several Fed… Continue Reading…

Business, Economy

“British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips”

“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon… Pragmatic Semiconductor, a Cambridge, England-based startup… Continue Reading…

Business

“Twilio to lay off about 1,500 employees, or 17% of its workforce”

“Twilio on Monday announced plans to cut around 17% of its workforce, or roughly 1,500 jobs based on the 8,992 employees reported as of Sept. 30, 2022, in a company filing with the Securities and Exchange Commission. Twilio announced the… Continue Reading…

Economy

“The hidden price of eggs: How high costs may trickle into other foods”

“Consumers are paying record prices for eggs. Beyond the sticker price for a dozen eggs, there’s also a hidden expense to the soaring costs. Elevated egg prices are trickling into food items across the grocery store — namely those in… Continue Reading…

Stocks

“Lyft stock is getting punished, down more than 35% after weak guidance”

“Shares of Lyft fell more than 35% when markets opened on Friday, a day after the company reported guidance for its first quarter of 2023 that fell short of analyst expectations. The company expects to make about $975 million in… Continue Reading…

Stocks

“15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis”

“..Here’s an expanded list of 20 companies that met the screening criteria, with at least 2% headroom above the dividends based on estimates for 2023 and 2024: Company Ticker Dividend Yield Estimated 2023 FCF yield Estimated 2024 FCF yield Estimated… Continue Reading…

Business

“How small businesses are fighting inflated credit card swipe fees”

“…“We have a nice little sign in front of our register that says ‘Hey, credit card fees, they cost us a lot of money,’” Victor Garcia, longtime owner of Sol Dias, told CNBC. “Last year they cost us $25,000. This… Continue Reading…

Personal Finance

“35% of millionaires say retirement is ‘going to take a miracle,’ report finds”

“…Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment… Continue Reading…

Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…