Author: News Room
For the past month TikTok users have been commenting on Nutter Butter’s account. “You good?” asked one. “Nutter Butter are you paying for my therapy or?” asked another. Some users have posted complete video responses trying to understand what was going on, tagging their posts “#weird.” The posts from the 55-year-old cookie company are part of a social media strategy that’s been anything but cookie cutter. Instead, the brand has sought to stand out in a crowded market with the kinds of head-scratching posts many of its competitors would find anathema. Weird, in other words – and it’s gone viral.…
Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported early, and it was solid per usual. We had CEO Larry Fink on CNBC’s “Squawk on the Street.” It took me about 8 minutes to get up to speed, given that BlackRock is an asset management story. And, the assets? They aren’t dripping in. They…
The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and other major financial firms, which reinforced the idea of a healthy U.S. economy. The index posted its fifth positive week in a row, advancing 1.1%. Meanwhile, the Dow Jones Industrial Average rose 1.2% in the week and also closed Friday at an all-time high. The tech-heavy Nasdaq Composite gained 1.1% and now sits just 1.6% below its July…
This year’s hurricane season brought a stark reminder that nobody is safe from the traumatic impacts of severe weather. Hurricane Helene brought devastating once-in -1000 years flooding to part of Appalachia considered relatively safe from those effects. In fact, Asheville, NC, was called a “climate haven” before the hurricane. Hurricane Milton quickly followed, wreaking havoc across Florida with heavy rains and high winds, making 2024 only the sixth year since 1960 with at least two Category 5 hurricanes in a single season. Millions of people suffer from these natural disasters. People in different population groups suffer more or less from…
As a high school marching band played a rendition of Neil Diamond’s “Sweet Caroline,” Minnesota Gov. Tim Walz walked down the 50-yard line at Friday’s crosstown rivalry football game between Mankato East High School and Mankato West High School. Walz, accompanying the latter team’s captains, received an introduction that would work equally well at a campaign rally. “Joining them for the coin toss,” said the announcer at Minnesota State University-Mankato’s Blakeslee Stadium, “former Mankato West defensive coordinator, decadelong geography teacher, Minnesota Gov. Tim Walz.” The crowd reacted with mild applause, mostly from Mankato West supporters. After the coin toss, Walz took a seat on the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israeli strikes have killed more than 150 Palestinians in an operation focusing on the Jabalia refugee camp this week, with thousands more trapped in the ruins of the settlement in northern Gaza after a year of war with Hamas. The camp has been the scene of several pitched battles between Israeli forces and Hamas, as the militant group attempts to regroup in areas from which the Israel Defense Forces had retreated.This week’s offensive started with the encirclement of Jabalia, leaving a single…
This article was written byFollowJuan de la Hoz has worked as a fixed income trader, financial analyst, operations analyst, and as an economics professor. He has experience analyzing, trading, and negotiating fixed-income securities, including bonds, money markets, and interbank trade financing, across markets and currencies. He focuses on dividend, bond, and income funds, with a strong focus on ETFs. Juan is a contributor to the investing group CEF/ETF Income Laboratory which is led by Stanford Chemist. Features of the service include: managed income portfolios (targeting safe and reliable ~8% yields) making use of high-yield opportunities in the CEF and ETF…
From cowboy boots to fried chicken-scented charms, foam footwear maker Crocs has a reputation for quirk. This month, Crocs is putting its best paw forward: The quirky-but-comfortable footwear maker is releasing a line of clogs for dogs. Pet Clogs are part of a partnership with pet supply company and subscription service BARK as part of Crocs’ annual “Croctober” campaign, when it releases a fan-inspired product. Companies often release promotional or limited-time items to boost recognition of their brand. Special flavors of sodas or candies, partnerships with influencers or other brands, even items that aren’t meant to be taken seriously can…
What lengths would you go to for your dream house? Would you move to another country? How about remodeling the interior of a space that was never meant to be a home at all?For the Americans who invited CNBC Make It into their homes for an Unlocked tour, thinking outside the box helped them turn unexpected spaces like abandoned lighthouses, old baseball stadiums and decrepit Italian properties into the homes of their dreams.Take a look inside some of the most unique homes we’ve toured and learn how they came to be.An abandoned baseball stadium is now a $14 million luxury…
Todd Graves’ high-risk funding strategy for Raising Cane’s Chicken Fingers was a bold gamble that almost cost him his dream.Today, the co-CEO and founder of Raising Cane’s is worth an estimated $9.5 billion, according to Forbes, thanks to his over 90% ownership stake in the company. But getting there was no easy feat. He had to work 90-hour weeks in an oil refinery and fish for salmon in Alaska just to raise enough capital to open the restaurant’s first location.When he was growing the chain, Graves said he took out loans with private investors at a 15% interest rate. He…
