There's growing concern about how inflation and high interest rates are impacting consumers' wallets. General Mills North America Retail (GIS) President Jon Nudi joins Yahoo Finance Live to discuss consumer trends and how General Mills is rising to the challenge. Nudi says that during the pandemic, “when consumers were at home more, that was good for our businesses.” Nudi states that various “moving pieces” are impacting sales for various food and beverage companies. With inflation still a concern, Nudi notes that many consumers are exhibiting “value seeking behavior” to get more at a lower cost. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
There's growing concern about how inflation and high interest rates are impacting consumers' wallets. General Mills North America Retail (GIS) President Jon Nudi joins Yahoo Finance Live to discuss consumer trends and how General Mills is rising to the challenge. Nudi says that during the pandemic, “when consumers were at home more, that was good for our businesses.” Nudi states that various “moving pieces” are impacting sales for various food and beverage companies. With inflation still a concern, Nudi notes that many consumers are exhibiting “value seeking behavior” to get more at a lower cost.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Reuters
Asian financial markets brace for Chinese GDP figures on Wednesday, the key number in a batch of Chinese indicators to be released as investors also try to navigate a heavy flow of global economic, market and geopolitical cross currents. Wall Street closed flat to slightly lower on Tuesday, after forecast-busting U.S. retail sales data stoked expectations for another Fed rate hike by year-end and pushed Treasury bond yields sharply higher. This was set against some upbeat Q3 results from Wall Street giants like Bank of America, although chipmakers fell after the U.S. government said it planned to halt shipments of advanced artificial intelligence chips to China.
The Wall Street Journal
Shares of Nvidia and other semiconductor stocks dropped Tuesday after the U.S. said it would would [significantly constrict exports](https://www.wsj.com/tech/u-s-tightens-curbs-on-ai-chip-exports-to-china-widening-rift-with-u-s-businesses-3b9983df) of artificial-intelligence chips, making it harder for U.S. companies to sell products to the Chinese market. Nvidia was down nearly 4%, among the worst performers in the S&P 500. Chip stocks have been some of this year's best performers.
Reuters
WASHINGTON (Reuters) -The Biden administration said on Tuesday it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a suite of measures aimed at stopping Beijing from getting cutting-edge U.S. technologies to strengthen its military. The rules, described by senior administration officials in a press briefing on Monday evening, restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Thread and Biren. The new measures aim to hamper China's military development by closing loopholes in regulations released last October and will probably be updated "at least annually," according to Commerce Department Secretary Gina Raimondo.
TipRanks
The automotive industry is shifting, under a combination of impulses, from internal combustion engines to electrically powered vehicles. There has been much commentary on this shift, on its efficacy and practicality, but we’ll focus here on a factor that most people probably don’t think about: lithium. Lithium-ion batteries are the beating heart of electric vehicles (EVs); Elon Musk has said that ‘lithium batteries are the new oil.’ Musk has been right too often for us to ignore him – and on top
TipRanks
Some of the main pillars of Warren Buffett’s investing philosophy include the merits of patience and taking the long-term view. One of his recent big investments appears to reflect that strategy. Against a backdrop of rising mortgage rates, declining home sales and various industry headwinds, during Q2, Buffett’s Berkshire Hathaway opened a new position in D.R. Horton (NYSE:DHI), which happens to be the US’s biggest homebuilder. Buffett purchased 5,969,714 DHI shares, which at the current share
Bloomberg
(Bloomberg) -- U.S. Bancorp surged after the Federal Reserve released it from a commitment to meet requirements for larger banks by the end of next year.Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Biden Summit With Arab Leaders Is CanceledWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Hundreds Killed at Gaza Hospital as Israel Denies AirstrikePutin Arrives in China to Meet Xi on Rare International TripRegulators said the regional lend
PureWow
How to take over the family finances after a tragedy? How about not like this: I got a call maybe a month or three after my 55-year-old husband died from cancer, leaving our 12-year-old son and me stunned that this big personality had finally, in my husband’s words, “rolled over and called it a life.” I was picking up my elderly parents from the airport when I got an urgent call from the new manny (a male caretaker would be good for the kid, I was advised) saying, “Um, there’s a man here to take
Bloomberg
(Bloomberg) -- US pharmacy chain Rite Aid Corp. is moving quickly to sell its assets in bankruptcy, over the objection of at least one potential bidder, because the company faces looming financial deadlines, a company lawyer said during the chain’s first day under court supervision.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitPutin Arrives in China to Meet Xi on Rare International TripYour Guide to Understanding the Roots of the Israel-Hamas WarBiden Plan
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