Clear airport security is currently getting a lot of flak from frustrated travelers
Those who joined the end of a long line for TSA security at JFK or many other airports across the country may have noticed posters offering a way to avoid this frustrating experience with a service called Clear. Launched in 2010 after several stop-and-starts in the aftermath of 9/11 and going public 11 years later, the tech company created a service that allows one to bypass the general security line by submitting biometrics that will be recognized at dedicated Clear kiosks at different airports.Related: Some will soon be able to self-serve themselves through airport security While the company's popularity is what allowed it to go public with a $4.5 billion IPO in 2021, Clear has recently been facing a plethora of complaints from frustrated travelers. A photo captures Clear kiosks at one of the country's airports. Shutterstock 'The value just isn't there anymore,' frustrated traveler says "The Clear lines are longer than the regular lines, with correspondingly longer wait times," one travel influencer wrote on X, the social media platform formerly known as Twitter, during the peak of holiday travel. "Why should I pay to wait longer to get through airport security? The value just isn't there any more." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The service costs $189 a year but is often available for free or at a significant discount with different credit cards. "The staff in the airport I worked in were miserable ... and not always that friendly with the customers (I made sure to be friendly and professional!)," one Redditor identifying themselves as a former Clear employee wrote on Reddit. "... But if my CC credit card didn't reimburse me for the cost, I would cancel Clear." Another Redditor from the start of the year also wrote that the "CLEAR line is longer than the SkyClub line." (Delta (DAL) - Get Free Report recently brought about the ire of its customers after trying to crack down on overcrowding at its lounges by making it even harder to earn access and bringing down the number of times those who have it can go in.)Recent breaches catch the attention of lawmakers, security experts As with most companies who use biometrics and private customer data, Clear has also received criticism from those with security concerns. The company is currently working on an upgraded facial recognition version that it calls Next Gen Identity+ and describes it as one's "highest fidelity digital identity." While approved by the TSA, several recent security breaches drew attention both to the risks of having someone with ill intent use it to bypass security for a flight and having one's biometric data at risk of hackers. "We can't change our biometrics without extreme measures like burning off our fingerprints or getting extreme facial reconstruction surgery," Adam Schwartz, the primary privacy litigation director for the Electronic Frontier Foundation making a case against increasing digital surveillance, told the Washington Post. "Unlike other numbers that can be changed if we're a victim of a fraud or whatnot, we have our biometrics for life." The issue has also recently caught the attention of some lawmakers who have campaigned against increasing use of biometrics. "Congress needs to take a look at the security side," Congressman Wiley Nickel (D-N.C.) told Slate Magazine at the start of December. "The recent failures by Clear are very concerning."
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Those who joined the end of a long line for TSA security at JFK or many other airports across the country may have noticed posters offering a way to avoid this frustrating experience with a service called Clear. Launched in 2010 after several stop-and-starts in the aftermath of 9/11 and going public 11 years later, the tech company created a service that allows one to bypass the general security line by submitting biometrics that will be recognized at dedicated Clear kiosks at different airports.Related: Some will soon be able to self-serve themselves through airport security While the company's popularity is what allowed it to go public with a $4.5 billion IPO in 2021, Clear has recently been facing a plethora of complaints from frustrated travelers. A photo captures Clear kiosks at one of the country's airports. Shutterstock 'The value just isn't there anymore,' frustrated traveler says "The Clear lines are longer than the regular lines, with correspondingly longer wait times," one travel influencer wrote on X, the social media platform formerly known as Twitter, during the peak of holiday travel. "Why should I pay to wait longer to get through airport security? The value just isn't there any more." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The service costs $189 a year but is often available for free or at a significant discount with different credit cards. "The staff in the airport I worked in were miserable ... and not always that friendly with the customers (I made sure to be friendly and professional!)," one Redditor identifying themselves as a former Clear employee wrote on Reddit. "... But if my CC credit card didn't reimburse me for the cost, I would cancel Clear." Another Redditor from the start of the year also wrote that the "CLEAR line is longer than the SkyClub line." (Delta (DAL) - Get Free Report recently brought about the ire of its customers after trying to crack down on overcrowding at its lounges by making it even harder to earn access and bringing down the number of times those who have it can go in.)Recent breaches catch the attention of lawmakers, security experts As with most companies who use biometrics and private customer data, Clear has also received criticism from those with security concerns. The company is currently working on an upgraded facial recognition version that it calls Next Gen Identity+ and describes it as one's "highest fidelity digital identity." While approved by the TSA, several recent security breaches drew attention both to the risks of having someone with ill intent use it to bypass security for a flight and having one's biometric data at risk of hackers. "We can't change our biometrics without extreme measures like burning off our fingerprints or getting extreme facial reconstruction surgery," Adam Schwartz, the primary privacy litigation director for the Electronic Frontier Foundation making a case against increasing digital surveillance, told the Washington Post. "Unlike other numbers that can be changed if we're a victim of a fraud or whatnot, we have our biometrics for life." The issue has also recently caught the attention of some lawmakers who have campaigned against increasing use of biometrics. "Congress needs to take a look at the security side," Congressman Wiley Nickel (D-N.C.) told Slate Magazine at the start of December. "The recent failures by Clear are very concerning."
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TheStreet
CLEAR airport security is currently getting a lot of flak from frustrated travelers
"The value just isn't there any more," one frustrated customer wrote on the social media platform formerly known as Twitter.
*Macy’s After-Christmas Sale Has Tons of Cozy Bedding Finds — Shop Our Top Picks*
Get your bed into shape before the New Year! READ MORE...
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*Rachel Nichols told Dan Le Batard about a shockingly offensive comment a top exec once told her*
Rachel Nichols is one of the most popular names in sports media right now, and that's particularly impressive considering she's made it in an industry dominated by men. The 50-year-old sports host, who is currently doing a bevy of gigs including regularly guesting on FS1's "Undisputed," has been employed by some of sports' and media's biggest companies, from The Washington Post to ESPN and Fox. But climbing the sports media ranks has always had more hurdles for women, even though Nichols claims that there were others like legendary sports columnist Christine Brennan who paved the way for her. On an episode of Dan Le Batard's "South Beach Sessions" that aired on Dec. 22, Nichols spoke candidly about the struggles she faced to get to where she is today. In the hour-long interview, Nichols went through her whole career, though there was one particularly striking instance where she mentioned an encounter with an executive when Nichols was pregnant with twins. She mentioned that she was always wary about having kids because she knew it would be viewed as a hindrance to her career.Related: Dan Le Batard believes Stephen A. Smith is planning a huge move outside of ESPN "When I was pregnant, I waited so long to tell them. I waited so long because I knew that this was not going to be good for me professionally," Nichols said. "I was married for ten years before I decided to have kids, and a big part of that consideration was, 'Do I want a little human in my life?' but also 'How is this going to affect the thing that I've scrapped for, that I've worked for so hard?'" Nichols eventually had to tell her bosses, but she explained that she and her husband were in a stable place where she could easily continue with her career despite the role. "I'm going to have full-time live-in help so I can still get on a plane anytime you want, that's part of why I waited ... and you won't notice the difference," Nichols told her bosses. But she didn't get the response she was expecting. "I had the executive look at me and say, 'This is great, congratulations, I'm so happy for you, it's been so nice working with you,'" Nichols said. The executive continued by saying that he thought she was "not really going to be able to do the job" that she was currently doing if she were to become a mother. Nichols painted the scene happening in the office of the executive who had pictures of him with his family and kids on his desk, which she pointed out after he made his initial comments. "He looked at me and he said, 'Rachel, children need their mothers,'" Nichols said.Related: Matt Barnes speaks candidly about Rachel Nichols and Maria Taylor's ESPN controversy Nichols didn't mention which company she was working for at the time of the instances, but she was on her first stint with ESPN when she was pregnant. It clearly didn't deter her career, even though she left in 2013 to work with CNN and Turner, and she returned to ESPN in 2016. In 2022, Nichols had a very public and tumultuous exit from ESPN that involved a leaked audio recording of her from her hotel room in the NBA bubble in Florida. Le Batard prefaced his conversation with Nichols by saying that the two would not touch on the topic during this session, but would hopefully talk about it in-detail down the line. Nichols' conversation with Le Batard did include several other instances of the difficulties she's faced in the industry, including bosses telling her she didn't belong, accusations that she only made it big by having sexual relationships with athletes, and actually receiving sexually explicit messages from supervisors. Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/sports/rachel-nichols-dan-le-batard-offensive-comment-top-exec)
Rachel Nichols is one of the most popular names in sports media right now, and that's particularly impressive considering she's made it in an industry dominated by men. The 50-year-old sports host, who is currently doing a bevy of gigs including regularly guesting on FS1's "Undisputed," has been employed by some of sports' and media's biggest companies, from The Washington Post to ESPN and Fox. But climbing the sports media ranks has always had more hurdles for women, even though Nichols claims that there were others like legendary sports columnist Christine Brennan who paved the way for her. On an episode of Dan Le Batard's "South Beach Sessions" that aired on Dec. 22, Nichols spoke candidly about the struggles she faced to get to where she is today. In the hour-long interview, Nichols went through her whole career, though there was one particularly striking instance where she mentioned an encounter with an executive when Nichols was pregnant with twins. She mentioned that she was always wary about having kids because she knew it would be viewed as a hindrance to her career.Related: Dan Le Batard believes Stephen A. Smith is planning a huge move outside of ESPN "When I was pregnant, I waited so long to tell them. I waited so long because I knew that this was not going to be good for me professionally," Nichols said. "I was married for ten years before I decided to have kids, and a big part of that consideration was, 'Do I want a little human in my life?' but also 'How is this going to affect the thing that I've scrapped for, that I've worked for so hard?'" Nichols eventually had to tell her bosses, but she explained that she and her husband were in a stable place where she could easily continue with her career despite the role. "I'm going to have full-time live-in help so I can still get on a plane anytime you want, that's part of why I waited ... and you won't notice the difference," Nichols told her bosses. But she didn't get the response she was expecting. "I had the executive look at me and say, 'This is great, congratulations, I'm so happy for you, it's been so nice working with you,'" Nichols said. The executive continued by saying that he thought she was "not really going to be able to do the job" that she was currently doing if she were to become a mother. Nichols painted the scene happening in the office of the executive who had pictures of him with his family and kids on his desk, which she pointed out after he made his initial comments. "He looked at me and he said, 'Rachel, children need their mothers,'" Nichols said.Related: Matt Barnes speaks candidly about Rachel Nichols and Maria Taylor's ESPN controversy Nichols didn't mention which company she was working for at the time of the instances, but she was on her first stint with ESPN when she was pregnant. It clearly didn't deter her career, even though she left in 2013 to work with CNN and Turner, and she returned to ESPN in 2016. In 2022, Nichols had a very public and tumultuous exit from ESPN that involved a leaked audio recording of her from her hotel room in the NBA bubble in Florida. Le Batard prefaced his conversation with Nichols by saying that the two would not touch on the topic during this session, but would hopefully talk about it in-detail down the line. Nichols' conversation with Le Batard did include several other instances of the difficulties she's faced in the industry, including bosses telling her she didn't belong, accusations that she only made it big by having sexual relationships with athletes, and actually receiving sexually explicit messages from supervisors. Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/sports/rachel-nichols-dan-le-batard-offensive-comment-top-exec)
TheStreet
Rachel Nichols told Dan Le Batard about a shockingly offensive comment a top exec once told her
The timeline suggests it was an ESPN executive.
Rachel Nichols told Dan Le Batard about a shockingly offensive comment a top exec once told her
Rachel Nichols is one of the most popular names in sports media right now, and that's particularly impressive considering she's made it in an industry dominated by men. The 50-year-old sports host, who is currently doing a bevy of gigs including regularly guesting on FS1's "Undisputed," has been employed by some of sports' and media's biggest companies, from The Washington Post to ESPN and Fox. But climbing the sports media ranks has always had more hurdles for women, even though Nichols claims that there were others like legendary sports columnist Christine Brennan who paved the way for her. On an episode of Dan Le Batard's "South Beach Sessions" that aired on Dec. 22, Nichols spoke candidly about the struggles she faced to get to where she is today. In the hour-long interview, Nichols went through her whole career, though there was one particularly striking instance where she mentioned an encounter with an executive when Nichols was pregnant with twins. She mentioned that she was always wary about having kids because she knew it would be viewed as a hindrance to her career.Related: Dan Le Batard believes Stephen A. Smith is planning a huge move outside of ESPN "When I was pregnant, I waited so long to tell them. I waited so long because I knew that this was not going to be good for me professionally," Nichols said. "I was married for ten years before I decided to have kids, and a big part of that consideration was, 'Do I want a little human in my life?' but also 'How is this going to affect the thing that I've scrapped for, that I've worked for so hard?'" Nichols eventually had to tell her bosses, but she explained that she and her husband were in a stable place where she could easily continue with her career despite the role. "I'm going to have full-time live-in help so I can still get on a plane anytime you want, that's part of why I waited ... and you won't notice the difference," Nichols told her bosses. But she didn't get the response she was expecting. "I had the executive look at me and say, 'This is great, congratulations, I'm so happy for you, it's been so nice working with you,'" Nichols said. The executive continued by saying that he thought she was "not really going to be able to do the job" that she was currently doing if she were to become a mother. Nichols painted the scene happening in the office of the executive who had pictures of him with his family and kids on his desk, which she pointed out after he made his initial comments. "He looked at me and he said, 'Rachel, children need their mothers,'" Nichols said.Related: Matt Barnes speaks candidly about Rachel Nichols and Maria Taylor's ESPN controversy Nichols didn't mention which company she was working for at the time of the instances, but she was on her first stint with ESPN when she was pregnant. It clearly didn't deter her career, even though she left in 2013 to work with CNN and Turner, and she returned to ESPN in 2016. In 2022, Nichols had a very public and tumultuous exit from ESPN that involved a leaked audio recording of her from her hotel room in the NBA bubble in Florida. Le Batard prefaced his conversation with Nichols by saying that the two would not touch on the topic during this session, but would hopefully talk about it in-detail down the line. Nichols' conversation with Le Batard did include several other instances of the difficulties she's faced in the industry, including bosses telling her she didn't belong, accusations that she only made it big by having sexual relationships with athletes, and actually receiving sexually explicit messages from supervisors. Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
Read more...
Rachel Nichols is one of the most popular names in sports media right now, and that's particularly impressive considering she's made it in an industry dominated by men. The 50-year-old sports host, who is currently doing a bevy of gigs including regularly guesting on FS1's "Undisputed," has been employed by some of sports' and media's biggest companies, from The Washington Post to ESPN and Fox. But climbing the sports media ranks has always had more hurdles for women, even though Nichols claims that there were others like legendary sports columnist Christine Brennan who paved the way for her. On an episode of Dan Le Batard's "South Beach Sessions" that aired on Dec. 22, Nichols spoke candidly about the struggles she faced to get to where she is today. In the hour-long interview, Nichols went through her whole career, though there was one particularly striking instance where she mentioned an encounter with an executive when Nichols was pregnant with twins. She mentioned that she was always wary about having kids because she knew it would be viewed as a hindrance to her career.Related: Dan Le Batard believes Stephen A. Smith is planning a huge move outside of ESPN "When I was pregnant, I waited so long to tell them. I waited so long because I knew that this was not going to be good for me professionally," Nichols said. "I was married for ten years before I decided to have kids, and a big part of that consideration was, 'Do I want a little human in my life?' but also 'How is this going to affect the thing that I've scrapped for, that I've worked for so hard?'" Nichols eventually had to tell her bosses, but she explained that she and her husband were in a stable place where she could easily continue with her career despite the role. "I'm going to have full-time live-in help so I can still get on a plane anytime you want, that's part of why I waited ... and you won't notice the difference," Nichols told her bosses. But she didn't get the response she was expecting. "I had the executive look at me and say, 'This is great, congratulations, I'm so happy for you, it's been so nice working with you,'" Nichols said. The executive continued by saying that he thought she was "not really going to be able to do the job" that she was currently doing if she were to become a mother. Nichols painted the scene happening in the office of the executive who had pictures of him with his family and kids on his desk, which she pointed out after he made his initial comments. "He looked at me and he said, 'Rachel, children need their mothers,'" Nichols said.Related: Matt Barnes speaks candidly about Rachel Nichols and Maria Taylor's ESPN controversy Nichols didn't mention which company she was working for at the time of the instances, but she was on her first stint with ESPN when she was pregnant. It clearly didn't deter her career, even though she left in 2013 to work with CNN and Turner, and she returned to ESPN in 2016. In 2022, Nichols had a very public and tumultuous exit from ESPN that involved a leaked audio recording of her from her hotel room in the NBA bubble in Florida. Le Batard prefaced his conversation with Nichols by saying that the two would not touch on the topic during this session, but would hopefully talk about it in-detail down the line. Nichols' conversation with Le Batard did include several other instances of the difficulties she's faced in the industry, including bosses telling her she didn't belong, accusations that she only made it big by having sexual relationships with athletes, and actually receiving sexually explicit messages from supervisors. Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
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TheStreet
Rachel Nichols told Dan Le Batard about a shockingly offensive comment a top exec once told her
The timeline suggests it was an ESPN executive.
*Here are 10 of UBS' top stock picks for 2024*
It’s that time of year: 2024 forecasts are all upon us. If you’re interested in stocks, you’ll want to have a look at this one from UBS. Each of Its analysts offered his/her top stock pick for next year. And out of that, UBS formed a list of the 24 “most compelling” stock ideas for the year ahead, it said in a report. “We've focused on stocks where we believe our analysts have a differentiated view versus consensus, and where we have interesting or proprietary data sources,” UBS wrote, according to the report. In addition, “we have considered potential upside to price target and risk/reward skew, as well as a stock's exposure to key themes and factor preferences from a strategy perspective.” Here are 10 of the best-known names on the list, in alphabetical order.Aerospace, Energy, Beverages Boeing (BA) - Get Free Report Tuesday price quote: $262.50. UBS 12-month price target: $315. UBS 12-month total return forecast: 23%. “The demand backdrop for aircraft is strong,” wrote UBS analyst Gavin Parsons. “Boeing stock tracks free cash flow, which we expect to compound at 36% from 2023-2027.” Chevron (CVX) - Get Free Report Tuesday price quote: $152.80. UBS 12-month price target: $185. UBS 12-month total return forecast: 28%. Coca-Cola (KO) - Get Free Report Tuesday price quote: $58.40. UBS 12-month price target: $70. UBS 12-month total return forecast: 22%. “Coke has strengthened its market leadership position and shown a greater willingness to pursue higher growth opportunities in recent years through mergers and acquisitions, investment behind core brands, and innovation,” wrote UBS analyst Peter Grom. Entergy (ETR) - Get Free Report Tuesday price quote: $100.70. UBS 12-month price target: $119. UBS 12-month total return forecast: 19% Merck (MRK) - Get Free Report Tuesday price quote: $107.50. UBS 12-month price target: $122. UBS 12-month total return forecast: 18%.Technology, Telecommunications, Healthcare Meta (META) - Get Free Report Tuesday price quote: $355.25. UBS 12-month price target: $425. UBS 12-month total return forecast: 28%. The company is “underappreciated for improving engagement across surfaces, better ad technology, ramping Reels monetization, and expanding advertiser base through new formats like click-to-message ads,” wrote UBS analyst Lloyd Walmsley. Micron Technology (MU) - Get Free Report Tuesday price quote: $87.20. UBS 12-month price target $90. UBS 12-month total return forecast: 10%. T-Mobile US (TMUS) - Get Free Report Tuesday price quote: $155.80. UBS 12-month price target: $186. UBS 12-month total return forecast: 19%. “We expect T-Mobile’s subscriber/ARPU [average-revenue-per-unit] momentum to continue, given its time to market advantage in 5G,” wrote UBS analyst John Hodulik. Meanwhile, its margin gap behind peers should narrow further, he said. UnitedHealth (UNH) - Get Free Report Tuesday price quote: $519.55. UBS 12-month price target: $640. UBS 12-month total return forecast: 21%. Visa (V) - Get Free Report Tuesday price quote: $259.10. UBS 12-month price target: $305. UBS 12-month total return forecast 19%. The company’s strengths include “profitability …, balanced exposure (discretionary vs. non-discretionary, goods vs. services), ability to grow through moderate recessionary conditions (debit mix for topline, expense controls for bottom line), and expansion into new flows (notably via Visa Direct),” wrote UBS analyst Tim Chiodo. The author owns share of Coke, Meta and UnitedHealth.
[Read more...](https://www.thestreet.com/stocks/ubs-top-stock-picks-2024)
It’s that time of year: 2024 forecasts are all upon us. If you’re interested in stocks, you’ll want to have a look at this one from UBS. Each of Its analysts offered his/her top stock pick for next year. And out of that, UBS formed a list of the 24 “most compelling” stock ideas for the year ahead, it said in a report. “We've focused on stocks where we believe our analysts have a differentiated view versus consensus, and where we have interesting or proprietary data sources,” UBS wrote, according to the report. In addition, “we have considered potential upside to price target and risk/reward skew, as well as a stock's exposure to key themes and factor preferences from a strategy perspective.” Here are 10 of the best-known names on the list, in alphabetical order.Aerospace, Energy, Beverages Boeing (BA) - Get Free Report Tuesday price quote: $262.50. UBS 12-month price target: $315. UBS 12-month total return forecast: 23%. “The demand backdrop for aircraft is strong,” wrote UBS analyst Gavin Parsons. “Boeing stock tracks free cash flow, which we expect to compound at 36% from 2023-2027.” Chevron (CVX) - Get Free Report Tuesday price quote: $152.80. UBS 12-month price target: $185. UBS 12-month total return forecast: 28%. Coca-Cola (KO) - Get Free Report Tuesday price quote: $58.40. UBS 12-month price target: $70. UBS 12-month total return forecast: 22%. “Coke has strengthened its market leadership position and shown a greater willingness to pursue higher growth opportunities in recent years through mergers and acquisitions, investment behind core brands, and innovation,” wrote UBS analyst Peter Grom. Entergy (ETR) - Get Free Report Tuesday price quote: $100.70. UBS 12-month price target: $119. UBS 12-month total return forecast: 19% Merck (MRK) - Get Free Report Tuesday price quote: $107.50. UBS 12-month price target: $122. UBS 12-month total return forecast: 18%.Technology, Telecommunications, Healthcare Meta (META) - Get Free Report Tuesday price quote: $355.25. UBS 12-month price target: $425. UBS 12-month total return forecast: 28%. The company is “underappreciated for improving engagement across surfaces, better ad technology, ramping Reels monetization, and expanding advertiser base through new formats like click-to-message ads,” wrote UBS analyst Lloyd Walmsley. Micron Technology (MU) - Get Free Report Tuesday price quote: $87.20. UBS 12-month price target $90. UBS 12-month total return forecast: 10%. T-Mobile US (TMUS) - Get Free Report Tuesday price quote: $155.80. UBS 12-month price target: $186. UBS 12-month total return forecast: 19%. “We expect T-Mobile’s subscriber/ARPU [average-revenue-per-unit] momentum to continue, given its time to market advantage in 5G,” wrote UBS analyst John Hodulik. Meanwhile, its margin gap behind peers should narrow further, he said. UnitedHealth (UNH) - Get Free Report Tuesday price quote: $519.55. UBS 12-month price target: $640. UBS 12-month total return forecast: 21%. Visa (V) - Get Free Report Tuesday price quote: $259.10. UBS 12-month price target: $305. UBS 12-month total return forecast 19%. The company’s strengths include “profitability …, balanced exposure (discretionary vs. non-discretionary, goods vs. services), ability to grow through moderate recessionary conditions (debit mix for topline, expense controls for bottom line), and expansion into new flows (notably via Visa Direct),” wrote UBS analyst Tim Chiodo. The author owns share of Coke, Meta and UnitedHealth.
[Read more...](https://www.thestreet.com/stocks/ubs-top-stock-picks-2024)
TheStreet
Here are 10 UBS top stock picks for 2024
The S&P 500 has climbed 24% this year, and many experts think a soft economic landing will extend the rally in 2024.
Here are 10 of UBS' top stock picks for 2024
It’s that time of year: 2024 forecasts are all upon us. If you’re interested in stocks, you’ll want to have a look at this one from UBS. Each of Its analysts offered his/her top stock pick for next year. And out of that, UBS formed a list of the 24 “most compelling” stock ideas for the year ahead, it said in a report. “We've focused on stocks where we believe our analysts have a differentiated view versus consensus, and where we have interesting or proprietary data sources,” UBS wrote, according to the report. In addition, “we have considered potential upside to price target and risk/reward skew, as well as a stock's exposure to key themes and factor preferences from a strategy perspective.” Here are 10 of the best-known names on the list, in alphabetical order.Aerospace, Energy, Beverages Boeing (BA) - Get Free Report Tuesday price quote: $262.50. UBS 12-month price target: $315. UBS 12-month total return forecast: 23%. “The demand backdrop for aircraft is strong,” wrote UBS analyst Gavin Parsons. “Boeing stock tracks free cash flow, which we expect to compound at 36% from 2023-2027.” Chevron (CVX) - Get Free Report Tuesday price quote: $152.80. UBS 12-month price target: $185. UBS 12-month total return forecast: 28%. Coca-Cola (KO) - Get Free Report Tuesday price quote: $58.40. UBS 12-month price target: $70. UBS 12-month total return forecast: 22%. “Coke has strengthened its market leadership position and shown a greater willingness to pursue higher growth opportunities in recent years through mergers and acquisitions, investment behind core brands, and innovation,” wrote UBS analyst Peter Grom. Entergy (ETR) - Get Free Report Tuesday price quote: $100.70. UBS 12-month price target: $119. UBS 12-month total return forecast: 19% Merck (MRK) - Get Free Report Tuesday price quote: $107.50. UBS 12-month price target: $122. UBS 12-month total return forecast: 18%.Technology, Telecommunications, Healthcare Meta (META) - Get Free Report Tuesday price quote: $355.25. UBS 12-month price target: $425. UBS 12-month total return forecast: 28%. The company is “underappreciated for improving engagement across surfaces, better ad technology, ramping Reels monetization, and expanding advertiser base through new formats like click-to-message ads,” wrote UBS analyst Lloyd Walmsley. Micron Technology (MU) - Get Free Report Tuesday price quote: $87.20. UBS 12-month price target $90. UBS 12-month total return forecast: 10%. T-Mobile US (TMUS) - Get Free Report Tuesday price quote: $155.80. UBS 12-month price target: $186. UBS 12-month total return forecast: 19%. “We expect T-Mobile’s subscriber/ARPU average-revenue-per-unit momentum to continue, given its time to market advantage in 5G,” wrote UBS analyst John Hodulik. Meanwhile, its margin gap behind peers should narrow further, he said. UnitedHealth (UNH) - Get Free Report Tuesday price quote: $519.55. UBS 12-month price target: $640. UBS 12-month total return forecast: 21%. Visa (V) - Get Free Report Tuesday price quote: $259.10. UBS 12-month price target: $305. UBS 12-month total return forecast 19%. The company’s strengths include “profitability …, balanced exposure (discretionary vs. non-discretionary, goods vs. services), ability to grow through moderate recessionary conditions (debit mix for topline, expense controls for bottom line), and expansion into new flows (notably via Visa Direct),” wrote UBS analyst Tim Chiodo. The author owns share of Coke, Meta and UnitedHealth.
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It’s that time of year: 2024 forecasts are all upon us. If you’re interested in stocks, you’ll want to have a look at this one from UBS. Each of Its analysts offered his/her top stock pick for next year. And out of that, UBS formed a list of the 24 “most compelling” stock ideas for the year ahead, it said in a report. “We've focused on stocks where we believe our analysts have a differentiated view versus consensus, and where we have interesting or proprietary data sources,” UBS wrote, according to the report. In addition, “we have considered potential upside to price target and risk/reward skew, as well as a stock's exposure to key themes and factor preferences from a strategy perspective.” Here are 10 of the best-known names on the list, in alphabetical order.Aerospace, Energy, Beverages Boeing (BA) - Get Free Report Tuesday price quote: $262.50. UBS 12-month price target: $315. UBS 12-month total return forecast: 23%. “The demand backdrop for aircraft is strong,” wrote UBS analyst Gavin Parsons. “Boeing stock tracks free cash flow, which we expect to compound at 36% from 2023-2027.” Chevron (CVX) - Get Free Report Tuesday price quote: $152.80. UBS 12-month price target: $185. UBS 12-month total return forecast: 28%. Coca-Cola (KO) - Get Free Report Tuesday price quote: $58.40. UBS 12-month price target: $70. UBS 12-month total return forecast: 22%. “Coke has strengthened its market leadership position and shown a greater willingness to pursue higher growth opportunities in recent years through mergers and acquisitions, investment behind core brands, and innovation,” wrote UBS analyst Peter Grom. Entergy (ETR) - Get Free Report Tuesday price quote: $100.70. UBS 12-month price target: $119. UBS 12-month total return forecast: 19% Merck (MRK) - Get Free Report Tuesday price quote: $107.50. UBS 12-month price target: $122. UBS 12-month total return forecast: 18%.Technology, Telecommunications, Healthcare Meta (META) - Get Free Report Tuesday price quote: $355.25. UBS 12-month price target: $425. UBS 12-month total return forecast: 28%. The company is “underappreciated for improving engagement across surfaces, better ad technology, ramping Reels monetization, and expanding advertiser base through new formats like click-to-message ads,” wrote UBS analyst Lloyd Walmsley. Micron Technology (MU) - Get Free Report Tuesday price quote: $87.20. UBS 12-month price target $90. UBS 12-month total return forecast: 10%. T-Mobile US (TMUS) - Get Free Report Tuesday price quote: $155.80. UBS 12-month price target: $186. UBS 12-month total return forecast: 19%. “We expect T-Mobile’s subscriber/ARPU average-revenue-per-unit momentum to continue, given its time to market advantage in 5G,” wrote UBS analyst John Hodulik. Meanwhile, its margin gap behind peers should narrow further, he said. UnitedHealth (UNH) - Get Free Report Tuesday price quote: $519.55. UBS 12-month price target: $640. UBS 12-month total return forecast: 21%. Visa (V) - Get Free Report Tuesday price quote: $259.10. UBS 12-month price target: $305. UBS 12-month total return forecast 19%. The company’s strengths include “profitability …, balanced exposure (discretionary vs. non-discretionary, goods vs. services), ability to grow through moderate recessionary conditions (debit mix for topline, expense controls for bottom line), and expansion into new flows (notably via Visa Direct),” wrote UBS analyst Tim Chiodo. The author owns share of Coke, Meta and UnitedHealth.
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TheStreet
Here are 10 UBS top stock picks for 2024
The S&P 500 has climbed 24% this year, and many experts think a soft economic landing will extend the rally in 2024.
*Fruit and vegetable names in Europe*
submitted by /u/Ave-Nar to r/europe [link] [comments]
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Reddit
From the europe community on Reddit: Fruit and vegetable names in Europe
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*A disproportionate amount of smug Millenials here got either lucky or had rich parents*
Millenials own just 6% of all wealth. During the same time of their lives Boomers owned 22% and Xlers 12%. So objectively Millenials are much worse off than previous generations. Yet when going through this sub there are so many smug people that claim to make 100k+ a year and "bought" their house at age 25 or 30 and how everyone who does not invest is sooo stupid and financially illiterate and they are so smart and have so much skill. I suspect most of these smug people come from rich families where mommy and daddy supplied a lot of financial funds - or they just got insanely lucky and now confuse luck with skill. You cannot invest if you barely make enough money to afford the necessities. You cannot gamble the few thousand Dollars a year you can save on investing because you need the money as an emergency fund. Also there is no guarantee that "investing" and "compound interest" will increase your money. You also might just lose it all. A down payment is not enough. If I save 5000 a year - thats 200 000 after 40 years. After 4 years I might have the 20 000 necessary for a down payment. But the remaining 180 000 I will save until im 70 are nowhere near enough to pay of the house + maintain the house. So "buying" under these circumstances is financial suicide. If you were able to "buy" a house at age 25 or 30 - then you either got a lot of financial funds from your parents - inherited a lot of wealth - or got insanely lucky. For some just the timing of their birth gave them an enormous advantage that had 0 to do with your supposed and inflated "skill". So just stop with the bs about "investing" and "down payment" and " its your own fault for not doing x while you had circumstances against you that made x impossible" and "Im so smart because Im well of and everyone who isnt investing is financiall illiterate and just stoopid and Im so smart". Just 51% of Millenials are abel to afford a house - a LOT of those only because they inherited or their parents were wealthy. If you eliminate these two categories then the number probably drops down to 30% or less. submitted by /u/Tiredworker27 to r/Millennials [link] [comments]
[Read more...](https://www.reddit.com/r/Millennials/comments/18r5an1/a_disproportionate_amount_of_smug_millenials_here/)
Millenials own just 6% of all wealth. During the same time of their lives Boomers owned 22% and Xlers 12%. So objectively Millenials are much worse off than previous generations. Yet when going through this sub there are so many smug people that claim to make 100k+ a year and "bought" their house at age 25 or 30 and how everyone who does not invest is sooo stupid and financially illiterate and they are so smart and have so much skill. I suspect most of these smug people come from rich families where mommy and daddy supplied a lot of financial funds - or they just got insanely lucky and now confuse luck with skill. You cannot invest if you barely make enough money to afford the necessities. You cannot gamble the few thousand Dollars a year you can save on investing because you need the money as an emergency fund. Also there is no guarantee that "investing" and "compound interest" will increase your money. You also might just lose it all. A down payment is not enough. If I save 5000 a year - thats 200 000 after 40 years. After 4 years I might have the 20 000 necessary for a down payment. But the remaining 180 000 I will save until im 70 are nowhere near enough to pay of the house + maintain the house. So "buying" under these circumstances is financial suicide. If you were able to "buy" a house at age 25 or 30 - then you either got a lot of financial funds from your parents - inherited a lot of wealth - or got insanely lucky. For some just the timing of their birth gave them an enormous advantage that had 0 to do with your supposed and inflated "skill". So just stop with the bs about "investing" and "down payment" and " its your own fault for not doing x while you had circumstances against you that made x impossible" and "Im so smart because Im well of and everyone who isnt investing is financiall illiterate and just stoopid and Im so smart". Just 51% of Millenials are abel to afford a house - a LOT of those only because they inherited or their parents were wealthy. If you eliminate these two categories then the number probably drops down to 30% or less. submitted by /u/Tiredworker27 to r/Millennials [link] [comments]
[Read more...](https://www.reddit.com/r/Millennials/comments/18r5an1/a_disproportionate_amount_of_smug_millenials_here/)
Reddit
From the Millennials community on Reddit: A disproportionate amount of smug Millenials here got either lucky or had rich parents
Posted by Tiredworker27 - 8,781 votes and 5,986 comments
A disproportionate amount of smug Millenials here got either lucky or had rich parents
Millenials own just 6% of all wealth. During the same time of their lives Boomers owned 22% and Xlers 12%. So objectively Millenials are much worse off than previous generations. Yet when going through this sub there are so many smug people that claim to make 100k+ a year and "bought" their house at age 25 or 30 and how everyone who does not invest is sooo stupid and financially illiterate and they are so smart and have so much skill. I suspect most of these smug people come from rich families where mommy and daddy supplied a lot of financial funds - or they just got insanely lucky and now confuse luck with skill. You cannot invest if you barely make enough money to afford the necessities. You cannot gamble the few thousand Dollars a year you can save on investing because you need the money as an emergency fund. Also there is no guarantee that "investing" and "compound interest" will increase your money. You also might just lose it all. A down payment is not enough. If I save 5000 a year - thats 200 000 after 40 years. After 4 years I might have the 20 000 necessary for a down payment. But the remaining 180 000 I will save until im 70 are nowhere near enough to pay of the house + maintain the house. So "buying" under these circumstances is financial suicide. If you were able to "buy" a house at age 25 or 30 - then you either got a lot of financial funds from your parents - inherited a lot of wealth - or got insanely lucky. For some just the timing of their birth gave them an enormous advantage that had 0 to do with your supposed and inflated "skill". So just stop with the bs about "investing" and "down payment" and " its your own fault for not doing x while you had circumstances against you that made x impossible" and "Im so smart because Im well of and everyone who isnt investing is financiall illiterate and just stoopid and Im so smart". Just 51% of Millenials are abel to afford a house - a LOT of those only because they inherited or their parents were wealthy. If you eliminate these two categories then the number probably drops down to 30% or less. submitted by /u/Tiredworker27 to r/Millennials link comments
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Millenials own just 6% of all wealth. During the same time of their lives Boomers owned 22% and Xlers 12%. So objectively Millenials are much worse off than previous generations. Yet when going through this sub there are so many smug people that claim to make 100k+ a year and "bought" their house at age 25 or 30 and how everyone who does not invest is sooo stupid and financially illiterate and they are so smart and have so much skill. I suspect most of these smug people come from rich families where mommy and daddy supplied a lot of financial funds - or they just got insanely lucky and now confuse luck with skill. You cannot invest if you barely make enough money to afford the necessities. You cannot gamble the few thousand Dollars a year you can save on investing because you need the money as an emergency fund. Also there is no guarantee that "investing" and "compound interest" will increase your money. You also might just lose it all. A down payment is not enough. If I save 5000 a year - thats 200 000 after 40 years. After 4 years I might have the 20 000 necessary for a down payment. But the remaining 180 000 I will save until im 70 are nowhere near enough to pay of the house + maintain the house. So "buying" under these circumstances is financial suicide. If you were able to "buy" a house at age 25 or 30 - then you either got a lot of financial funds from your parents - inherited a lot of wealth - or got insanely lucky. For some just the timing of their birth gave them an enormous advantage that had 0 to do with your supposed and inflated "skill". So just stop with the bs about "investing" and "down payment" and " its your own fault for not doing x while you had circumstances against you that made x impossible" and "Im so smart because Im well of and everyone who isnt investing is financiall illiterate and just stoopid and Im so smart". Just 51% of Millenials are abel to afford a house - a LOT of those only because they inherited or their parents were wealthy. If you eliminate these two categories then the number probably drops down to 30% or less. submitted by /u/Tiredworker27 to r/Millennials link comments
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Reddit
From the Millennials community on Reddit: A disproportionate amount of smug Millenials here got either lucky or had rich parents
Posted by Tiredworker27 - 8,781 votes and 5,986 comments
*Trump’s Christmas Message: ‘ROT IN HELL’*
submitted by /u/Moonskaraos to r/politics [link] [comments]
[Read more...](https://www.reddit.com/r/politics/comments/18r7yid/trumps_christmas_message_rot_in_hell/)
submitted by /u/Moonskaraos to r/politics [link] [comments]
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Reddit
From the politics community on Reddit: Trump’s Christmas Message: ‘ROT IN HELL’
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Trump’s Christmas Message: ‘ROT IN HELL’
submitted by /u/Moonskaraos to r/politics link comments
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Reddit
From the politics community on Reddit: Trump’s Christmas Message: ‘ROT IN HELL’
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*Pro-Brexit and anti-EU mouthpeice The Express is shocked to find that the benefits of membership are reserved for members only*
submitted by /u/Arola_Morre to r/LeopardsAteMyFace [link] [comments]
[Read more...](https://www.reddit.com/r/LeopardsAteMyFace/comments/18r82b3/probrexit_and_antieu_mouthpeice_the_express_is/)
submitted by /u/Arola_Morre to r/LeopardsAteMyFace [link] [comments]
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Reddit
From the LeopardsAteMyFace community on Reddit: Pro-Brexit and anti-EU mouthpeice The Express is shocked to find that the benefits…
Explore this post and more from the LeopardsAteMyFace community
*The 20 Best Home Deals from Amazon’s End-of-Year Sale Event*
Including viral finds, small appliances, and cleaning must-haves! READ MORE...
[Read more...](https://www.apartmenttherapy.com/amazon-end-of-year-home-sale-december-2023-37357937?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
Including viral finds, small appliances, and cleaning must-haves! READ MORE...
[Read more...](https://www.apartmenttherapy.com/amazon-end-of-year-home-sale-december-2023-37357937?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*2023 holiday sales fail to meet expectations*
You may not believe it if you had to stand in line to get some last-minute shopping done, but 2023 holiday retail sales failed to meet some expectations despite positive growth over last season. U.S. holiday retail sales (minus auto sales) rose 3.1% year-over-year in the period between Nov. 1 and Dec. 24, according to payment processor Mastercard (MA) - Get Free Report. Related: Stock Market Today: Santa Claus rally has S&P 500 eyeing record “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Despite Mastercard's optimistic tone, the 3.1% increase is lighter than the 3.7% growth the company forecast for the holiday season in September. At the time, Mastercard said it expected personalized promotions to sway a more "selective and value-focused" consumer. But overall, spending growth in 2023 less than half of last year's 7.6% growth. Apparel was a hot gift item this holiday season. Americans seemed willing to spend on apparel this holiday season — the segment saw a 2.4% increase in sales — though they weren't willing to splurge on jewelry (2% decline). Electronics also saw a modest decline (0.4%) while people spent more on eating in (groceries saw a 2.1% increase) as well as eating out with restaurant spending rising 7.8% year over year. Mastercard expected holiday grocery spending to increase nearly 4% while restaurant spending was expected to climb just 5.4%, according to its September report. “Retailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,” said Steve Sadove, senior advisor for Mastercard. “Ultimately it was about getting the most bang for your buck as consumers spent on a variety of goods and services, resurfacing spending trends from before the pandemic.” E-commerce continued to show strong growth, rising 6.3% year-over-year, slightly below its September forecast of 6.7%. Mastercard isn't the only entity tracking holiday spending, and over the coming days and weeks other economic data watchers will be coming out with their own numbers. The National Retail Federation, for example, forecast 2023 holiday spending to rise between 3% and 4% year-over-year to between $957.3 billion and $966.6 billion. "Consumers remain in the driver’s seat, and are resilient despite headwinds of inflation, higher gas prices, stringent credit conditions and elevated interest rates,” NRF Chief Economist Jack Kleinhenz said at the time. “We expect spending to continue through the end of the year on a range of items and experiences, but at a slower pace." Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/retailers/2023-holiday-sales-figures-present-mixed-bag-for-retailers)
You may not believe it if you had to stand in line to get some last-minute shopping done, but 2023 holiday retail sales failed to meet some expectations despite positive growth over last season. U.S. holiday retail sales (minus auto sales) rose 3.1% year-over-year in the period between Nov. 1 and Dec. 24, according to payment processor Mastercard (MA) - Get Free Report. Related: Stock Market Today: Santa Claus rally has S&P 500 eyeing record “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Despite Mastercard's optimistic tone, the 3.1% increase is lighter than the 3.7% growth the company forecast for the holiday season in September. At the time, Mastercard said it expected personalized promotions to sway a more "selective and value-focused" consumer. But overall, spending growth in 2023 less than half of last year's 7.6% growth. Apparel was a hot gift item this holiday season. Americans seemed willing to spend on apparel this holiday season — the segment saw a 2.4% increase in sales — though they weren't willing to splurge on jewelry (2% decline). Electronics also saw a modest decline (0.4%) while people spent more on eating in (groceries saw a 2.1% increase) as well as eating out with restaurant spending rising 7.8% year over year. Mastercard expected holiday grocery spending to increase nearly 4% while restaurant spending was expected to climb just 5.4%, according to its September report. “Retailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,” said Steve Sadove, senior advisor for Mastercard. “Ultimately it was about getting the most bang for your buck as consumers spent on a variety of goods and services, resurfacing spending trends from before the pandemic.” E-commerce continued to show strong growth, rising 6.3% year-over-year, slightly below its September forecast of 6.7%. Mastercard isn't the only entity tracking holiday spending, and over the coming days and weeks other economic data watchers will be coming out with their own numbers. The National Retail Federation, for example, forecast 2023 holiday spending to rise between 3% and 4% year-over-year to between $957.3 billion and $966.6 billion. "Consumers remain in the driver’s seat, and are resilient despite headwinds of inflation, higher gas prices, stringent credit conditions and elevated interest rates,” NRF Chief Economist Jack Kleinhenz said at the time. “We expect spending to continue through the end of the year on a range of items and experiences, but at a slower pace." Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/retailers/2023-holiday-sales-figures-present-mixed-bag-for-retailers)
TheStreet
2023 holiday sales figures present a mixed bag for retailers
Holiday sales grew at less than half the rate they grew in 2022.
2023 holiday sales fail to meet expectations
You may not believe it if you had to stand in line to get some last-minute shopping done, but 2023 holiday retail sales failed to meet some expectations despite positive growth over last season. U.S. holiday retail sales (minus auto sales) rose 3.1% year-over-year in the period between Nov. 1 and Dec. 24, according to payment processor Mastercard (MA) - Get Free Report. Related: Stock Market Today: Santa Claus rally has S&P 500 eyeing record “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Despite Mastercard's optimistic tone, the 3.1% increase is lighter than the 3.7% growth the company forecast for the holiday season in September. At the time, Mastercard said it expected personalized promotions to sway a more "selective and value-focused" consumer. But overall, spending growth in 2023 less than half of last year's 7.6% growth. Apparel was a hot gift item this holiday season. Americans seemed willing to spend on apparel this holiday season — the segment saw a 2.4% increase in sales — though they weren't willing to splurge on jewelry (2% decline). Electronics also saw a modest decline (0.4%) while people spent more on eating in (groceries saw a 2.1% increase) as well as eating out with restaurant spending rising 7.8% year over year. Mastercard expected holiday grocery spending to increase nearly 4% while restaurant spending was expected to climb just 5.4%, according to its September report. “Retailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,” said Steve Sadove, senior advisor for Mastercard. “Ultimately it was about getting the most bang for your buck as consumers spent on a variety of goods and services, resurfacing spending trends from before the pandemic.” E-commerce continued to show strong growth, rising 6.3% year-over-year, slightly below its September forecast of 6.7%. Mastercard isn't the only entity tracking holiday spending, and over the coming days and weeks other economic data watchers will be coming out with their own numbers. The National Retail Federation, for example, forecast 2023 holiday spending to rise between 3% and 4% year-over-year to between $957.3 billion and $966.6 billion. "Consumers remain in the driver’s seat, and are resilient despite headwinds of inflation, higher gas prices, stringent credit conditions and elevated interest rates,” NRF Chief Economist Jack Kleinhenz said at the time. “We expect spending to continue through the end of the year on a range of items and experiences, but at a slower pace." Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
Read more...
You may not believe it if you had to stand in line to get some last-minute shopping done, but 2023 holiday retail sales failed to meet some expectations despite positive growth over last season. U.S. holiday retail sales (minus auto sales) rose 3.1% year-over-year in the period between Nov. 1 and Dec. 24, according to payment processor Mastercard (MA) - Get Free Report. Related: Stock Market Today: Santa Claus rally has S&P 500 eyeing record “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Despite Mastercard's optimistic tone, the 3.1% increase is lighter than the 3.7% growth the company forecast for the holiday season in September. At the time, Mastercard said it expected personalized promotions to sway a more "selective and value-focused" consumer. But overall, spending growth in 2023 less than half of last year's 7.6% growth. Apparel was a hot gift item this holiday season. Americans seemed willing to spend on apparel this holiday season — the segment saw a 2.4% increase in sales — though they weren't willing to splurge on jewelry (2% decline). Electronics also saw a modest decline (0.4%) while people spent more on eating in (groceries saw a 2.1% increase) as well as eating out with restaurant spending rising 7.8% year over year. Mastercard expected holiday grocery spending to increase nearly 4% while restaurant spending was expected to climb just 5.4%, according to its September report. “Retailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,” said Steve Sadove, senior advisor for Mastercard. “Ultimately it was about getting the most bang for your buck as consumers spent on a variety of goods and services, resurfacing spending trends from before the pandemic.” E-commerce continued to show strong growth, rising 6.3% year-over-year, slightly below its September forecast of 6.7%. Mastercard isn't the only entity tracking holiday spending, and over the coming days and weeks other economic data watchers will be coming out with their own numbers. The National Retail Federation, for example, forecast 2023 holiday spending to rise between 3% and 4% year-over-year to between $957.3 billion and $966.6 billion. "Consumers remain in the driver’s seat, and are resilient despite headwinds of inflation, higher gas prices, stringent credit conditions and elevated interest rates,” NRF Chief Economist Jack Kleinhenz said at the time. “We expect spending to continue through the end of the year on a range of items and experiences, but at a slower pace." Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
Read more...
TheStreet
2023 holiday sales figures present a mixed bag for retailers
Holiday sales grew at less than half the rate they grew in 2022.
*Retro Gaming Watch is like a mini Game Boy SP you wear on your wrist (crowdfunding)*
We’ve seen retro consoles that are tiny enough to put on a keychain. But the Retro Gaming Watch is a tiny game console you can wear on your wrist and use as a watch when you’re not playing games on it. But you can also flip up the screen to reveal a mini game console […] The post Retro Gaming Watch is like a mini Game Boy SP you wear on your wrist (crowdfunding) appeared first on Liliputing.
[Read more...](https://liliputing.com/retro-gaming-watch-is-like-a-mini-game-boy-sp-you-wear-on-your-wrist-crowdfunding/)
We’ve seen retro consoles that are tiny enough to put on a keychain. But the Retro Gaming Watch is a tiny game console you can wear on your wrist and use as a watch when you’re not playing games on it. But you can also flip up the screen to reveal a mini game console […] The post Retro Gaming Watch is like a mini Game Boy SP you wear on your wrist (crowdfunding) appeared first on Liliputing.
[Read more...](https://liliputing.com/retro-gaming-watch-is-like-a-mini-game-boy-sp-you-wear-on-your-wrist-crowdfunding/)
*Brick-and-mortar retail remains strong despite inflationary pressures*
Brixmor Property Group owns and operates retail centers that include TJ Maxx, Kohl's, and Burlington. Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.Full Video Transcript Below: J.D. DURKIN: We cover the inflation as a pressure point, a potential pain point for a lot of these companies. How is it impacting Brixmor when you see inflation and the connection between the consumer and the pressure point the consumer is facing all the way to your role? JIM TAYLOR: Well, the consumer obviously has been struggling with it. We're very pleased, as I know everybody is, to see inflation begin to moderate, particularly if you've seen the recent durable goods data and more confidence overall that hopefully we'll have a soft landing, which, you know, we certainly haven't been expecting for the last several quarters. For us as a landlord, inflation obviously impacts what it costs us to reposition a box or what it costs us to put in new HVAC systems, et cetera. Fortunately, that's been offset by the growth in rent. And one of the things that we're benefiting from as an industry is that there's virtually been no new supply in the open air industry for several years because of that, bricks and mortar retail narrative is dead. It's been the best thing for the business. So as you look out not only today but for several years to come, you can't really see any new supply because it takes a long time to deliver, to lease up, build, et cetera, which I think puts retail landlords like Brixmor in a great position to continue to drive growth in rent. And that's what we've been doing. You know, we're setting records as it relates to rate and occupancy and leasing volume. So in that way, even with this bit of near-term disruption, we feel really good about how our business is positioned.
[Read more...](https://www.thestreet.com/video/brick-and-mortar-retail-remains-strong-despite-inflationary-pressures)
Brixmor Property Group owns and operates retail centers that include TJ Maxx, Kohl's, and Burlington. Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.Full Video Transcript Below: J.D. DURKIN: We cover the inflation as a pressure point, a potential pain point for a lot of these companies. How is it impacting Brixmor when you see inflation and the connection between the consumer and the pressure point the consumer is facing all the way to your role? JIM TAYLOR: Well, the consumer obviously has been struggling with it. We're very pleased, as I know everybody is, to see inflation begin to moderate, particularly if you've seen the recent durable goods data and more confidence overall that hopefully we'll have a soft landing, which, you know, we certainly haven't been expecting for the last several quarters. For us as a landlord, inflation obviously impacts what it costs us to reposition a box or what it costs us to put in new HVAC systems, et cetera. Fortunately, that's been offset by the growth in rent. And one of the things that we're benefiting from as an industry is that there's virtually been no new supply in the open air industry for several years because of that, bricks and mortar retail narrative is dead. It's been the best thing for the business. So as you look out not only today but for several years to come, you can't really see any new supply because it takes a long time to deliver, to lease up, build, et cetera, which I think puts retail landlords like Brixmor in a great position to continue to drive growth in rent. And that's what we've been doing. You know, we're setting records as it relates to rate and occupancy and leasing volume. So in that way, even with this bit of near-term disruption, we feel really good about how our business is positioned.
[Read more...](https://www.thestreet.com/video/brick-and-mortar-retail-remains-strong-despite-inflationary-pressures)
TheStreet
Brick-and-mortar retail remains strong despite inflationary pressures
Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.
Brick-and-mortar retail remains strong despite inflationary pressures
Brixmor Property Group owns and operates retail centers that include TJ Maxx, Kohl's, and Burlington. Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.Full Video Transcript Below: J.D. DURKIN: We cover the inflation as a pressure point, a potential pain point for a lot of these companies. How is it impacting Brixmor when you see inflation and the connection between the consumer and the pressure point the consumer is facing all the way to your role? JIM TAYLOR: Well, the consumer obviously has been struggling with it. We're very pleased, as I know everybody is, to see inflation begin to moderate, particularly if you've seen the recent durable goods data and more confidence overall that hopefully we'll have a soft landing, which, you know, we certainly haven't been expecting for the last several quarters. For us as a landlord, inflation obviously impacts what it costs us to reposition a box or what it costs us to put in new HVAC systems, et cetera. Fortunately, that's been offset by the growth in rent. And one of the things that we're benefiting from as an industry is that there's virtually been no new supply in the open air industry for several years because of that, bricks and mortar retail narrative is dead. It's been the best thing for the business. So as you look out not only today but for several years to come, you can't really see any new supply because it takes a long time to deliver, to lease up, build, et cetera, which I think puts retail landlords like Brixmor in a great position to continue to drive growth in rent. And that's what we've been doing. You know, we're setting records as it relates to rate and occupancy and leasing volume. So in that way, even with this bit of near-term disruption, we feel really good about how our business is positioned.
Read more...
Brixmor Property Group owns and operates retail centers that include TJ Maxx, Kohl's, and Burlington. Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.Full Video Transcript Below: J.D. DURKIN: We cover the inflation as a pressure point, a potential pain point for a lot of these companies. How is it impacting Brixmor when you see inflation and the connection between the consumer and the pressure point the consumer is facing all the way to your role? JIM TAYLOR: Well, the consumer obviously has been struggling with it. We're very pleased, as I know everybody is, to see inflation begin to moderate, particularly if you've seen the recent durable goods data and more confidence overall that hopefully we'll have a soft landing, which, you know, we certainly haven't been expecting for the last several quarters. For us as a landlord, inflation obviously impacts what it costs us to reposition a box or what it costs us to put in new HVAC systems, et cetera. Fortunately, that's been offset by the growth in rent. And one of the things that we're benefiting from as an industry is that there's virtually been no new supply in the open air industry for several years because of that, bricks and mortar retail narrative is dead. It's been the best thing for the business. So as you look out not only today but for several years to come, you can't really see any new supply because it takes a long time to deliver, to lease up, build, et cetera, which I think puts retail landlords like Brixmor in a great position to continue to drive growth in rent. And that's what we've been doing. You know, we're setting records as it relates to rate and occupancy and leasing volume. So in that way, even with this bit of near-term disruption, we feel really good about how our business is positioned.
Read more...
TheStreet
Brick-and-mortar retail remains strong despite inflationary pressures
Jim Taylor, the CEO of Brixmor Property Group, joined TheStreet to discuss how inflation is impacting brick-and-mortar retail.
*My stepbrother’s neighbor dug a 4-foot hole and hit a sewer line on Christmas Eve*
submitted by /u/theworldtonight to r/Wellthatsucks [link] [comments]
[Read more...](https://www.reddit.com/r/Wellthatsucks/comments/18quuyz/my_stepbrothers_neighbor_dug_a_4foot_hole_and_hit/)
submitted by /u/theworldtonight to r/Wellthatsucks [link] [comments]
[Read more...](https://www.reddit.com/r/Wellthatsucks/comments/18quuyz/my_stepbrothers_neighbor_dug_a_4foot_hole_and_hit/)
Reddit
From the Wellthatsucks community on Reddit: My stepbrother’s neighbor dug a 4-foot hole and hit a sewer line on Christmas Eve
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