Intel: Dividend Blow

Intel Headquarters


Shares of Intel (NASDAQ:INTC) are as soon as once more buying and selling close to 1-year lows after the chip maker reported final week that it was gutting its dividend. The dividend minimize follows final month’s earnings launch which confirmed that Intel’s Consumer Computing Group, which

Knowledge by YCharts
Source: Intel

Supply: Intel

Source: Intel

Supply: Intel

Source: Gartner

Supply: Gartner

Knowledge by YCharts
Knowledge by YCharts

Excessive Liner Meals, Inc. (HLNFF) This fall 2022 Earnings Name Transcript

Excessive Liner Meals, Inc. (OTCPK:HLNFF) This fall 2022 Earnings Convention Name February 23, 2023 10:00 AM ET

Firm Individuals

Kimberly Stephens – VP, Finance

Rodney Hepponstall – President, CEO & Director

Anthony Rasetta – Chief Industrial Officer

Paul Jewer – EVP & CFO

Convention Name Individuals

Kyle McPhee – Cormark Securities

Sabahat Khan – RBC Capital Markets


Good morning, girls and gents. Thanks for standing by. Welcome to the Excessive Liner Meals Integrated Convention Name for outcomes of the Fourth Quarter and 2022. [Operator Instructions]. This convention is being recorded in the present day, Thursday, February 23, 2023, at 10:00 a.m. Japanese Time for replay functions.

I’d now like to show the decision over to Kimberly Stephens, Vice President of Finance for Excessive Liner Meals. Please go forward.

Kimberly Stephens

Good morning, everybody. Thanks for becoming a member of the Excessive Liner Meals convention name in the present day to debate our monetary outcomes for the fourth quarter of 2022. On the decision from Excessive Liner Meals are Rod Hepponstall, President and Chief Govt Officer; Anthony Rasetta, Chief Industrial Officer; and Paul Jewer, Govt Vice President and Chief Monetary Officer.

I wish to remind listeners that we use sure non-IFRS measures and ratios when discussing our monetary outcomes as we consider these are helpful in assessing the corporate’s monetary efficiency. These measures are absolutely described and reconciled to IFRS measures in our MD&A. Listeners are additionally reminded that sure statements made on in the present day’s name could also be forward-looking statements which are topic to dangers and uncertainties. Administration could use forward-looking statements when discussing the corporate’s technique and enterprise sooner or later. Precise working or monetary outcomes may differ materially from these anticipated in these forward-looking statements.

Excessive Liner Meals features a thorough dialogue of the chance components that may trigger its anticipated outcomes to vary from

Arrival: Up To 74% Dilution

electric bus at the charging station


Shares in struggling electrical car startup Arrival (NASDAQ:ARVL) jumped over 15% in early Tuesday buying and selling after the corporate introduced a small $50M capital elevate, after issuing a going concern warning with Q3 outcomes final November. Nonetheless, the phrasesrevenues

Financial Report: U.S. jobless claims keep firmly beneath 200,000 for sixth straight week

A earlier model of this report included an incorrect date. The week for claims ended Feb. 18.

The numbers: Preliminary jobless claims fell by 3,000 to 192,000 within the week ending Feb. 18, the Labor Division stated Thursday. That’s the sixth straight week beneath 200,000, which is a sign of a powerful labor market, and the bottom stage in three weeks.

Economists polled by The Wall Road Journal had estimated new claims would rise 3,000 to 197,000.

Final week claims had been unchanged at 195,000. That in contrast with the preliminary estimate of a decline of 1,000 to 194,000.

Key particulars: The variety of folks already accumulating jobless advantages fell by 37,000 to 1.65 million. That quantity has been slowly trending greater since final Could, when it hit 1.31 million.

Massive image: Preliminary jobless claims have been very low regardless of some well-publicized layoffs.

“The pattern proper now’s low and flat however we count on claims to rise sharply within the spring, lagging the surge in layoff bulletins,” stated Ian Shepherdson, chief economist at Pantheon, forward of the information.

Wanting forward: “We count on jobless claims to pattern greater because the economic system slows in response and ultimately enters a light recession later this yr. However the rise could also be muted in comparison with prior recessions as employers can be reluctant to put off employees which have been tough to search out within the first place,” stated Nancy Vanden Houten, lead U.S. economist at Oxford Economics.

Market response: Shares DJIA, +0.33% SPX, +0.53% had been set to open greater on Thursday. The yield on the 10-year Treasury notice TMUBMUSD10Y, 3.871% rose to three.96% on discuss of a extra aggressive Fed.

The Wall Avenue Journal: Biden administration weighs going public with intelligence behind assertion that China is contemplating arms for Russia

U.S. Secretary of State Antony Blinken disembarks upon touchdown in Ankara, Turkey, on Sunday.

adem altan/Agence France-Presse/Getty Photographs

The Biden administration is contemplating releasing intelligence it believes exhibits that China is weighing whether or not to provide weapons to assist Russia’s conflict in Ukraine, U.S. officers stated.

The discussions on public disclosure come forward of Friday’s United Nations Safety Council assembly marking one yr since Russia invaded Ukraine. It follows various closed-door appeals to China — coordinated amongst North Atlantic Treaty Group allies — that culminated in a proper warning delivered over the weekend in Munich to Wang Yi, China’s senior foreign-policy official, by various Western officers, together with Secretary of State Antony Blinken and British International Secretary James Cleverly.

EDI: Rising Markets Provide Alternative For The Danger-Tolerant In Excessive-Yield Mounted Earnings

BRICS economy and policies concept : Flags of BRICS or group of five major emerging national economy i.e Brazil, Russia, India, China, South Africa. BRICS members are all leading developing countries.


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Bitcoin: Is The CPI Report Bearish For The Crypto Forecast?

Umbrella protects Bitcoin icon from rain

atakan/iStock through Getty Photos


Bitcoin (BTC-USD) may very well be establishing for one more bull run, even within the face of a hotter-than-expected January CPI report. To date, there may be little proof to assert that prime inflation is unhealthy (or good) for Bitcoin. I as a substitute look

CPI vs Fed Funds Rate


Bitcoin up and Dow down after January CPI

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How The Commerce Desk Might Increase A Profitable Retirement

Senior man enjoying relaxing in swimming pool


The Scariest Story Ever Advised

I am an enormous fan of horror motion pictures. There are few higher methods to spend a night than on the sofa with my spouse, canines, some popcorn, and flick. However no paranormal hunt, thriller, or psychological drama in comparison with

The Scores Sport: Norfolk Southern is within the highlight after Ohio derailment catastrophe. What does it imply for the provider’s inventory?

Norfolk Southern Corp. is within the highlight amid the fallout from the derailment of a practice carrying hazardous supplies on the outskirts of East Palestine, Ohio, earlier this month. 

Nobody was killed or injured within the derailment of about 50 vehicles, which despatched flames and black smoke billowing into the sky, though native residents are in search of solutions concerning the well being results of the poisonous chemical substances that had been spilled or burned off within the catastrophe.

Norfolk Southern’s NSC, -0.81% inventory fell 0.9% Thursday, whereas the S&P 500 SPX, -0.28% declined 0.5%. Because the Feb. three catastrophe, Norfolk Southern’s inventory has fallen 5.9%, outpacing the S&P 500’s decline of 0.21% over the identical interval.

The derailment will possible pressure Norfolk Southern to name out a “noteworthy” particular cost when it experiences first-quarter ends in April, in line with Cowen analyst Jason Seidl. “Whereas the severity of the derailment earlier this month continues to be unclear, if historical past is a information, the unlucky occasion could not have a lot long-term impression on the rail provider’s share,” he wrote in a word this week. “Therefore, we’d view any noteworthy pullback a shopping for alternative.”

Cowen charges Norfolk Southern outperform.

Associated: Watch these rail shares in 2023, says Evercore

Of 30 analysts surveyed by FactSet, 9 have a purchase score, 19 have a maintain score and two have an underweight or promote score.

Native residents attending a town-hall assembly in East Palestine Wednesday known as for extra transparency from Norfolk Southern over the environmental impression of the catastrophe. Norfolk Southern skipped the assembly, citing security considerations for employees.

“We is not going to stroll away, East Palestine,” Norfolk Southern CEO Alan Shaw wrote in a letter to the neighborhood Thursday. “Our work is underway. Crews are cleansing the location completely, responsibly, and safely.”

Norfolk Southern advised MarketWatch that it has accomplished greater than 470 in-home air exams in cooperation with the U.S. Environmental Safety Company and different governmental businesses. The monitoring has not detected substances associated to the incident and doesn’t point out well being dangers, the corporate stated. The freight provider stated it has additionally applied an intensive out of doors air-monitoring program and is sampling the village’s drinking-water provide and distribution system together with non-public wells. The corporate has additionally distributed over $1.7 million in direct monetary help, it stated, and arrange a $1 million charitable fund for East Palestine.

On Wednesday, the Ohio Emergency Administration Company stated that new water-testing outcomes have been returned to the Ohio EPA. “These outcomes present no detection of contaminants in uncooked water from the 5 wells that feed into East Palestine’s municipal water system,” it stated. “Take a look at outcomes from the mixed, handled water from all 5 wells additionally confirmed no detection of contaminants related to the derailment.”

Associated: Low water ranges alongside Mississippi River current a aggressive alternative for railroads, says analyst

EPA Administrator Michael Regan is visiting East Palestine Thursday.

“I would like the residents of East Palestine to know that we perceive their fears and considerations,” he tweeted Wednesday. “That’s why @EPA has had boots on the bottom from day 1, main sturdy 24/7 air-quality testing and screening houses.”

“We’ll proceed our robust partnership with @GovMikeDeWine and the state of Ohio to guard the neighborhood,” he stated in a subsequent tweet. “We’re going to get by way of this collectively and we’re holding Norfolk Southern accountable.”

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Exterior the Field: This CEO says workers should work from house — and it’s higher for enterprise

I’ve real respect for Walt Disney DIS, -1.35% CEO Bob Iger and JPMorgan Chase JPM, -0.09% CEO Jamie Dimon, however I feel they’re flat-out flawed to insist that employees return to the workplace full time.

That is unhealthy for workers, and it’s unhealthy for enterprise. Firms thrive on belief and understanding. Edicts to get into the workplace or else in the end undermine everybody, from the highest down. Staff have mentioned they’d be keen to take a pay minimize to maintain working remotely, and executives concede that such flexibility has allowed them to reasonable wage development. 

The unplanned work-from-home experiment pressured by the COVID pandemic created new work norms and reshaped worker expectations.

Whereas the choice is, after all, an organization’s prerogative, it’s backward-looking relatively than forward-thinking. Survey after survey present that employees not solely need extra flexibility and fewer commuting, they demand it. Because it seems, the unplanned work-from-home experiment pressured by the COVID pandemic created new work norms and reshaped worker expectations. Few individuals who have since proved they will efficiently fulfill their work obligations from house embrace the prospect of being shoved again into cubicles.

What number of days within the workplace, which days, and who wants to indicate up at what time aren’t even the precise inquiries to be asking or the precise dialog to be having. In actual fact, it’s more durable to handle hybrid workers than ones who’re all in or all out.

As an alternative, we ought to be exploring learn how to assist workers thrive whereas working from anyplace, what communication instruments work greatest to communicate, and why so many executives are afraid of the autonomy that comes from letting their workers work at home. Out of sight doesn’t imply uncontrolled.

Work from anyplace

So how do executives function successfully in a work-from-anywhere world?  How do they open their hiring to the entire nation, or world even, and likewise open their minds to the concept that these are greatest practices?  

It begins with belief. Easy as that. Rent effectively, discover individuals who match with the prevailing ethos and have the required abilities and experiences to do the work. Create and run an amazing onboarding course of (our firm’s course of takes three months). Present all of the help vital up entrance. Then belief individuals to do the job they had been employed to do.

In the event that they show untrustworthy, honest sufficient; take care of that when it occurs. However should you’re mistrusting workers from the get-go, that’s a management or a hiring concern and never a work-from-anywhere one.

After all, this requires actual, and generally tough, conversations. There is no such thing as a hovering over work-from-anywhere employees (which requires some letting go of ego, which might be robust, too). Leaders need to know their firm’s wants, flip expectations into agreements and get buy-in in the course of the hiring course of. Don’t be afraid to speak about time allocation, the occasional want for additional hours or your organization’s core values. In any case, the important thing to valuing work from anyplace is within the phrase itself: work.

If the boss disappears every single day for a two-hour hike with the canine, why wouldn’t workers assume they’re entitled to do the identical?

Subsequent up is management and training and, frankly, main by instance. If the boss disappears every single day for a two-hour hike with the canine, why wouldn’t workers assume they’re entitled to do the identical? Staff see higher-ups touring and nonetheless checking in. Why wouldn’t they need that freedom for themselves?

These aren’t hypotheticals. The times of 1 algorithm for bosses and one other for everybody else is dated and, sure, uncool. Anybody who can do the work ought to have the ability to do it from wherever they please, so long as it really works for the corporate and the way in which individuals work collectively. 

With the precise communications methods in place, this may occur. Most workers nonetheless crave — and require — connection, which could occur by means of weekly workforce conferences, weekly one-on-ones with their workforce leaders and annual companywide gatherings, whether or not in individual or on Zoom. Some individuals would possibly speak every day, others weekly and nonetheless others solely on an as-needed foundation. Get your Slack channels going and put communication protocols in place. And until there’s an actual emergency, there ought to be no texting or emailing after a sure hour.

At my firm, Ninety, we now have simply over 100 workers, all working remotely. In the course of the hiring course of, we emphasize work-life steadiness and the expectation that workers give us a very good 40 to 50 hours weekly. We don’t monitor day without work and we coach workers about allocating their time neatly. We have now greater than 20 assembly varieties that assist preserve us all on the identical web page, together with weekly workforce conferences, weekly one-on-one conferences and quarterly firm conferences which might be non-compulsory however all the time effectively attended. We even have “lunch and study” get-togethers twice a month.

My firm has been 100% distant since its founding in 2017, and I imagine we’re much better than the common firm when it comes to our potential to recruit. Final 12 months, 93% of our job presents had been accepted. Up to now three years, we now have misplaced one individual we wished to maintain, and previously quarter, our senior management workforce took on 40 objectives and delivered on 39 of them. Over the previous 90 days, we grew 5% month over month, so we imagine our construction is working.

There’s no query that Iger and Dimon are good leaders and that they sincerely suppose employees will probably be extra artistic and extra dedicated in the event that they’re within the workplace. That may be true for some workers, however I’m betting it makes numerous them really feel distrusted, which breeds disloyalty. Furthermore, insistence on workplace time will price them nice individuals who would in any other case wish to work for them and might be prime contributors.

Additionally learn: Quiet quitters make up half of the U.S. workforce, ballot reveals.

Possibly the one upside to COVID is that the pandemic introduced the way forward for work to us 10 years early. We’d have gotten right here anyway. Working from anyplace has so many benefits for therefore many individuals: working mother and father, rural residents, anybody who lives an extended drive from that massive constructing the place they used to spend eight to 10 hours a day. Three years on, individuals have already got a way of the place they wish to work. Firms have to meet up with them and decide to this new age of labor.

Mark Abbott is the founding father of, a cloud-based enterprise working system.

Extra: Three perks companies can provide to draw — and preserve — good employees

Plus: What do distant employees do with their additional time? Lots of them do extra work.

Additionally: ‘We don’t wish to work for jerks’: A nasty boss can take a toll in your psychological well being. (It’s the equal of being in a foul marriage.)