The Dow, S&P, and the NASDAQ all about 2% from their highs. Savvita Subramanyan is the head of US equity and quantitative strategy at Bank of America securities and she joins us live this morning. Sevita, you were looking for a price target not much higher than where stocks are right here for the end of the year.But you do say there's upside risk to that. I do think so. I mean, look, I we're at a point that is frustrating because sentiment is not necessarily bearish or bullish based on all the things we loo ...

The Bureau of Labor Statistics’ data does more than capture monthly job growth and inflation pressures. It plays a crucial role in Americans’ financial lives. https://t.co/1gSTEUwJjl ...

Joining me right now at the Aspen Economic Strategy Group Forum, Neil Cash Carry is here. He's the president of course of the Minneapolis Fed. And there is so much to talk to you about.I don't even know uh where you want to start. Um but maybe we'd start with what's actually just happening even inside the Fed because there's a new opening and then there's all the talks about the Kevin and what that means. And I'm curious as somebody who's who's on that board what it feels like.Uh it's uncertain. I mean ther ...

Financial Data and Key Metrics Changes - The company has adjusted its full-year inflation assumption from 4% to 4.5% due to adverse weather conditions affecting crop yields, particularly in the UK [24][25] - The gross margin dropped in Q2, attributed to increased inflation and supply chain challenges [26] Business Line Data and Key Metrics Changes - The company reported a significant focus on cost competitiveness, leading to a reduction in SG&A expenses primarily driven by overheads rather than advertising and promotion [30][31] - Innovations and renovations are expected to contribute nearly double the sales compared to the previous year, with a focus on snacking and protein products [32][34] Market Data and Key Metrics Changes - The market in Q2 experienced a volume decline of approximately 5.5%, particularly in key regions like the UK, due to extreme weather conditions [16][22] - The company has gained market share in volume despite overall market underperformance in categories like fish and vegetables [9][10] Company Strategy and Development Direction - The company is adjusting its ERP implementation strategy to mitigate risks and improve inventory management [7][8] - There is a strong emphasis on innovation, with plans to enhance product offerings in response to changing consumer preferences and weather patterns [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current challenges and emphasized the importance of preparing for future weather-related impacts on sales [50][53] - The company is committed to maintaining flexibility in capital allocation, focusing on share buybacks and dividends while being cautious about M&A opportunities [55] Other Important Information - The company is exploring partnerships with startups to enhance its innovation pipeline and speed up product development [43][45] - There is a focus on optimizing the supply chain and reducing complexity within the operational network to improve cost efficiency [40][41] Q&A Session Summary Question: Confidence in full-year guidance - Management acknowledged past challenges with guidance and emphasized lessons learned from ERP implementation and inventory management [6][8] Question: Organic growth expectations for Q3 - Management indicated that while growth is expected in Q3, it is contingent on market conditions and weather patterns [17][19] Question: Inflationary pressures and pricing strategy - Management confirmed an increase in inflation assumptions and indicated plans to adjust pricing where feasible [24][26] Question: SG&A savings initiatives - Management detailed ongoing efforts to reduce overhead costs and improve cost competitiveness [30][31] Question: Innovation pipeline and future products - Management highlighted a significant increase in sales from innovation and renovation, with a focus on snacking and protein products [32][34] Question: Supply chain optimization and facility closures - Management discussed plans for supply chain optimization, including the closure of a smaller factory in the Nordics [40][41] Question: Long-term portfolio adjustments for climate change - Management addressed the need to adapt product offerings to changing weather patterns and consumer preferences [50][53] Question: Capital allocation priorities - Management confirmed ongoing share buybacks and dividends while maintaining flexibility for future opportunities [55]

Joining me right now at the Aspen Economic Strategy Group Forum, Neil Cash Carry is here. He's the president of course of the Minneapolis Fed. And there is so much to talk to you about.I don't even know uh where you want to start. Um but maybe we'd start with what's actually just happening even inside the Fed because there's a new opening and then there's all the talks about the Kevin and what that means. And I'm curious as somebody who's who's on that board what it feels like.Uh it's uncertain. I mean ther ...

Financial Data and Key Metrics Changes - The company has adjusted its full-year inflation assumption from 4% to 4.5% due to adverse weather conditions affecting crop yields, particularly in the UK [23][24] - There has been a noted drop in gross margin in Q2, attributed to increased inflation and weather-related challenges [24] Business Line Data and Key Metrics Changes - The company has seen a significant increase in innovation contributions to sales, with expectations for nearly double the previous year's contribution [32][34] - SG&A expenses have been reduced, primarily driven by overhead savings rather than advertising and promotion [30] Market Data and Key Metrics Changes - The market in Q2 experienced a volume decline of approximately 5.5%, particularly in key regions like the UK, which impacted sales [15][21] - The company has gained market share in volume despite overall market underperformance during the hot weather [9][10] Company Strategy and Development Direction - The company is focusing on enhancing its product assortment to better align with changing consumer preferences during hotter weather, including more natural and marinated fish options [51][54] - There is an emphasis on cost competitiveness and maintaining pricing strategies to recover from inflation while avoiding overpricing compared to competitors [30][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite disappointing first-half performance, citing a strong portfolio and effective strategy [60] - The company is preparing for potential future heat waves by adjusting product offerings and improving supply chain agility [54][51] Other Important Information - The company has conducted share buybacks amounting to €100 million in H1 and announced a dividend, indicating a commitment to returning value to shareholders [56] - The company is exploring partnerships with startups to enhance innovation and speed up product development [44][46] Q&A Session Summary Question: Confidence in full-year guidance after recent performance - Management acknowledged past optimism regarding ERP implementation and excess inventory issues, indicating a more cautious approach moving forward [5][6][8] Question: Organic growth expectations for Q3 and Q4 - Management clarified that while growth is expected in Q3, the overall guidance remains conservative due to market conditions [14][16] Question: Impact of ERP supply disruption on sales - Management confirmed that the ERP lag from the previous year will positively affect comparisons, but current market conditions remain challenging [19][20] Question: Inflationary pressures and pricing strategies for 2026 - Management indicated that pricing adjustments will be necessary to recover from inflation, with a focus on maintaining competitiveness [22][26] Question: SG&A savings and overhead expense reductions - Management detailed ongoing initiatives to reduce overhead costs while remaining competitive in pricing [30][31] Question: Innovation pipeline and future products - Management highlighted a significant increase in sales from innovation and renovation, with a focus on snacking and new product categories [32][34] Question: Supply chain optimization and facility closures - Management discussed plans for supply chain optimization, including the closure of a smaller factory in the Nordics [41][42] Question: Long-term strategies for dealing with climate change - Management emphasized the need for agility in product offerings to adapt to changing weather patterns and consumer preferences [49][54] Question: Capital allocation priorities - Management confirmed ongoing share buybacks and dividends while maintaining flexibility for future opportunities [56][57]

Ghana’s inflation rate fell more than expected in July, bolstering the case for further interest-rate cuts https://t.co/hqqT9L2APq ...

Core Viewpoint - Vista Gold Corp's flagship project Mt. Todd is positioned as an attractive investment opportunity in the gold development sector due to its large mineral reserves, positive economic outlook, and favorable development conditions [1] Group 1: Project Attributes - Mt. Todd has large mineral reserves, which is a critical factor for investors in gold development projects [1] - The project is located in a low-risk jurisdiction, enhancing its appeal to investors [1] - Accessible local infrastructure supports the development and operational efficiency of the project [1] - The project features a streamlined development pathway, indicating a clear route to production [1] - There are opportunities for expansion and exploration upside, which could further increase the project's value [1] Group 2: Market Context - The current trading price of Vista Gold Corp's stock presents a favorable entry point for investors [1] - The commodities sector, particularly precious metals and uranium, is expected to benefit from potential inflationary pressures in the long term [1]

The cost of food has risen faster than overall inflation in the last year. https://t.co/aaeaBSgDu0 https://t.co/aaeaBSgDu0 ...

Investment Opportunity - Forests are presented as a hedge against inflation [1] Asset Class - Forests are suggested as an investment option [1]