Market Watch

Here is what rising prices mean for your Thanksgiving New York CNN — Trader Joe’s asked its customers a simple question: If you were to spend the rest of your life on a deserted island, which nine Trader Joe’s products would you take with you? More than 18,000 customers responded to its 14th annual survey ranking the grocery store’s most popular items in nine different categories. There were some caveats this year: Gone from the running were five products that have won many times in the past (think Mandarin Orange Chicken and dark chocolate peanut butter cups), and instead are featured in its Product Hall of Fame . The first Trader Joe’s opened in Pasadena, California, in 1967. Its founder Joe Coulombe (yes, Joe was a real guy), was a convenience store owner who wanted to open a grocery chain to appeal to a niche market of well-educated, well-traveled consumers. The idea led him to create a cult-favorite grocery empire. Here are the products customers voted their favorites, in categories from cheese to entrees. Top Overall Chili & Lime Flavored Rolled Tortilla Chips, spicy corn chips, swept the competition this year, taking home the top prize. Runners-up included the […]

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HCLTech, HCL Technology company HCLTech on Thursday announced that global toy manufacturer Mattel Inc. has selected it as primary digital transformation partner for the next several years. HCLTech will drive transformation across Mattel’s global technology landscape cutting across applications, infrastructure and information security domains. The IT major will support Mattel’s future direction and continued digital transformation journey, the company said. “With operations in more than 35 locations around the world, it is vital to have an IT services partner that can match our scale and adjust for our growth as an IP-driven, high-performing toy company,” said Sven Gerjets, Chief Technology Officer at Mattel. He added that “due to their extensive experience in modernizing large enterprises across sectors and around the world, HCLTech is the right partner at the right time for Mattel.” India’s third largest IT services firm HCLTech has reported a strong quarter with a net profit of Rs 4,096 crore for Q3 FY 23, an increase of 18.8 per cent compared to the same period last year against a weak global macroeconomic environment. “We’re excited to partner with Mattel to help them move to a product IT operating model,” said Anand Birje, President of Digital Business at […]

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The Economic Times has partnered with the NASSCOM Center of Excellence IoT & AI and India SME Accelerator Network to curate a six-week digital transformation program for SMEs in the manufacturing sector. The six-week participation-by-invite program has global experts with decades of success in transforming manufacturing operations into smart factories as instructors. Each expert and their topic of teaching is carefully selected to ensure maximum value to participants to leverage deep understanding and insights on the advanced technologies of Artificial Intelligence (AI), the Internet of Things (IoT), and Augmented Reality (AR) to deliver maximum value. Each expert has a track record of transforming businesses and will coach participants over six weeks to transform their manufacturing operations to unleash growth. The course content will accelerate participating enterprises to prepare for the next wave of transformation, i.e., Industry 4.0, also known as the Fourth Industrial Revolution. The course is invaluable because there is no course to address this need for SMEs. We curated the course content to accelerate SMEs with ambitions to be Industry 4.0 compliant. The process for selection is simple – Register here. Our evaluation team will review your submitted details to confirm fitment for the workshop and, depending […]

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FactSet , a global financial digital platform and enterprise solutions provider, today announced that it has been selected as the primary market data provider for BMO’s Wealth Management division . FactSet is deploying its modern, flexible Advisor Workstation to BMO Wealth Management professionals across Canada “to support its digital transformation objectives.” The implementation “equips advisors with FactSet’s industry-leading content and analytics within a comprehensive and intuitive web-based interface that enhances BMO Wealth Management’s broader technology ecosystem to drive advisor productivity and client engagement efforts.” The expanded relationship with BMO “represents another significant win in the wealth management sector, and confirms FactSet’s strategy to deliver flexible, robust, and differentiated solutions that power our clients’ digital transformation journeys across their wealth enterprise.” Goran Skoko , Executive Vice President, Head of Research and Advisory Solutions at FactSet, said : “Our collaboration with BMO demonstrates how FactSet’s solutions enable enterprise-wide digital transformation and reinforces our commitment to the Canadian market. We are thrilled to work with BMO, who is committed to implementing new technologies that will enhance communication, efficiency, and the advisor experience, and drive improved customer outcomes.” Bruce Ferman , Chief Operations Officer, BMO Private Wealth, said: “We are pleased to work […]

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Participants in FTA’s second listening session, held in San Francisco in January 2023 USDOT and FTA are committed to working with federal, state, and local community partners to combat discrimination and hate in all forms. Everyone should be able to ride a bus, take the subway, or simply walk down the street free from the fear of harassment and violence. FTA is supporting the implementation of USDOT’s Agency Action Plan to advance equity, justice and opportunity for Asian Americans, Native Hawaiians and Pacific Islanders (AA and NHPI) in response to Executive Order 14031 . Together, we are working to help AA and NHPI communities overcome the systemic barriers and persistent disparities they face – and expand access to economic opportunity for these communities. Listening Sessions The Office of the Secretary and FTA are co-hosting a series of transit listening sessions with AA and NHPI community organizations throughout the nation. Input from diverse stakeholder groups will be used to improve FTA’s work, programs, communications, and technical assistance to better meet industry needs while also achieving FTA’s goals and priorities. The input and ideas received from the Asian American, Native Hawaiian and Pacific Islander communities will help DOT, FTA, and transit […]

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While the overall stock market direction so far this year remains up, the path ahead still presents plenty of potential headwinds. Inflation has yet to be properly tamed, the geopolitical map remains uncertain with Russia’s invasion of Ukraine still ongoing and Covid variants could reappear at any time. Add in the prospect for a fiery battle in Congress around raising the debt ceiling, and Oppenheimer’s Chief Investment Strategist John Stoltzfus thinks market volatility is “unlikely to leave the landscape.” However, these should not act as deterrents for stock investing, with Stoltzfus noting “there never is ‘an all clear signal’ sounded over the markets.” “Experience tells us that with opportunity comes risk and with risk comes opportunity whether in everyday life, businesses on Main Street, or in the Canyons of Wall Street,” he went to say, before championing “diversification.” With that idea in mind, let’s take a look at two stocks that Stoltzfus’ analyst colleagues at the banking firm believe make sound investment choices right now. In fact, one of them, according to the analysts, could surge as much as 170% over the next 12 months. Let’s take a closer look. Icosavax, Inc. ( ICVX ) The first name we’ll […]

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Accenture Song’s Jaime Bloom and Kevin Ellenwood on the need for government services to be simple, intuitive, and trustworthy Jaime Bloom and Kevin Ellenwood are Accenture Song (formerly Accenture Interactive) managing directors serving public sector client needs. The pandemic hastened the development of ‘digital government,’ including an expansion of remote/hybrid workforces and online services. There is now tremendous opportunity for many government organisations, including national, state, and local agencies, to more effectively listen, communicate, and co-create with the people and groups being served as part of a new era of more responsive, innovative public services. We know from recent research that people want government services to be simple, intuitive, and trustworthy. Nearly two-thirds of US respondents earlier this year said accessing public services is frustrating, and they prioritised ‘ease of use’ and ‘more confidence in data security and privacy’ when asked what would make them more likely to use government digital services. At the same time, more than one-third (36%) said they prefer in-person services, and one-in-five lacks high-speed Internet access at home. Nevertheless, whether services are accessed online, in-person or via telephone or mail, digital tools encompassing data analytics, sentiment monitoring and collaborative capabilities are now widely available […]

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Jarridd Herrmann auctions off cattle on Thursday, Jan. 26, 2023, at the Mitchell Livestock Auction. MITCHELL — Jarridd Herrmann is no stranger to the cattle industry. Growing up in Dodge City, Kansas, Herrmann learned the ropes of farming and tending to his family’s 65,000-head livestock feedlot. While his agriculture roots began in the south, they have sprouted north to South Dakota. In late August, Herrmann and his wife, Patrice Herrmann, bought Mitchell Livestock — a well-known sale barn that’s been an Upper Midwest staple. “It’s a nice community. There is a ton of opportunity here,” Herrmann said of the Mitchell area. “We’re selling the best of the best right here.” The Mitchell sale barn changed hands from former owners Don Stang and Marion Rus who sold the business to the Herrmanns. Stang and Rus guided Mitchell Livestock for over a decade, but the duo was ready to hand over the reins to a young new crop of owners. Jarridd Herrmann auctions off cattle on Thursday, Jan. 26, 2023, at the Mitchell Livestock Auction. The purchase of Mitchell Livestock added a second livestock sale barn for the Herrmanns, who own a sale barn in Cherokee, Oklahoma. Although his Oklahoma sale […]

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Representative Image. Credit: Getty Images Pakistan’s multiple crises are worsening by the day. On the internal security front, the Tehreek-e-Taliban Pakistan (TTP), which pulled out of the ceasefire with the government late last year, has escalated attacks on civilians and security forces. The situation in Khyber Pakhtunkhwa and Balochistan provinces is dire. Meanwhile, relations with the Taliban regime continue to fray; Afghanistan’s new rulers, once proteges of Pakistan’s ISI, are refusing to toe Pakistan’s line and have shown no inclination to rein in the TTP or oust it from its sanctuaries on Afghan soil. Meanwhile, the Pakistani economy is in a state of free fall. Forex reserves are haemorrhaging; they dropped to a meagre $3.68 billion on January 20. Early this week, Pakistani cities reeled under a nationwide power outage, paralysing daily life and shutting down an already-sick economy. Although Pakistan has enough installed power generation capacity, it lacks resources to run its power plants as the sector is in deep debt. Check out DH’s latest videos Some of the power infrastructure was built as part of the China-Pakistan Economic Corridor (CPEC) but the projects did not come cheap. Consequently, even as CPEC has improved Pakistan’s infrastructure, it has […]

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Eligible rural local governments can now apply for funding Tallahassee, FL – Today, the Florida Department of Economic Opportunity (DEO) announced more than $18 million in funding available for Florida rural communities through the Rural Infrastructure Fund (RIF). The program facilitates the planning, preparing, and financing of infrastructure projects in rural communities to encourage job creation, capital investment, and the strengthening and diversification of rural economies. Applications will be accepted through Monday, March 13, 2023, and additional information is available on the Rural Infrastructure Fund webpage . “Under Governor DeSantis’ leadership, DEO is proud to support continued historic investments in Florida’s rural communities through the Rural Infrastructure Fund.” said DEO Acting Secretary Meredith Ivey. “Eligible communities are encouraged to apply for funding to support infrastructure projects that will have positive, long-term impacts on their residents, businesses, and local economies.” Grant funding in the amount of $18 million is now available to rural communities through a second application cycle. During Fiscal Year 2022-2023, Governor DeSantis has awarded more than $12 million to 17 communities through RIF as part of his commitment to the success of Florida’s rural communities. Governor DeSantis awarded $4.9 million in infrastructure investments to eight rural Northwest […]

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