Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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How robots are helping address the fast-food labor shortage

Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens. Using artificial intelligence, computer vision technology and a mechanical arm, Miso Robotics’ Flippy 2 has been deployed to Chipotle, White Castle and Wing Zone. White Castle said it plans to add 100 Flippy robots to work the fry station at its restaurants nationwide.  “The tide has turned, this is no longer a question of are robotics coming to the industry,” said Jake Brewer, chief strategy officer at Miso…

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Jim Cramer picks his favorite travel, restaurant, live entertainment and gym stocks

CNBC’s Jim Cramer on Tuesday gave investors a list of stocks he believes fit Americans’ spending habits after navigating the Covid pandemic for the last three years. “The biggest theme is the rise of this ‘life is too short’ mentality. People don’t want to waste their time anymore,” he said. More specifically, investors should eye travel, restaurant, live entertainment and gym stocks, according to Cramer. Here are his picks: Travel Delta Air Lines, American Airlines and United Airlines “Just be careful and stick to the ones with good execution, meaning…

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Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, trades, Emerson Electric

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stick with Wells Fargo Initiating CAT, selling SBUX Buy Emerson Electric 1. Stick with Wells Fargo Jeffries and Piper Sandler on Tuesday both downgraded Wells Fargo (WFC) to the equivalent of a hold, citing concerns over the bank’s lower-than-expected forecast for net interest income in 2023. Wells Fargo reported fourth-quarter results on Friday. However, we disagree with the downgrades because they don’t account for the…

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5 things to know before the stock market opens Thursday

Traders on the floor of the NYSE, Jan. 5, 2023. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. It’s CPI day Thursday morning’s consumer price index report will provide the latest indication of whether the Federal Reserve’s war on inflation is having any success. But, as CNBC’s Patti Domm points out, even if the December CPI is negative month over month, as is expected, it doesn’t mean the Fed is going to ease off its rate hike plan since year…

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Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week

Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days by the end of the month. Starting Jan. 30, employees within commuting distance will be required to report to the coffee giant’s Seattle headquarters on Tuesdays, Wednesdays and a third day decided on by their teams. The memo didn’t specify what qualified as commuting distance. Workers closer to regional offices will also be required to come in three days a week, although the specific days aren’t mandated. The coffee giant’s corporate…

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Some restaurant workers could see big wage growth in 2023

Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike their minimum wage this year, but some restaurant workers could see even bigger gains in 2023. California’s state minimum wage rose to $15.50 an hour on Jan. 1, but depending on the results of an ongoing court battle, fast-food workers in the state could find themselves earning as much as $22 an hour this year. And industry lobbyists say…

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As investors shift focus from inflation to growth, Club stocks with China exposure stand to gain

As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth. Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year. Now, those higher rates are fueling fears of a recession in the U.S. But the deepening U.S. economic slowdown comes just as China has moved to abandon its zero-Covid policy and reopen its economy after 3 years. While the U.S. has been forced to rein in its economy due to multi-decade-high inflation, China – the…

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China’s plans to scrap Covid quarantine rules is a win for key Club holdings

China’s latest move to roll back its zero-Covid policy by scrapping quarantine restrictions for international travelers is the last leg of recovery we’ve been waiting for to help bolster Club holdings that have been weighed down by three years of stringent pandemic rules. Club names with significant China exposure were trading higher on the news Tuesday. Casino giant Wynn Resorts (WYNN) climbed more than 5%, cosmetics firm Estee Lauder (EL) rose more than 3% and industrial giant Honeywell (HON) ticked up 0.54% in midday trading. Wynn’s 2 properties in the…

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