Wall Street analysts pick safe-haven consumer stocks

The state of consumer spending in the US is tricky to call right now. On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported Friday … Read more

Global companies poised for more buybacks

Share buybacks are on the rise, according to Goldman Sachs, with the investment bank naming a raft of European companies that it thinks are ready to accelerate the pace of shareholder returns. Share buybacks, also known as share repurchases, are when a company buys back its own shares from the stock market. This boosts the … Read more

People are leaving Hong Kong and here’s where they’re going

They stuck it out during the 2019 political protests. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 – not because they want to, several told CNBC, but because Covid restrictions and what they see … Read more

Bernstein says these global stock picks will outperform — even as inflation fears grow

Bernstein has a raft of global stock picks to navigate higher-for-longer inflation.

Nestle CEO open to doing a ‘big deal’ after cutting L’Oreal stake

The CEO of Swiss food and beverage giant Nestle has said it would be open to doing a “big deal” as it reasserts its growth strategy after cutting its stake in French cosmetics business L’Oreal. Mark Schneider, CEO of the company responsible for household brands including Nescafe and Kit Kat, told CNBC that while it … Read more

Bank of America names some top contrarian stocks to buy right now

Bank of America screened for stocks that are sustainable, are liked by the bank – but not other analysts.

Earnings playbook: Your guide to the global companies reporting this week including BP and Unilever

Analysts expect some of Europe’s biggest companies to report forecast-beating earnings this week.