13 days ago
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Editor's note: This story is developing and will be updated.
Brian Monahan, the head of Albertsons' retail media division, has left the company, Albertsons confirmed to Grocery Dive on Monday.
Monahan served as senior vice president of Albertsons Media Collective for just over a year. Albertsons stated its retail media division will now report to Chief Marketing Officer Emily Turner.
Monahan's departure, which was first reported by Adweek, comes as Albertsons looks to remain a leader in retail media innovation and improve declining comparable-store sales.
#Media #grocery #monahan #division
Editor's note: This story is developing and will be updated.
Brian Monahan, the head of Albertsons' retail media division, has left the company, Albertsons confirmed to Grocery Dive on Monday.
Monahan served as senior vice president of Albertsons Media Collective for just over a year. Albertsons stated its retail media division will now report to Chief Marketing Officer Emily Turner.
Monahan's departure, which was first reported by Adweek, comes as Albertsons looks to remain a leader in retail media innovation and improve declining comparable-store sales.
#Media #grocery #monahan #division
1 month ago
Steel and materials markets fluctuated between rallies and pullbacks as the US-Canada trade relationship shifted from near agreement to open dispute. Nucor Corporation (NYSE:NUE) and Cleveland-Cliffs Inc. (NYSE:CLF) rose on August 25, after discussions between the two countries broke down, a turnaround from the week before, when several of the same stocks fell on hopes that a new deal would decrease steel and aluminum tariffs. The VanEck Steel ETF gained 1.6% on the day, while the State Street Materials Select Sector SPDR reached an intraday high. The rise didn't last: by the end of the week, the materials ETF had slipped to negative territory, while the steel ETF was about flat, though, both remain substantially up for 2026.
The volatility traces a rapid escalation. On August 19, Bloomberg reported that the US and Canada had tentatively agreed to reduce tariffs on Canadian steel and aluminum to 25% and vehicle charges to 15%. That optimism was dashed within days: on August 22, the US imposed 50% tariffs on a wide variety of Canadian exports, and Canadian Prime Minister Mark Carney responded by declaring Canada officially "at war" with the United States, saying "You're at war when you're attacked, and we got attacked."
On August 25, Ottawa announced counter-tariffs of C$27.6 billion on American goods, which took effect on September 8 at rates ranging from 15% to 50%. The dispute has continued to escalate since then, with Washington announcing additional restrictions and tariffs on Canadian goods in September, reinforcing the view that a quick resolution remains unlikely.
Atsi Sheth, Moody's chief credit officer, put it bluntly: "Expect much more of this uncertainty for some time to come." Investors initially welcomed tariffs as good news for US steelmakers facing less Canadian competition, but the back-and-forth negotiations, as well as Canada's reaction, have made predicting a steady outcome difficult.
The more intriguing story is how differently the aforementioned companies are positioned. Nucor Corporation (NYSE:NUE) relies primarily on scrap-based electric arc furnace steelmaking, while Cleveland-Cliffs Inc. (NYSE:CLF) operates a vertically integrated model with internally sourced iron ore, scrap and other raw materials. Both have meaningful domestic raw-material exposure, although their production models differ substantially. Nucor Corporation (NYSE:NUE) is up more than 50% year-to-date, while Cleveland-Cliffs Inc. (NYSE:CLF), despite similar structural insulation, remains negative for 2026, which **** ysts attribute to balance sheet stress rather than tariffs.
#august #nucor #corporation #cleveland
The volatility traces a rapid escalation. On August 19, Bloomberg reported that the US and Canada had tentatively agreed to reduce tariffs on Canadian steel and aluminum to 25% and vehicle charges to 15%. That optimism was dashed within days: on August 22, the US imposed 50% tariffs on a wide variety of Canadian exports, and Canadian Prime Minister Mark Carney responded by declaring Canada officially "at war" with the United States, saying "You're at war when you're attacked, and we got attacked."
On August 25, Ottawa announced counter-tariffs of C$27.6 billion on American goods, which took effect on September 8 at rates ranging from 15% to 50%. The dispute has continued to escalate since then, with Washington announcing additional restrictions and tariffs on Canadian goods in September, reinforcing the view that a quick resolution remains unlikely.
Atsi Sheth, Moody's chief credit officer, put it bluntly: "Expect much more of this uncertainty for some time to come." Investors initially welcomed tariffs as good news for US steelmakers facing less Canadian competition, but the back-and-forth negotiations, as well as Canada's reaction, have made predicting a steady outcome difficult.
The more intriguing story is how differently the aforementioned companies are positioned. Nucor Corporation (NYSE:NUE) relies primarily on scrap-based electric arc furnace steelmaking, while Cleveland-Cliffs Inc. (NYSE:CLF) operates a vertically integrated model with internally sourced iron ore, scrap and other raw materials. Both have meaningful domestic raw-material exposure, although their production models differ substantially. Nucor Corporation (NYSE:NUE) is up more than 50% year-to-date, while Cleveland-Cliffs Inc. (NYSE:CLF), despite similar structural insulation, remains negative for 2026, which **** ysts attribute to balance sheet stress rather than tariffs.
#august #nucor #corporation #cleveland
1 month ago
Apple (NASDAQ:AAPL) recently unveiled its new iPhone Duo, a foldable phone priced at a whopping $1,999 — and that's the starting price. The phone is priced at a premium for a company already known for premium-priced products.
If sales for the Duo take off, it could prove to be a massive growth catalyst for the business. But here's why I wouldn't hold my breath, and why I think there could be challenges ahead for the tech company.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
The Duo may look enticing to consumers who love Apple products or foldable phones, but I don't think it'll capture a huge subset of the market, at least not right away. There have been many issues with foldable phones in the past, including screen creases after prolonged use, and repair costs can be high.
#signal #foldable
If sales for the Duo take off, it could prove to be a massive growth catalyst for the business. But here's why I wouldn't hold my breath, and why I think there could be challenges ahead for the tech company.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
The Duo may look enticing to consumers who love Apple products or foldable phones, but I don't think it'll capture a huge subset of the market, at least not right away. There have been many issues with foldable phones in the past, including screen creases after prolonged use, and repair costs can be high.
#signal #foldable
2 months ago
By Karen Brettell
Sept 2 (Reuters) - Concerns over America's fiscal outlook are mounting. Long-dated Treasury yields are at their highest levels since 2007, while the national debt has surpassed $40 trillion.
It is not the first time Washington has faced an imposing financing challenge. Treasury Secretary Scott Bessent says the U.S. can grow out of the debt. But history suggests that when the Treasury cannot rely on the usual mix of investors, instruments and market conditions, it has also created new methods to raise funds.
Here are six financing challenges Washington tackled and how it overcame them.
CREATE NEW BUYERS
#brettell #reuters
Sept 2 (Reuters) - Concerns over America's fiscal outlook are mounting. Long-dated Treasury yields are at their highest levels since 2007, while the national debt has surpassed $40 trillion.
It is not the first time Washington has faced an imposing financing challenge. Treasury Secretary Scott Bessent says the U.S. can grow out of the debt. But history suggests that when the Treasury cannot rely on the usual mix of investors, instruments and market conditions, it has also created new methods to raise funds.
Here are six financing challenges Washington tackled and how it overcame them.
CREATE NEW BUYERS
#brettell #reuters
2 months ago
For stocks to stay hot, they will now have to overcome a perception problem after Fed Chairman Kevin Warsh came across as surprisingly more hawkish than many investors thought when he got the gig.
"While we expect underlying fundamentals here to remain solid, the presumption of higher rates does present a sentiment headwind," Citigroup US equity strategist Scott Chronert wrote in a new note.
Delivering his debut keynote address as Fed chair at the Jackson Hole Economic Policy Symposium on Friday, Warsh adopted a hawkish stance on interest rate policy, warning that the central bank's fight against inflation is far from over.
With inflation "running above our 2% target … the Fed's predominant focus right now should be on prices," Warsh said.
Warsh characterized recent inflation numbers as "concerning" and added that "we must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed … otherwise, we have work to do."
#underlying
"While we expect underlying fundamentals here to remain solid, the presumption of higher rates does present a sentiment headwind," Citigroup US equity strategist Scott Chronert wrote in a new note.
Delivering his debut keynote address as Fed chair at the Jackson Hole Economic Policy Symposium on Friday, Warsh adopted a hawkish stance on interest rate policy, warning that the central bank's fight against inflation is far from over.
With inflation "running above our 2% target … the Fed's predominant focus right now should be on prices," Warsh said.
Warsh characterized recent inflation numbers as "concerning" and added that "we must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed … otherwise, we have work to do."
#underlying
