The 2019 business

New York (CNN) J.M. Smucker is recalling certain types of Jif peanut butter in the US because of a potential salmonella contamination. The company said that the peanut butter was sold nationwide and the recall includes more than 45 kinds of products. They have lot codes between 1274425 to 2140425, the company said in a statement . The lot code is next to the "best if used by" date on the product's packaging. The affected products include both creamy and crunchy peanut butters, peanut butter to-go packs, and the natural squeeze pouch. Customers should discard the product immediately if it is included in the recall, which is being conducted with the US Food and Drug Administration. J.M. Smucker said it's not able to estimate the recall's financial impact for the fiscal year that ended on April 30 or the current fiscal year 2023, but will provide that information once it's available. Read More Customers who have had a reaction and … [Read more...] about J.M. Smucker is recalling some Jif peanut butter products due to salmonella

Money. Power. Fame. Success. All accomplishments in life that we’ve been told can “go to our head”—meaning, in the idiomatic sense, that we grow pompous, callous, and strangely forgetful of the people who cheered us on and the places from which we come. advertisement advertisement But such forces can also “go to your head” in a much less figurative way. As in, they can literally mold the shape of your brain. That’s the finding of a recent publication from the University of Pennsylvania and international collaborators, who studied the neural effects of socioeconomic status. According to the team, which is called BIG BEAR—for Brain Imaging and Genetics in Behavioral Research—such factors as your education, your job, your income, and the neighborhood in which you live can chisel the brain’s architecture across a variety of lobes, structuring its relative gray matter volume. Using the United Kingdom’s Biobank —a research-based treasure trove of human … [Read more...] about The neuroscience behind money and power: How socioeconomic status can literally shape your brain

The success of a well-run business is not determined by its financial performance levels alone, and that is why leaders need to take a holistic approach and consider how each area of the establishment and decisions made about specific contributions to the company can build it up or weigh it down. advertisement advertisement As you work towards achieving your financial goals, it’s also important to find the right balance and prioritize how to maintain a steady cash flow and make wise choices about how and where to invest your time and money to elevate the organization. Below are 16 members of Fast Company Executive Board to share some of the best practices they’ve received about how to manage their company finances. 1.  DEVELOP A LONG-TERM PERSPECTIVE. advertisement As Warren Buffet says: “Think long-term.” As a manager, you have to live months or years ahead of where your company is now. Ask where you want to be in a year and invest … [Read more...] about Leading executives share 16 tips that nurture corporate finance

Margot Robbie wants to rob. The actor is attached to star in a prequel to Ocean's Eleven , a heist comedy about con artists who rob hundreds of millions from a Las Vegas casino. The upcoming film is still in development at Warner Bros. and has not been greenlit. Jay Roach, who previously worked with Robbie on 2019's workplace sexual harassment drama Bombshell , is directing the film. Carrie Solomon is working on the screenplay, which is expected to take place far away from Sin City, in 1960s Europe. The title has yet to be confirmed, but Ocean's Eight has already been claimed by 2018's gender-swapped reboot, led by Sandra Bullock, Cate Blanchett and Anne Hathaway, so the studio may have to settle on another numeral for Robbie's mission. Since the film does not officially have the go-ahead, there's always a chance it will not come to fruition. But if all goes to plan, the next Ocean's installment will go into production in spring of 2023. Complicating the timeline, … [Read more...] about ‘Ocean’s Eleven’ prequel in the works with Margot Robbie

Finance Minister NIrmala Sitharaman | Illustration: Moneycontrol India has already started buying oil from Russia, since it has come at a discount at a time when the country needs it, Finance Minister Nirmala Sitharaman has said. "We have received quite a number of barrels. I would think about 3-4 days of (national) supply. I would put my country's national interest and energy security first," Sitharaman said at the 17th edition of the CNBC-TV18 India Business Leaders Awards. If fuel is available at a discount, why shouldn't India buy it, the finance minister stressed. Sitharaman's comments come on a day when Russian Foreign Minister Sergey Lavrov is in New Delhi to discuss a range of issues, among which India's oil purchases from Russia, and a new proposed Rupee-Rouble trading mechanism, figure majorly. However, Sitharaman said the global economic climate has been impacted by the Ukraine crisis and that she was entering the new financial year with 'cautious optimism'. … [Read more...] about India buying Russian oil: I will put my country’s national interest, energy security first: FM Sitharaman

Representative image Oil prices continue to surge over fears of supply disruption as Russia faced collective sanctions from the US and allies following its invasions of Ukraine. On March 2, Brent crude futures rose by as much as $8 and touched $113.02 a barrel, the highest since June 2014, before easing to $111.75, news agency Reuters reported. Such elevated prices have wide ramifications for India, given that about 85 percent of the crude processed by domestic refiners is imported. High prices can put upward pressure on inflation, increase the cost of inputs for various industries, make transportation expensive, raise the import bill and lead to deterioration of the current account. The Economic Survey of 2021-22 had flagged the risk of imported inflation, arising from elevated global energy prices but the Budget for 2022-23 and the Reserve Bank of India’s monetary policy committee have taken a relatively benign view on crude oil prices—they have estimated that it would … [Read more...] about Crude hovers around $110, India has a lot to worry about

(Representative Image) In news that comes as a relief to the common man, the Centre has decided to cut excise duty on petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. This will effectively reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre. Finance Minister Nirmala Sitharaman , while making the announcement on her Twitter handle on May 21, requested state governments to follow the lead, especially those who didn't announce a reduction last time (Novemeber 2021). "I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man", read her tweet. Also Read: Excise duty on fuel has to be reduced by Rs 10-12 as there is no other option: Former finance secretary 7/12 We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre. It will have revenue implication of … [Read more...] about Centre cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre

India is 80% dependent on imports for meeting its oil needs and retail rates adjust according to the global movement in crude prices. (Representative Image) Prices of petrol and diesel have remained steady for more than 40 days now. Since the end of a four-and-a-half-month-long halt in rate revision on March 22, rates of petrol and diesel have increased by Rs 10 a litre each through 14 revisions. Fuel prices were last hiked on April 6 by 80 paise a litre each. According to a price notification from fuel retailers, petrol in Delhi now costs Rs 105.41 a litre and diesel Rs 96.67 a litre. In Mumbai, petrol and diesel prices are at Rs 120.51 and Rs 104.77 per litre, respectively. In Chennai, petrol costs Rs 110.85 and diesel Rs 100.94 per litre; and in Kolkata, petrol is at Rs 115.12 per litre and diesel at Rs 99.83 per litre. Oil marketing companies (OMCs) began to raise retail prices of fuel on March 22. In March, the hike was Rs 6.40 a litre each and in April the hike … [Read more...] about Fuel Prices on May 21: Check out petrol, diesel rates in Mumbai, Delhi and other cities

US President Joe Biden (File image: Reuters) As Americans deal with the highest inflation in decades, President Joe Biden has declared that combating rising costs is a priority for his administration. Lately, he has cited one policy in particular as an inflation-fighting tool: shrinking the nation’s budget deficit. “Bringing down the deficit is one way to ease inflationary pressures in an economy,” Biden said this month. “We reduce federal borrowing and we help combat inflation.” The federal budget deficit — the gap between what the government spends and the tax revenue it takes in — remains large. But Biden has pointed out that it shrank by $350 billion during his first year in office and is expected to fall more than $1 trillion by October, the end of this federal budget year. Rather than stemming from any recent budget measures by his administration or Congress, the deficit reduction largely reflects the rise in tax receipts from strong economic growth and the winding … [Read more...] about Biden’s curious talking point: Lower deficits offer inflation relief

United States President Joe Biden U.S. President Joe Biden and his new South Korean counterpart will search for ways on Saturday to break a diplomatic stalemate with North Korea, as they worry Kim Jong Un could lash out with new nuclear tests. Biden and Yoon Suk-yeol will meet in Seoul for their first diplomatic engagement since the South Korean president’s inauguration 11 days ago. The friendly encounter between allies is clouded by intelligence showing North Korean leader Kim is prepared to launch nuclear or missile tests. A senior Biden administration official told reporters on Saturday that the two leaders will discuss nuclear cooperation and that Washington remains ready for diplomacy with North Korea. "It is very much our desire that we find ways to have a diplomatic approach,” the official said. ”We have made very clear we’re prepared to talk to them, and with no preconditions, and we’re also prepared to take steps to address their domestic challenges, including … [Read more...] about North Korea nuclear threat tops agenda for Biden-Yoon meeting in South Korea