The Institute for Rural Vitality at SUNY Cobleskill and the Centre for Agricultural Advancement & Entrepreneurship have introduced the 2nd cohort of entrepreneur contributors of SUNY Cobleskill’s USDA-funded Farm and Food Business Accelerator.
Accelerator individuals “will launch new price-included items to the regional marketplace and capitalize on a collective $500,000 expense into solution advancement and enterprise growth” above the future 18 months, as a result of entry to strategic assistance companies and specialist facilities, according to a media launch.
Individuals are selected dependent on their potential for progress and affect on the nearby farm and foods sector, the launch stated. They involve:
• Empty Pockets Ranch, Cobleskill
• King Creek Farms, Delanson
• Previous Homestead Farm, Richfield Springs
• Lovin’ Mama Farm, Amsterdam
• Van-Dale Farms, Central Bridge
• Broadwell Dairy, Carlisle.
The initially accelerator cohort included 9 contributors and introduced in December 2021, the release reported. Considering the fact that then, 21 new goods have been introduced to the neighborhood farm-to-desk market.
“Through the results of our to start with cohort, we have evidence of notion of the transformative potential of this Accelerator program, and its potential to create positive effects for smaller enterprise on an personal scale, and on a bigger scale, the whole regional foodstuff program,” reported Scott Ferguson, executive director of the Institute for Rural Vitality at SUNY Cobleskill. “The members of this up coming cohort clearly show the exact same promise, and we are energized to get underway and once all over again broaden our attain and capabilities by doing work alongside one another and sharing methods.”
Participants will receive entry to expert services and methods from SUNY Cobleskill and CADE, which includes help with new solution improvement from food items science experts, completion of a scheduled method from the Cornell Food items Venture Middle, specialized aid on promoting technique, legal and economical advisory products and services, and outreach aid to create a community of distributors, suppliers and wholesalers, institutions and dining places.
Cohort members also have obtain to SUNY Cobleskill’s on-campus, shared-use amenities, which involve a dairy processing heart, USDA-inspected meat processing facility, commercial kitchens, packaging products, and use of the Carriage House Café & Basic Retail store for conducting retail pilots and marketplace investigation.
The Farm and Food stuff Organization Accelerator is made possible via a $741,271 grant from the USDA Agriculture Innovation Centre. By additional funding from other resources, the program signifies a whole financial investment of $1,121,002, in accordance to the release.
U.S. stocks plummeted Tuesday, accelerating this month’s sell-off on Wall Street as investors weighed a flurry of corporate reports against a backdrop of inflationary pressures and concerns over an economic slowdown.
The S&P 500 fell 2.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to cap the session, while the Dow Jones Industrial Average shed 800 points, resuming losses after the index briefly recovered on Monday. The tech-heavy Nasdaq Composite tumbled nearly 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, logging its third biggest drop of the year and marking its lowest close since December 2020. Meanwhile, U.S. Treasury yields retreated, with the 10-year benchmark falling to 2.7{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.
“I do think this is going to continue to be a market where we might have one step forward, two steps back in terms of absorbing some of the headlines that we’re seeing,” JP Morgan Asset Management Global Market Strategist Meera Pandit told Yahoo Finance Live.
April has historically been a strong month for stocks, and has produced a positive return for the S&P 500 in 15 of the last 16 years, LPL Financial’s Ryan Detrick pointed out in a note earlier this month. This month, however, markets were wrought by Russia’s war in Ukraine, continued worries around the Federal Reserve’s rate hiking cycle, inflationary and supply chain pressures, and fears the culmination of these headwinds may result in an economic slowdown.
“We are seeing signs that growth is slowing, and there is talk of a recession in the next year or two,” Brad McMillan, Chief Investment Officer for Commonwealth Financial Network, said in an emailed note, adding however that what we have seen is a “typical, if sharper than usual, market cycle.”
“In the short term, it is painful, but in the longer term? It really doesn’t mean much,” McMillan said. “As long as the economy is basically healthy (which it is) and as long as policymakers are on top of things (which they are), companies will keep growing and making money.”
Investors are in the heart of earnings season, with the S&P 500’s most heavily-weighted components scheduled to report earnings results this week.
Google’s parent company Alphabet (GOOG, GOOGL) kicked off reporting from mega cap tech names, revealing first-quarter sales that were roughly in-line with estimates. The tech giant showed resilience in its key search and YouTube advertising businesses. Shares fell roughly 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in extended trading.
Facebook parent company Meta (FB), Apple (AAPL), and Amazon (AMZN) are set to report quarterly results on Wednesday and Thursday.
As of Friday, one-fifth of companies in the index have reported results for the first quarter so far, with 79{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} reflecting an earnings beat for the period – above the five-year average of 77{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, according to the latest available data from FactSet. The magnitude of the earnings beat, however, is below the five-year average: 8.1{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, compared to 8.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.
“The lower earnings growth rate for Q1 2022 relative to recent quarters can be attributed to both a difficult comparison to unusually high earnings growth in Q1 2021 and continuing macroeconomic headwind,” John Butters, a FactSet senior earnings analyst, said in a note.
U.S. stocks paralleled movements in global equity markets to start the week, with major stock indexes in Europe and Asia largely falling on renewed concerns a COVID outbreak in China may spur another wave of lockdowns and further disrupt global supply chains.
“I think the most interesting thing happening in China right now is not that the yuan’s moving and not that the economy’s slowing – it’s that everything that’s happening right now, we knew weeks ago,” China Beige Book CEO Leland Miller told Yahoo Finance Live. “We knew that the economy was slowing, we knew they were not going to stimulate in a big way, we knew that lockdowns were spreading from Shanghai to other big cities, we knew the Fed was hiking, we knew there’s a policy crackdown, so it is interesting that people are seeing today as a pivotal moment.”
Elsewhere in markets, shares of Twitter fell 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, one day after the social media giant formally announced on Monday that it agreed to be acquired by Tesla CEO Elon Musk for $54.20 per share, or $44 billion. Twitter shareholders are set to receive $54.20 in cash for each share held, representing a 38{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} premium over Twitter’s closing level on April 1.
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4:00 p.m. ET: Stocks plunge, worsening April sell-off
Here were the main moves in markets at Tuesday’s close:
S&P 500 (^GSPC): -120.92 (-2.81{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,175.20
Dow (^DJI): -810.01 (-2.38{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 33,239.45
Nasdaq (^IXIC): -514.11 (-3.95{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 12,490.74
Crude (CL=F): +$3.57 (+3.62{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $102.11 a barrel
Gold (GC=F): +$5.60 (+0.30{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,901.60 per ounce
10-year Treasury (^TNX): -5.4 bps to yield 2.7720{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
Standard & Poor’s reprted Tuesday that its S&P CoreLogic Case-Shiller national home price index registered a 19.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} gain during the second month of the year, up from 19.1{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in January. The figure marks the third-highest reading since the index was developed in the 1980s.
The 20-City results were higher than analysts’ expectations of an 19.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} annual gain, according to Bloomberg consensus estimates.
The 10-City Composite annual increase came in at 18.6{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, up from 17.3{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the previous month. The 20-City Composite posted a 20.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} year-over-year gain, up from 18.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in the previous month.
“The macroeconomic environment is evolving rapidly and may not support extraordinary home price growth for much longer,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P DJI, in a statement. “The post-COVID resumption of general economic activity has stoked inflation, and the Federal Reserve has begun to increase interest rates in response.”
“We may soon begin to see the impact of increasing mortgage rates on home prices,” he added.
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9:09 a.m ET: PepsiCo ups full-year revenue forecast on higher prices, soda demand
PepsiCo (PEP) reported higher than expected quarterly earnings of $1.29 per share, beating the $1.23 per share analysts had expected, according to Bloomberg consensus data.
The beverage and snacks maker also raised its full-revenue forecast, buoyed by higher prices and a rebound in demand for its sodas at theaters and restaurants. Pepsi now anticipates fiscal 2022 organic revenue to rise 8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, compared with its forecast of a 6{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} increase.
During the quarter, the company also reported taking a $241 million charge related to Russia-Ukraine crisis.
“Looking ahead, we will focus on controlling what we can, such as enhancing our focus on productivity and sharpening our revenue management capabilities, while also continuing to make the necessary long-term investments to fortify our businesses and win in the marketplace,” PepsiCo CEO Ramon Laguarta said in the earnings release.
Shares of Pepsi were little changed in pre-market trading.
Pepsi cans are seen at the shop in this illustration photo taken in Krakow, Poland, on March 18, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
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7:10 a.m. ET: Futures slip after stocks recover from losses in previous session
Here were the main moves in futures trading ahead of Tuesday’s open:
S&P 500 futures (ES=F): -16.50 (-0.40{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,276.25
Dow futures (YM=F): -130.00 (-0.38{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 33,835.00
Nasdaq futures (NQ=F): -62.50 (-0.46{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,473.25
Crude (CL=F): -$0.35 (-0.36{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $98.89
Gold (GC=F): +$12.70 (+0.67{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,908.70 per ounce
10-year Treasury (^TNX): 0.00 bps to yield 2.8260{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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6:15 p.m. ET Monday: Stock futures muted ahead of earnings reports mega cap earnings
Here’s were stock futures were in post-market trading Monday evening:
S&P 500 futures (ES=F): -1.75 (-0.04{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,291.00
Dow futures (YM=F): -10.00 (-0.03{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 33,955.00
Nasdaq futures (NQ=F): -19.50 (-0.14{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,516.25
Crude (CL=F): -$0.10 (-0.00{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $98.66
Gold (GC=F): +$3.20 (+0.17{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,899.20 per ounce
10-year Treasury (^TNX): -8 bps to yield 2.8260{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc
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Cover letters are a vital part of any successful job search. This article details several tips job hunters can do to ensure their cover letter stands out and what mistakes to avoid.
A good job offer online can receive hundreds of applications, which is why it’s crucial to find a way to stand out from the crowd when applying for a new role.
A cover letter is your moment to stand out from the crowd. Thankfully, while job competition is fierce, there are a few simple things you can do to help make your cover letter impresses the right people.
Use Keywords From The Job Description
While you may be applying for several positions, you must create a tailored cover letter for each application. Thankfully, there’s no need for you to guess what a company wants from you. They’ve likely made it very clear in the job description.
Look out for crucial skills mentioned in the job description, mention them in your cover letter and provide evidence to show that you have those skills. Employers will appreciate that you’ve taken the time to properly read the job description (many people don’t) and are more likely to interview someone actively seeking to fulfill their specific needs rather than someone sending out generic templates.
Address the Right Person
Addressing the right person in your cover letter is simple, but it makes a huge difference. Most of the time, you can find the name of the company’s hiring manager or HR rep online. However, if you can’t find the correct info online, do some digging and call the company up.
Using the correct name not only personalizes your cover letter but also shows that you are resourceful enough to do your homework and care about getting the position.
Be Efficient
A cover letter is not the place for your life story. Instead, it should be a short introduction to why you want a role and what you can do for a company. Hiring managers are busy people, and a full page of words is a quick way to lose their attention.
State the Position Clearly
Many companies often recruit for several positions at once, so don’t confuse matters by not stating the right job title. The person reading your cover letter will appreciate it, and you’ll certainly enjoy it if you land an interview.
Avoid Cliché And Include Stats And Accomplishments
Saying that you’re a “team player” isn’t going to do much to impress hiring managers. Instead, focus on descriptive statements and evidence.
If you think you’re a great communicator, explain why and, more to the point, how has this benefited previous employers? Remember, employers are interested in what you can do for them, and tangible evidence will go further than generic statements.
Don’t Regurgitate Your Resume
The last thing employers want to do is read the same thing over again, so don’t just use snippets of yourresume to create your cover letter. Instead, your cover letter should expand upon your resume or CV and help tailor it to a more specific role.
Edit Before You send
Nothing can lose you a job quicker than a spelling or grammar mistake. So, check and recheck your letter before sending it to ensure it’s easy to read and there are no mistakes. Also, the second pair of eyes or a grammar checker like Grammarly will help if you’re unsure.
