Bloomberg Daybreak Weekend: US Jobs, Tech Preview
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. - In the US – a look ahead to the April jobs report and big tech earnings. - In the UK – a look ahead to local elections. - In Asia – a look ahead to China PMI data.
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Yahoo
2 days ago
- Yahoo
Philip Morris International Declares Regular Quarterly Dividend of $1.35 Per Share
STAMFORD, CT, June 13, 2025--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (PMI) (NYSE: PM) today declared a regular quarterly dividend of $1.35 per common share, payable on July 15, 2025, to shareholders of record as of June 27, 2025. The ex-dividend date is June 27, 2025. For more details on stock, dividends and other information, see Philip Morris International: A Global Smoke-Free Champion Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company's current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates they were used by 38.6 million adults around the world. The smoke-free business accounted for 42% of PMI's first-quarter 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches and versions of PMI's IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to "PMI", "we", "our" and "us" mean Philip Morris International Inc., and its subsidiaries. For more information, please visit and View source version on Contacts Philip Morris International Investor Relations:Stamford, CT: +1 (203) 904 2410Lausanne: +41 (0)58 242 4666Email: InvestorRelations@ Media: David FraserLausanne: +41 (0)58 242 4500Email: 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
3 days ago
- Yahoo
2 Industrial Mutual Funds to Buy on Manufacturing Resurgence
With inflation easing and interest rate cuts inching slowly closer on the Fed's radar, Industrial mutual funds have emerged as one of Wall Street's standout sectors in 2025. The U.S. ISM manufacturing PMI recently hit a nine-month high, signaling a manufacturing resurgence that typically leads equity performance. Although still in contraction territory, rising orders and improving momentum suggest manufacturing firms may be on the verge of a breakout. This cyclical recovery makes industrial stocks attractive, especially at valuations that lag behind defensive sectors. Also, reshoring and supply chain independence are reshaping global production. Companies are bringing manufacturing back to domestic soil. This not only boosts demand for factory equipment and transportation assets but also benefits firms in construction, logistics and machinery. On cue, the S&P 500 Industrials Select Sector SPDR (XLI) has advanced 8.7% year to date. Industrials are riding the wave of long-term investment in infrastructure and green energy. Higher-for-longer interest rates may dampen some tech aspirations, yet industrial names tied to infrastructure upgrades and electric grid modernization remain well-positioned. Specialized industrial segments like defense, transportation and aerospace also reap the rewards of elevated government spending and corporate capital allocation. In summary, industrial mutual funds are thriving because they sit at the crossroads of pro-cyclical momentum, structural manufacturing trends and infrastructure policies. They offer a combination of value, growth and inflation protection. As long as reshoring efforts intensify and infrastructure investments persist, these funds are likely to remain a Wall Street favorite through the rest of 2025. Industrial mutual funds provide much-needed stability and growth potential. Hence, astute investors should consider such funds at present. Mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money). We have thus selected two industrial mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), have positive three-year and five-year annualized returns and minimum initial investments within $5000, and carry a low expense ratio. Fidelity Select Defense & Aerospace FSDAX primarily invests in common stocks. It invests the majority of its assets in securities of companies principally engaged in the research, manufacture, or sale of products or services related to the defense or aerospace industries. FSDAX advisors use fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. Clayton Pfannenstiel has been the lead manager of FSDAX since December 2021. Three top holdings for FSDAX are 20.9% in General Electric, 11.9% in Boeing and 10% in Raytheon. FSDAX's 3-year and 5-year annualized returns are 17.8% and 16.3%, respectively. Its net expense ratio is 0.65%. FSDAX has a Zacks Mutual Fund Rank #1. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here. Fidelity Select Industrials Portfolio FCYIX primarily invests in common stocks. It invests the majority of its assets in securities of companies principally engaged in the research, development, manufacture, distribution, supply, or sale of industrial products, services, or equipment. FCYIX advisors use fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. David Wagner has been the lead manager of FCYIX since June 2023. Three top holdings for FCYIX are 7.1% in General Electric, 6.1% in Howmet Aerospace and 5.2% in GE Vernova. FCYIX's 3-year and 5-year annualized returns are 16.3% and 17.3%, respectively. Its net expense ratio is 0.69%. FCYIX has a Zacks Mutual Fund Rank #2. Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FCYIX): Fund Analysis Report Get Your Free (FSDAX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 days ago
- Associated Press
Rothmans, Benson & Hedges Recognized by the EQUAL-SALARY Foundation
Company receives certification acknowledging fair pay and commitment to equal growth opportunities for its Canadian workforce TORONTO, June 11, 2025 /CNW/ - Rothmans, Benson & Hedges Inc. (RBH), an affiliate of Philip Morris International (PMI) has received a certification for its achievements in fostering a culture of fairness in the workplace, placing the company among the top organizations globally providing equal pay and growth opportunities for employees. The EQUAL-SALARY Foundation recognized the company for paying all employees equally for equal work everywhere it operates. This marks the third time that RBH and PMI has been awarded for its equal pay policies since 2019, when it became the first multinational to receive the independent certification. 'This milestone is a powerful testament to our unwavering dedication to fairness and inclusion. At RBH, we don't just talk about fairness, we live it—ensuring every employee is rewarded equitably and empowered to grow,' said Milena Trentadue, Managing Director (Canada), RBH. 'As we evolve our business, we are shaping a workplace where talent not only thrives but drives meaningful change.' This year, in addition to recognizing fair pay, the certification acknowledges RBH's enduring commitment to equal opportunities that enable employees to thrive, grow, and drive meaningful change, creating a culture that attracts the best talent to this leading international consumer goods company. Lisa Rubli, co-CEO of the EQUAL-SALARY Foundation, commented: 'PMI's third global EQUAL-SALARY certification is a landmark achievement. It represents more than a commitment to equal pay for equal work between women and men. It reflects a deep, ongoing effort to build fairness and equal opportunity into every stage of the employee experience. Through rigorous salary analysis and qualitative audits, PMI has demonstrated a culture of openness, accountability, and continuous improvement. This recertification is not only a recognition of what has been achieved for over 83,000 PMI employees around the world, it is a call to the business world to do more. In an economy where people seek fairness and purpose in the workplace, it is time for companies to turn bold commitments into verified action. Gender equality must be part of how we define excellence. PMI is showing what that looks like in practice.' Valid for three years, the Equal Pay and Opportunities certification provides independent, third-party verification that RBH pays all employees fairly and objectively for the same job or a job of equal value. The EQUAL-SALARY Foundation has certified companies in 90 countries, involving almost half a million employees. The certification demonstrates that PMI champions equal pay, and has established robust and transparent policies that empower every employee to excel and seize equal opportunities for growth and success. About the EQUAL-SALARY Foundation EQUAL-SALARY is a non-profit foundation established in 2010. It offers certification procedures based on a transparent and robust methodology comparable to an ISO standard for salaries and processes. The development of EQUAL-SALARY certification has been financially supported by the Federal Office for Equality (FOGE) and its methodology, developed in collaboration with the University of Geneva, has been recognized by the Swiss Federal Court. It is the only certification for equal pay recognized by the European Commission in a report on the pay gap. EQUAL-SALARY is also a member of EPIC - the International Coalition for Equal Pay, the United Nations Global Compact and the Alliance for Pay Transparency. To date, the EQUAL-SALARY Foundation has certified companies in 90 countries, involving almost half a million employees. A number of certified companies have renewed their commitment up to 6 times, demonstrating a strong desire to promote fairness and strengthen the trust and respect of their employees, customers and partners. As an EQUAL-SALARY employer, an organization is in an excellent position to attract and retain talent and to prove that it respects the rules of good governance. About the Equal Pay and Opportunities, by EQUAL-SALARY certification process, a symbol of excellence Similar to an ISO standard for wages, the Equal Pay and Opportunities, by EQUAL-SALARY process includes two phases: First, experts contracted by EQUAL-SALARY run statistical analyses of salary data. Upon having concluded phase 1 successfully, demonstrating an overall pay gap equal to or lower than 5 per cent, phase 2 is initiated. Phase 2 consists of an audit conducted by major audit firms such as PwC, Forvis Mazars or SGS, who assess both the company's overall commitment to equal pay, equal opportunities, and its implementation in Human Resources processes. To allow a comprehensive approach, top management, HR and employees are involved by means of surveys and interviews during the on-site audit. Only the companies that meet all requirements of all phases successfully are awarded the Equal Pay and Opportunities, by EQUAL-SALARY certification, proving their excellence in equal pay and equal opportunities. The Equal Pay and Opportunities, by EQUAL-SALARY Certification allows organizations to verify and communicate that they pay their employees and offer equal opportunities fairly across gender, ethnicity, or both. It is a practical and scientific solution to achieve transparency while preserving confidentiality. SOURCE Rothmans, Benson & Hedges Inc.
