Ethan Brown, founder, president and CEO of Beyond Meat. Adam Jeffery | CNBC Shares of Beyond Meat cratered as much as 28% Monday in after-hours trading following the release of disappointing third-quarter results, capping off a frenzied day of trading for the volatile stock. McDonald’s announcement of a plant-based line called “McPlant” sparked confusion among
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Labor leaders, workers and activists attend a rally for a $15 minimum hourly wage on July 22, 2015 in New York. Spencer Platt | Getty Images The federal minimum wage which is currently $7.25 per hour, has not been updated since 2009 and is an unlivable income in most of the U.S. It may soon
Eric Audras | ONOKY | Getty Images So you finished your estate plan. You finalized a will, made sure beneficiaries are named on financial accounts, signed all other pertinent documents and picked an executor to carry out your wishes when you die. You might have overlooked one consideration: whether you should share the details of
Stanley Druckenmiller Anjali Sundaram Billionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted a big rotation out of growth and into value names. “It’s nuanced, but there are a lot of companies that will be direct beneficiaries [from a coronavirus vaccine], and they
Eric Schmidt speaks during a National Security Commission on Artificial Intelligence conference November 5, 2019, in Washington Alex Wong | Getty Images Former Google CEO Eric Schmidt has been approved to become a citizen of Cyprus, according to a report Monday from Recode. An October notice in Alithia, a Cypriot publication, apparently announced Schmidt and
Packages of “Impossible Burger” and “Beyond Meat” sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines after the bell: Beyond Meat — Shares of Beyond Meat tumbled more than 25% in extended trading after the alternative meat
McDonalds restaurant in Londons Oxford Street. Restaurants are only allowed to open for takeaway orders during the Englands second lockdown. Dave Rushen | LightRocket | Getty Images McDonald’s is expected to report its third-quarter earnings on Monday before the bell. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened restaurant demand for
Today high-speed trains are comparable to air travel in price and door-to-door speed for shorter journeys. But decades ago locomotives faced fierce competition from air planes and private cars. Then came Japan’s bullet trains. Then This Happened is a series about the numbers, people, and stories behind decisive moments that changed history.
A 60 game arcade, a Star Trek themed home theater, a military style Call of Duty gaming room and a full bar make up the entertainment area of this Florida home.
Florida election results are displayed at an election night party for Democratic presidential candidate Joe Biden at the Chase Center in Wilmington, Delaware, on Nov. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images One winner emerged in Florida’s election that wasn’t President Donald Trump or former Vice President Joe Biden. It was the $15
Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015. Yuri Gripas | Reuters BEIJING — U.S.-China trade tensions are set for more predictability and calmer rhetoric after Joe Biden‘s presidential win — which likely means calmer rhetoric in a continued
An upsurge in Covid-19 cases is hampering travel to most of the world’s most popular tourist destinations — but less famous, more remote retreats are enjoying a resurgence. From hiking hidden hillsides to riding remote routes, there are plenty of ways to escape the crowds and have a socially distanced holiday either at home or
Before the coronavirus crisis, a private school education wasn’t something Jennifer Clayton would have considered for her son, Robbie, 6. Clayton, 43, works in a restaurant in the small town of Lake Hopatcong, New Jersey. Her husband, Joe, is a retired marine. They are not the typical private school family. But when their local public
2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected profits and a better-than-expected forecast for 2012.
A boy rides a bicycle along a flooded street due to the heavy rains caused by Hurricane Eta, now degraded to a tropical storm, in Puerto Barrios, Izabal 310 km north Guatemala City on November 5, 2020. Johan Ordonez | AFP | Getty Images Hurricane Eta has slowly churned through Central America this week, flooding
General Motors unveiled the 2022 GMC Hummer EV sport utility truck, or SUT, online and during national television broadcasts on Oct. 20, 2020. GM General Motors developed the 2022 GMC Hummer EV in rapid time with help of virtual reality, an increasing trend for the automotive industry before and during the coronavirus pandemic. GM CEO
Bloom Energy is a multi-billion dollar brainchild of a NASA rocket scientist. Its original task was to provide oxygen for people on Mars, but instead the company stumbled upon a cheap renewable energy source worth billions.
An employee restocks shelves as shoppers visit a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters 1. Amazon Openings: 63,433 Sample position: Warehouse team manager An Amazon fulfillment center in Frankenthal, Germany. Thorsten Wagner | Bloomberg | Getty Images 2. Intuit Openings: 12,667 Sample position: Remote tax expert Smith
Americans appear to want divided government, and that could spell good news for growth stocks, CNBC’s Jim Cramer said Wednesday. “Finally, we can stop fretting about politics and start focusing on business and your money again, because a divided Congress and a blue White House … is nirvana for growth stocks,” the “Mad Money” host
Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – CVS named Executive Vice President Karen Lynch as its next CEO, effective Feb. 1, replacing the retiring Larry Merlo. Separately, CVS reported better-than-expected sales and profit for its latest quarter, as prescription drug volumes rebounded. Shares rose 2% in
Democratic U.S. presidential nominee Joe Biden smiles as he takes off his mask to speak about the voting results of the 2020 U.S. presidential election during an appearance in Wilmington, Delaware, U.S., November 4, 2020. Kevin Lemarque | Reuters President-elect Joe Biden is expected on Monday to announce the members of his coronavirus task force,
Gary Yeowell | DigitalVision | Getty Images If you worked remotely from a different state while waiting out the pandemic, you just might wind up facing a tax surprise when you file next year. That’s because the longer you work away from your home base, the higher the likelihood you could have tax reporting and
Warren Buffett Gerard Miller | CNBC As the coronavirus pandemic weighs on its operating earnings and stock price, Berkshire Hathaway ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter. Warren Buffett’s conglomerate bought back $9 billion of its own stock, it was revealed
When the pandemic hit in March, Kelly Kearney, owner of Pacific Fine Food Catering in Alameda, California, initially thought things might go back to normal after a couple of months. She bought the company in 2004 and built up a business with a loyal, dependable staff and long-time clients. At age 58, she wasn’t intending
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Vicki Honeycutt lost her job in March, one of millions laid off in the early days of the coronavirus pandemic. To make
SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to fly two more test spaceflights to finish its development program. “During the quarter we made good progress completing the final steps to
General Motors plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in its Canadian operations. The investment is part of a tentative deal with Canadian union Unifor, GM CEO Mary Barra told investors Thursday during the company’s third-quarter earnings call. The investment is pending union member ratification
It’s been 2 years since Brad Katsuyama was tossed into the spotlight by a Michael Lewis book about the ‘rigged’ stock market. Now, his fix, IEX, will officially start operating as a national securities exchange, competing with NYSE and Nasdaq.