Beyond Meat’s stock is sizzling, up more than 60% on growing gross margins
Beyond Meat Inc.’s stock hurtled as much as 103% higher in after-hours trading Tuesday following the company’s quarterly results that included a forecast of gross margins in the mid- to high-teens for 2024. The beleaguered fake-meat maker BYND, +0.94%, which had slogged through several brutal quarters, reported a fiscal fourth-quarter net loss of $155.1 million, […]
Beyond Meat’s stock is sizzling, up 103% on growing gross margins
Beyond Meat Inc.’s stock hurtled 103% higher in after-hours trading Tuesday following the company’s quarterly results that included a forecast of gross margins in the mid- to high-teens for 2024. The beleaguered fake-meat maker BYND, +0.94%, which had slogged through several brutal quarters, reported a fiscal fourth-quarter net loss of $155.1 million, or $2.40 a […]
Cava stock pops after blunder leads to early earnings release
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Cava’s stock climbed as much as 15% on Tuesday after the Mediterranean restaurant chain released its earnings report a […]
Therapist Allison Applebaum shares the lessons she learned as a caregiver
When Allison Applebaum talks about being her father’s caregiver in the last years of his life, she is referring to much more than changing sheets and doling out medicine. Perhaps the most important task she took on when she was helping her father, she says, was defending his existence as a person. “It was my […]
Warner Bros. Discovery halts Paramount Global merger talks
President and C.E.O. of Warner Bros. Discovery David Zaslav speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images Warner Bros. Discovery has gone “pencils down” on a potential acquisition of Paramount Global, halting talks after several months of kicking the tires […]
Macy’s (M) Q4 2023 earnings
The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images Macy’s on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. Here’s what Macy’s reported […]
Viking Therapeutics’ stock doubles after company reports positive results in trial of weight-loss drug
Viking Therapeutics Inc.’s stock soared 100% early Tuesday, after the company announced positive results from a Phase 2 trial of its weight-loss drug VK2735, a GLP-1 receptor agonist that it’s developing in both injectable and oral form as a treatment for obesity and diabetes. The trial met all primary and secondary endpoints, showing statistically significant […]
Retirement balances at their highest in nearly two years: Fidelity
The fourth quarter ended on an upswing for retirement savers. Retirement-account balances hit their highest levels in two years amid improved market conditions and consistent savings rates, according to Fidelity Investments. The average 401(k) account balance was $118,600 in the fourth quarter, up 14% from a year ago, Fidelity said. The average IRA balance was […]
FTC sues to block Kroger Albertsons grocery store merger
Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers. […]
Li Auto shares gain 20% in Hong Kong after big earnings beat, solid 2024 outlook
Li Auto’s shares 2015, +19.01% rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage […]
