Talk about mystery meat. As plant-based protein makers like Impossible Foods and the newly public Beyond Meat take the food industry by storm, the question of whether their products are better for consumers than actual meat is still very much open, says former U.S. Agriculture Secretary Dan Glickman. “We can’t really market it … as
Stan Lee in his office in Beverly Hills, California. Getty images | Washington Post The former manager of Stan Lee has been arrested on charges of financial elder abuse and false imprisonment against the late comic book legend, according to the Los Angeles Police Department. Keya Morgan allegedly mishandled Lee’s money. This included $262,000 that
A trader takes an order in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange following the Federal Open Market Committee meeting on January 25, 2012 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Buybacks have gotten a bad rap from both Republican and Democratic
Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy.
Michael Novogratz, CEO of Galaxy Investment Partners Adam Jeffery | CNBC Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street. The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One
An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Foot Locker — Shares of Foot Locker were down 17% in midday trading after the shoe retailer reported adjusted quarterly
Jeffrey Sloan, CEO, Global Payments Scott Mlyn | CNBC Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC. The people requested anonymity because the talks are confidential.
A truck hauls a shipping container at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California Mike Blake | Reuters J.P. Morgan economists said they now see second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first
The logo of the 3D printer manufacturer HP is seen during the event. Feria de Barcelona hosts the third edition of the (3D) industry week. Paco Freire | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of HP Inc. rose more than 1% in extended trading after the software
Investors rushed into the safety of bonds Thursday and dumped stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected. The moves in the bond market were dramatic, with the 10-year Treasury yield dropping about 8 basis points in its biggest one-day move since April 1.
A trader pauses at his desk ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), January 22, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images U.S. manufacturer growth hit new lows in May, the latest sign that the trade war may be slowing
A signs stands above the entrance to a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, July 4, 2016. Krisztian Bocsi | Bloomberg | Getty Images Deutsche Bank executives can expect an explosive meeting with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in
Slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle don’t bode well for Apple, according to a UBS analyst. The Swiss bank cut its 12-month price target on the iPhone maker to $225 — down from a previous $235. Apple closed at $186 Thursday. UBS still has a “buy” rating
When the Fed releases minutes of its last meeting on Wednesday afternoon, it risks sounding a bit hawkish. Going into that meeting three weeks ago, the Fed and the markets clearly held different views on whether the Fed needed to consider a pre-emptive interest rate cut. Fed Chair Jerome Powell knocked the idea of an
TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise TransferWise, the money transfer company that’s taking on Western Union, is valued at $3.5 billion after a new investment round, making it Europe’s most valuable financial technology start-up. In lowering fees and adding a slick online platform to help consumers move money globally and track their transfers,
Shoppers enter the Nordstrom store April 1, 2003 on Michigan Avenue in Chicago. Scott Olson | Getty Images Check out the companies making headlines after the bell: Shares of Nordstrom tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Nordstrom reported earnings
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images Chinese President Xi Jinping ramped up his rhetoric yet again on the trade war. “We are here at the starting point of the Long March to remember the time when the Red Army began its journey,” Xi said at a
You know there’s an underlying problem when investment firms start to cut exposure to a particular asset class. Goldman Sachs’ decision last week to slash exposure to emerging markets is an indication of the current situation for these economies. The bank’s asset management arm said it had scaled back its “overweight” exposure to emerging market
Traders work on the floor of the New York Stock Exchange on May 20, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Merck & Co dropped as much as 9% in extended trading on Monday, before erasing those
Visitors try out the Huawei Mate S smartphone. Sean Gallup | Getty Images News | Getty Images A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following restrictions imposed by President Donald Trump’s administration. The U.S. Commerce Department last week blacklisted Huawei and effectively halted