Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of the company fell as much as 25% in extended trading, extending the stock’s losses from earlier in the day. Beyond’s stock closed Wednesday down 13.8% ahead of the company’s […]
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]
Hi, MarketWatchers. Don’t miss these top stories. Everything you need to know to get your yard ready for summer This week we caught up with Jeff Keiter, our resident landscape architecture guru, who previously chatted with us about winter trends for your yard. Today we are talking about spring gardening, the best tools and the […]
The architect and designer Thierry W. Despont, known for designing lavish homes and hotels around the world, is listing his personal Hamptons estate for $23.5 million. Set on roughly 34 acres, the Southampton property was a horse farm that Mr. Despont transformed into a residence with a separate guesthouse and pool house, according to Harald […]
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter […]
Kohl’s (KSS) has beaten them back — for now. Kohl’s said Wednesday that he re-elected all 13 of his board of director nominees at his annual shareholders’ meeting, based on a preliminary vote tally. Macellum Advisors, an activist investment firm, had put up its own slate of nominees to replace 10 of Kohl’s board members, […]
Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]
The Mustang Shelby GT500-H — the H stands for Hertz — is a special-edition model produced by Shelby American specifically for Hertz’s rental fleet. It will not be cheap to rent or easy to find. Only 25 will be made, 19 in black and six in white. They will be available at Hertz locations in […]
Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -35.25% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $5 billion in market capitalization, and […]
photo: AP (AP) canoe, an EV startup that some guy named Jason eleven had very high hopes for, said tuesday that it is worried about its future. This is sad news because, like Jason, I once was pretty hopeful about Canoo, too, which wanted to make what was more or less the anti-Cybertruck. My colleague […]