Beyond Meat Inc. BYND, +19.15% is revamping its retail sales strategy to center on five major grocers and hiring a new marketing executive as part of an effort to reinvigorate the plant-based food maker’s business. The California-based company is orienting its retail business around Kroger Co. KR, -0.46%, Walmart Inc. WMT, -0.73%, Publix Super Markets Inc., Costco Wholesale Corp. COST, … Read more
General Motors Co. GM, +5.60% electric vehicles will appear in some Netflix Inc. NFLX, +1.35% shows and films, which the companies said reflects “society’s increasing excitement about an all-electric future.” GM Global Chief Marketing Officer Deborah Wahl said in a press release that “we want to make EVs famous on streaming, small and silver screens … Read more
Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, or … Read more
Align Technology Inc. shares rallied Thursday, making one of the worst stocks of 2022 among the best of 2023 so far. Align ALGN, +25.37% surged as much as 30% to an intraday high of $368.87, making it the best-performing stock on both the S&P 500 SPX, +0.98% and the Nasdaq 100 NDX, +2.84% Thursday, with … Read more
Rick Scott listens to a question at a January news conference at the U.S. Capitol. Anna Moneymaker/Getty Images Senate Minority Leader Mitch McConnell booted two Republican lawmakers from a powerful Senate committee on Wednesday after an unsuccessful attempt last year to oust him from his longtime leadership position. Senate Republicans Rick Scott of Florida and Mike … Read more
Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook. There was some anxiety about the state of digital advertising heading into this earnings season, and Snap Inc. SNAP, -10.29% didn’t help matters by delivering a gloomy forecast Tuesday. But Facebook parent Meta Platforms … Read more
Madison Square Garden has tapped a high-profile spin doctor to help its chairman, James Dolan, deflect criticism of his use of facial-recognition technology. Background: James Dolan defends facial-recognition policy as lawyers sue Madison Square Garden owner: ‘Please don’t come’ Dolan hired former Trump White House communications director Hope Hicks as a consultant at what’s been … Read more
Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days on … Read more
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The … Read more
Bonds held onto their gains on Thursday, a day after a press conference held by Federal Reserve Chair Jerome Powell convinced traders the rate-hike cycle was nearing an end. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.120% fell 1 basis point to 4.11%. Ahead of the Fed decision on Wednesday, the yield was … Read more