Beyond Meat revamps its retail strategy, hires new marketing executive

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

Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record

Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from $1.39 … Read more

Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat

Bill.com Holdings Inc. shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to exceed Wall Street expectations. Bill.com BILL, +8.18% shares fell as much as 20% after hours, following an 8.2% gain in the regular session to close at $128.91. The company reported a second-quarter loss of $95.1 … Read more

The S&P 500 is flashing signs that the bear market finally could be over

The S&P 500 Index SPX, +1.47% has finally broken through major resistance at 4100. If the breakout holds through today, then it will be a valid one. Furthermore, SPX is now clearly above its declining 200-day moving average, and it is above the downtrend line that has defined the U.S. bear market for over a … Read more

State of the Union: 5 key challenges for Biden as he delivers his speech

President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office. Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American … Read more

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +3.22%, Alphabet Inc. GOOGL, … Read more

Drugstore health clinics are fast and convenient. What’s the catch?

You walk into a local chain drugstore to buy shampoo and notice that the in-store health clinic is offering flu shots, and there’s no wait. You’re overdue for that vaccination, so you get it  — and accept the clinician’s offer of a blood-pressure screening. You’re done just 15 minutes after you walked in, satisfied that … Read more

Santander posts forecast-beating profit, revenue, upbeat on 2023

Corrections & Amplifications This headline was corrected at 0601 GMT because the fourth quarter revenue was misstated as EUR13.53B. Banco Santander SA said Thursday that it expects higher profitability in 2023 after the bank reported a broadly flat net profit for the fourth quarter. The Spanish lender SAN, +3.03% SAN, +1.74% said it is targeting … Read more

Adani selloff worsens after cancellation of $2.5 billion share sale

Shares of Adani Group companies continued their multi-day plunge Thursday, hours after the Indian conglomerate cancelled an up-to-$2.5 billion share sale amid a record dive in the stock price of its flagship company. Shares of Adani Enterprises 512599, -7.17% were last down 8.8%, a day after the stock fell more than 28% in its biggest … Read more