Month: August 2022
Beyond Meat cuts revenue outlook, says it’s trimming workforce
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based company […]
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Lyft has been a little brother to Uber, says Wedbush’s Dan Ives
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Dan Ives, Wedbush Securities managing director, joins ‘Closing Bell: Overtime’ to discuss Lyft’s second quarter earnings. 02:18 11 minutes ago Source
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Trump likely to be criminally charged in DOJ election probe along with other former White House officials, Obama AG Holder says
Former U.S. Attorney General Eric Holder Paul Morigi | WireImage | Getty Images Former President Donald Trump “probably” will be indicted on criminal charges along with officials in his White House as part of a Justice Department investigation of efforts to reverse the 2020 election results nationally, ex-Attorney General Eric Holder said in an interview […]
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How LiveU has defined the industry it once disrupted — and brought major media players along for the ride
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2006, after attending a soccer game with a bulky, unimpressive production setup, LiveU founders Avi Cohen, Samuel Wasserman, and Rony Ohayon were inspired to create a product that would consolidate video production materials, making […]
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DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
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Watch CNBC’s full interview with Oppenheimer’s Jed Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jed Kelly, Oppenheimer senior analyst, joins ‘Power Lunch’ to discuss why the travel trade may be over, what he sees as the long-term potential for Airbnb and more. Source
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Biden administration will declare monkeypox outbreak a public health emergency in the U.S.
People protest during a rally calling for more government action to combat the spread of monkeypox at Foley Square on July 21, 2022 in New York City. Jeenah Moon | Getty Images The Biden administration will declare monkeypox a public health emergency as the U.S. outbreak has grown into the largest in the world, the […]
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If we go into recession people will still travel but may trade down, says Oppenheimer’s Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jed Kelly, Oppenheimer senior analyst, joins ‘Power Lunch’ to discuss why the travel trade may be over, what he sees as the long-term potential for Airbnb and more. Source
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We’re adding four stocks to our Bullpen, including Starbucks and Airbnb
As the baseball metaphor suggests, the Bullpen consists of stocks in reserve that we might consider buying and adding our portfolio. Source
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Altice USA targeting private equity infrastructure funds in early Suddenlink sale negotiations, sources say
Dexter Goei, CEO of cable and mobile telecoms company Altice. Benoit Tessier | Reuters Altice USA, the fourth-largest U.S. cable company, is focusing on private equity infrastructure funds as potential buyers early in its Suddenlink sale process, according to people familiar with the matter. Altice USA Chief Executive Officer Dexter Goei confirmed Wednesday the company […]
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