business news
Beyond Meat and PepsiCo launch meatless jerky as the first product under their partnership
PLANeT Partnership’s new meatless jerky alternative Source: Beyond Meat Beyond Meat and PepsiCo announced Wednesday they will launch meatless jerky as the first product under their PLANeT Partnership joint venture. The new product is rolling out to grocery stores this month in three flavors: original, hot and spicy, and teriyaki. Protein from peas and mung […]
Read More
Broadway tickets are more expensive now than before the pandemic – and attendance is strong
People purchase tickets at the reopened TKTS booth for Broadway shows in Times Square on September 15, 2021 in New York, United States. Liao Pan | China News Service | Getty Images Ticket prices for many blockbuster Broadway shows have become more expensive, as theatergoers are paying up for an evening out on the Great […]
Read More
Trump withdraws endorsement of Alabama Senate candidate Mo Brooks, who urged GOP to stop questioning 2020 election
Former U.S. President Donald Trump (R) welcomes candidate for U.S. Senate and U.S. Rep. Mo Brooks (R-AL) to the stage during a “Save America” rally at York Family Farms on August 21, 2021 in Cullman, Alabama. Chip Somodevilla | Getty Images That’s “No Mo” endorsement for him. Former President Donald Trump on Wednesday withdrew his […]
Read More
SpaceX raises prices for rocket launches and Starlink satellite internet as inflation hits raw materials
A Starlink logo of a satellite internet constellation being constructed by SpaceX is seen on a smartphone and a pc screen. Pavlo Gonchar | LightRocket | Getty Images WASHINGTON — SpaceX is raising prices across its products and services, including for rocket launches and Starlink satellite internet, citing “excessive levels of inflation.” The double-digit price […]
Read More
Stocks making the biggest moves midday: GameStop, Adobe, General Mills and more
The General Mills logo is displayed on a box of Raisin Nut Bran cereal at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares for the computer software company tumbled 10% in midday […]
Read More
ASML is the only company making the $200 million machines needed to print every advanced microchip. Here’s an inside look
In the southern Dutch town of Veldhoven, near the border with Belgium, sits the only factory capable of assembling a revolutionary machine that’s relied upon by the world’s biggest chipmakers. EUV lithography is the most expensive step in making the advanced microchips that power data centers, cars and iPhones. The machines are made by only […]
Read More
Adobe shares plunge 10% after Russia’s invasion of Ukraine leads to reduced sales forecast
Shantanu Narayen, Adobe Systems Kim Kulish | Corbis | Getty Images Adobe shares fell about 10% Wednesday after the software company lowered estimates for the fiscal year to account for the impact of halting sales in Russia. Adobe said on March 4, the first day of the quarter, that it was stopping new sales in […]
Read More
Intel CEO says semiconductors are like oil — making more in U.S. can avoid global crises
Intel CEO Pat Gelsinger on Wednesday likened semiconductors to oil, suggesting that computer chips will play a central role in international relations in the decades ahead. “Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Gelsinger said in an interview on CNBC’s […]
Read More
Petco CEO says company’s growth is inflation-proof, as Americans splurge on pets and bigger homes
A customer exits a Petco store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the […]
Read More
Russia’s invasion of Ukraine provides ‘greater focus’ for NATO troops in the Baltics
TAPA, ESTONIA – French soldiers in Tapa military base. Fred Marie/art In All Of Us | Corbis News | Getty Images TAPA, Estonia — Just 70 miles away from the Russian border and an hour’s drive west of Estonia’s capital, thousands of NATO troops are on alert in case President Vladimir Putin decides to attack. […]
Read More