business news
Impossible Foods taps Chobani executive as new CEO, founder Pat Brown steps down
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will take the helm of the company. The transition comes after a roller coaster two years for the plant-based meat industry. Impossible and rival Beyond […]
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Amazon Flex drivers hit by surging gas prices are demanding relief after Uber, Lyft offer help
Uber and Amazon Flex drivers protest the fuel price serge and demand more money outside an Amazon warehouse in Redondo Beach, California, March 16, 2022. Mike Blake | Reuters On Wednesday morning, about 50 delivery and rideshare drivers parked outside an Amazon warehouse near Los Angeles. Signs taped to their car windows showed a jogging […]
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The Fed faces ‘so many unknowns’ now as it digs in to fight against inflation
Federal Reserve officials made a stand Wednesday, switching from champions for employment equality to fighters of inflation. Can they pull it off? Source
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Americans are pausing investments because of the Russia-Ukraine war. Here’s what it could cost them
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of stock market volatility may be a mistake, financial experts say. Two-thirds of Americans worry the conflict will hurt their wallets, with nearly half eager to save more […]
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Companies are raising consumer prices but you have to be a sleuth to detect it
Alexanderford | E+ | Getty Images Americans are paying more for a broad swath of household goods these days. Even items without a higher sticker price may still cost more — it’s just hard to notice at first glance. That’s because some companies have reduced the contents of their packaging. A cannister that used to […]
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Audi expects ‘tremendous interference’ to global supply chain due to Russian-Ukraine war
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as automakers globally, including Audi and its Volkswagen parent company, attempt to maintain supply chains of crucial parts such as semiconductor chips and wire harnesses that […]
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Merck’s Keytruda reduced risk of disease recurrence or death in early lung cancer patients by 24%
Stefanie Joho, 27, stands for a portrait at the home of a friend in Penn Valley, PA on Tuesday, May 9, 2017. Joho, who was diagnosed with colon cancer at 22 years old, has been in remission since February 2016, thanks to an immunotherapy drug targeted at specific mutations that prevents repair of DNA-replication mistakes. […]
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A million new millionaires were created in U.S. last year, and the richest got richer, report says
A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt | Getty Images The roaring stock market and crypto gains created more than a million new millionaires in the U.S. last year, according to a new report. The number of […]
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Hedge funds are doubling down on commodities bets with some notching big gains
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Hedge funds have ramped up their commodity bets as prices surged during geopolitical turmoil, and managers with big exposure are reaping sizable profits. The […]
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Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception […]
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