4:58 p.m. Sept. 19, 2019
Beyond Meat Poaches Tesla’s Head of Solar to Be New Operating Chief
Beyond Meat announced Thursday afternoon that former Amazon.com and Tesla executive Sanjay Shah will be the meat-alternative company’s chief operating officer.
3:22 p.m. Sept. 19, 2019
- By Quentin Fottrell
Here’s the No. 1 highest paid, most in-demand job in every U.S. state The worst paid profession improves the quality of life of millions of Americans and their elderly family membersThe worst paid profession improves the quality of life of millions of Americans and their elderly family members.
1:14 p.m. Sept. 19, 2019
- By Jeremy C. Owens
Beyond Meat poaches Tesla's head of solar to be new operating chiefBeyond Meat Inc. announced Thursday afternoon that former Amazon.com Inc. and Tesla Inc. executive Sanjay Shah will be the meat-alternative company's chief operating officer. Shah was most recently senior vice president of Tesla's solar business, a role he took on in 2018, though last month that he was no longer in charge of the unit. He went to Tesla from Amazon, where he served in a variety of roles from 2011 to 2018. "Sanjay's focus on making operational excellence a sustained competitive advantage, his experience in and appetite for global expansion, along with shared values and a tireless work ethic, makes him a welcome addition to the Beyond Meat family," Beyond Meat Chief Executive Ethan Brown said in Thursday's announcement. As COO of Beyond Meat, Shah will be responsible for the company's global operations and production. In a filing with the Securities and Exchange Commission, Beyond Meat said that Shah would receive a $450,000 sign-on bonus and stock awards totaling $7 million, with $3.5 million in shares vesting on the first anniversary of his hire and the rest vesting on a quarterly basis through his second year. Shah will have a $440,000 annual salary and a targeted bonus of 50% of his salary, and be able to purchase additional shares.
10:13 a.m. Sept. 19, 2019
Airbnb Will Go Public Next Year as ‘Unicorn’ IPOs Continue
The announcement comes during a busy year for big-name IPOs, including Uber, Lyft, and Beyond Meat.
7:32 a.m. Sept. 19, 2019
Buy Beyond Meat Stock Because It Could Be Even Bigger Than the Hype, Analyst Says
Barclays sees long-term growth potential for Beyond Meat stock and says this time is different for vegetable-based protein.
6:42 a.m. Sept. 19, 2019
- By Tonya Garcia
Here’s how Beyond Meat can lose the lead in the plant-based meat category to Tyson Other players like Kellogg and Hormel Foods are going to make the plant-based meat space more crowded CFRA analyzes the plant-based meat space and the competition that’s heating up between a number of players.
6:14 a.m. Sept. 19, 2019
- By Tonya Garcia
Beyond Meat rival Impossible Foods making grocery store debutPlant-based food company Impossible Foods will launch its Impossible Burgers in 27 Gelson's grocery stores across southern California on September 20. The Beyond Meat Inc. rival will add East Coast grocery stores later this month and continue to add grocers into early 2020, according to the Impossible Foods announcement. Impossible Foods is a privately-held company. The Impossible Burger is already on the menu at 17,000 restaurants, including Burger King, which offers the Impossible Whopper. Burger King is part of the Restaurant Brands International Inc. portfolio. To celebrate the launch, Impossible Foods is hosting events in California. Gelson's has been in operation since 1951. It will sell 12-ounce packages of Impossible Burgers for $8.99 in meat cases, both fresh and frozen.
1:15 a.m. Sept. 19, 2019
Beyond Meat Stock Is Volatile. Wall Street Is Excited Anyway.
Beyond Meat stock is volatile. That hasn’t stopped Wall Street from feeding the frenzy over the stock.
5:24 a.m. Sept. 18, 2019
- By Rachel Koning Beals
Vegetarian diets can’t save Earth, but eating less meat might Increased demand for dairy requires a lot of energy and chemicals, Johns Hopkins study on hunger emphasizes Scientists at the Johns Hopkins University Bloomberg School of Public Health find that diets in which meat, fish or dairy products are consumed only once a day would negatively impact emissions and water supplies less than a full vegetarian diet including milk and eggs.
2:05 a.m. Sept. 17, 2019
Here’s How Much the Fastest Growing Jobs in the U.S. Pay
The worst paid profession improves the quality of life of millions of Americans and their elderly family members
9:50 a.m. Sept. 14, 2019
- By Nicole Lyn Pesce
This teen went blind and partially deaf after only eating Pringles, French fries and white bread for a decade The British patient developed a nutritional deficiency that’s rare in developed countries. The British patient developed a nutritional deficiency that’s rare in developed countries.
9:10 a.m. Sept. 14, 2019
- By Meera Jagannathan
This woman slashed her grocery bill using tricks she picked up working at Whole Foods Budget Bytes founder Beth Moncel swears by a carefully calibrated ratio of cheap ingredients to expensive onesBudget Bytes founder Beth Moncel swears by a carefully calibrated ratio of cheap ingredients to expensive ones.
6:08 a.m. Sept. 14, 2019
- By Myra P. Saefong
Lean hogs rally as China exempts pork from additional tariffs on U.S. goods China’s move comes as African swine fever continues to kill off its hog herdsBeijing’s decision on Friday to exempt pork from additional tariffs on U.S. goods follows a spike in China’s pork prices, as the nation continues to struggle with the decimation of its hog population that continues to suffer from African swine fever.
7:01 a.m. Sept. 13, 2019
- By Tonya Garcia
Beyond Meat replaces grilled steak on the Just Salad menuJust Salad, a New York City-based fast-casual chain, has added Beyond Meat to its menu, replacing grilled steak with Beyond Beef Meatballs. The plant-based alternative will be a feature of the Keto Zoodle Bowl, made with zucchini noodles, grape tomatoes and roasted balsamic mushrooms. Just Salad has a "Green Standard" sustainability initiative that aims to send zero waste to landfills by 2025 and save 100,000 pounds of plastic this year through the use of reusable bowls. Just Salad highlights data showing that beef is one of the least sustainable meat products. "The future of food is plant-based," said Janani Lee, Just Salad's chief sustainability officer. Beyond Meat has been introduced to a number of quick service and fast casual menus recently, including Dunkin' Brands Inc. and Uno Pizzeria. Beyond Meat stock has gained 9.6% over the last three months while the S&P 500 index is up 20.3% for the period.
4:22 a.m. Sept. 13, 2019
- By Chris Matthews
The Great Rotation: Can the value rally last? Value stocks have outperformed in SeptemberFor a rotation into value stocks to continue interest rates will have to start rising, either due to a imminent rebound in global economic growth or following a mild recession
4:50 p.m. Sept. 12, 2019
- By Mike Murphy
If you have questionable taste and a lot of money, this hot dog couch is for you $7,100 sofa from Neiman Marcus sends internet into a tizzyWho doesn’t love a good hot dog?
9:32 a.m. Sept. 12, 2019
- By Brian Mastroianni
Good Company: How the Online Art Platform Alpha’a Supports Brazil’s RainforestsThe New York-based company connects 7,000 different artists and businesses around the world
5:51 a.m. Sept. 12, 2019
Walmart Undercuts Amazon With Its Subscription Grocery-Delivery Pricing
Walmart is expanding its grocery subscription service. And at $98 a year, it is much cheaper than Amazon.com’s.
5:40 a.m. Sept. 11, 2019
Peloton Could Be Worth $8 Billion in Its IPO
The maker of interactive at-home exercise bikes and treadmills with online personal training classes, set a range for its initial public offering that could value the company at more than $8 billion.
11:35 a.m. Sept. 10, 2019
- By Abby Schultz
Future Returns: Investing in the ‘Food Revolution’UBS on the trends driving innovation in food and agriculture
11:25 a.m. Sept. 10, 2019
- By Tonya Garcia
Beyond Meat burgers and vegan cheese coming to Uno Pizzeria & Grill menuUno Pizzeria & Grill said Tuesday that it is adding Beyond Meat Inc. burgers and vegan cheese to menus at nine East Coast locations and rolling out the items nationwide this fall. The addition comes after talks with PETA, Uno said in a statement. Beyond Meat has recently partnered with a number of chains, including Yum Brands Inc.'s KFC and Dunkin Brands Inc. . Beyond Meat stock is down 2.2% in Tuesday trading, and down 13% over the past three months. The S&P 500 index is up 2.7% for the last three months.
6:18 p.m. Sept. 9, 2019
China's consumer inflation rises in AugustBEIJING--China's consumer inflation beat market expectations in August thanks to a surge in pork prices, official data showed Tuesday. The consumer price index rose 2.8% in August from a year earlier, matching the level in July, data from the National Bureau of Statistics showed. The rise in the key inflation gauge exceeded the median 2.6% gain forecast by 14 economists in a poll by the Wall Street Journal.
5:43 a.m. Sept. 9, 2019
WeWork Could Cut Valuation Below $20 Billion As Existing Investors call for IPO Delay
WeWork’s parent company could slash its valuation below $20 billion or even postpone its IPO plans.
11:58 a.m. Sept. 6, 2019
Beyond Fish? Tyson Foods Moves Into Alternative Shrimp.
The big meat-processing company is investing in New Wave Foods, a seafood-focused counterpart to Beyond Meat and Impossible Foods.
8:30 a.m. Sept. 6, 2019
- By Tomi Kilgore
Beyond Meat's stock falls after D.A. Davidson analyst starts coverage with a rare bearish ratingShares of Beyond Meat Inc. sank 3.2% in midday trading Thursday, after analyst Brian Holland at D.A. Davidson started coverage of the plant-based meat company with a rare bearish rating, citing concerns over the total addressable market of "non-meat" eaters over the longer term. Holland started Beyond Meat at underperform, which at D.A. Davidson implies and expectation that the stock will lose over 15% of its value on risk-adjusted basis over the next 12-to-18 months. His $130 stock price target is 17% below current levels. Of all the companies covered by D.A. Davidson analysts, only 1% have underperform ratings. Holland said his bearish thesis doesn't reflect a negative view of the company, which he believes has achieved a "significant breakthrough" to legitimize a nascent segment within the $1.4 trillion total meat market. "Rather, our cautious approach to the total addressable market--specifically, fewer likely frequent purchasers of plant-based meat as compared to mill given roughly half the number of non-meat eaters versus lactose intolerance--informs long-term forecasts we believe are lower than the consensus view," Holland wrote in a note to clients. The stock has still run up 56.6% over the past three months, and was trading more than 6-times its . Meanwhile, the Renaissance IPO ETF has gained 1.9% the past three months and the S&P 500 has advanced 4.8%.
6:23 a.m. Sept. 6, 2019
- Associated Press
China slams Canada after Trudeau criticizes the country’s ‘arbitrary’ detentions Trudeau said China was ‘using arbitrary detention as a tool to achieve political goals’Trudeau said China was ‘using arbitrary detention as a tool to achieve political goals.’
5:21 a.m. Sept. 6, 2019
Beyond Meat Gets Little Love on Wall Street. Another Broker Just Said to Sell.
D.A. Davidson began coverage of the alternative-meat stock with a Sell rating.
3:54 a.m. Sept. 6, 2019
The Dow Is Up Ahead of Jobs News. Lululemon Gains and Beyond Meat Falls.
Stocks are still moving on results, reported late in the second-quarter earnings season. It isn’t all about earnings, though. States’ attorneys general are launching an antitrust probe into Facebook and Alphabet.
2:30 a.m. Sept. 6, 2019
- Associated Press
H&M stops buying leather from Brazil over Amazon firesLow-cost fashion retailer H&M said Friday it is suspending leather purchases from Brazil to make sure it is not supporting cattle farming that may be contributing to the fires in the Amazon rainforest.
11:09 a.m. Sept. 5, 2019
- By Tomi Kilgore
Tyson Foods invests in plant-based shellfish company New Wave FoodsTyson Foods Inc. said Thursday that it has invested in San Francisco-based plant-based shellfish company New Wave Foods. The food company, which brands include Jimmy Dean, Hillshire Farm and Ball Park, said it made the investment through its corporate venture subsidiary Tyson Ventures. Tyson said New Wave Foods plans to have a shrimp alternative ready for food service operators in early 2020. The announcement comes about three months after Tyson introduced new plant-based nuggets and "blended" burgers, which are made with a combination of meat and plants. Tyson's stock, which slipped 0.4% in afternoon trading, has gained 6.4% over the past three months. In comparison, Beyond Meat Inc's stock has shot up 60% over the past three months and the S&P 500 has tacked on 5.4%.
4:54 a.m. Sept. 4, 2019
Tyson Is Dropping After It Cut Earnings Guidance
Tyson shares, recently at all time highs, hit a bump in the road for a trio of short-term issues. The shares shouldn’t be in the penalty box with investors for long.
8:22 a.m. Sept. 3, 2019
The 5 Best Stocks So Far This Year
The stock market has kept investors busy in 2019, with an on-and-off trade war, the Federal Reserve in the spotlight, inverted yield curves, and significant volatility. Check out the best-performing stocks in the S&P 500 through Labor Day.
1:30 a.m. Sept. 3, 2019
The 4 Best IPOs So Far This Year
It’s been a comeback year for the IPO market. Here are the top performers year to date.
5:00 a.m. Sept. 2, 2019
- By Brett Arends
This new study calculates the amount of extra food the world produces due to waste and overeating The global obesity epidemic is also an environmental catastrophe, scientists have warnedThe global obesity epidemic is also an environmental catastrophe, scientists have warned.
4:58 a.m. Sept. 2, 2019
- By Leslie Albrecht
KFC is selling meatless fried chicken — is it actually healthier than the real thing? The CEO of Whole Foods, who’s vegan, questioned the nutritional value of fake meats from companies like Beyond MeatThe CEO of Whole Foods, who’s vegan, questioned the nutritional value of fake meats from companies like Beyond Meat.
7:13 a.m. Aug. 31, 2019
- By Meera Jagannathan
Making this simple change to your diet could help you live longer and reduce your risk of cardiovascular disease by 16% New research published in the Journal of the American Heart Association has some straightforward adviceNew research published in the Journal of the American Heart Association has some straightforward advice.
4:30 p.m. Aug. 30, 2019
Beyond Meat’s Test at KFC Shows There’s a Market for Alternative Chicken
The foray demonstrates that the alternative-meat industry’s initial beef-mimicking products are just beginning for plant-based protein
1:18 p.m. Aug. 29, 2019
- By Rachel Koning Beals
Number of young Republicans concerned about environment jumps in last five years Quinnipiac shows majority considers climate change an emergency, light rail moves along in Phoenix and more from today’s headlinesDispatches from the business of climate change.
5:51 a.m. Aug. 29, 2019
- By Steven Kutz
ESPN’s Rennae Stubbs on what it’s like to cover a Grand Slam like the US Open — and why she invested in Beyond Meat The former No. 1 doubles player in the world chats with MarketWatch about her tennis career, what it takes to be a successful doubles player, and what she looks for in an investmentThe former No. 1 doubles player in the world chats with MarketWatch about her tennis career, what it takes to be a successful doubles player, and what she looks for in an investment.
3:55 a.m. Aug. 29, 2019
Sanderson Farms misses estimates for Q3Sanderson Farms Inc. SAFM missed Wall Street forecasts for sales and profit in its latest quarter, hurt in part by weaker prices for some chicken products. Overall, the poultry processor reported sales of $945.2 million for its fiscal third quarter, up 11% from the comparable period last year. Analysts polled by FactSet forecast $958.6 million for the quarter that ended July 31.