After years of phenomenal growth, Beyond Meat has recorded declining annual sales since 2022. It has never turned an annual profit.
Read More Boom to bust: Beyond Meat struggles to stay relevant
Tag: Barclays
Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom
The results beat expectations and marked the company’s best quarterly performance ever amid strong demand for wearable products such as the smart glasses.
Read More Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom
S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
AI stock shock could spark broader gains in US market
A development in the field of AI that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares.
Read More AI stock shock could spark broader gains in US market
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
Read More Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll