Beyond Meat is cutting 4% of its global workforce, saying the layoffs are part of its plan to reduce costs as inflation prompts consumers to buy less-expensive protein. The California-based company, w...
Tag: Corporate
Berkshire Buys Buffett Successor’s Stake in Prized Utility Unit
Text size Photo by CHANDAN KHANNA/AFP via Getty Images Berkshire Hathaway bought a 1% stake held by Vice Chairman Greg Abel in the company’s big electric utility business for $870 million in cash, hig...
Buffett’s Berkshire Hathaway reports $44 billion loss as portfolio value falls
Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many op...
Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility
Berkshire Hathaway earnings slid in the second quarter as market turmoil weighed on the company’s massive stock portfolio. The Omaha, Neb.-based company, which owns businesses ranging from insurer Gei...
Ex-Advisor Sentenced to 22 Years in Prison for Ponzi Scheme
A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...
10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
Hedera Hashgraph – Will the Hedera Patents Lead to Corporate Blockchain Adoption and 10x soon?
Hedera Hashgraph was developed to prepare protocols with decentralized governance by employing the hashgraph consensus mechanism. The technology behind Hedera is anticipated to merge the strength of B...
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its po...
Oracle Lays Off Hundreds of Employees
Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...
Opinion: Step aside, FAANMGs. This new crop of tech companies are the ones to watch for the next decade.
Investors have had a change of heart after selling technology stocks for the better part of eight months. There has been a trend reversal after bellwether tech companies reported earnings for the mo...
Apple’s enviable cash hoard is dwindling — and that’s surprisingly good news for the stock price
Apple’s cash position is plunging, and that’s positive for both the business and the company’s shareholders. Yet many investors and Wall Street analysts see signs of trouble that Apple’s AAPL, -0.14% ...
I hired a financial planner, but they’ve already lost $70K. What should I do?
Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial ...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Tesla’s Annual Meeting Is Done. Here’s What Happened.
Tesla wants to grow production by 50% a year. It soon may need another plant or major plant expansion to do so. Mario Tama/Getty Images Text size Tesla ’s huge base of retail investors always likes to...
Cloudflare stock rallies 25% following earnings beat, raised revenue outlook
Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudfl...
Warner Bros. Discovery stock slammed after earnings debut
In its first earnings report since bringing in HBO Max and other WarnerMedia properties, Warner Bros. Discovery Inc. on Thursday missed revenue expectations by roughly $2 billion and reported a large ...
Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities tha...