Oil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images Oil prices slid on Monday, building on last week’s steep losses, as rising Covid cases prompted fears of a demand slowdown. West Texas Intermediate crude futures declined 3.6% to trade…

BARCELONA, SPAIN – AUGUST 08: (Editor’s Note: Alternative Harvest) Lionel Messi of FC Barcelona faces the media during a press conference at Nou Camp on August 08, 2021 in Barcelona, ​​Spain. Eric Alonso | Getty Images Sports | Getty Images Lionel Messi has received a formal two-year contract offer from Paris Saint-Germain. The French club…

Ethan Brown, founder, president and CEO of Beyond Meat Adam Jeffery | CNBC The Covid delta variant and labor challenges are resulting in fewer orders of Beyond Meat products from restaurants. CEO Ethan Brown told analysts on Thursday that independent restaurant operators stocked up on Beyond’s meat alternatives in the quarter ended July 3, helping…

The pandemic is not coming to an end soon — given that only a small proportion of the world population has been vaccinated against Covid-19, a well-known epidemiologist told CNBC. Dr. Larry Brilliant, an epidemiologist who was part of the World Health Organization’s team that helped eradicate smallpox, said the delta variant is “maybe the…

The boom in leisurewear resulting from the Covid pandemic will continue to lead apparel sales, Scott Baxter, president and CEO of Kontoor Brands, told CNBC on Thursday. “You’ve seen a global casualization taking hold right now, so I’m telling people it’s not cyclical, this is here to stay. This is what the world will look…

Check out the companies that make the headlines before the doorbell rings: Canopy Growth (CGC) – The Canadian cannabis producer’s stocks rose 1.9% ahead of the market after posting an unexpected quarterly profit on rising marijuana demand and cost reductions. Profit comes even if revenue falls short of Wall Street forecasts. Gannett (GCI) – USA…

Guests attend the FunKon Loungefly Fashion Night at Funko Hollywood on August 02, 2021 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images You can tell from the Star Wars posters on the walls of their home and the shelves full of Disney Princesses and Masters of the Universe merchandise that…

A Walmart package is unloaded from a trailer to be sorted at a FedEx ground hub in Hagerstown, Maryland. Andrew Harrer | Bloomberg | Getty Images Walmart is giving weekly bonuses to warehouse workers, as the retail giant competes in a tight labor market and ramps up for the holiday season, the company told CNBC.…

Altcoins have become an increasingly larger part of the crypto market since the beginning of 2021. “Crypto and blockchain is about moving money and property rights onto the internet,” said Matt Hougan, Bitwise chief investment strategist. “That’s one of the largest addressable markets that the internet has ever attacked.” At the start of 2021, bitcoin…

In this aerial view, houseboats sit on Lake Oroville at low tide as the California drought emergency worsens in Oroville, California on July 25, 2021. Robyn Beck | AFP | Getty Images SANTA MONICA, Calif. – California closed a large hydropower plant on Lake Oroville when the water level fell near the minimum required to…