-
Past Meat says delta fears, labor woes immediate fewer restaurant orders
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…
-
Epidemiologist Larry Sensible on delta variant, vaccinations
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…
-
Wrangler’s mother or father firm CEO says “international casualization” will dominate the attire market
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…
-
CGC, GCI, DKNG and others
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…
-
Loungefly’s geeky backpacks are large enterprise for Funko
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…
-
Walmart presents bonuses to warehouse employees forward of holidays
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.…
-
How altcoins comparable to ether captured increasingly more of the crypto market
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…
-
California closes main hydropower plant amid extreme drought
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…
-
Expedia CEO requires Covid vaccine for everybody however says it isn’t required for workers
Expedia is holding back on a company-wide Covid vaccine mandate even as other large companies begin implementing them, CEO Peter Kern told CNBC on Friday. “We’re trying to find solutions that are most widely used across our entire workforce, but there are no easy answers. … We all have to learn to live with Covid,”…
-
Half of People are actually totally vaccinated, says the White Home
Half of Americans, including all ages, are now fully vaccinated against Covid-19, a White House official said Friday, a major milestone as the nation battles a surge in new infections fueled by the Delta variant. More than 821,000 doses were given from the previous day, including 565,000 people receiving their first syringe, White House Covid…