Month: June 2020

Impossible foods stock is in high demand. However, does this meat-alternative business trade on the stock market? Investors are licking their chops as the interest in plant-based meats rises.
The Impossible burger is available in over 15,000 restaurants around the world. In addition, Starbucks (Nasdaq: SBUX) is rolling out its own Impossible sausage breakfast sandwich across the country. As you can see, these protein-packed substitutes are becoming very popular.

Is Impossible Foods Stock Available?
Impossible foods is a privately-held company with a growing list of famous investors. Its most recent round of financing brought in an interesting group of celebrities. Overall, it’s raised …read more […]

Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s moving the markets Tuesday with Kirk Hartman, Wells Fargo Asset Management President and Global CIO. …read more […]

BTIG Managing Director and Restaurant Analyst Peter Saleh joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss restaurants as the industry looks to recover from COVID-19. …read more […]

(Bloomberg) — American Airlines Group Inc. is set to raise $1.94 billion by selling equity and convertible bonds later this week after increasing the size of both offerings.The stock sale, at $13.50 a share, will generate about $1 billion, American said in a statement Tuesday, confirming details reported by Bloomberg News. That’s a discount of almost 16% compared with the closing price before the deal launched and 9.5% from American’s closing price Monday.The airline also is marketing $1 billion in convertible notes due 2025 with a 6.5% coupon and a conversion price of about $16.20 a share. That’s 20% premium …read more […]

(Bloomberg) — President Donald Trump signed an order Monday temporarily halting access to several employment-based visas, affecting hundreds of thousands of people seeking to work in the U.S. The technology industry said the move would hurt the economy.The order freezes new H1-B and H-4 visas, used by technology workers and their families, as well as L visas for intra-company transfers and most J visas for work- and study-abroad programs, including au pairs, through the end of the year.The issuance of new green cards will also remain halted through the end of the year.The new action will pause some H2-B visas …read more […]

(Bloomberg) — To understand why physical crude oil prices are rising across Europe, look to Russia.The country, one of the world’s largest producers, is curbing its exports to multi-year lows. That’s helped to increase demand for other European grades and recently boosted their values in the market where actual barrels of oil are traded.Combined shipments of Urals crude from Russia’s Baltic and Black Sea ports are set at about 880,000 barrels a day in the first 10 days of July, according to Bloomberg calculations from loading programs. If that rate holds for the remainder of the month, it would be …read more […]

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The latest reason cited by the Nasdaq is in addition to the two bases disclosed last month – public concerns raised by the fabricated transactions and the company’s failure to disclose material information. The Chinese company, which competes with U.S. coffeehouse Starbucks, said the failure to file its annual report was due to delays caused by the COVID-19 pandemic and as it awaits the result of the internal probe. Luckin’s shares have plunged more than 85% since April since the internal probe was announced and has resulted in the company defaulting on a loan secured by pledging millions …read more […]

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Those of us in the authentic food and ecological farming tribe often cite externalized costs as one of the failings of the agri-industrial farming complex.
We point out that the cheap price of food at the cash register does not cover all sorts of things: half of all diarrhea cases, 700 riparian dead zones (the largest of which is the size of Rhode Island in the Gulf of Mexico), superbugs like MRSA and C. diff, antibiotic resistance, asthma for neighbors…
Oh, and animal abuse, health problems for workers, soil erosion…
The list is long and glorious to recite. I’ve done it many times …read more […]

Top news and what to watch in the markets on Tuesday, June 23, 2020. …read more […]

(Bloomberg Opinion) — It’s growing more likely by the day that we’ve reached peak “bored retail trader” in the financial markets.Bloomberg News, The Wall Street Journal and seemingly every financial news publication has now profiled Dave Portnoy, founder of the website Barstool Sports, who has turned to day-trading stocks with sports on hold because of the coronavirus pandemic. Robinhood Financial’s trading app is all the rage, being credited with the shocking rally in shares of bankrupt Hertz Global Holdings Inc. that almost prompted an unthinkable offering of potentially worthless stock. My Bloomberg Opinion colleague Matt Levine has called this entire …read more […]

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(Bloomberg) — Oil resumed gains, clinging to a three-month high as signs of improving demand buoyed a market momentarily roiled by confusion over U.S.-China trade.Futures in New York rose 0.4% after President Donald Trump said the deal with Beijing was “fully intact” following remarks from a trade adviser that were interpreted as an end to the agreement. After earlier dropping 2.4%, crude is now back above $40 a barrel, bolstered in recent days by a lifting of lockdown restrictions in some U.S. states, while physical crude prices have also climbed.Oil has rebounded since plunging below zero in April and is …read more […]

(Bloomberg) — French drugmaker Sanofi expects to win approval for a Covid-19 vaccine in the first half of next year as it strengthens a pact with Translate Bio Inc. to develop other shots in a deal that could be valued at as much as $2.3 billion.The experimental coronavirus vaccine that Sanofi is developing with GlaxoSmithKline Plc was previously targeting approval in the second half of 2021.Sanofi’s program with Glaxo is one of dozens sprinting to deliver a vaccine to help end the pandemic. Others like the university of Oxford, working with AstraZeneca Plc, Moderna Inc. and CanSino Biologics Inc. have …read more […]