Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill.
Mattel Inc will have a new line of “Baby Yoda” toys ready to hit shelves in time for Christmas, the company said on Tuesday, as it looks to chart a recovery from a steep drop in first-quarter sales due to the coronavirus lockdowns.
“The food supply chain is breaking,” Tyson Foods (NYSE: TSN) warned in April.
Prices for eggs, bacon and beef are already soaring. But this may merely be the beginning.
That most dreaded word – “shortage“ – is flitting around. And a food shortage in the midst of a pandemic is the last thing Americans need.
For investors, we have to recognize which companies are going to suffer from this situation. And which are going to profit.
So, with what’s supposed to be the start of barbecue season (Memorial Day weekend) around the corner, the looming meat shortage is our focus for this week’s Making …read more […]
Walt Disney Co estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland next week.
Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write downs, and the troubled oil producer cut its budget for the third time since March in response to the historic crash of oil prices.
Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app “Tinder” as fewer people signed up and paid for its premium features amid the COVID-19 pandemic.
Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% after the bell.
Beyond Meat reported Q1 earnings that beat expectations as concerns about a meat-shortage rise. Yahoo Finance’s Jen Rogers, Myles Udland and Brian Sozzi discuss. …read more […]
Pinterest missed investors’ expectations on earnings per share but beat on revenue in its first-quarter earnings report. The company said monthly active users jumped 26% to 367 million globally during the quarter and it saw record levels of engagement.Pinterest withdrew its full-year outlook in April. Yahoo Finance’s Myles Udland and Jennifer Rogers break down the earnings report. …read more […]
On Tuesday, Disney announced its second-quarter earnings report which beat investors’ expectations on the top line while missing on the bottom. The entertainment company cited that coronavirus had a major impact on the parks and experiences sector, though it offered no guidance for the third quarter. Yahoo Finance’s Myles Udland and The Final Round panel break down the earnings report. …read more […]
Beyond Meat Inc posted better-than-expected quarterly sales on Tuesday, but suspended its 2020 forecast as the COVID-19 pandemic hit demand for the company’s plant-based meat products at restaurants.
Vegetarian burger maker Beyond Meat plans to offer large value packs and discounts to some U.S. retailers this summer, hoping to grab a larger share of the market as prices for beef rise due to COVID-19-related production disruptions.
Pinterest, however, withdrew its full-year outlook in April, citing growing uncertainty due to the impact of the pandemic on the economic environment and its effect on advertiser demand. Pinterest’s total revenue rose 35% to $272 million, beating analysts’ average estimate of $270.1 million, according to IBES data from Refinitiv. Pinterest generates revenue by placing advertisements next to the pins, or posts, uploaded on the site by users. …read more […]
Walt Disney Co missed market expectation for quarterly profit on Tuesday, offering the first assessment of the damage the coronavirus has wreaked on the media and entertainment giant’s global business.
Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, driven by higher sales in its major franchises like “FIFA” and “Apex Legends” as broader videogame sales rose with people staying at home due to the COVID-19 pandemic.
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