As the U.S. dollar trades at a 20-year high, Bernstein says these global stocks could benefit
Bernstein has named a raft of global stocks that it says could benefit from the rising strength of the U.S. dollar.
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Beyond Meat (BYND) Q1 2022 earnings miss estimates
Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City.Angela Weiss | AFP | Getty ImagesBeyond Meat on Wednesday reported a wider-than-expected loss for its first…
Peloton took $182 million impairment charge last quarter as inventories piled up
A Peloton stationary bike for sale at the company's showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.Adam Glanzman | Bloomberg | Getty ImagesPeloton's goodwill took a $182 million hit in its previous fiscal quarter as…
Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a broad-based measure of…
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
Bitcoin, the world's largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November.Dan Kitwood | Getty ImagesThe two main tokens from embattled crypto project Terra are now in freefall.UST, a…
New Zealand to open international borders fully to visitors from end-July
A view of the Auckland International Airport's arrivals area on April 13, 2022. New Zealand Prime Minister Jacinda Ardern said on Wednesday the country will fully reopen its international borders from 11:59 p.m. on July 31, with cruise…
Asia-Pacific stocks slip ahead of China, U.S. inflation data
SINGAPORE — Shares in Asia-Pacific were lower in Wednesday morning trade as investors await the release of inflation data from China and the U.S.The Nikkei 225 in Japan shed 0.58% in early trade as shares of conglomerate SoftBank Group…
Cathie Wood says economic indicators 'will start screaming' at the Fed as it hikes rates
Ark Invest's Cathie Wood said Tuesday the U.S. economy will start deteriorating as the Federal Reserve's aggressive tightening goes on.
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Netflix ads, password crackdown expected as early as this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021.Brian Losness | ReutersNetflix could roll out its…
Virgin Orbit assembling fleet of 747 jets to launch more rockets
The modified 737 aircraft "Cosmic Girl" lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021.Virgin OrbitVirgin Orbit is assembling a fleet of modified 747 jets, the company announced…