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Stocks making the biggest moves in the premarket: Palantir, Signify Health, Global Blood Therapeutics and more

Take a look at some of the biggest movers in the premarket: Palantir (PLTR) – The data analytics company’s stock plunged 15.6% in premarket trading after it reported an unexpected quarterly loss, and lowered its full-year forecast due to the uncertain timing of some government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning […]

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The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to […]

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Business

Stocks making the biggest moves midday: Palantir, Rivian, Uber and more

Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir’s first-quarter earnings came […]

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Cramer’s week ahead: Own recession-proof names and have cash ready for when stocks ‘come roaring back’

CNBC’s Jim Cramer said Friday that enduring the current market is a waiting game for a rally — and investors need to be prepared for when that happens. “Your portfolio should be split among some cash and some stocks that can thrive in a recession. … You need to accept the fact that we’re simply […]

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Business

Stocks making the biggest moves midday: Chegg, Expedia, BP and more

James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Paramount Global – Shares fell 1.7% after the entertainment giant reported first-quarter revenue below expectations. The […]

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Amazon to conduct racial-equity audit led by former Attorney General Loretta Lynch

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will conduct a racial-equity audit of its hourly workers after shareholders urged the company to provide more transparency into how its policies affect diversity, equity and […]

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Business

Kroger, Impossible Foods partner to create meat substitutes; Beyond Meat shares fall

Impossible Pork Char Siu Buns are sampled during an Impossible Foods press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada. David Becker | Getty Images News Kroger announced Friday at an investor event that it has partnered with Impossible Foods to create meat substitutes for […]

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Beyond Meat shares tumble after reporting wider-than-expected loss, shrinking revenue

Beyond Meat on Thursday reported a wider-than-expected loss and shrinking revenue for its fourth quarter as it shifts its focus from slumping grocery sales to scaling its production for large fast-food launches. The new year kicked off with the debut of KFC Beyond Fried Chicken, while February brought an expanded test for McDonald’s McPlant burger, […]

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Business

Kraft Heinz wants to make plant-based hot dogs through new joint venture

Hot dogs could be the next grocery store item to get a plant-based makeover. Kraft Heinz announced Tuesday that it is forming a joint venture with The Not Company, a Chilean startup valued at $1.5 billion that creates plant-based substitutes for eggs, milk and meat. Shares of Kraft Heinz closed up 5% Tuesday on the […]

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Business

Weber, Rivian, Tyson and more

Weber, which plans to trade on the New York Stock Exchange under the ticker ‘WEBR’ could be valued between $4 billion and $6 billion. Scott Olson | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Weber – Shares of the grill maker tumbled 8.7% after the company missed […]