U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
Aarti Borkar from IBM Security says artificial intelligence bias can exist at three levels: the program, the data and the people who design those AI systems.Cybersecurityread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
Shares in German meal-kit delivery firm HelloFresh slumped on Monday after it said it no longer expected to break even in the fourth quarter of this year as it plans to invest margin profits to support growth.
HelloFresh added it now planned to achieve such break-even on adjusted earnings before interest, taxes, depreciation and amortization (AEBITDA) basis during the course of 2019.
The company's shares were down 6.6 percent as of 0800 GMT, while the German small-cap index traded 0.8 percent lower.
It follows other companies across the online takeaway and meal-kits sector such as Delivery Hero or Just Eat, who decided to shelve profitability targets this year and spend heavily in order to gain greater market share.
HelloFresh, which competes with struggling U.S. rival Blue Apron, said investments would include such measures as price reductions, increase in meal selections in the U.S. market and scaling up of a new value brand.
The margin on AEBITDA improved by 6.1 percentage points to negative 1.2 percent in the second quarter, the company said.
Excluding the impact from Green Chef, acquired in March, HelloFresh already achieved break-even at the AEBITDA margin on a group level.
At the same time, the company raised its target for 2018 constant-currency revenue growth, excluding Green Chef, to 32 to 37 percent, from previously 30 to 35 percent.
Revenues at constant currencies grew 48 percent in the second quarter to 339.9 million euros ($387.21 million), with 43 percent growth in the United States and 55 percent in the international segment.
Blue Apron said on Aug. 2 its second-quarter revenue fell 25 percent, missing analysts' estimates, as fewer customers signed up for its service.