Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The group, whose chairman is J.P. Morgan CEO Jamie Dimon, blamed tension with China and the stalled free-trade agreement with Mexico and Canada for its members' downbeat...Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
Central Park Tower is not just a new building – it's a statement. Topping off at 1,550 feet, with 131 floors, it will be the tallest residential building in the world. It may...Wealthread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Beyond Meat has landed yet another partnership.
HelloFresh will start offering the Beyond Burger in its U.S. meal kits the week of Sept. 14. The vegan burger has been on the Berlin-based company's menus in Canada since July.
Its U.S.-based competitor Blue Apron announced last month its own partnership with Beyond Meat, sending its shares surging. In June, Blue Apron completed a reverse stock split in order to keep its stock price above $1 and avoid being delisted on the New York Stock Exchange.
While Blue Apron has struggled to cope with disloyal subscribers and competition from newer meal kit companies, HelloFresh on Tuesday reported its first profitable quarter since going public on the Frankfurt Stock Exchange in 2017. Its international business has been profitable for the last two years.
HelloFresh CEO and co-founder Dominik Richter chalks the company's success up to its understanding of its customers, including the latest trends grabbing their attention. That includes the meatless meat trend, led by Beyond and its rival Impossible Foods.
"We know that the appetite for vegetarian or vegan alternatives to meat is definitely a trend that we can pick up in customer sentiment across HelloFresh," Richter said in an interview.
Flexitarians — people who are looking to reduce their meat intake — are driving the plant-based meat trend. The NPD Group found that 95% of buyers of vegan burgers also bought beef burgers in the last year. The market for meat substitutes is expected to hit $2.5 billion by 2023, according to Euromonitor estimates.
Investor enthusiasm for Beyond's potential to capitalize on the trend has driven the stock price up 480% since its May initial public offering. Beyond shares jumped 2% during morning trading Monday. The company holds 2.1% of the market share for meat substitutes, according to Euromonitor. In recent weeks, however, the stock has tumbled following a secondary share offering and a broader market sell-off.