Tag: Marketwatch

Beyond Meat Inc. BYND, +5.80% began selling plant-based pork patties in China on the company’s Tmall store on Tuesday. Available in classic and spicy flavors, this is the second plant-based pork product Beyond Meat has launched in China. The other, Beyond Pork, is a ground plant-based pork product that became available in 2020. The new […]

Shares of Fastly Inc. FSLY, -5.98% were falling 4% in premarket trading Tuesday after RBC Capital Markets turned bearish on the cloud-computing stock. “Fastly scores low on our five-factor recession framework, therefore we believe it will see a disproportionate impact in the downturn, owing to its consumption-based model, high startup exposure, lack of profitability, and […]

Internet Brands Inc. said Tuesday it drew an enterprise value of $12 billion as part of a recapitalization in which Warburg Pincus invested an undisclosed sum in the El Segundo, Calif.-based online media and software services company. KKR & Co. Inc. KKR, +0.97% will remain the majority investor in Internet Brands, with existing investor Temasek […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Shares of companies in the cryptocurrency business powered higher Monday, after bitcoin BTCUSD, +1.69% rallied toward a fourth-straight gain, and the first close above the 22,000 in a month. Among those that are all about crypto, shares of Marathon Digital Holdings Inc. MARA, +21.39% shot up 23.3%, Riot Blockchain Inc. RIOT, +11.85% ran up 18.3% […]

Gold futures on Monday posted their first gain in three sessions, as a pullback in the U.S. dollar helped to lure investors after prices suffered declines in each of the last five weeks. “If the metal market views begin to think rapidly rising interest rates might not deter inflation, that could begin to discourage aggressive […]

Oil futures climbed on Monday, with U.S. benchmark crude prices ending back above $100 a barrel for the first time in a week. U.S. prices rebounded back above the key level after President Joe Biden came away from with Saudi Arabia “empty handed, as he urged the Saudis to increase output to combat higher prices,” […]

Kirkland’s Inc. KIRK, +0.51% said late Monday Chief Financial Officer and Chief Operating Officer Nicole Strain will be leaving the home furnishings company effective Aug. 31. The company said it sarted the search for a replacement and until it names a successor it will rely on a newly formed Office of the CFO, to be […]

Apple Inc. AAPL, -2.06% was sued on Monday in a class-action lawsuit alleging it denies access to Apple Pay mobile wallet technology that could be used to develop competing mobile wallet apps on iOS devices. The lawsuit, filed on behalf of financial institutions and credit unions in San Francisco federal court, seeks unspecified triple damages, […]

While the Big 3 stock market indexes are all falling, market internals are suggesting the broader stock market is rallying. The Dow Jones Industrial Average DJIA, -0.69% fell 60 points, or 0.2%, the S&P 500 SPX, -0.84% declined 0.3% and the Nasdaq Composite COMP, -0.81% slipped 0.1%. Meanwhile, the number of advancing stocks outnumbered decliners […]