Beyond Meat eliminates supply chain chief role after exec steps down

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat said on Friday it would eliminate the role of chief supply chain officer after Bernie Adcock notified he would step down from the role, effective Sept. … Read more

Outperforming multi-asset fund manager reveals short positions

Hawkish comments from Federal Reserve officials and a hotter-than-expected August inflation report have weighed on stock markets in recent weeks as investors grapple with the prospect of higher-for-longer rate hikes even as recession concerns mount. The Fed announced a third consecutive 75 basis point hike on Wednesday that took its federal funds rate up to … Read more

Apple, Estee Lauder, Cisco, Micron, Costco

Here are Wednesday’s biggest calls on Wall Street: Barclays downgrades Cisco to equal weight from overweight and upgrades Arista to overweight from equal weight Barclays said in its downgrade of Cisco that it sees macro risks. The firm also upgraded Arista and said the computer networking company has “resilient cloud demand.” “We are upgrading ANET … Read more

General Mills, Stitch Fix, Beyond Meat and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. Stitch Fix … Read more

5 things to know before the stock market opens Wednesday, September 21

Trader on the floor of the NYSE, Sept. 20, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Decision day Investors are bracing for the Federal Reserve’s rate announcement Wednesday. A three-quarter-point increase in the benchmark rate is baked in, but markets are seeking more … Read more

Beyond Meat suspends operating chief Doug Ramsey after arrest for alleged nose biting

Douglas Ramsey Source: Washington County, Arkansas Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. The company said in a statement on Tuesday afternoon that Jonathan Nelson, the company’s senior vice president of manufacturing operations, will … Read more

Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose

Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage following a college football game. Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail on Saturday evening. He was … Read more

Kohl’s, Broadcom, Lululemon and more

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl’s — Shares of the retailer jumped 7.8% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to … Read more

Lululemon, Broadcom, Starbucks and more

Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting better-than-expected quarterly results and issuing an upbeat outlook. The athletic apparel and leisurewear maker said it continues to see strong sales momentum. Broadcom (AVGO) – Broadcom rose 2% in premarket trading after quarterly earnings and … Read more

Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama/Getty Images Check out the companies making headlines in … Read more