Tyson Foods sold its stake in Beyond Meat, an alternative protein company, set to go public next week. Relations between the two companies had become tense, particularly after Tyson CEO, Noel White, announced that the company will be creating its own plant-based protein products last February, multiple sources confirmed to […]
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Chevron may have to sweeten offer for Anadarko after rival Occidental bid
Energy giant Chevron may have to sweeten its $33 billion offer for Anadarko Petroleum after fellow driller Occidental Petroleum put a higher bid on the table, analysts say. Occidental is offering Anadarko shareholders $76 per share in cash and stock, in a deal valued at $57 billion first reported by […]
Tesla should be valued at less than $100 a share, investor says
Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. One strategist said it should get even worse for the electric car maker. “This is a company that has a cult following – people that believe that [Elon Musk] is changing […]
JP Morgan lays out a blueprint for how this record run in the stock market will keep going
A recovery in global growth, as well as another record year for corporate buybacks should boost earnings and stock prices, driving the the S&P 500 to 3,000 this year, according to J.P. Morgan equity strategists. The strategists reiterated their call Wednesday for the S&P to reach 3,000 this year, based […]
Trump’s Fed pick Moore in trouble again, once called Cincinnati and Cleveland ‘armpits of America’
President Donald Trump‘s pick to a fill a vacancy at the Federal Reserve has run into more trouble thanks to remarks he made in the past. Video has surfaced of Stephen Moore, whom Trump said he intends to nominate for a central bank post, making disparaging remarks about Cleveland and […]
The most prolific people on Twitter are mostly women, Pew survey finds
Women make up the majority of Twitter’s most prolific users, a new Pew Research Center survey has found. In a report published Wednesday, researchers found a number of differences between Twitter’s most active users compared to the majority of people on its platform. According to Pew, an estimated 80% of […]
James Franco’s former Los Angeles home is for sale for $6.25 million—take a look inside
Actor James Franco has listed his 5,215-square-foot Los Angeles home for sale for $6.25 million. Take a look inside. The Spanish-style villa was originally built in 1923. I has four-bedrooms, five bathrooms and sits across the street from Chateau Marmont, a legendary hotel frequented by celebrities, according to the listing […]
JP Morgan just promoted 117 people to Wall Street’s top rank, including a record number of women
J.P. Morgan Chase’s Wall Street division just promoted 117 people to its highest rank of managing director, and a record number of women earned the title. Of this year’s incoming class of managing directors, 26% were women, up from 18% last year, according to a person with knowledge of the […]
Apple’s doing something it hasn’t done in more than a decade
Apple seems to be bucking the bears. The stock has been trading well above Wall Street’s average price target of $195, settling at $207 on Tuesday after gaining more than 1%. Still, Wall Street analysts are the most bearish they have been on the stock in years, with 16 buy […]
Stocks making the biggest moves premarket: Boeing, Anadarko Petroleum, Caterpillar, AT&T & more
Check out the companies making headlines before the bell: Anadarko Petroleum — Occidental Petroleum is offering $76 per share for Anadarko, topping the deal that Chevron has in place to buy Anadarko. Occidental CEO Vicki Hollub told CNBC that Occidental is the best acquirer for Anadarko given its experience in […]