(Reuters) -Bumble Inc beat first-quarter profit and revenue estimates on Wednesday, helped by a rise in paying members crowding its dating apps to seek connection, sending the company’s shares up 11% in after-hours trading. The resurgence in COVID-19 cases has helped dating apps to keep users picked up during the pandemic, as people stuck at…
(Reuters) -Beyond Meat Inc missed estimates for quarterly revenue on Wednesday, as the plant-based protein maker battled sizzling competition from deep-pocketed players looking to grab a slice of its market share, sending its shares down 22%. Waning consumer interest in plant based meat, rising competition from established players such as Tyson Foods Inc and Kellogg…
LIMA, Peru (AP) — About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken Indigenous language family in the Americas was long all but impossible. That changed on Wednesday, when Google added Quechua and a variety of other languages to its digital translation service. The…
Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell. The El Segundo, California, company said its revenue rose 1.2% to $109.5 million in the January-March period. Wall Street had forecast revenue of $112 million, according to analysts polled by FactSet. Beyond Meat’s shares…
By Lisa Richwine and Eva Mathews (Reuters) -Walt Disney Co eased concerns about streaming video by picking up 7.9 million new Disney+ customers from January through March, sending shares of the entertainment giant up 3.5% in after-hours trading on Wednesday. Wall Street had been expecting 5.3 million new Disney+ customers. Disney still has a long…
By David Morgan (Reuters) -Jerome Powell, nominated for a second term as chair of the U.S. Federal Reserve, could win Senate confirmation as soon as late Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown. Lawmakers are also expected to vote on President Joe Biden’s other Fed nominee, Davidson College dean…
(Deletes extraneous material) (Reuters) – Jerome Powell, nominated for a second term as chair of the Federal Reserve by President Joe Biden, could get U.S. Senate confirmation late on Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown. Asked the status of the Senate votes on Powell and a seocnd Fed…
SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales…
(Reuters) -Abbott Laboratories said on Wednesday it could restart production of infant formula at its troubled Michigan facility within two weeks. The company in February recalled some baby formulas, including certain Similac products, made at the plant in Sturgis after complaints about bacterial infections in infants who had consumed the products. Abbott will restart production…
(Reuters) – The Dallas Federal Reserve on Wednesday named Lorie Logan as its next president, filling the vacancy left by Robert Kaplan’s resignation last fall after an outcry over the ethics of his active stocks trading during the coronavirus pandemic. Logan, an executive vice president at the New York Fed and the manager of the…
