Reuters US Business

(Reuters) – Beyond Meat trimmed its annual revenue forecast and missed second-quarter net sales estimates, on slowing demand for its pricier plant-based meat products, sending the company’s shares down 9% in extended trading on Monday. Bogged down by inflationary pressures, customers are altering their daily requirements and opting for lower-priced animal protein over healthier alternatives …

Beyond Meat cuts annual revenue forecast on slowing demand for faux meat Read More »

By Siddharth Cavale and Ananya Mariam Rajesh NEW YORK (Reuters) – Amazon’s strong quarterly results are one more sign that Americans are still shopping, despite months of ominous economic indicators, and could be a positive signal for Walmart and Target, who report next week. The e-commerce giant reported a 4.2% jump in sales on Amazon.com …

Amazon results could bode well for rival retailers Walmart, Target Read More »

By Jonathan Stempel (Reuters) -Berkshire Hathaway’s stock price set a record high on Monday, rising 3.4% after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In its second-quarter earnings report on Saturday, Berkshire said rising interest rates boosted profit from fixed-income investments, including a …

Berkshire Hathaway stock sets record high as rising rates, Apple boost profit Read More »

By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products. Shares closed down about 4% after earlier falling nearly 10% as the company said it is evaluating all operations …

Tyson Foods shares tumble on slowing demand, plant closures Read More »

By Joey Roulette WASHINGTON (Reuters) -Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the first two satellites for Amazon’s Kuiper program, …

Amazon switches rockets for first test satellites to avoid launch delay Read More »

By Abhijith Ganapavaram, Priyamvada C and Juby Babu (Reuters) -Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier. The nearly 100-year-old company, which halted operations on July …

US trucking firm Yellow files for bankruptcy, blasts Teamsters Read More »

By Maha El Dahan and Yousef Saba DUBAI (Reuters) -Saudi Arabian state oil giant Aramco reported a near 38% drop in second-quarter net profit on Monday amid weaker oil prices and thinner refining and chemicals margins, as it boosted its dividend with a new performance-linked payout. Aramco’s net profit fell to 112.81 billion riyals ($30.07 …

Aramco Q2 profit drops 38% to $30.1 billion, boosts dividend Read More »

By Maytaal Angel and Gustavo Palencia LONDON/TEGUCIGALPA, Honduras (Reuters) – Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world’s main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere in Latin America and Africa. Agricultural powerhouse Brazil grows almost …

Exclusive-Brazil ‘natural’ coffee hits premium market in challenge for small farmers Read More »