Learn how to make an ultimate charcuterie board at home
Charcuterie boards are all the rage these days and you’re sure to find them as a centerpiece at gatherings this holiday season. Now, there’s a trend that’s making them even more festive for the season. We’re talking about charcuterie wreaths! Yes, they’re designed exactly how this sounds.
Beyond Meat shares crater as losses mount, company issues weak forecast
Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as U.S. sales shrank. Analysts surveyed by Refinitiv expected a loss of 39 cents per share. Net sales rose 12.7% to $106.4 million, missing expectations of $109.2 million. Beyond is predicting net sales of $85 million to $110 million for those three months.cnbc.com
Muslim nonprofit donates halal meat and school supplies: ‘It’s number one most needed and the least available’
Two food drives this summer will be dedicated to an overlooked and often missing item — halal meat. Muslim families in need will be able to take home pounds of meat at the food drive that also includes a back-to-school giveaway.chicagotribune.com
Beyond Meat swings to a loss as grocery sales growth slows
Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Beyond Meat on Thursday reported a wider-than-expected loss in the first quarter as restaurant customers take longer to return and grocery shoppers aren't stockpiling its products anymore. Shares of the company fell 8% in extended trading. Excluding items, the company lost 42 cents per share, wider than the loss of 19 cents per share expected by analysts surveyed by Refinitiv. Net sales rose 11.4% to $108.2 million, missing expectations of $113.7 million.cnbc.com
Here are the Ann Arbor area farms offering subscriptions at upcoming virtual CSA fair
ANN ARBOR – The Michigan Statewide CSA Network will be hosting an upcoming virtual CSA fair featuring Michigan farms on Feb. 26. A Community Supported Agriculture share is a subscription program to a local farm in which you pay a farmer upfront for a regular delivery or pickup of their harvest. The CSA fair will consist of two drop-in Zoom sessions: one at “lunch hour” from noon to 1 p.m. and a “happy hour” session from 5-6 p.m. Regional breakout rooms will be available so you can learn more about which farms offer shares in your area. Here are the Ann Arbor area farms offering CSAs this year:Interested in participating in the fair?
Beyond Meat shares soar 26% as company teams up with PepsiCo to make plant-based snacks and drinks
Beyond Meat and PepsiCo announced Tuesday that they've formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes. Shares of Beyond jumped as much as 31% in morning trading on the news, while Pepsi's stock rose about 1%. More than 38% of the Beyond Meat shares available for trading are sold short, according to FactSet. Shares of PepsiCo are roughly flat over the last year, giving it a market value of $196 billion. The company has a market value of $9.95 billion.cnbc.com
Beyond Meat to launch two new versions of its meatless burger
Beyond Meat's line-up of meat substitutes will soon include two new versions of its Beyond Burger. The new burgers are meant to offer consumers more choice and will launch nationwide early next year. The other burger is meant to appeal more to a health-minded consumer, with 55% less saturated fat than a typical beef burger. As meat substitutes from Beyond and Impossible Foods have grown more popular in the last few years, their meat-free burgers have also drawn criticism for being marketed as a healthier alternative to red meat. Dietitians have said that it would be better for consumers to view plant-based burgers as an indulgence, as they would a beef burger.cnbc.com
Some of 2020's hottest stocks just had an awful week, but two traders say one will resume its climb
Some of 2020's top stocks are down on their luck. While Nvidia is "certainly expensive," trading at a historically high relative price-sales ratio, the chipmaker's "secular growth story is hard to argue with," Nancy Tengler, chief investment officer of Laffer Tengler Investments, told CNBC's "Trading Nation" on Friday. "I might wait for it to settle a little bit further, but if they beat dramatically on earnings, you may not get the opportunity. "With a stock that's up 126% year to date, you're going to expect to see that kind of volatility, but it has not disappointed long-term investors," she said. Craig Johnson, senior technical research analyst at Piper Sandler, was also in Nvidia's bull camp.cnbc.com
Beyond Meat shares tank as coronavirus weakens demand for plant-based meat at restaurants
Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened demand for its meat alternatives at restaurants. Shares were halted twice on Monday following the announcement that McDonald's was adding plant-based items to its menu. Fast-food restaurants, which have been bouncing back from the crisis much faster, account for about one-third of Beyond's foodservice sales. When asked about the collaboration with McDonald's, Brown said that he respected the chain's decision to refer to its McPlant line in "generic" terms. International revenues plunged 45% in the quarter, hurt by the 65% decline in foodservice sales.cnbc.com
Deforestation and Disease: Is beef consumption killing the planet?
The red meat trade is massive in Brazil and the United States, and many other places in the world. Chan School of Public Health, says too much beef consumption is harmful in more ways than one. “It’s hard to justify beef consumption,” Bernstein says red meat consumption is killing Americans, “So we know that red meat consumption is driving people to get diseases that are leading them to die early. Dr. Joe Eisenberg, Professor, and Chair of the Department of Epidemiology at the University of Michigan says science needs to reposition itself for a different perspective on climate change the connection to disease, “I’ve been working in climate change, and disease questions for decades, and it’s true that most climate change researchers Don’t think about the link to disease as much.”Eisenberg says he thinks people are thinking about it more now than ever before. What you can do to help slow down deforestation, climate change, and everything else attached.
Public health alert issued for ready to eat meat and poultry products due to possible foreign matter contamination
WASHINGTON – The U.S. Department of Agriculture’s Food Safety and Inspection Service is issuing a public health alert for ready-to-eat meat and poultry bowl products, due to concerns that the products may be contaminated with extraneous material, specifically glass. FSIS is issuing this public health alert out of the utmost of caution to ensure that consumers are aware that these products should not be consumed. The ready-to-eat meat and poultry items for this public health alert were produced by Taylor Farms in Dallas, Texas on Oct. 5 and Oct. 6. The following products subject to the public health alert are:10-oz. plastic bowl package containing “MEAL SIMPLE SPAGHETTI SQUASH AND PEPPERONI” with lot code TDF279AU23 and best by 10/15/2020; or lot code TDF280AU23 and best by 10/16/2020.
43,000 pounds of ground beef products recalled for possible E. coli contamination
WASHINGTON The U.S. Department of Agriculture announced Saturday a recall of nearly 43,000 pounds of ground beef products potentially contaminated with E. coli. The beef products were produced on June 1 and shipped to retail locations nationwide, officials said. vacuum packages containing Marketside Butcher Organic Grass-Fed Ground Beef and a use or freeze by date of 07/01/20 and lot code P-53298-82. pieces of Marketside Butcher Organic Grass-Fed Ground Beef Patties and a use or freeze by date of June 27, 2020 and lot code P-53934-28. The USDA has not yet released a retail distribution list for the recalled beef products.
USDA recalls ground beef products for possible E. coli contamination
WASHINGTON The U.S. Department of Agriculture announced Saturday a recall of nearly 43,000 pounds of ground beef products potentially contaminated with E. coli. The beef products were produced on June 1 and shipped to retail locations nationwide, officials said. The recall has been labeled a Class I by the USDA, which means consuming the ground beef products could result in serious, adverse health consequences or death. Individuals should be aware of E. coli symptoms that include dehydration, bloody diarrhea and abdominal cramps. vacuum packages containing Marketside Butcher Organic Grass-Fed Ground Beef and a use or freeze by date of 07/01/20 and lot code P-53298-82. The USDA has not yet released a retail distribution list for the recalled beef products.
IPOs overall beat the market this year despite some 'mega busts'
Photographer: Michael Nagle/Bloomberg via Getty ImagesThis year's IPOs crop wasn't as bad as it may have appeared. "The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork's kamikaze IPO attempt in September," said Kathleen Smith, principal at Renaissance Capital. Renaissance Capital's IPO Index, a basket of newly public companies, is up 33% this year versus a 29% rise in S&P 500. Chinese IPOs were the worst performing new listings, according to Renaissance, thanks to trade war fears and an economic slowdown in China. Average total returns for IPOs were 20% while the average first-day pop was roughly 18% the highest in six years, according to Renaissance.cnbc.com
Verizon CEO sees functioning 5G wireless in half the US next year
Democrats increase attacks on Trump in second round of debatesDemocratic candidates attacked President Donald Trump at a much more aggressive rate in the second 2020 primary debates than they did during the first round in July. 2020 Electionsread morecnbc.com
Beyond Meat is tanking and Wall Street analysts say there's a lot more pain to go
Wall Street analysts, normally a bullish bunch especially on recent IPOs, can't bring themselves to recommend buying Beyond Meat even as the stock tanked by double digits. The alternative meat company reported mixed earnings and a secondary offering after the bell on Monday, causing the stock to drop more than 15% in early trading to $188.01. "We remain on the sidelines as valuation appears stretched at over 40x enterprise value/next twelve months sales, implying limited upside potential from a valuation perspective," Bernstein analyst Alexia Howard said. "The question from here is whether the company can continue to deliver positive news that surprises to the upside," she said. The view was much the same from analysts at J.P. Morgan but the firm said fundamentals may be more important than valuation here.cnbc.com
Beyond Meat hype rivals that of bitcoin and could share the same fate
For investors looking to understand what's next for Beyond Meat, it might be wise to take a look at bitcoin. In May, the maker of meat alternatives set its initial public offering price at $25 per share. Left, one of Wall Street's most prominent short sellers, said that his firm covered the float on its short bet on Beyond. Friday's rally resulted in $66.5 million in losses for short sellers, according to S3 Partners. Out of everyone who purchases meat alternatives, 98% bought meat, a sign that most of the demand is coming from so-called flexitarians.cnbc.com
Adding Beyond Meat to menus boosts companies' market values
Investor enthusiasm for Beyond Meat is rubbing off on the companies selling its vegan meat products. Beyond's stock price is now eight times higher than its initial public offering price of $25. The company's market debut in May gave investors their first shot at buying into the growing market for meat substitutes. It completed a 1-for-15 reverse stock split last month to keep its stock price above $1 and avoid being delisted on the New York Stock Exchange. Its market value has dropped by nearly $14 million since July 16, and shares are trading down 2% Wednesday.cnbc.com
Beyond Meat CEO invites Chipotle for a tour after its fake meats are called too processed
After Chipotle Mexican Grill CEO Brian Niccol said imitation meat products are too processed for the restaurant chain's menu, Beyond Meat CEO Ethan Brown invited him and any other naysayers on a tour of the company's manufacturing facilities. "We welcome anyone who wants to come to our facility for a tour to do it at any time," he said. Niccol told Yahoo Finance on Tuesday that the chain will not serve plant-based options from Beyond or its privately held rival Impossible Foods because they are too processed. Beyond and Impossible have found fans outside of vegetarians and vegans because their products taste more like meat than traditional veggie options. Chipotle joins the likes of Taco Bell Niccol's former employer and Arby's in committing to excluding meatless meats on its menu.cnbc.com