Month: May 2020

Sarah Whitten | CNBC Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel’s sales in the first quarter tumbling. While toy sales across the industry rose 7.6% between January and March, according to NPD data, it seems that lockdowns aren’t giving all toymakers a boost. On Tuesday, Mattel reported
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CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products.  “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.”  Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
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States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small-business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus in the United States, less than 20 percent of small businesses have been approved to receive
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Beyond Meat posted better-than-expected earnings for the first quarter Tuesday but warned that it saw a drop in sales at the end of March as the coronavirus pandemic shuttered restaurants around the country.  Given the uncertainty regarding restaurant sales, the company withdrew its earnings forecast for the year. “I am proud of our first-quarter financial results,
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Naguib Sawiris, billionaire and chairman of Orascom Investment Holding. Sima Diab | Bloomberg | Getty Images Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday.  Sawiris, chairman and CEO of Orascom Investment
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The Walt Disney character Mickey Mouse greets children at Magic Kingdom in Orlando, Florida. Getty Images Last year, Disney’s Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company’s biggest drag on earnings, thanks to the Covid-19 outbreak. The coronavirus pandemic has caused many headaches for Disney. The
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MSNBC: Answering your questions about coronavirus Monthly retirement for a $50,000 salary factoring in Social Security and savings Here’s how to get into the habit of saving more and spending less How to pay less in taxes on your Social Security benefits How to earn $40,000 in interest every year in retirement Here’s how to
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A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday after Warren Buffett over the weekend said Berkshire Hathaway sold
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U.S. President Donald Trump speaks to reporters as Senator Roy Blunt (R-MO) and Small Business Administration (SBA) Administrator Jovita Carranza look on during a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in
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