How long does it take for a small business to get an emergency loan under the coronavirus relief package? USA TODAY answers these and other questions....
Potomac Watch: With the release of Rod Rosenstein’s “scope” memo, and the Justice Department withdrawal of its case against Michael Flynn, the spotlight turns to Robert Mueller. Image: Getty Images Composite: Mark Kelly...
Oil prices climbed on Friday as countries including Australia moved ahead with plans to relax economic and social lockdowns put in place to halt the coronavirus pandemic, kindling market hopes for a boost in demand for crude and its products. Brent crude was up by 87 cents, or 3%, at $30.33 a barrel by 0630 GMT, having fallen nearly 1% on Thursday. Both contracts are heading for a second week of gains after the lows of April, when U.S. oil crashed below zero, with Brent up around 15% for the week and WTI more than 24% higher....
Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic. Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday. "Even with the early signs that demand is beginning to stabilise, inventory builds are likely to continue for some time, and storage capacity (usage) continues to creep up," said Stephen Innes, chief market strategist at AxiCorp....
Beyond Meat (BYND) served up a tasty alternative dish in its earnings report on Tuesday. Somewhat surprising the market, the plant-based meat pioneer posted beats both on top and bottom line. Investors reacted in glee and sent the stock up 25% after scouring the print.Here's a quick recap: BYND reported revenue of $97.07 million, beating the estimates by $9.97 million while exhibiting year-over-year growth 141.4%. The company, surprisingly, even reported a profit; net income came in at $1.8 million, compared to the $6.6 million net loss in the same period last year – amounting to EPS of $0.03 and beating the Street’s call for - $0.06.Along with revenue more than doubling in the U.S. The company also grew on the international stage, where retail sales were particularly impressive. Revenue grew by more than 5000% to nearly $6 million in the quarter. Management expects further international launches later in 2020.As expected, and...
(Bloomberg) -- The U.S. Justice Department is investigating meatpacking companies for possible antitrust violations, according to a person familiar with the matter, as the industry comes under scrutiny over plant shutdowns that have disrupted the supply of meat.The antitrust probe is in the early stages and began before the coronavirus outbreak spread across the U.S., said the person, who declined to be named because the investigation is confidential.Meatpacking is highly consolidated with four companies -- Tyson Foods Inc., JBS SA, Cargill Inc. and National Beef Inc. -- controlling about 80% of the U.S. beef processing market. Their dominance has sparked longstanding concerns about their pricing power over livestock suppliers. Meat packer margins have surged in the last month amid the plant closures, as beef prices rose and cattle prices stayed low.President Donald Trump on Wednesday said he would ask the Justice Department to investigate. His remark came after attorneys general from...
