Meat-substitute company more than triples sales from the same quarter a year ago and produces $4.1 million in GAAP profit Beyond Meat Inc. shares fell in after-hours trading Monday despite an earnings report that showed the company’s first quarterly profit in history. The meat-substitute company reported a third-quarter profit of $4.1 million, or 6 cents a share, on sales of $92 million, up from a loss of $9.3 million on revenue of $26.3 million in the same quarter a year ago. The analyst consensus called for profit of 4 cents a share on sales of $82.2 million, according to FactSet. The...…Meat-substitute company more than triples sales from the same quarter a year ago and produces $4.1 million in GAAP profit Beyond Meat Inc. shares fell in after-hours trading Monday despite an earnings report that showed the company’s first quarterly profit in history. The meat-substitute company reported a third-quarter profit of $4.1 million, or 6 cents a share, on sales of $92 million, up from a loss of $9.3 million on revenue of $26.3 million in the same quarter a year ago. The analyst consensus called for profit of 4 cents a share on sales of $82.2 million, according to FactSet. The...WW…

With the nation’s student-debt load at $1.5 trillion and growing, presidential candidates, higher education leaders, borrower advocates are looking for ways to slow its climb. Amid this backdrop, an idea first proposed in the 1950s is being hailed by industry, philanthropists and some higher-education leaders as a partial solution to our student-loan problem. But to consumer advocates and even U.S. Senator and Democratic presidential candidate Elizabeth Warren, this same idea runs the risk of discriminating against women and students of color, and tying students to a financial product...…With the nation’s student-debt load at $1.5 trillion and growing, presidential candidates, higher education leaders, borrower advocates are looking for ways to slow its climb. Amid this backdrop, an idea first proposed in the 1950s is being hailed by industry, philanthropists and some higher-education leaders as a partial solution to our student-loan problem. But to consumer advocates and even U.S. Senator and Democratic presidential candidate Elizabeth Warren, this same idea runs the risk of discriminating against women and students of color, and tying students to a financial product...WW…

ShareAMC is the first cinema chain to launch a streaming service, adding to a wave of new competition from Disney, Apple and othersIn the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator. The 20 million-plus U.S. households that have signed up to the company’s AMC Stubs program will be able to access about 2,000 films from every major studio, starting Tuesday. Later in the...…ShareAMC is the first cinema chain to launch a streaming service, adding to a wave of new competition from Disney, Apple and othersIn the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator. The 20 million-plus U.S. households that have signed up to the company’s AMC Stubs program will be able to access about 2,000 films from every major studio, starting Tuesday. Later in the...WW…

The Annals of Internal Medicine published a report contradicting decades of growing consensus about the health risks of red meat. Editor’s Note Jan. 7, 2020: In January, the Annals of Internal Medicine corrected the Oct. 2019 study on red meat referenced in this story to explain that the study’s lead author had received funding for separate research from AgriLife Research, an agency within Texas A&M University that is funded in part by the beef industry, the Washington Post reported. Put down the T-bone and slowly back away from that side order of ribs. Nutritionists across the country...…The Annals of Internal Medicine published a report contradicting decades of growing consensus about the health risks of red meat. Editor’s Note Jan. 7, 2020: In January, the Annals of Internal Medicine corrected the Oct. 2019 study on red meat referenced in this story to explain that the study’s lead author had received funding for separate research from AgriLife Research, an agency within Texas A&M University that is funded in part by the beef industry, the Washington Post reported. Put down the T-bone and slowly back away from that side order of ribs. Nutritionists across the country...WW…

The acquisition is sure to gain attention of Congress after members met last week with Zuckerberg to discuss data-privacy practices facebook Inc. said late Monday it agreed to buy a startup that would let people control computers with their brains – a long-held ambition by Chief Executive Mark Zuckerberg. The proposed acquisition of CTRL-Labs, a 4-year-old company developing software and a bracelet that measures neuron activity in a subject’s arm, is believed to be between $500 million and $1 billion, according to published reports. Facebook declined to comment on the price of the...…The acquisition is sure to gain attention of Congress after members met last week with Zuckerberg to discuss data-privacy practices facebook Inc. said late Monday it agreed to buy a startup that would let people control computers with their brains – a long-held ambition by Chief Executive Mark Zuckerberg. The proposed acquisition of CTRL-Labs, a 4-year-old company developing software and a bracelet that measures neuron activity in a subject’s arm, is believed to be between $500 million and $1 billion, according to published reports. Facebook declined to comment on the price of the...WW…

Since the $2.2 trillion stimulus package CARES Act passed in March, Americans who lost their jobs have been able to collect an additional $600 a week in unemployment benefits on top of what their states have distributed.That extra money is set to expire at the end of next month if lawmakers fail to act.Related:The boost in unemployment benefits “was a really important thing to do when we were closing the economy back in March,” Labor Secretary Eugene Scalia said Wednesday on CNBC. “I don’t think that the $600 benefit is the answer going forward,” he added.Josh Bivens, director of research...…Since the $2.2 trillion stimulus package CARES Act passed in March, Americans who lost their jobs have been able to collect an additional $600 a week in unemployment benefits on top of what their states have distributed.That extra money is set to expire at the end of next month if lawmakers fail to act.Related:The boost in unemployment benefits “was a really important thing to do when we were closing the economy back in March,” Labor Secretary Eugene Scalia said Wednesday on CNBC. “I don’t think that the $600 benefit is the answer going forward,” he added.Josh Bivens, director of research...WW…

Those betting against this “absurdly overvalued” stock market are about to get paid, if Kevin Smith, Crescat Capital’s chief investment officer, has it right in his gloomy assessment.“Speculation is rampant and being championed by a bold new breed of millennial day traders,” he said. “The mania is based on a widespread hope in Fed money printing. The catalysts for reckoning are numerous as a major cyclical economic downturn has only just begun.”Smith, who recently talked about from a stack of Berkshire Hathawayshareholders letters his dad gave him long ago, said, in a very un–Warren Buffett...…Those betting against this “absurdly overvalued” stock market are about to get paid, if Kevin Smith, Crescat Capital’s chief investment officer, has it right in his gloomy assessment.“Speculation is rampant and being championed by a bold new breed of millennial day traders,” he said. “The mania is based on a widespread hope in Fed money printing. The catalysts for reckoning are numerous as a major cyclical economic downturn has only just begun.”Smith, who recently talked about from a stack of Berkshire Hathawayshareholders letters his dad gave him long ago, said, in a very un–Warren Buffett...WW…

Why does soap work so well on the new coronavirus and, indeed, most viruses? Because it is a self-assembled nanoparticle in which the weakest link is the lipid (fatty) bilayer.That sounds scientific. Let me explain.Soap dissolves the fat membrane, and the virus falls apart like a house of cards and “dies,” or rather, it becomes inactive as viruses aren’t really alive. Viruses can be active outside the body for hours, even days.Disinfectants, or liquids, wipes, gels and creams containing alcohol (and soap) have a similar effect but are not as good as regular soap. Apart from alcohol and...…Why does soap work so well on the new coronavirus and, indeed, most viruses? Because it is a self-assembled nanoparticle in which the weakest link is the lipid (fatty) bilayer.That sounds scientific. Let me explain.Soap dissolves the fat membrane, and the virus falls apart like a house of cards and “dies,” or rather, it becomes inactive as viruses aren’t really alive. Viruses can be active outside the body for hours, even days.Disinfectants, or liquids, wipes, gels and creams containing alcohol (and soap) have a similar effect but are not as good as regular soap. Apart from alcohol and...WW…

Uh-oh. Those of us who remember when ’80s music was new had better start bracing ourselves for those big-box-store greeter jobs earlier than we expected.It doesn’t take a genius to see that the jobs market is probably heading for a massive, rolling shakeout. And that means plenty of employers may be using the cover of COVID-19 to get rid of lots of expensive older workers.Age discrimination in the jobs market, which is supposedly illegal, goes up in recessions. Some employers take the opportunity to ax experienced workers who are paid a reasonable wage, and replace them with cheap,...…Uh-oh. Those of us who remember when ’80s music was new had better start bracing ourselves for those big-box-store greeter jobs earlier than we expected.It doesn’t take a genius to see that the jobs market is probably heading for a massive, rolling shakeout. And that means plenty of employers may be using the cover of COVID-19 to get rid of lots of expensive older workers.Age discrimination in the jobs market, which is supposedly illegal, goes up in recessions. Some employers take the opportunity to ax experienced workers who are paid a reasonable wage, and replace them with cheap,...WW…

President Donald Trump this week sent a message to “The Suburban Housewives of America,” and in a single tweet summed up his strategy for shoring up support in communities critical to his reelection chances: Scare them.“Biden will destroy your neighborhood and your American Dream. I will preserve it, and make it even better!” he wrote.In tweets, campaign ads and new policies, Trump is trying to win over suburbanites by promising to protect their “beautiful” neighborhoods from the racial unrest that has gripped some U.S. cities this summer. He’s sent federal agents to stem violence in...…President Donald Trump this week sent a message to “The Suburban Housewives of America,” and in a single tweet summed up his strategy for shoring up support in communities critical to his reelection chances: Scare them.“Biden will destroy your neighborhood and your American Dream. I will preserve it, and make it even better!” he wrote.In tweets, campaign ads and new policies, Trump is trying to win over suburbanites by promising to protect their “beautiful” neighborhoods from the racial unrest that has gripped some U.S. cities this summer. He’s sent federal agents to stem violence in...WW…