Author: Daniel snow
A worker arranges cans of Campbell’s soup on a supermarket shelf in San Rafael, California.Getty ImagesCampbell’s has seen customers prepare their own meals at the highest rate in about half a decade, offering the latest sign of everyday people tightening their wallets amid economic concerns.”Consumers are cooking at home at the highest levels since early 2020,” Campbell’s CEO Mick Beekhuizen said Monday, adding that consumption has increased among all income brackets in the meals and beverages category.Beekhuizen drew parallels between today and the time when Americans were facing the early stages of what would become a global pandemic. It was…
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024.Katelyn Mulcahy for SailGPFans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team.SailGP is working with gaming companies DraftKings in the United States and Bet365 internationally to let fans place bets on races, starting at the Mubadala New York Sail Grand Prix on June 7 and 8.”It’s a sport that’s naturally built for sports betting and gaming onsite in person at the events,” said SailGP chief revenue officer…
My top 10 things to watch Monday, June 2 1. China accused the U.S. of seriously undermining the preliminary trade deal reached in Switzerland last month, a few days after President Donald Trump made similar claims about Beijing and said he would no longer be “Mr. NICE GUY!” 2. When will this get better? Trump and Chinese President Xi Jinping didn’t talk over the weekend, though Trump administration officials said on the Sunday talk shows that the two leaders could talk as soon as this week. 3. Trump also said late Friday that he planned to double tariff rates on…
Bristol-Myers makes an $11 billion deal with BioNTech to join the new cancer-treatment game, nearly double the size of Pfizer’s deal announced two weeks earlier. Source link
Dr. Matthew Willsey working in the operating room.Courtesy of the University of MichiganNeurotech startup Paradromics on Monday announced it has implanted its brain-computer interface in a human for the first time. The procedure took place May 14 at the University of Michigan with a patient who was already undergoing neurosurgery to treat epilepsy. The company’s technology was implanted and removed from the patient’s brain in about 20 minutes during that surgery.Paradromics said the procedure demonstrated that its system can be safely implanted and record neural activity. It’s a major milestone for the nearly 10-year-old startup, as it marks the beginning of…
In 2013, Stephen Curry shocked the sneaker world by signing with then-upstart athletic company Under Armour over basketball powerhouse Nike.At the time, Nike controlled the vast majority of the NBA sneaker market. Under Armour was virtually unheard of in the basketball space.”We’re the underdog brand. We’re for the ones that were maybe born not big enough or tall enough or fast enough, or strong enough, or smart enough or clever enough,” said Under Armour founder and CEO Kevin Plank.CNBC Sport’s documentary “Curry Inc.: The Business of Stephen Curry” will premiere on CNBC on Wednesday, June 4, at 9 p.m. ET.The…
Campbell’s said its Food & Beverage unit booked a 15% jump in sales on strength in products such as Rao’s tomato sauce. Source link
The Cleveland Cliffs Cleveland Works steel mill facility in Cleveland, Ohio, on Oct. 20, 2024.Dustin Franz | Bloomberg | Getty ImagesMajor steel stocks jumped Monday after President Donald Trump hiked tariffs tied to the metal.Shares of mining company Cleveland-Cliffs popped roughly 25% in premarket trading following the announcement, while Steel Dynamics and Nucor each jumped more than 10%. The VanEck Steel ETF (SLX) added 1.9%.Trump said Friday at a Pennsylvania rally he would double tariffs on steel imports to 50% from 25%, a move that inflamed trade tensions again and drew criticism from global partners.”We are going to be imposing…
Long-term focused “M/O ratio” — or “Middle-Old ratio” — sees a peak for the S&P 500 and opportunity in emerging markets. Source link
Britain’s Prime Minister Keir Starmer (C), Britain’s Defence Secretary John Healey (2nd R) and managing director of BAE Systems’ naval ships business Simon Lister (R) visit the BAE Systems’Govan facility, in Glasgow, on June 2, 2025. Britain announced it will build 12 new attack submarines as it unveiled a major defense review to deal with “growing” Russian aggression and the changing nature of warfare. Andy Buchanan | Afp | Getty ImagesBritish Prime Minister Keir Starmer announced an overhaul of the U.K.’s defense spending on Monday, warning Britain it faces “war in Europe.””We are moving to war-fighting readiness,” Starmer said as…