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Beyond Meat got off to a sizzling start when it made its IPO debut in 2019. As the company and others in the plant-based meat industry developed better-tasting products, sales boomed and stock prices soared. Growing partnerships with restaurants and retailers generated greater acceptance among consumers.”Everybody wanted a piece of them. Everybody wanted to tell their story,” said Alexia Howard, senior research analyst for U.S. food at Bernstein. “And that encouraged people to trial the products.”Beyond Meat’s successful IPO aligned with the broader excitement around meat substitutes. Sales for the overall market reached $1.3 billion in 2020, a 46% increase…

Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025. Carmen Jaspersen | ReutersAutomakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will face levies, as European car manufacturers grapple with new trade rules.The newly returned White House leader has long been threatening to slap tariffs on major U.S. trading partners, including Canada, Mexico and the EU. Last week, new duties on goods from Mexico, Canada and China came into…

This accomplishment is vital for the partnership’s goal of deploying $2.5 billion by 2028 Mubadala Investment Company and Alpha Dhabi Holding PJSC have announced that their joint venture, initiated in 2023, has achieved a remarkable milestone by establishing an approximate $1 billion portfolio in global credit opportunities. This accomplishment represents a crucial step toward the partnership’s ambition of deploying up to $2.5 billion by 2028, highlighting its robust momentum and progress.The joint venture, situated in Abu Dhabi Global Market, is predominantly owned by Mubadala, which holds an 80 percent stake, while Alpha Dhabi retains the remaining 20 percent. This partnership…

A global private equity (PE) revival is taking shape with a rebound in dealmaking gaining traction. But lingering headwinds from economic uncertainty, underscored by sluggish fund-raising, still cloud prospects for a full-blown PE recovery, a new report said on Monday.According to Bain & Company’s 16th annual Global PE Report, private equity investments as well as exits both bounced back last year in clear signs of renewed vigor for PE, reversing sharp declines in the two previous years that marked one of the industry’s most challenging periods since the global financial crisis.Read | M&A market set for a comeback in 2025…

The euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the second session against the dollar, and about to touch four-month highs after marking the best weekly performance in 16 years.    Following the European Central Bank’s latest policy meeting, the odds of a rate cut in April declined as traders now await more data and clues.   The Price   The EUR/USD pair rose 0.4% today to $1.0871, with a session-low at $1.0827.   The euro rose 0.45% on Friday against the dollar, marking the fourth profit in five days, and hitting…

My top 10 things to watch Monday, March 10 1. We’re headed for another sharply lower open this morning. The S & P 500 ‘s 200-day moving average of roughly 5,735 is in play. Consumer confidence and inflation reports are key events this week. 2. There’s no “Trump put,” but does the president want to cause a recession? Does the stock market need to go down as the White House implements its trade policy, and if so, by how much? In my Sunday column for Club subscribers, I laid out my strategy for this moment. 3. A popular rotation trade…

The Ministry recently introduced an online service to check hotel and apartment license statuses in Makkah and Madinah Saudi Arabia’s Ministry of Tourism has revealed that by the end of 2024, over 1,000 hospitality facilities in Makkah have been licensed, marking a 80 percent increase compared to 2023. This achievement highlights the highest number of licensed facilities and rooms across the Kingdom.The ministry is dedicated to protecting the rights of visitors and Umrah performers utilizing hospitality services in Makkah. This endeavor is part of its ongoing mission to elevate the quality of services offered. To ensure compliance with licensing requirements,…

Adriana Kugler, member of the Board of Governors of the US Federal Reserve, speaks on the economy in Washington, DC, US, on Wednesday, Feb. 7, 2024. Al Drago | Bloomberg | Getty ImagesInflation could prove sticky while prices might pick up again, Federal Reserve Governor Adriana Kugler warned, signaling that the U.S. central bank should keep interest rates steady for the time.”I’m actually quite concerned about some of the persistence in inflation that we have been seeing,” she told CNBC’s Silvia Amaro during a fireside chat at the Conference on Monetary Policy Transmission and the Labor Market on Friday.She pointed to…

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percentThe Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the inflation rate in GCC countries increased by 1.7 percent at the close of October 2024, compared to the rate recorded in the same month of the prior year, as per consumer price data for the GCC nations.Factors contributing to inflationThe rise in the annual inflation rate in the GCC countries is primarily linked to the increase in housing group prices by 6.4 percent, the goods…

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.The General Authority for Statistics (GASTAT) in Saudi Arabia has published the GDP report along with national accounts indicators for 2024 and the fourth quarter of 2024. The report reveals a 1.3 percent increase in real GDP in comparison to the prior year, with non-oil activities and government sectors witnessing growth rates of 4.3 percent and 2.6 percent, respectively. In contrast, oil activities experienced a decline of 4.5 percent.Quarterly estimates indicate significant growthWhen looking at quarterly estimates, real GDP experienced a substantial growth…