Consumer Stocks

2U, Inc. (TWOU) stock rises 21% on Byju’s US$1-bn buyout offer

 2U, Inc. (TWOU) stock rises 21% on Byju’s US$1-bn buyout offer

Maryland-based 2U, Inc. (TWOU) stock surged on Wednesday after Byju's offer.

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Revlon (REV) files for bankruptcy, rising debts drown cosmetics giant

Revlon (REV) files for bankruptcy, rising debts drown cosmetics giant

Highlights: US cosmetics giant Revlon Inc. (NYSE: REV) files for bankruptcy. Revlon failed to withstand competition from celebrity-backed cosmetic startups. Founded in the early 20th century, Revlon is considered a doyen in the cosmetics indus...

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Toymaker Lego to invest US$1 bn on new US factory

Toymaker Lego to invest US$1 bn on new US factory

The world’s largest toymaker Lego announced on Wednesday about investing US$1 billion in a new factory in the US to address a growing demand for its brick in the region. The new factory, which will come up in Chesterfield County, Va., outsid...

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Target raises quarterly dividend by 20% despite margin pressure

Target raises quarterly dividend by 20% despite margin pressure

  • June 09, 2022 05:51 AM PDT
  • Reuters

Highlights: Target Corp on Thursday raised its quarterly dividend by 20% to $1.08 per share despite announcing warning of weaker margins. It would offer more discounts and cancel orders with suppliers as it struggles to clear excess inventory. ...

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GM to launch production of Chevrolet Tracker SUV in Argentina in July

GM to launch production of Chevrolet Tracker SUV in Argentina in July

  • June 09, 2022 03:07 AM PDT
  • Reuters

Highlights:  General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month. The company plans to export the new vehicle to other Latin American countries, mainly to Brazil and Colombia. GM is on...

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BYD executive says it will supply batteries to Tesla 'very soon'

BYD executive says it will supply batteries to Tesla 'very soon'

  • June 08, 2022 02:28 AM PDT
  • Reuters

Highlights: China's BYD is preparing to supply Tesla Inc with batteries "very soon". In 2020, BYD officially launched its Blade battery, a less bulky lithium-iron-phosphate (LFP) battery. Chinese battery giant CATL is currently the sole suppli...

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SPTN to GO: 5 food and staple stocks to explore amid inflation

SPTN to GO: 5 food and staple stocks to explore amid inflation

Highlights: SpartanNash Company (NASDAQ: SPTN) declared a quarterly cash dividend of US$0.21 payable on June 30, 2022. Its current dividend yield is 2.35%. Last month, Grocery Outlet Holding Corp. (NASDAQ: GO) partnered with Uber for grocery de...

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Jeep maker Stellantis' parts plant in Mexico faces labor complaint

Jeep maker Stellantis' parts plant in Mexico faces labor complaint

  • June 07, 2022 02:16 AM PDT
  • Reuters

The U.S. government on Monday asked Mexico to review whether workers at an auto parts plant owned by Italian-French carmaker Stellantis (NYSE: STLA) were denied their rights under the terms of the North American trade agreement. Also Read: BPT to ...

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Hormel (HRL) delivers record Q2 sales; stock slips on weak forecast

Hormel (HRL) delivers record Q2 sales; stock slips on weak forecast

Hormel Foods Corporation (NYSE: HRL) posted record sales and double-digit earnings in its Q2 FY-22 earnings results on Thursday, June 2, 2022. The leading global food brand, Hormel, delivered record net sales of US$3.1 billion, which is up 19% fro...

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Ford (NYSE:F) to invest $3.7B on EV & gas-powered vehicle production

Ford (NYSE:F) to invest $3.7B on EV & gas-powered vehicle production

  • June 02, 2022 08:16 AM PDT
  • Reuters

Highlights: Ford Motor on Thursday said it will invest $3.7 billion in assembly plants for the production of both electric and gasoline-powered vehicles. Ford said $2.3 billion of the total investment will be spent on EVs. The company has said...

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MUSA to TH: Five consumer discretionary stocks to explore in June

MUSA to TH: Five consumer discretionary stocks to explore in June

Consumer discretionary stocks are companies that manufacture or offer services considered non-essential, such as entertainment, cars, furniture, etc. Some large consumer discretionary companies are Amazon.com Inc (AMZN), Tesla Inc (TSLA), and Nike ...

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