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Top News In தங்குமிடங்கள் உணவகங்கள் பார்கள் Today - Breaking & Trending Today

Amazon-Backed Deliveroo Is Now Worth $7 Billion. Watch for the IPO Soon.

Like its food-delivery peers such as Uber Eats, owned by
Uber Technologies
(UBER), Deliveroo has enjoyed a massive boost in sales from the Covid-19 pandemic, with millions of housebound people ordering in meals. However, Deliveroo initially suffered at the beginning of the pandemic because its partner restaurants themselves were closed. The CMA said that the company met the criteria for a “failing firm” before its finances rebounded in April as restaurants reopened.
What’s new. Deliveroo said on Sunday that it had secured $180 million after the completion of a funding round from existing investors, led by Durable Capital Partners and Fidelity Management. The group said the latest round pushes its valuation above $7 billion. ....

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1.2 Million Americans Filed for Jobless Benefits Last Week

10 American Billionaire Families Spent $165 Million Trying to Re-Elect President Donald Trump in 2020
That is according to a new study from Americans for Tax Fairness. The late Sheldon Adelson and his wife, who are by far the wealthiest of those billionaires, thanks to their large stake in the
Las Vegas Sands Corp
oration, spent $90 million, while the other nine spent a total of $75 million. Most campaign spending was done through affiliated super PACs, rather than via direct contributions to candidates or party organizations.
The biggest spenders after the Adelsons were the Perlmutters, who sold Marvel Enterprises to
Walt Disney.
They spent $21 million, followed by the McMahons of ....

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Bumble Just Filed to Go Public. Its IPO Is Expected in February.

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Bumble hasn’t yet disclosed details about its prospective share price.
Eric Baradat/AFP via Getty Images
Bumble, the dating app backed by
Blackstone Group,
is planning to go public with an IPO that could come next month.
Bumble may raise $100 million with the initial public offering, according to a prospectus, though that figure is considered a placeholder and will likely change with future filings. The Austin, Texas company hasn’t yet disclosed how many shares it plans to sell, or their price range; that information will come in future filings as well. Bumble is slated to trade on the Nasdaq under the symbol BMBL. ....

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Beyond Meat Stock Jumps 14% on Taco Bell Partnership

Beyond Meat’s Beyond Burger patties.
Dreamstime/AFP via Getty Images
Beyond Meat
is rising more than 14% in midday trading Thursday, following news that it’s partnering with Taco Bell, as the latter looks to expand vegetarian offerings.
Yum! Brands
’ (ticker: YUM) Taco Bell said that it is “exploring a new plant-based protein” with Beyond Meat (BYND) that will be tested “in the next year.” The move is part of its larger menu revamp, emphasizing nonmeat options. Taco Bell said that two popular vegetarian items, the Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco, which fell victim to streamlining last year, will once again be available in March. ....

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Chipotle Stock Had a Great 2020. Here's How It Could Do It Again.

Chipotle Mexican Grill could benefit from growing interest in ESG investing.
David Paul Morris/Bloomberg
Chipotle Mexican Grill
stock rose some 60% in 2020, but the burrito chain’s rally isn’t over yet, according to RBC Capital.
Analyst Christopher Carril boosted his rating on Chipotle Mexican Grill (ticker: CMG) to Outperform from Market Perform, and lifted his price target to $1,650 from $1,320. He argues that the stock has legs because the company continues to expand when much of the broader restaurant industry is not.
Chipotle was up 1.4% to $1,415 in morning trading.
Carril is optimistic about the company’s same-restaurant sales. He is forecasting growth of 13% for 2021, above the 11% Wall Street expects, saying the chain can gain from continuing innovation with its menu, its ability to take market share from peers, and growth in online sales. He’s just as enthusiastic that Chipotle is reaccelerating opening new stores, sa ....

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