Bloomberg Plant-based protein companies have been trying to sway consumers away from beef for years. Now, meat shortages caused by Covid-19 pandemic are making their job easier. Faux meat producers have a once-in-a-lifetime opportunity as supplies of beef tighten in the US. Wendy’s Co. has been running out of hamburgers at some locations, while Kroger Co. and Costco Wholesale Corp. ...

Bloomberg In their latest feat of levitation, US stocks are about to pull off their biggest earnings-season rally in six years. Impressive — or ridiculous, depending on your view — considering it happened as American companies were reporting a 16% profit drop that was the worst since the financial crisis. Since firms started disclosing results, the S&P 500 has jumped ...

Bloomberg The Swiss National Bank’s (SNB) US equity portfolio declined in value for the first time in more than a year, reflecting the market rout caused by the coronavirus outbreak. The central bank, which has amassed vast holdings of foreign currency due to interventions to weaken the franc, had $94 billion invested in US stocks at the end of March, ...