Dunkin’ CEO David Hoffmann hints at more Beyond Meat collaborations

Dunkin’ Brands‘ partnership with Beyond Meat may go beyond one breakfast sandwich, Dunkin’ CEO David Hoffmann told CNBC on Thursday. “We’re talking about more things down the road,” Hoffmann said on “Closing Bell.” “We’re happy with our first venture in this, and I think the consumers are responding.” Dunkin’ took its collaboration with Beyond Meat nationwide in November, after sales of the egg, cheese and plant-based sausage sandwich exceed expectations during a New York City pilot test. Initial plans had targeted a nationwide launch in January. Hoffmann, who became Dunkin’…

Virus outbreak forces Chinese to stay at home and order more delivery

A worker inspects an order at a JD.com delivery station in Yizhuang, Beijing, amid the coronavirus outbreak. Hilary Pan | CNBC BEIJING — More people are stuck at home in China as they wait out the coronavirus outbreak, giving some delivery and e-commerce companies an opportunity, even as they try to manage the risks of the disease. Previously, on a typical day, a courier for JD.com in Beijing would deliver about 140 to 150 packages per apartment complex, said Lansong Sun, head of the company’s delivery station in Yizhuang, on…

Offshore wind installations in Europe hit a record level last year

This image shows Scroby Sands offshore wind farm, in waters off the coast of Norfolk, England. Geography Photos | Universal Images Group | Getty Images European countries installed a record amount of offshore wind capacity in 2019, according to new figures from industry body WindEurope. The amount — just over 3.6 gigawatts (GW) — marked a leap higher than 2018, when more than 2.6 GW was installed. It takes overall offshore capacity for European nations to more than 22 GW. In an announcement Thursday, WindEurope said that the U.K. was…

Tesla becomes top holding on SoFi as young investors clamor into stock

Young retail investors rushed into Tesla stock as it surged to new highs this week. The electric automaker passed Apple as the top holding on SoFi’s investing platform in late January, and by this week was significantly ahead, according to the company. Tesla was the top stock purchased on SoFi in the past six trading days. Traders on SoFi Invest — a stock and ETF investing platform used mostly by millennials age 25 to 40 — bought 20 times the amount of Tesla stock this week relative to history. On…

Birds of Prey reviews: What critics are saying

Margot Robbie, Mary Elizabeth Winstead, Rosie Perez, Ella Jay Basco and Jurnee Smollett-Bell star in “Birds of Prey: And the Fantabulous Emancipation of One Harley Quinn.” Warner Bros. The long-awaited comic book film featuring the delightfully psychotic Harley Quinn hits theaters this weekend and has charmed critics. “Birds of Prey (And The Fantabulous Emancipation of One Harley Quinn)” is certified Fresh with an 87% Rotten Tomatoes score from more than 124 reviews. The positive response to the R-rated female-driven action flick is a far cry from the dismal reaction critics…

Dow hits record, joins S&P 500 and Nasdaq

Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 88 points The Dow climbed 89.92 points, or 0.30%, to 29,379.77. The S&P 500 gained 0.33% to close at 3,345.78. The Nasdaq Composite advanced 0.67% to 9,572.15. Wall Street managed to recover coronavirus-related losses amid a raft of strong economic data and corporate earnings. Data, earnings outweigh coronavirus The Dow joined the S&P 500 and Nasdaq in record territory, erasing its losses from the recent coronavirus scare. Investors are still…

Democratic candidates want to end tax break for small businesses

Former New York City mayor Michael Bloomberg, a democratic presidential candidate, attends the U.S Conference of Mayors 88th Winter Meeting in Washington, D.C, January 22, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Democratic presidential candidates are taking aim at a new tax break for small businesses. Billionaire Michael Bloomberg last week pitched a $5 trillion tax plan that would raise levies on wealthy individuals and corporations. He also wants to repeal the 20% qualified business income deduction, a feature of the Tax Cuts and Jobs Act, which went…

‘To put it bluntly, we’re shadow boxing,’ WHO official says

Disinfection workers wearing protective gears and prepare to disinfect against the novel coronavirus in Daerim Central Market, a neighbourhood with one of the largest Chinese population on February 05, 2020 in Seoul, South Korea. Chung Sung-Jun | Getty Images “There’s still a lot we don’t know,” Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, said Thursday of the coronavirus outbreak that has spread to more than 28,000 people and killed 565 since its discovery in Wuhan, China, about five weeks ago. While scientists have made progress in sequencing the…

Elliott Management invests more than $2.5 billion in SoftBank: WSJ

Paul Singer David A. Grogan | CNBC Billionaire investor Paul Singer’s hedge fund, Elliott Management, has taken a more than $2.5 billion stake in SoftBank, according to a report from The Wall Street Journal. The report added top staffers from Elliott have met with SoftBank founder Masayoshi Son along with some of his deputies. It also said the hedge fund is pushing SoftBank to repurchase between $10 billion and $20 billion in stock. Elliott confirmed to CNBC it had a stake in SoftBank, but did not confirm its size. The…

China becomes increasingly isolated as airlines pull out

Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to celebrate her 40th birthday. The rapid spread of coronavirus changed her mind. “I’m nervous to come back,” the New York-based surgical technician said as she was canceling her Air China flight at a travel agency…