Here are five things you need to know for Aug. 8, 2023.
I am no A+ student of irony, having been raised in the generation taught by Alanis Morissette. Having said that, I do believe Zoom requiring its employees to return to work is ironic. In a statement, Zoom said it will be enforcing a “structured hybrid approach” requiring people who live near an office to come in two days a week. Interesting coming from the biggest enabler of remote work since the pandemic.
Canada drove the strength for Tim Hortons while the U.S. drove the strength for Burger King. The stock is flat in the pre-market as it sits near all-time highs. The CEO will be on Bloomberg Markets at 1 p.m. EDT. Shares of Beyond Meat meanwhile are plunging in the pre-market. The not-meat meat-maker saw sales plunge more than 30 per cent, cut its sales forecast for the year and said it won’t achieve its cash-flow positive goal this year.
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