American Dollar to Canadian Dollar = 0.815177
American Dollar to Chinese Yuan = 0.151780;
American Dollar to Euro = 1.197371;
American Dollar to Japanese Yen = 0.008930;
American Dollar to Mexican Peso = 0.056213.
http://www.x-rates.com/table/?from=USD&amount=1.00
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With sales down 20% and layoffs hitting 6% of its workforce, Beyond Meat is acknowledging that its moment in the plant-based spotlight has faded — at least for now. The company, which is cutting about 44 jobs, says it needs “a fundamental reset for our brand and category,” according to president and CEO Ethan Brown.
To lead that reset, Beyond has tapped John Boken of consulting firm AlixPartners as interim chief transformation officer. It’s also leaning into a shorter name — “Beyond” — in a bid to shed some of the baggage around meat imitation.
“We believe it provides for reduced emphasis on facsimile,” Brown told investors on a webcast, referring to the “complicated frame” of animal protein replication. He said the streamlined name could also help “widen our aperture beyond animal protein replicates” and into broader consumer protein needs.
The oil prices were bullish in the market as geopolitical tensions in the Middle East dies down. The commodity’s prices managed to hit another milestone despite the astonishing performance of the dollar in the market. The commodity continues to push great performance in the market on multiple factors. The great oil inventories reports and the OPEC agreement to extend the output cut have managed to put the prices on its best figures ones again. Click Read More below for additional information.
Gasoline rose to a two-year high as Tropical Storm Harvey hit the U.S. Gulf coast again after already knocking out a fifth of the nation’s refining capacity. Motiva Enterprises LLC’s Port Arthur refinery, the country’s biggest, was said to be shutting because of severe flooding. The disruption helped send motor fuel as much as 3.3 percent higher in New York, while the resulting reduction in demand from plants hit by the storm kept crude near a five-week low. After drenching Texas, Harvey regained strength over the waters of the Gulf of Mexico and crashed ashore again Wednesday in southwest Louisiana, according to the National Hurricane Center. “The market focus seems to be on the quantity of refinery capacity shut-ins and potential to hit oil demand,” said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. Click Read More below for additional detail.