BEYOND MEAT SLUMPS BY 14 PERCENT

Beyond Meat bulls signaled they are getting nervous as shares of the faux meat maker fell as much as 14% Monday before trimming losses ahead of second-quarter earnings.

While Wall Street sees the company’s full-year revenue guidance as conservative — with the average estimate compiled by Bloomberg above Beyond’s forecast — the stock’s 33% gain last week has raised the bar. The latest rally has extended the stock’s postIPO surge to 840% through Friday’s close.

“This quarter is important,” Bloomberg Intelligence food analyst Jennifer Bartashus said in a telephone interview. “If there’s anything that may cause investors to think they may not live up to their current guidance, or the expectations of a better guidance, that could pull the stock back down more.”

UBEr lAys oFF 400 EmployEEs From gloBAl mArkEting tEAm.

NEW

Uber is laying off 400 employees in marketing, about a quarter of the marketing team’s global workforce of 1,200 people.

The move, announced Monday, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company’s marketing, communications and policy teams. The ride-hailing company has struggled to prove it can become profitable and its stock has traded mostly below its IPO price since its debut in May.

BusinEss EConomists sEE slowEr growth AnD proFits AhEAD.

U.S. business economists expect economic growth to slow this year, and a rising proportion of them think corporate sales and profits will decline.

The National Association for Business Economics said Monday that its quarterly survey of business conditions found that the Trump administration’s tariffs on goods from China, Europe and other countries have disrupted the businesses of about one-fourth of its members.

Still, the survey also found that the NABE’s member economists generally expect the economy to keep growing, albeit only gradually, and to avoid a recession in the next 12 months. — Denver Post