Blue Apron Stock Hits Record Low with Weight Watchers Announcement
Zoe Henry, Reporter for Inc. Magazine, discusses Weight Watchers' announcement that it will offer a meal-kit service sold in grocery stores.
Blue Apron stock closed down 16% Thursday on the news, hitting a record low. Henry talks what Blue Apron needs to do to stand out in the crowded space, adding that diversifying its options with more vegan offerings or other food trends could be a good differentiator.
The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high-interest rates and a hazy outlook for the economy.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
