profit

As shoppers raise grocery spending due to the COVID-19 pandemic, plant-based egg startup JUST said it aims to turn an operating profit before the end of next year and then will consider an initial public offering. Expectations for an IPO of the company, officially called Eat Just, have been fueled by a boom in demand …

A popular charity on Instagram will donate $1 million to help children impacted by coronavirus and civil war in Yemen. Karmagawa — the nonprofit founded by millionaire trading expert Timothy Sykes that raises awareness of global issues on social media — will announce the donation on Wednesday. Sykes chipped in $500,000 from his June and …

In your foray through the culture wars, you’ve likely come across the term “woke capitalism.” Or the associated adage “get woke, go broke.” A term popularised by New York Times columnist Ross Douthat, woke capitalism refers to a clever ploy where corporations pay homage to the cultural Left in return for leniency when fulfilling their …

Rapper Tekashi 6ix9ine can’t even give away $200,000. The Brooklyn convict — who was released from prison on racketeering raps last month because of the coronavirus — tried to donate the huge chunk of dough to the nonprofit No Kid Hungry, only to have the organization reject the offer, according to reports Tuesday. “@nokidhungry rather …

The tax incentives for non-profits are working out pretty well for non-profit hospitals. But is it working out for everyone else? The annual cost of health care for the average American family hovers around $20,000. Premiums increase yearly, and this is a primary driver of why real wages for average Americans don’t seem to improve. …

Renown chef Daniel Boulud is partnering with SL Green Realty to create a local nonprofit that will help combat hunger and feed frontline workers. Food1st will launch Thursday, with 2,000 dinners delivered to frontline workers staying in midtown hotels. The food is being prepared in Boulud’s Lower East Side test kitchen and funded with a …