Month: July 2018

Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. The Canadian Securities Exchange is quickly becoming the go-to place for U.S. cannabis companies orphaned by their own stock exchanges because the U.S. government still considers marijuana an illegal drug. Green Thumb took over a publicly traded Canadian company, added an “Inc.” to its name and went public. …read more […]

The strong air-travel business continues to give a lift to Boeing, as the aircraft maker reported Wednesday that second-quarter profit rose 26 percent to $2.2 billion. Boeing Co. raised its forecast for full-year revenue but left its profit outlook unchanged, reflecting continuing hitches in its program to build a new refueling tanker for the U.S. Air Force. Chicago-based Boeing delivered 194 airline jets in the quarter, 11 more than a year earlier, and booked 239 new orders including 91 higher-priced widebody aircraft. …read more […]

Facebook said on Tuesday it planned to create an “innovation hub” to support local start-ups. The subsidiary was registered in Hangzhou, according to a filing approved on China’s National Enterprise Credit Information Publicity System last week and seen by Reuters on Tuesday. A Chinese government database showed that Facebook had gained approval to open a subsidiary. …read more […]

Many investors and competitors know Amazon (AMZN) as an e-commerce power helping reshape the retail world. Meanwhile, tech companies from Microsoft (MSFT) to Google (GOOGL) have struggled against Amazon’s AWS cloud computing business for years. But, just how important is AWS to Amazon and how much will it grow in the second quarter? …read more […]

Tariffs were partly to blame for lowered full-year forecasts by General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI)(FCAU.N), pummelling the stocks of both automakers on Wednesday as investors feared escalating trade disputes would hurt margins and sales. GM cited higher steel and aluminium costs for its 2018 profit forecast reduction as a result of tariffs imposed by U.S. President Donald Trump’s administration, sending its shares down 7 percent. Stevens told analysts GM would partially offset the commodity hit by negotiating price reductions with suppliers, raising prices on more popular models, and cost cutting. …read more […]

In a pretty substantial move into trying to own the entire AI stack, Google …read more […]

President Donald Trump on Wednesday accused China of “vicious” tactics on trade as he prepared for tough negotiations with European leaders in an escalating trade battle among world powers. Trump tweeted that China was specifically targeting U.S. farmers with retaliatory tariffs because “they know I love & respect” them. …read more […]

MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. …read more […]

Facebook said on Tuesday it planned to create an “innovation hub” to support local start-ups. The subsidiary was registered in Hangzhou, according to a filing approved on China’s National Enterprise Credit Information Publicity System last week and seen by Reuters on Tuesday. A Chinese government database showed that Facebook had gained approval to open a subsidiary. …read more […]