Month: October 2019

Thyssenkrupp is slashing some administrative jobs to cut down on the more than 2 billion euros ($2.2 billion) of costs it incurs in that field each year, two people familiar with the matter told Reuters on Monday. A majority of the 300 administrative roles at Thyssenkrupp’s car parts and plant engineering divisions will be cut, the sources said. Thyssenkrupp declined to comment. …read more […]

The board of Nissan Motor Co will meet on Tuesday as a split has emerged over the scandal-hit automaker’s next CEO, putting the head of the nominations committee at odds with an influential executive, people familiar with the matter said. Directors, which include those from top shareholder Renault SA , will also discuss the future of another Nissan executive, Hari Nada, multiple people said. Nada helped oust former Chairman Carlos Ghosn but has since been hit by allegations of overpayment himself. …read more […]

A bipartisan group of state attorneys general, including New York Attorney General Letitia James, met Monday with U.S. Attorney General William Barr to discuss a state-level probe of Facebook Inc, two people briefed on the matter confirmed. The meeting comes after Reuters and other outlets reported on Sept. 25 that the Justice Department would open an antitrust investigation into Facebook, which also faces probes by the Federal Trade Commission and the House of Representatives Judiciary Committee. The state attorneys general probe into Facebook, announced in September, is being led by New York and also includes Colorado, Florida, Iowa, …read more […]

Though summer has ended, our love for spiked seltzer has not. Boston Beer Co.’s President and CEO Dave Burwick joins The Final Round to discuss his expectations for the beverage industry now that spiked seltzer is here to stay. …read more […]

A U.S. lawmaker on Monday introduced a bill that seeks to regulate e-cigarette makers by capping the amount of nicotine in the vapes they manufacture to make them less addictive. The bill, introduced by Illinois Congressman Raja Krishnamoorthi, is the latest effort by lawmakers to clamp down on e-cigarette use, given a spike in underage vaping. The bill seeks to stymie use of e-cigarettes among youth by allowing e-liquids, solutions of nicotine and other chemical compounds that are heated and inhaled by users to contain no more than 20 milligrams per milliliter of nicotine. …read more […]

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are… …read more […]

I was wrong.
A few weeks ago, I wrote about how there’s been a pattern in the five bear markets pot stocks have seen over the last three years.
In three of those five massive sell-offs, stocks hit lows in mid to late August.
So I thought we might be out of the woods. For a little bit, it looked like we might be.
Right on cue, at the end of August through the first two weeks of September, the North American Marijuana Index rallied nearly 10%.
But then the vaping crisis gained national attention. And the selling pressure was simply too much. Stocks hit …read more […]

The legalization of hemp via the 2018 Farm Bill opened up exciting new markets for cannabis companies. While marijuana remains an illegal at the federal level as a Schedule 1 Controlled Substance, cannabidiol extracts, or CBD, is completely legal in the U.S. with certain FDA restrictions. CBD is popular in health and wellness and pain management products due to the absent of THC is the products while still maintaining the benefits of cananbis.BDS Analytics has forecast the potential for the CBD market to reach $20 billion annually by 2024. The Brightfield Group sees the near-term market size based on FDA …read more […]

Flowserve Corporation (NYSE:FLS), which is in the machinery business, and is based in United States, saw a decent… …read more […]

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]