The United Auto Workers union said a new comprehensive offer made by General Motors Co late Monday to end a two-week-old strike was not acceptable and said it had made a new counterproposal.
General Motors Co said Tuesday an ongoing strike by U.S. workers has forced it to halt production at its pickup and transmission plants in Silao, Mexico, temporarily laying off 6,000 workers.
Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world’s largest economy.
Italian prosecutors have widened an inquiry into suspected safety breaches at subsidiaries of Atlantia ATL.MI to include more employees and viaducts than they identified last month, two sources close to the investigation told Reuters.
U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market fears of a sharp slowdown in economic growth in the third quarter.
The weed patch has become overrun with thorns.
After a devastating six-month bear market, the marijuana indexes are deep in the red for the year.
And the “Negative Nellies” have had plenty of headlines to pull from.
But there is one group of cannabis companies showing strength.
That’s why this week we’re looking at the top 10 cannabis companies with the highest adjusted operating incomes.
Roadblocks at Every Turn
Let’s not kid ourselves… it’s been a frustrating six months for pot stock investors.
First, Canadian and U.S. licensed producers suffered large losses as they built out their operations.
Then there was CannTrust Holdings’ (NYSE: CTST) illegal grow room …read more […]
Weak economic data in the United States and Europe weighed on global stock benchmarks on Tuesday, sending investors into safe-haven assets.
Wall Street’s main indexes shed as much as 1% on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world’s largest economy.
The recent downfall of tech darling WeWork is a lot more common than it may seem.
Today, Nicholas Vardy explains what went wrong and why WeWork’s stunning failure may be a harbinger of doom for other unicorns.
WeWork founder Adam Neumann is a product of his era.
Neumann’s long, flowing hair, insouciant self-confidence and commitment to “elevate the world’s consciousness” convinced investors that WeWork was not just an office rental company with a dodgy business model.
Instead, WeWork was a tech company that shifted the paradigm, redefining how we all work.
Neumann’s salesmanship convinced SoftBank to invest in the company at a valuation of $47 …read more […]
Automakers, including Toyota Motor Corp and Hyundai Motor , on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.
Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further.
U.S. electric vehicle maker Tesla Inc has registered a construction company in China, a business registration filing shows, the latest sign Tesla is pushing ahead with its plans in the world’s biggest auto market.
Italy’s Illycaffe to help it reach its goal of opening 200 cafes in the United States within five years as part of a broader drive to expand its business outside its home market, Andrea Illy, the chairman of the premium coffee maker said.
The dollar surged to a 29-month high against a basket of rival currencies on Tuesday, while pummeling the euro to its weakest since May 2017.
Oil prices steadied on Tuesday, pressured by weak U.S. economic data that dimmed the crude demand outlook, while finding some support from reports of an output decline from the world’s largest oil producers in the third quarter.
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