Month: November 2019

Apple… Amazon… Google… Hewlett-Packard… Mattel… The Walt Disney Company…
These are all giant, globe-spanning companies that today are household names.
But they also share the same humble beginnings… They all started in someone’s garage.
That’s an origin story that cannabis edibles producer Plus Products (OTC: PLPRF) can relate to.
For the first six months of the company’s existence, the only space it could afford was co-founder and CEO Jake Heimark’s parents’ garage.
It was Plus Products’ clean room, manufacturing facility, office, packaging, and research and development facility.
But as we’ve seen time and time again, talent eventually wins out. And great companies find their way to …read more […]

(Bloomberg) — Count billionaire Jeffrey Gundlach among the finance-industry titans taking note of presidential candidate Pete Buttigieg.“Mayor Pete killed it tonight,” tweeted Gundlach, whose DoubleLine Capital oversees more than $140 billion, after Wednesday night’s Democratic debate.He joins fellow billionaire investors Paul Tudor Jones, Michael Novogratz and Blackstone Group Inc. Vice Chairman Tony James in showing support for — or at least being impressed by — the 37-year-old mayor of South Bend, Indiana. Novogratz, a former Goldman Sachs Group Inc. partner, has said he likes Buttigieg even if he’s skeptical he can win, and Jones, founder of Tudor Investment Corp., has …read more […]

U.S. discount broker Charles Schwab Corp. is in talks to buy rival TD Ameritrade in a $26 billion deal that would create an online brokerage behemoth, according to media reports. The discount brokerage business model is facing increasing pressure, as financial technology disruptors like Robinhood pushed legacy firms to cut commissions to zero, and the increased use of technology has required huge spending on platforms. The solution to managing costs is getting bigger and acquiring more clients, which is exactly what Schwab could achieve by acquiring its smaller rival. …read more […]

The stock has risen over 30% in the past quarter, but the company’s transition toward a service-based model and its history of delivering mixed results might hamper this dream run Continue reading… …read more […]

WINNIPEG/MONTREAL, Nov 21 (Reuters) – Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway Co, entered its third day and left many goods stranded. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday in the biggest such action in a decade. Some major retailers and pulp and paper companies have started hiring trucks from Montreal-based Fuel Transport, even though they cost more than rail, said President Robert Piccioni. …read more […]

Charles Schwab is in talks to buy TD Ameritrade at a time when the brokerage business is succumbing to the trend of zero-commissions. Yahoo Finance’s Julie Hyman, Adam Shapiro, Dan Roberts and David Kotok, Cumberland Advisors’ Chairman and Chief Investment Officer discuss. …read more […]

Yahoo Finance’s Julie Hyman, Adam Shapiro and Dan Roberts talk retail and retail earnings with David Kotok, Cumberland Advisors Chairman & Chief Investment Officer and Stacey Widlitz, SW RETAIL ADVISORS’s Chief International Store Hunter. …read more […]

(Bloomberg) — Long-anticipated layoffs at WeWork have begun, part of the struggling office-sharing company’s plan to cut costs after staggering losses.WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms of assistance, according to an emailed statement.The job cuts represent almost 20% of the company’s global workforce, which totaled 12,500 as of June 30.“We are grateful for the important roles they have played in building WeWork over the last decade,” a company spokesperson said. Staff reductions began weeks ago in regions around the world and continued this week in …read more […]

The winner of the next-generation hepatitis B vaccine market could largely be determined by upcoming safety data between Sci-B-Vac and Heplisav-B Continue reading… …read more […]