Year: 2019

At the end of October, I wrote that the next wave for cannabis companies would be “buyer’s remorse.”
That’s because pot stocks have fallen flat on their faces over the past six months.
The mergers and acquisitions that fueled companies’ champagne wishes and caviar dreams were inked when share prices were sky high.
But now these companies are battered and bruised.
We’d already heard that MedMen Enterprises (OTC: MMNFF) abandoned its $682 million takeover of PharmaCann.
I said then that unless some major headway was made on marijuana mergers and acquisitions, the MedMen fallout would merely be the first. And that at least half of …read more […]

The package delivery firm’s financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump’s tax overhaul, according to the NYT story published on Sunday. Smith late on Sunday called the story https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html “distorted and factually incorrect” and challenged NYT’s publisher A.G. Sulzberger and the business section editor to a public debate in Washington. …read more […]

Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signed. The government-sponsored enterprise is betting not only that a deal will be passed, but that it will happen in time for the Dec. 15 tariffs on Chinese goods to be scrapped. “Even as global uncertainties mount, we continue to expect the domestic economy to produce solid, if not spectacular, growth,” said Doug Duncan, chief economist …read more […]

The big shareholder groups in The Meet Group, Inc. (NASDAQ:MEET) have power over the company. Large companies usually… …read more […]

Anyone researching Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) might want to consider the historical… …read more […]

(Bloomberg) — The Federal Communications Commission moved toward controlling a lucrative airwaves sale in a public auction rather than letting Intelsat SA and SES SA conduct a private sale of the frequencies.The plan, which could slash the satellite companies’ payout by billions of dollars, was announced by FCC Chairman Ajit Pai in a tweet.Intelsat plunged as much as 30% on the news. Shares were down 11% to $11.99 at 12:10 p.m. in New York. Intelsat was the biggest decliner on the Russell 2000 Index.Pai said the sale should free airwaves for 5G wireless use, do so quickly and generate revenue …read more […]

The Federal Aviation Administration is exploring a potential overhaul of plane approvals. This comes as Airbus beats out Boeing for two mega deals at the air show in Dubai. Yahoo Finance’s Alexis Keenan joins On the Move to discuss. …read more […]

Today we’ll look at Kinross Gold Corporation (TSE:K) and reflect on its potential as an investment. To be precise… …read more […]

Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March. Emirates threw its weight behind the Airbus A350 with an expanded order for 50 jets worth $16 billion, but shelved plans to order the slightly smaller A330neo as the Middle East’s largest carrier embarked on a more diversified fleet structure. The firm order, signed in front of reporters on day two of the …read more […]