Business News
Thomas Cook’s Nordic unit to carry on after parent company’s collapse
Thomas Cook’s Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.
Year: 2019
Business News
GM-UAW contract talks focus on temp workers
The use of temporary workers is a key bargaining issue in negotiations between General Motors Co and the striking United Auto Workers union over a new four-year contract.
Business News
Wall Street edges higher with Apple, though economic data mixed
U.S. stocks were higher in late afternoon trading on Monday, helped by gains in shares of Apple Inc, though mixed economic cues in the face of a prolonged U.S.-China trade war limited the advance.
Business News
Vivendi steps up legal fight after keeping Mediaset stake
Vivendi is taking legal action against Mediaset’s plans to reshape its future after deciding to hold on to its stake in the Italian broadcaster after a deadline to sell expired.
Business News
Honda to cease diesel vehicle sales in Europe by 2021
Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.
Trading Ideas
Massachusetts Vape Sales Plummet in Light of Health Concerns
Massachusetts marijuana vape sales have taken a dramatic dive amid national vape-related health concerns. And Juul, the company that holds nearly 75% of electronic cigarette market share, is reacting in a way that reminds us an awful lot of the tobacco industry.
Weekly sales of oil-filled vape cartridges dropped from a recent peak of $919,776 in mid-August to $689,924 two weeks ago, according to the Massachusetts Cannabis Control Commission. Sales on September 15 were $68,609 – the lowest in two months.
The decline happened despite four new pot retailers and two medical marijuana dispensaries opening during the same period – and despite …read more […]
Business News
Fed’s Bullard says prefers standing repo facility to ensure smooth markets in the future
St. Louis Federal Reserve bank president James Bullard said on Monday he would support the creation of a standing repo facility at the Fed in the “medium term” to avoid the sort of problems that developed last week in important short-term funding markets.
Business News
Fed’s Bullard: U.S.-China trade relations probably had to come to a head
St. Louis Federal Reserve President James Bullard said on Monday it was probably inevitable that the United States and China would clash on trade, given that China has not lived up to commitments made when it was allowed into the World Trade Organization.
Business News
Global stocks sink on dismal economic data, mixed trade signals
Global shares sank on Monday as weaker-than-expected economic data added to investor worries over the unresolved U.S.-China trade dispute’s effects on the world economy.
Business News
U.S. court deals setback to FCC push to revamp media ownership rules
The Federal Communications Commission suffered a setback on Monday in a long-running legal battle when a federal appeals court struck down its latest effort to loosen U.S. media ownership rules.
Business News
Google launches subscription service for select apps and games
Alphabet Inc’s Google said on Monday it is rolling out Google Play Pass, a subscription service that gives Android users access to more than 350 apps and games without ads and in-app purchases.
Business News
Huawei CFO arrives at Vancouver court for hearing expected to disclose arrest details
Huawei Chief Financial Officer Meng Wanzhou arrived at a Canadian courtroom on Monday along with her lawyers to press for more details surrounding her arrest at Vancouver’s airport nearly 10 months ago.
Trading Ideas
Vaping Health Crisis, Corporate Drama Contribute to Pot Stock Pullback
For weeks we’ve been covering the national “vaping crisis.”
And it just continues to gain steam.
The Centers for Disease Control and Prevention announced that the number of victims from the vaping-related illness is now over 530. Unfortunately, it has also claimed its eighth victim – a Missouri man in his 40s.
In response to the growing epidemic, the Food and Drug Administration launched a criminal probe last week. The agency has collected more than 150 samples for forensic analysis. Though the majority of illnesses appear to come from THC vape pens.
Meanwhile, two states – New York and Michigan – have banned all …read more […]
Business News
Wall Street buoyed by Apple; trade concerns, mixed PMI cap gains
Apple Inc boosted the S&P 500 and the Nasdaq on Monday, even as gains were limited by mixed economic cues in the face of a prolonged U.S.-China trade war.
Business News
Fed’s Bullard: U.S. policy now ‘considerably’ looser, but markets may demand more
The Federal Reserve’s policy shift since last year has made monetary policy “considerably more accommodative” than a year ago, but world markets are likely expecting more to come, St. Louis Federal Reserve bank president James Bullard said on Monday.