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Best Buy Warns That Growth Is Slowing After Strong Quarter

(Bloomberg) — Best Buy Co. benefited from Americans splurging on household upgrades but warned that the boost it received from reopening stores won’t last through the rest of the current quarter, sending the shares down.Comparable-store sales in the U.S. — a key gauge of performance — rose 5%, beating analysts’ projections. But like other retailers, Best Buy said it wouldn’t provide financial guidance due to the uncertainty surrounding the coronavirus pandemic. The hints it did give about third-quarter sales disappointed investors.The shares fell 2.9% in premarket trading as of 8:26 a.m.After Target’s stellar results last week, investors were keen to …read more […]

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Navy SEAL Trader at Jefferies Helped Expose Hedge Fund Scandal

(Bloomberg) — He was a Navy SEAL, before becoming a trader. Then someone messed with him.Joe Femenia, the head of distressed-debt trading at Jefferies Financial Group Inc., set in motion one of the most astonishing falls-from-grace to captivate the world of hedge funds. The 43-year-old is the unidentified executive outlined in court filings last week, whose taped conversation led to the swift downfall of Dan Kamensky’s Marble Ridge Capital, according to people with knowledge of the matter.The saga has laid bare the rough-and-tumble ways of distressed investing, where investors look to pull every lever in their favor.In the industry’s social …read more […]

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Village Farms International's Cannabis Joint Venture Pure Sunfarms Begins Shipping Cannabis 2.0 Products and Bottled Oils

– Pure Sunfarms’ Full Spectrum Vapes in 510 Thread Cartridges and Pure Sun CBD Oil to be Available to Consumers in British Columbia in the Coming Days, with Ontario and Alberta to Follow –VANCOUVER, BC, Aug. 25, 2020 /CNW/ – Village Farms International, inc. …read more […]

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A Bit of a Personal Message

I’ve got something different today.
No “we” or “our.” No musings about things you may not have thought of before.
Just you. Just me. And something I’m sure you’ve thought about a lot.
This is the start of something big.
You see, my readers mean the world to me. I get up every morning excited to pick up my pen and share my thoughts. The feedback I’ve received since starting this column several years ago has been tremendous.
But I recently got a note from a reader who was, well, a bit different.
I immediately printed it out and taped it to the wall of our …read more […]