Business News
Kroger asks customers to quit openly carrying guns in stores
U.S. grocer Kroger Co has begun asking customers to stop openly carrying firearms in stores, a change in policy, a spokeswoman said on Tuesday.
Articles by admin
Business News
Exclusive: OxyContin maker prepares ‘free-fall’ bankruptcy as settlement talks stall
OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company’s $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case.
Business News
Facebook brings face recognition to all users, discontinues ‘Tag Suggestions’
Facebook Inc is opening up its face recognition technology to all users with an option to opt out, the social media company said on Tuesday, as it discontinued a related feature called “Tag Suggestions.”
Newsmakers
Medicine Man Technologies (OTC: MDCL) Unveils its Largest Deal Yet with Entry into a Term Sheet to Acquire a Group of Dispensaries Operating under the Starbuds Brand
– The Company’s addition of a group of five dispensaries will increase the retail footprint and regional coverage of the Company in Colorado- As part of the agreement, one of the original industry pioneers, Brian […]
Business News
Tyson cuts profit forecast, says slaughterhouse fire among challenges
U.S. meat processor Tyson Foods Inc on Tuesday lowered its 2019 adjusted earnings forecast citing short-term challenges due to commodity market volatility, slower-than-expected operational improvements in the chicken segment, and the impact of a recent fire at its slaughterhouse in Holcomb.
Business News
Ford finds buyer for Brazil plant, but new owner could cut 1,300 jobs
Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant’s workers.
Business News
Factbox: Recent U.S. corporate responses to gun violence
A series of mass shootings in the United States, including one each in Texas and Ohio last month that killed 31 people, once again has revived a national debate on firearms regulation, which in the past has led retailers and other U.S. companies to tighten restrictions on gun sales.
Trading Ideas
What the “Experts” on TV Won’t Tell You
The money media is in its panic-creating mode…
The topic this time is recession. And this most recent effort by the talking heads to keep you glued to the tube to sell advertising space, not to advise you, should serve as a wake-up call for all investors.
Here’s why…
It seems as if everyone who can have a microphone pinned to them is being asked by financial network interviewers to weigh in on the probability of a recession in 2020 or beyond.
And the opinions are coming from those who vary widely in terms of education, training and experience in the money business.
Those who …read more […]
Business News
U.S. Treasury yields drop, stocks slide as global slowdown fears loom
Benchmark 10-year U.S. Treasury yields fell on Tuesday to their lowest since July 2016 and all three major U.S. stock indexes lost ground in a risk-off session driven by heightened trade worries and an unexpected contraction of U.S. factory activity.
Business News
Wall Street pushed down by weak data, trade worries
U.S. stocks fell on Tuesday as investors worried about global growth prospects after data showed U.S. factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend.
Newsmakers
Phunware (NASDAQ: PHUN) Partners with Midway and MKT Consulting to Unveil Premium Mobile Experience for Buffalo Heights
Phunware’s Multiscreen-as-a-Service (MaaS) Platform Provides Mixed Use Development with Unified Mobile Solution Serving Multiple Stakeholders Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands […]
Business News
Huawei says U.S. enticing, coercing staff to provide company info
China’s Huawei Technologies on Tuesday said the U.S. government had instructed law enforcement to “coerce” and “entice” its employees to turn against the company, as it steps up its pushback against a U.S. campaign that could threaten its survival.
Trading Ideas
Revisiting Our Profitable Predictions on Best Buy and Dollar General
Back on July 17, I published a Trade of the Day titled “Why Best Buy’s Resistance Level Is Worth Tracking.”
In it, I wrote…
Whenever you have a stock hitting a double top resistance – at the same time that insiders are selling stock – your speculative antenna should go up. Why? Because that’s two bearish indicators – occurring simultaneously. That’s exactly the situation facing Best Buy (NYSE: BBY) right now…
A big part of trading is following support and resistance levels that just occurred – and Best Buy at $75 qualifies as the most recent resistance level worth tracking. Combine that …read more […]
Business News
Brazil automaker CAOA signs preliminary agreement to buy Ford plant
Brazilian automaker CAOA has reached a preliminary agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, which the U.S. automaker will close by year’s end as part of a global restructuring, the companies said on Tuesday.
Business News
Oil sinks as manufacturing data feeds global economy worries
Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.