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Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge

November 14, 2019 admin Comments Off on Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge

(Bloomberg) — Canopy Growth Corp. shares fell to the lowest in nearly two years after the pot company reported revenue that missed the lowest analyst estimate and a loss that one analyst called “astounding.”The world’s largest cannabis company by market value also said it’s unlikely to meet its previous guidance of C$250 million in revenue by the fiscal fourth quarter, which ends March 31.Shares fell as much as 16% Thursday to C$20.55, the lowest since December 2017. The stock has lost more than 40% since the beginning of the year.Canopy took a restructuring charge of C$32.7 million ($24.6 million) for …read more […]

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IBM to launch faster weather forecast system to cover the globe

November 14, 2019 admin Comments Off on IBM to launch faster weather forecast system to cover the globe

Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data. Demand for very precise and quicker weather forecasts has grown as more extreme conditions increase due to climate change and as more variable renewable energy goes to the grid. The system, known as IBM GRAF – the Global High-Resolution Atmospheric Forecasting System – will run on a supercomputer and provide more detailed and higher quality forecasts. …read more […]

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Kalanick Has Now Sold $711 Million of Uber Since Lockup Expired

November 14, 2019 admin Comments Off on Kalanick Has Now Sold $711 Million of Uber Since Lockup Expired

(Bloomberg) — Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His …read more […]

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How Investment Newsletters Can Make You Money

November 14, 2019 admin Comments Off on How Investment Newsletters Can Make You Money

You don’t need the Wall Street hacks to get rich. But you don’t have to go it alone when it comes to investing either. There’s another alternative: investment newsletters.
After all, if you’re not skeptical of stock brokers and financial advisors, you should be.
Stock brokers and financial advisors make money by charging commissions for trades or by charging fees to manage your money. In addition, they can also charge commissions to push specific financial products that can reward their own wallets more than yours. That means that their interests do not necessarily align with the interests of their customers.

After all, the …read more […]

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Big Boeing 737 News Lifts Aerospace ETFs

November 14, 2019 admin Comments Off on Big Boeing 737 News Lifts Aerospace ETFs

Shares of Boeing (BA) climbed nearly 4% in early afternoon trading, adding more than 94 points to the Dow Jones Industrial Average, after the aerospace company announced on Monday that it expects to resume deliveries of its grounded 737 Max planes as early as next month and that airlines could be able to restart commercial service in January. …read more […]