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Ford says ‘no’ to Trump’s latest demand

Ford is saying ‘no’ to President Trump’s demand that it move production of the Ford Focus Active to the US. This as Apple is warning the tariffs on China will drive up prices. Yahoo Finance’s Alexis Christoforous, Rick Newman and Maylan Studart have the latest on the trade fight. …read more […]

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Aurora Cannabis-ICC Labs Deal Fuels Marijuana Stock Momentum

Pot stocks continued charging higher Monday after Aurora Cannabis Inc. reached a deal to acquire South America-focused ICC Labs Inc. The C$290 million ($220 million) deal is the latest in an acquisition spree that has seen Aurora buy at least 10 companies in the past two years. Aurora shares gained as much as 4.1 percent, while ICC added 5.6 percent at 9:30 a.m. in Toronto. …read more […]

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Les Moonves, one of the highest-paid CEOs in the US, leaves CBS with a net worth of $700 million

CBS Corporation CEO and Chairman Leslie Moonves has left the company after The New Yorker published a new report detailing sexual harassment and assault allegations from six women against the media executive. The accusations followed sexual misconduct and harassment accusations from six other women in July, as The New Yorker reported. The network said Moonves would not receive any severance benefits at this time. …read more […]

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Spotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown

BEIJING/SHANGHAI (Reuters) – Unlike his charismatic boss, Jack Ma, Alibaba chief executive Daniel Zhang isn’t usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public. “We don’t know much about (Zhang) even though he’s been CEO for a while, because he’s by nature a very low-key person, low profile. The handover of power, the first such transition for any of China’s major tech firms, will see Zhang, 46, elevated to the top of a sprawling empire that spans e-commerce, payments, fast food delivery and brick-and-mortar retail. …read more […]

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Who Will Clean Up Elon Musk’s Mess? Musk, Of Course!

Just when I thought the Elon Musk news cycle might come back to earth for a few days, it erupted, into the stratosphere, yet again. Then Musk went on the wildly popular Joe Rogan Experience podcast, where he sipped whiskey and took a drag of a blunt containing tobacco mixed with marijuana. You probably can’t because stockholders, right?” Rogan asked, giving Musk the perfect out. …read more […]