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Finance

Zacks Investment Research raised shares of Canopy Growth from a "sell" rating to a "hold" rating in a research note on Friday , September 21st. Canopy Growth Corporation , together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada.
  • Sears bankruptcy: What does it mean for shoppers?

    Sears bankruptcy: What does it mean for shoppers?

    Finance

    That is in addition to the 46 stores planned to close already. Lampert had pledged to restore Sears to its glory days, when it owned the tallest building in the world and companies that included a radio station and Allstate insurance.
  • James Murdoch favoured as new Tesla chairman to replace Elon Musk

    James Murdoch favoured as new Tesla chairman to replace Elon Musk

    Finance

    Musk has approximately 45 days to step down as chairman of Tesla's board under the rules of the SEC settlement and must not take the position back for at least three years. Mr. Musk was stating this in response to a post as to why he was being impersonated by Twitter bots, to promote cryptocurrency. In a vote of confidence for Musk, shareholder T.
  • Saudi Arabia Threatens 'Greater Action' If Riyadh Is Punished Over Writer's Disappearance

    Saudi Arabia Threatens 'Greater Action' If Riyadh Is Punished Over Writer's Disappearance

    Finance

    Speaking a day after he was last seen, Mohammed, the crown prince, said in an interview with Bloomberg that Turkish authorities were welcome to search inside the consulate building. President Donald Trump has repeatedly blamed OPEC kingpin Saudi Arabia for rising gasoline costs, as prices continue to head in the wrong direction for American consumers with midterms coming up in less than four weeks' time.
  • Facebook reveals details of September data breach affecting 29M users

    Facebook reveals details of September data breach affecting 29M users

    Finance

    Of that number, 15 million users had their name and contact info (phone number and/or email) compromised while another 14 million lost that and their gender, Facebook username, location, language, relationship status, hometown, religion, current area of residence, birthdate, devices used to access Facebook, work, education, and more.
  • President Trump calls Fed

    President Trump calls Fed "crazy"

    Finance

    But he downplayed the first major drop in months, saying, "it's a correction that we've been waiting for a long time". The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. In a brief interaction with reporters and later in comments to Fox News , Trump said the U.S. central bank was "too aggressive" in raising interest rates.
  • Turkey frees detained USA pastor in move likely to please Trump

    Turkey frees detained USA pastor in move likely to please Trump

    Finance

    North Carolina Pastor Andrew Brunson is expected to be released from detention in Turkey and returned to the US after a secret deal has been worked out, according to senior Trump administration officials, NBC News reported Thursday . But Brunson maintained his innocence, telling the court, "I love Jesus". The White House is not elaborating on any deal, but the president suggested Friday that US efforts were ongoing and confirmed that Brunson will be coming home.
  • Top US officials talk to bin Salman on Khashoggi

    Top US officials talk to bin Salman on Khashoggi

    Finance

    After the consulate, we were going to buy appliances for our new home and set a date. Frankly, because it's a reporter , you could say in many respects, it brings it to a level. The Saudi government has denied the claim , but without producing any proof to back up Crown Prince Mohammed bin Salman's assertion Khashoggi left the building.
  • US unemployment falls to 3.7 percent - lowest since 1969

    US unemployment falls to 3.7 percent - lowest since 1969

    Finance

    BLS revisions added 87,000 more jobs for July and August. Economists had estimated 185,000 new jobs were created last month, according to a Bloomberg survey . The dollar was trading lower against a basket of currencies while US Treasury yields were higher. Average hourly earnings rose 8 cents to $27.24, lowering the annual gain to 2.8 percent from a nine-year high of 2.9 percent in August.
  • Why Arun Jaitley's fuel price cut is bad economics

    Why Arun Jaitley's fuel price cut is bad economics

    Finance

    However, fuel will cost Rs 5 per litre lesser with immediate in six states - Uttar Pradesh , Gujarat, Maharashtra, Chhattisgarh, Tripura and Assam - where state governments have further cut Value-Added Tax by Rs 2.50 per litre. He said the Kerala government wants the Centre to remove taxes on petrol and diesel that were imposed when the BJP-led government imposed in 2014 after coming to power.
  • Amazon Makes a Big Move on Minimum Wage

    Amazon Makes a Big Move on Minimum Wage

    Finance

    Sanders did commit to working with Amazon CEO Jeff Bezos in his fight to raise the federal minimum wage. If you work for Amazon, there's a good chance you're waking up to some surprising and welcome news this morning. It could well be, and I think it will be, the shot heard around the world. Some companies have responded to the public pressure. "This will lead to a general increase in minimal wages in all industries", he said.
  • Elon Musk's 420 Tweet Costs Him and Tesla $20 Million Each

    Elon Musk's 420 Tweet Costs Him and Tesla $20 Million Each

    Finance

    In an internal email obtained by Bloomberg , company chief Elon Musk is asking around 100 to 200 employees thinking of buying a Tesla to join an internal testing program for the automaker's full-fledged autonomous system. Tesla stock ( NASDAQ:TSLA ) is exhibiting a strong recovery on Monday, trading up 15.40% at $305.54 per share during the opening bell. The company has recently been struggling to meet audacious production goals for its Model 3 sedan.
  • Carmakers relieved as US reaches trade deal with Canada

    Carmakers relieved as US reaches trade deal with Canada

    Finance

    Dairy Farmers of Canada says the new deal will grant greater market access to the domestic dairy market and eliminate competitive dairy classes. "Today, I have kept that promise". "NAFTA is dead. We have USMCA". Automakers looking to avoid duties on vehicles imports will need to use a higher percentage of North American auto parts and pay workers more, a provision created to make USA labor more competitive.
  • Tesla stock roars back after Elon's SEC deal

    Tesla stock roars back after Elon's SEC deal

    Finance

    Musk and Tesla will each pay $20 million under the settlement , the SEC said in a statement Saturday . The tweets had no basis in fact, and the ensuring market chaos hurt investors, the SEC said. Tesla shares sank last week after the SEC accused Mr Musk of securities fraud, opening up the prospect of a long-drawn out fight that could have seen Tesla lose its leader, undermine its ability to raise capital and cripple operations.
  • US, Mexico ready to sign new NAFTA without Canada

    Finance

    Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting. The two nations have been locked in negotiations for a year on a rewrite of the 25-year-old continental trade deal that Mr Trump blames for losses of United States jobs and industry.
  • Price of oil could reach $100/barrel by late 2018 or early 2019

    Finance

    A pumpjack brings oil to the surface in the Monterey Shale, California, U.S., April 29, 2013. Global benchmark Brent fell 37 cents to $81.50 a barrel by 10:57 a.m. Earlier on Monday, Oil prices rose by nearly 2 percent as the USA sanctions restricted Iranian crude exports, which helped tighten the total global supply.
  • Michael Kors Rumored To Purchase Versace For $2 Billion This Week

    Michael Kors Rumored To Purchase Versace For $2 Billion This Week

    Finance

    The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals. The deal comes as budding luxury conglomerates, including Michael Kors' U.S. Michael Kors also announced previous year it would go fur-free, which makes the Versace acquisition all the more in line with its values. Last year , the American group bought Jimmy Choo - whose stilettos were made famous by TV series Sex and the City - for $1.35bn.
  • President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

    President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

    Finance

    Last week, China announced retaliatory tariffs on USA products worth $60 billion after the United States did not withdraw its duties on Chinese imports worth $200 billion effective from Monday. Business groups say American companies report Chinese regulators also are stepping up pressure on them by slowing down customs clearance and increasing environmental and other inspections.