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The cannabis industry may be booming, but publishers looking to cash in keep going up in smoke. Hightimes Holding, which publishes the 45-year-old High Times magazine, warned shareholders in its latest SEC filing that it may not be able to continue operations. “Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt […]
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Firm unveils first non-lager beer from Kingfisher stable Beer is increasingly gaining acceptance as a social catalyst in India, but their prices are not yet attractive to a large number of consumers thanks to unfriendly taxes and excise duties that now prevail in India, according to United Breweries Ltd. (UBL). Debabrata Mukherjee, chief marketing officer, UBL, told The Hindu, “Some […]
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The U.S. stock market closes at 4 p.m. Eastern time on a typical day, but for traders sniffing around for a broad-market strategy that’s proven to be a winner in recent years, perhaps the closing bell should be treated like an opening bell. As you can see from this Bespoke Investment Group chart, since 2018, buying and then selling the […]
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The continued depreciation of the rupee against the U.S. dollar has limited negative credit implications for rated companies, as most have natural hedges in place. Driven by sluggish economic growth and slowing earnings, credit conditions will weaken for most Indian non-financial companies in 2020, Moody’s Investors Service said on Thursday. “Rated companies’ credit profiles are unlikely to improve significantly over […]
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Cannabis stocks rose Wednesday to recover some of their prior-day losses, boosted by expectations for a steep rise in spending on cannabis over the Thanksgiving holiday period, one of the busier shopping periods of the year. Data showed a sharp climb in cannabis sales on 2018’ s so-called “Green Wednesday,” the day before Thanksgiving, as well as on Black Friday, […]
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Deere & Co. shares slid 4.3% in premarket trade Wednesday, after the maker of agricultural equipment issued a profit warning for fiscal 2020 and said uncertain farmers are reluctant to invest in new equipment. “Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new […]
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NEW YORK — New York City lawmakers voted Tuesday to ban flavored electronic cigarettes after a lawsuit halted a statewide ban. “We are acting to protect our kids by banning the e-cigarette flavors that have been hooking them for years,” Democratic City Council member Mark Levine said before the Council voted 42-2 to adopt the ban on flavored vaping products. […]
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Dick’s Sporting Goods Inc. reported earnings and sales that beat expectations on Tuesday, which CFRA’s Camilla Yanushevsky attributes, in part, to the retailer’s pullback on gun sales. The results sent shares soaring more than 18% in Tuesday trading, en route to the third biggest one-day percentage gain since Dick’s Sporting Goods DKS, +17.55% went public. Same-store sales growth of 6% […]
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Meet the world’s youngest selfie-made billionaire. Reality star and cosmetics queen Kylie Jenner, now 22, is probably the most recognizable (and controversial) newcomer in the Forbes magazine world billionaires issue revealed in March, when she was still 21. The social-media star’s fortune officially hit $1 billion earlier this year, several months after Forbes put her on the cover of its […]
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Walmart Inc.’s 41% e-commerce growth in the third-quarter was the best quarter of sales growth for its online channel this year, but much of the gain came from grocery, which GlobalData Retail argues shows a need to branch out into other categories. Walmart WMT, -0.27% reported profit that beat expectations and raised its earnings guidance for the year. However sales […]
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