Latest Market News
Jefferies analyst Owen Bennett said Wednesday that Canopy Growth Corp.’s CGC, +1.40% WEED, +4.24% plan to divest 28 retail stores stands out as an example of the “wasted capital” by the cannabis company’s former management. Canopy Growth said after the closing bell on Tuesday that it’s selling its Tweed and Tokyo Smoke stores for an […]
Shares of Apple Inc. AAPL, -4.02% dropped 3.8% to pace the Dow Jones Industrial Average’s DJIA, +0.15% premarket losers, after Bloomberg reported overnight that an expected surge in demand for new iPhones have failed to materialize. The report said Apple is dropping plans to boost production as a result. Apple’s stock is on track to […]
The next Bitcoin (BTC) bull run will have to be much different from historical cryptocurrency rallies in terms of story and utility, Galaxy Digital CEO Mike Novogratz believes. Compared to previous bull runs, the next Bitcoin rally will have to be more focused on utility and less on the story, Novogratz predicted at a panel […]
Johnson & Johnson JNJ, -0.46% unveiled Wednesday the name for its New Consumer Health Company that is being spun off: Kenvue. The name, pronounced ken-view, comes from the English word “ken,” which is primarily used on Scotland and means knowledge, and “vue,” which references sight. Kenvue, which will become a standalone company in 2023, will […]
Shares of Atlis Motor Vehicles Inc. AMV, +198.62% are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.12. In Wednesday’s premarket, the stock leads all gainers as […]
Shares of Thor Industries Inc. THO, +4.17% shot up 4.6% in premarket trading Wednesday, after the recreational vehicle maker reported a big profit beat for the fiscal fourth-quarter, as sales rose above forecasts and margins improved. Net income for the quarter to July 31 climbed to $280.9 million, or $5.15 a share, from $230.3 million, […]