Category: Market News
Former Donald Trump aide Steve Bannon was sentenced on Friday to four months in prison and fined $6,500 for contempt of Congress. Bannon was convicted in July on two charges after ignoring subpoenas from the House panel investigating the Jan. 6 riot at the U.S. Capitol. Bannon will be allowed to appeal. Source: Marketwatch
A consumer survey from the American Bankers Association reports that 66% of Americans support allowing cannabis businesses to access banking services including checking accounts and business loans in states where cannabis is legal. Two-thirds of Americans support federal legislation from Congress to allow cannabis businesses to enter into banking services in the 39 U.S. states […]
The Centers for Disease Control and Prevention moved Thursday to address false claims that an advisory committee vote to recommend that the COVID vaccine be added to immunization schedules for school children would lead to a mandate, clarifying that states are the ones that have the authority to make that decision. The false claim spread […]
Tesla Inc. TSLA, -6.65% Chief Executive Elon Musk plans deep cuts at Twitter Inc. TWTR, +1.18% should he end up with the embattled company, according to a report in The Washington Post on Thursday. The world’s richest man has informed prospective investors in his deal to acquire Twitter that he intends to slash 75% of […]
Revlon Inc. REV, -5.34% said late Thursday a New York Stock Exchange committee rejected its appeal to not delist its stock and expects to be delisted “in the hear future.” Back in August, Revlon shares tumbled when a bankruptcy judge denied minority shareholders a special committee to represent them. Revlon shares fell 5.3% to close […]
The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the source of the next financial crisis. Then last week, U.S. Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in the trading of […]
Texas Attorney General Ken Paxton on Thursday sued Alphabet Inc.’s GOOGL, +0.71% GOOG, +0.60% Google, claiming it collected biometric data for millions of Texans without obtaining proper consent. “For more than a decade, Texas has prohibited companies from capturing Texans’ biometric data – including the unique characteristics of an individual’s face and voice – without […]
Leafly Inc. LFLY, +1.74% is eliminating about a fifth of its jobs as it moves to generate cost savings. The cannabis marketplace said it’s cutting 56 positions, or 21% of its workforce, through layoffs and attrition. Leafly will book a $500,000 charge in the fourth quarter for expenses related to the move. The company said […]
Shares of Dick’s Sporting Goods Inc. DKS, +0.77% hiked up 2.4% in premarket trading Thursday, after Oppenheimer analyst Brian Nagel turned bullish on the sporting goods and athleisure apparel retailer, saying he believes the company will keep capitalizing on “positive, post-pandemic shifts in consumer demand.” Nagel raised his rating to outperform, after being at perform […]
Tractor Supply Co. TSCO, -3.21% reported Thursday third-quarter profit that topped expectations but sales came up a bit shy, and raised its full-year outlook. The rural lifestyle retailer said net income rose to $234.1 million, or $2.10 a share, from $224.4 million, or $1.95 a share, in the year-ago period. The FactSet consensus for earnings […]
