Tag: brokerswatch

The New York State Cannabis Control Board on Tuesday approved a proposal to allow medical cannabis patients to grow their own marijuana. Patients may grow up to three mature and three immature plants at home. Designated caregivers with two or more patients may grow up to six mature and six immature plants. Separately, the Cannabis […]

Asking rents in the U.S. were still rising, and reached a record in August, but growth has slowed for a third-straight month, according to a report from online real estate services company Redfin Corp. RDFN, -0.57%. The national median rent reached $2,039 a month in August, up 11.1% from a year ago, but that was […]

Shares of Chemours Co. CC, -3.84% sank 5.5% toward a six-month low in premarket trading Wednesday, after the specialty materials company lowered its full-year outlook due to a continued demand decline in its Titanium Technologies business. The company said it now expects 2022 adjusted earnings before interest, taxes, depreciation and amortization (Ebtida) to be between […]

Defense contractor BAE Systems BA, +4.38% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.15% and BP, +1.57% also buoyed the U.K. index UKX, +0.59%, up 0.8%.

Amazon.com Inc. AMZN, -1.98% said Wednesday it’s adding 2.7 gigawatts (GW) of energy capacity across 71 new renewable energy projects, including its first energy farms in Brazil, India and Poland. Amazon Web Services CEO Adam Selipsky said Amazon plans to reach 100% renewable energy across its business by 2025. Amazon’s renewable energy projects are currently […]

Market timer Tom McClellan, publisher of the McClellan Market Report, said he was changing to short-term neutral Wednesday, after being bearish since after the Sept. 9 close, ahead of the Federal Reserve’s policy setting committee’s (FOMC) meeting. “I don’t want to ride that bucking bronco,” McClellan wrote. The Fed is expected to raise overnight interest […]

Shares of General Mills Inc. GIS, -0.55% climbed 0.9% in premarket trading Wednesday, after the branded consumer foods company, which brands include Cheerios, Betty Crocker and Häagen-Dazs, reported fiscal first-quarter profit that rose above expectations and raised its full-year outlook, as strength in its North America and pet businesses offset international weakness. Net income for […]

The Beneficient Co. Group, a provider of liquidity and related services for investors in alternative assets, is going public via a merger with special purpose acquisition corporation Avalon Acquisition Inc. AVAC, in a deal valued at $3.5 billion. Beneficient has financed transactions to deliver liquidity on about $1.1 billion in net asset value of alternative […]

Shares of Glatfelter Corp. GLT, +2.41% dropped 4.7% in premarket trading Wednesday, after the supplier of engineered materials said it suspended its quarterly dividend, as part of a “reprioritization” of capital as it focuses its efforts on optimizing financial results. The company had last paid a quarterly dividend of 14 cents a share in June, […]

Beyond Meat Inc. BYND, -6.04% said late Tuesday it had suspended Chief Operating Officer Doug Ramsey, after he was arrested over the weekend. Jonathan Nelson, senior vice president of manufacturing operations, will oversee operations activities on an interim basis, the company said. Ramsey on Saturday was arrested and charged with “terroristic” threats and third-degree battery […]