California Pot Merchants Hit by New Labeling Requirement
A labeling requirement in California warning consumers of the risks of products derived from cannabis could have a chilling effect on the state's legal growers and retailers.
All Work
Paul Ausick
New Home Sales Surged in May
New home sales surged in May to an annualized rate of 676,000. The month-over-month growth was largely due to a substantial downward revision in the estimates for April.
SoftBank Puts $21 Billion Bandage on Bleeding Vision Fund Wound
Tokyo-based SoftBank said it will sell about two-thirds of its stake in T-Mobile as the Japanese firm tries to recover from big losses in its most recent fiscal year.
No Free Trials for Disney+ When ‘Hamilton’ Premieres Next Week
Disney has quietly killed its 7-day free trial offer for its Disney+ streaming service just ahead of the premiere of the movie version of the hit Broadway musical 'Hamilton.'
American Airlines Stock Battered Again as Company Adds $500 Million to Capital Raise
American Airlines has reportedly added $500 million to the amount the company plans to raise in new debt and stock offerings, bringing the total raised to $4 billion.
Verizon Could Seriously Cut Customer Churn With New Credit Card Launch
Verizon has teamed up with Visa and Synchrony Financial to offer a rewards credit card to customers. The company is hoping to cut down on its customer churn rate.
Fiat Chrysler Nears $7.1 Loan Guarantee From Italian Government; Now the Bad News
Automaker Fiat Chrysler is reportedly near a deal for $7.1 billion in Italian-government backed loans to guarantee liquidity as the country recovers from the COVID-19 pandemic. But the deal may be bogged down by…
It Took 110 Years for GE to Change Its Auditing Firm
After a relationship that had lasted 110 years, GE will replace KPMG as its independent auditing firm beginning next year. Deloitte has been selected as GE's new auditor.
American Airlines Adds $3.5 Billion in Liquidity to Survive COVID-19
American Airlines is the latest of the major U.S. carriers to raise capital as the industry suffers through its worst crisis ever.
Are New Apple Store Closures a Signal for Other Retailers?
Only a few weeks after beginning to reopen its 800 or so retail stores, Apple has decided to close 11 stores in four states for a second time as COVID-19 cases spike.
Change to International Shipping Rules Adds New Threat for US Postal Service
The USPS faces another hurdle in its efforts to remain solvent. A new change in international shipping rates goes into effect on July 1 that could lower the agency's revenues.
Chinese Shoppers Spend $126 Billion During Online Sales Extravaganza
A multi-day online shopping festival known as 6.18 concluded Thursday in China with sales for the period totaling more than $126 billion.
COVID-19 Slams CarMax Sales, Earnings
Used car retailer CarMax reported fiscal first-quarter results that beat consensus estimates, but that fell far short of results for the same period last year.
Boeing Stock at the Mercy of Congress, Demand for New Planes
The longer it takes for Boeing to get the 737 Max back in the air and to resolve its political difficulties, the harder it becomes for the company to win against its well-stocked rival.
T-Mobile Wraps Asset Sale, Files for Debt Sale, Offers Mixed Guidance
T-Mobile dropped a number of announcements this week, including a massive increase in the number of postpaid subscriber additions it expects in the second quarter.
BP Adds $12 Billion in Liquidity as It Tries to Protect Dividend
Oil supermajor BP is issuing some $12 billion in new debt as it works to beef up its balance sheet ahead of a second-quarter asset impairment that could go as high as $17.5 billion.
Nucor, US Steel Get Different Reactions to New Guidance
U.S. Steel and Nucor both released second-quarter guidance this week. Investors have reacted quite differently to the news.
Will the Return of Live Sports Boost Disney Stock?
The return of live sports should help offset Disney’s losses from theme park and theater closures, but stadiums will stay empty.
US Crude Oil Production Set To Rise Again
After shutting in production at thousands of U.S. shale wells, some producers are getting set to restart the wells. U.S. production could rise by half a million barrels a day by next month according…
AT&T Stock Price Confronts 3 Pressure Points
AT&T plans to fire 3,400 technical and clerical workers and close more than 250 stores costing another 1,900 people their jobs. The company may also be trying to sell its gaming division and is…