Marijuana Weekly News Roundup
ThinkstockThe U.S. is not the only country where legalization of marijuana is attracting a lot of attention. But in the U.S., it is state governments that are responding to grassroots demands for legalizing pot.…
All Work
Paul Ausick
Marijuana Price Rises Less Than 2% to $1,841
For the week ended Friday, October 16, the spot price index for a pound of cannabis increased by $25.
Amazon Shares Could Rise 25% on Wal-Mart Trouble
Investors judge Wal-Mart as a large and lumbering brick-and-mortar business while Amazon is viewed as a large and nimble technology conglomerate.
Hedge Funds Look Elsewhere for Returns as Oil Rig Count Dips by 10
In the week ended October 16, the number of rigs drilling for oil in the United States totaled 595, according to the Baker Hughes North American Rotary Rig Count.
Coffee Prices Down 34% This Year
The last time coffee prices were this low was early 2014. The commodity price fell nearly 6% Friday.
The 52-Week Low Club for Friday
October 16, 2015: Here are four stocks trading with heavy volume among 25 equities making new 52-week lows today. Quanta Services Inc. (NYSE: PWR) dropped nearly 30% on Friday to post a new 52-week…
The 4 Stocks That Lifted the DJIA on Friday
ThinkstockOctober 16, 2015: Markets opened higher on Friday following an expected drop of 0.2% in U.S. industrial production and a surprise jump of 2.5 points in the consumer sentiment index. Crude oil for November…
What Sank Freeport-McMoran Shares on Friday
ThinkstockShares of Freeport-McMoRan Inc. (NYSE: FCX) traded down more than 5% in mid-afternoon trading Friday after gaining nearly 40% in the month of October. Of course, that follows a drop of nearly 67% since…
Data Breaches Top 600 to Date in 2015
The Identity Theft Resource Center reports that there have been more than 600 data breaches recorded through October 13, 2015, and that more than 175 million records have been exposed.
Analysts Remain Bullish on Boeing After Delta CEO Comments
Delta Air sees prices for used Boeing 777-200s for around $10 million from more than one seller, creating a buyer's market.
Did Alibaba Just Seal Netflix’s Doom in China?
Alibaba Group announced Friday that it aims to acquire the portion of Chinese video streaming company Youku Tudou that it does not already own.
How General Electric Earnings Improved
General Electric reported better-than-expected third-quarter 2015 results before markets opened Friday morning.
Margin Growth Boosts Honeywell Earnings; Full-Year Sales Forecast Trimmed
Honeywell International reported mixed third-quarter 2015 results before markets opened Friday morning.
Schlumberger Sees Further Challenges Ahead for Oil Industry
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported third quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.78 on revenues of $8.47 billion.…
The 52-Week Low Club for Thursday
October 15, 2015: Here are four stocks trading with heavy volume among 56 equities making new 52-week lows today. Wal-Mart Stores Inc. (NYSE: WMT) dropped about 5.7% on Thursday to post a new 52-week…
The 4 Stocks That Dominated the Dow on Thursday
ThinkstockOctober 15, 2015: Markets opened higher on Thursday following a strong showing for stocks in both Asia and Europe. Biotech stocks continue to get new life, helping overcome some softness in tech stocks. Crude…
First Data Prices IPO Below Range; Albertsons Chooses to Delay
ThinkstockWhat was supposed to be the year-to-date’s largest initial public offering went ahead Thursday morning with First Data Corp. (NYSE: FDC) selling 160 million shares at an IPO price of $16 per share, nearly…
VW Recalls More Than Double Its Annual EU Sales
Volkswagen is recalling some 8.5 million vehicles in 28 European Union countries, the equivalent of more than 2.5 years of new European sales of all the company's brands.
US FDA, FTC Decline to Review Diet Soda Advertising
In April of this year, a nonprofit organization called U.S. Right to Know requested an investigation into the use of the word "diet" as used in product advertising.
Crude Oil Price Tanks Again on Large Inventory Increase
U.S. commercial crude inventories increased by 7.6 million barrels last week, maintaining a total U.S. commercial crude inventory of 468.6 million barrels.