U.S. marijuana retail chain MedMen Enterprises Inc. has been offering vendors shares in its company as payment for cannabis products amid a cash crunch in the industry. In an email reviewed by MarketWatch, MedMen MMEN, -4.84%MMNFF, -6.38% offered a supplier the full value of the amount owed in MedMen class B non-voting shares, a payment plan for the full value or […]
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Boeing Co.’s fourth-quarter earnings are shaping up to be “an absolute disaster” after the aerospace company pushed back its 737 Max return to service timeline to possibly midyear. That’s from analyst Robert Stallard at Vertical Research Partners, who on Wednesday downgraded Boeing BA, -1.94% stock to hold and lowered his price target on the stock to $294 from $388. Others on […]
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The corporate reporting rush is about to hit this week, giving investors an early indication of whether the U.S earnings recession continued in the final quarter of 2019. After results from some of the biggest banks in the past few days, the week ahead will feature earnings from 42 members of the S&P 500 index SPX, -0.23% and six Dow Jones […]
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Leaving your flight booking until the last minute can take a big chunk out of your wallet. Airlines don’t like it, either. Now, the world’s biggest plane maker has come up with a solution. AirbusAIR, +0.69% , the European aerospace and defense company that competes against U.S.-based BoeingBA, -2.36% , has launched the first-ever trading venue for derivatives designed to […]
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Gap Inc. stock rallied in the extended session Thursday after the retailer backtracked from its plan to spin off its Old Navy brand. Gap GPS, +3.85% shares rose as much as 9% in after-hours trading after ending the regular trading day up 3.9%. Mounting costs and a softer business performance made the split not worth it, Gap said. The company announced […]
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Lululemon Athletica Inc. bucked the weak trend in the retail sector reflected in the first pre-announcements from the holiday season, reporting strong sales and raising its guidance. The yoga-pants producer said it now expects revenue to range from $1.37 billion to $1.38 billion and earnings per share to range from $2.22 to $2.25. Lululemon’s LULU, -0.40% earlier guidance was for […]
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Aphria Inc.’s U.S.-listed shares slid 9% Tuesday, after the Canadian cannabis company posted weaker-than-expected revenue for its second quarter and revised down its guidance to reflect issues including a slower rollout of retail locations in Ontario. The companyAPHA, -4.40%APHA, -5.49%swung to a net loss of C$8.2 million ($6.3 million), or 3 cents a share, in the quarter to Nov. 30, […]
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Tesla Inc. is as big as peak Ford Motor Co., with the Silicon Valley electric-car maker stock poised to hit another record on Tuesday. Tesla TSLA, +2.83% shares traded as high as $462.06, up more than 1% from Monday’s record close, the latest in a series of ever-climbing notches that stretch back to mid-December. Tesla’s market capitalization has zoomed above $82 […]
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“The electric growth of the new technology would ensure that by 2022, the number of shipped 5G smartphones will be over 750 million, and 5G connections should beat 1 billion by 2023, two years faster than 4G hit that number,” Qualcomm President Cristiano Amon said. The scepticism about faster adoption of 5G technology across the globe has been put to […]
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