U.S. pot retailer MedMen says it’s trying to use stock to pay its bills amid cannabis industry’s cash crunch

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’s earnings could be ‘an absolute disaster,’ analyst says

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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Airbus plans derivatives exchange to temper ticket-price turbulence

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 stock jumps on news it will not spin off Old Navy

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 bucks the weak holiday sales trend and raises guidance

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 stock slides 9% to weigh on broader cannabis sector

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’s market cap is now bigger than Ford’s was at its peak

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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5G technology to get faster adoption than 4G: Qualcomm

“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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