Stocks erased earlier gains Tuesday as Wall Street digested a series of corporate earnings results and new economic data showing consumer confidence cratered in April amid the coronavirus pandemic....
There has been some talk about the impact the COVID-19 pandemic will have on the development of alternative-fueled trucks, specifically commercial battery-electric vehicles. The North American Council for Freight Efficiency weighs in with this Guest Voices commentary. ...
As the U.S. economy looks to reopen in multiple states, a lot of American cannabis stocks are still trading near multi-year lows despite limited store closures. The cannabis sector got a major seal of approval with most stores remaining open as states unanimously approved dispensaries as essential stores.The sector could get a further boost from the need for tax revenues as the whole U.S. tax revenues are down substantially during March and April with the economy shutdown. States from Arizona to Florida to New York could look towards approving recreational cannabis as a way to grab more tax revenues while the Federal government may finally move forward with some real regulations. The government could either approve cannabis or at least provide the companies with access to the banking system and tax relief.The negative ramifications for the cannabis sector are the tighter credit dynamics, but the large multi-state operators (MSOs) could benefit...
U.S. consumers have begun spotting rare Quilted Northern and Charmin toilet paper rolls on store shelves across the United States, as stocks start building after weeks of severe shortages. Empty shelves were still a problem at nearly half of American grocery stores as of mid-April, but supplies were markedly more plentiful than they had been during the prior week, according to the consumer products data tracker NCSolutions. About 48 percent of U.S. grocery stores were out of stock of toilet paper for some part of the day on April 19, the latest date for which figures were available....
