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Massachusetts on Wednesday adopted the country's toughest ban on the sale of flavored tobacco and vaping products, including menthol cigarettes, in response to a rise in youth vaping and an outbreak of vaping-related serious lung injuries. Governor Charlie Baker, a Republican, signed into law legislation passed by the state's Democrat-controlled legislature earlier this month that also places a 75% excise tax on e-cigarettes. Several other states have recently adopted emergency bans on the sale of flavored vaping products amid a nationwide outbreak of lung injuries among e-cigarette users and concerns about the growing popularity of the products among high school and middle school students....
According to The Wall Street Journal, federal prosecutors are investigating whether pharmaceutical companies knowingly allowed opioid painkillers to takeover communities. Yahoo Finance’s Heidi Chung, Kristin Myers and Scott Gamm discuss the ongoing investigation of drug companies on YFi AM....
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical......
(Bloomberg) -- The U.S. stock market’s record-setting rally will lose some steam in 2020, with the risk of a pullback increasing in the next few months, according to RBC Capital Markets.Lori Calvasina, the firm’s head of U.S. equity strategy, predicted that the S&P 500 will finish next year at 3,350, a gain of roughly 7% from Tuesday’s close, while profits will grow 6% to $174 a share. With valuations expanding and fund managers turning “euphoric,” investors should watch out for a market retreat that’s bound to occur by the end of March, she warned.“We expect 2020 to be a year of moderation, turbulence, and transition in the U.S. equity market,” Calvasina wrote in a note to clients Wednesday. “Risk of a pullback near-term is quite high in our opinion. If a pullback doesn’t occur by the end of 2019, as we’ve anticipated, then we suspect it will come in 1Q20.”Calvasina is...
I read an article recently about Slack (NYSE:WORK) losing 11% of its market value on Nov. 19 due to news Microsoft (NASDAQ:MSFT) Teams was taking a commanding lead in the enterprise messaging solutions market. Source: The Art of Pics / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlthough the MSFT stock price barely moved on the news, it was a gentle reminder to those long Microsoft that a lot of good things are happening right now for the company. On a roll, Microsoft's growth looks to be accelerating, justifying a loftier valuation. * 7 Stocks to Buy in December In late October, I wrote a piece entitled "7 Reasons to Buy Microsoft Stock Now." One of the reasons was Microsoft Teams. I argued that the company had yet to make its collaboration software a priority. Yet the news that Microsoft has 20 million daily active users, 66% more...
Worthington Industries, Inc. (NYSE:WOR) shareholders should be happy to see the share price up 13% in the last......
Toronto-based cannabis company Flowr Corporation (TSX.V:FLWR) (OTC: FLWPF) reported third-quarter net revenue of CA$1.34 million ($1 million), a figure the company said was affected by activities including construction and production actions at its Kelowna 1 facility. The company reported a net loss of CA$14.98 million versus CA$5.63 million in the same quarter of 2018, and a loss per share of CA$0.13, a wider loss than the CA$0.08 per share reported one year ago. "Our third quarter revenues were short of expectations as we continued to manage construction and production activities as well as ramp up sales and marketing," CEO Vinay Tolia said in a statement....
