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Philip Morris Has No Plans for Cannabis, CEO Says

Philip Morris Has No Plans for Cannabis, CEO Says

Andre Calantzopoulos, chief executive officer of Philip Morris International Inc., discusses the company's commitment to replace cigarettes with alternative products. He speaks with Bloomberg's Vonnie ...

  • Bank of America Earnings: Better Margins, Strong Asset Quality, and an All-Around Good Quarter
    Business
    Motley Fool

    Bank of America Earnings: Better Margins, Strong Asset Quality, and an All-Around Good Quarter

    Bank of America (NYSE: BAC) is the last of the "big four" U.S. banks to report its third-quarter earnings. Not only did Bank of America beat expectations on both the top and bottom lines, but the business looks pretty solid all around. First, looking at the top and bottom lines, Bank of America did quite well in the third quarter.

  • Southwest balks at American's new idea for Cuba routes
    Business
    American City Business Journals

    Southwest balks at American's new idea for Cuba routes

    Southwest ripped American's proposed rule change that would alter how U.S. airlines handle their routes to Cuba, calling the idea "unprecedented" in an Oct. 10 regulatory filing. Only 20 daily routes to Havana were allocated to U.S. airlines. Both American Airlines Group, Inc. (NASDAQ: AAL) and Southwest Airlines Co. (NYSE: LUV) were granted routes.

  • Sears bankruptcy could make these 5 big companies multi-million-dollar losers
    Finance
    Yahoo Finance

    Sears bankruptcy could make these 5 big companies multi-million-dollar losers

    Signs advertising store closing sales are seen on the doors of a Sears in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton Being an unsecured creditor of Sears (SHLD) right now is not a good place to be. The 125-year old former

  • Ark Invest CEO: Tesla 'is a replay of Apple'
    Finance
    Yahoo Finance

    Ark Invest CEO: Tesla 'is a replay of Apple'

    Tesla (TSLA) and Apple (APPL) have at least one thing in common – and it’s a big factor leading one analyst to project a price target of $4,000 for the electric vehicle manufacturer. It comes down to the chips, ARK Invest CEO and CIO Cathie Wood said in an interview with Yahoo Finance on Friday. Tesla CEO Elon Musk confirmed in August that the company would be making its own computer chips for automated driving, pivoting away from hardware produced by chipmaker Nvidia (NVDA).

  • Harris, L3 merging to form $34M defense giant
    Business
    Yahoo Finance Video

    Harris, L3 merging to form $34M defense giant

    Harris Corporation and L3 Technologies are joining together in a ‘merger of equals’ to create a $34M defense giant. Yahoo Finance’s Alexis Christoforous, Brian Cheung, Ethan Wolff-Mann and Melody Hahm dig into what it means for the defense industry.

  • JP Morgan and Ford cancel plans for Saudi investor event
    Business
    Reuters

    JP Morgan and Ford cancel plans for Saudi investor event

    The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc , Mastercard Inc and Bank of America Corp to reconsider their plans to attend the investor event. Neither JP Morgan nor Ford would elaborate on the reasons for the decision not to attend the Future Investment Initiative conference in Riyadh later this month, and did not comment on whether concerns about the disappearance of Khashoggi were a factor.

  • Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group
    Business
    Motley Fool

    Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group

    One is market cap: Aurora's market cap is nearly 18 times bigger than Auxly's. Then there's stock performance. Here's how Aurora Cannabis and Auxly Cannabis Group stack up against each other in the areas that do matter.

  • This Is the Average American's Salary. How Does Yours Compare?
    Business
    Motley Fool

    This Is the Average American's Salary. How Does Yours Compare?

    In an age of oversharing, many of us are remarkably tight-lipped when it comes to talking salary. But in reality, knowing where you stand can help you determine whether you're in a good place or whether you should be taking steps to boost your earnings

  • Why the Earnings Surprise Streak Could Continue for Home Depot (HD)
    Business
    Zacks

    Why the Earnings Surprise Streak Could Continue for Home Depot (HD)

    Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Home Depot (HD), which belongs to the Zacks Building Products - Retail industry, could be a great candidate to consider. When looking at the last two reports, this home-improvement retailer has recorded a strong streak of surpassing earnings estimates.

  • Here’s How Prince Harry and Meghan Markle’s Baby Will Change the Line Of Succession
    News
    Time

    Here’s How Prince Harry and Meghan Markle’s Baby Will Change the Line Of Succession

    Prince Harry and Meghan Markle are expecting a baby in spring 2019, Kensington Palace announced Monday morning. Harry and Meghan married in May, becoming the Duke and Duchess of Sussex. Now, the question is where the new arrival will fit into the line of succession of the British royal family.

  • Finance
    Bloomberg

    Tesla Skeptic Surprised by How Much He Enjoyed the Model 3

    In a broader note about positive electric-car momentum, Jonas said he observed workers at Tesla’s lone auto plant in Fremont, California, who were “extremely busy cranking out Model 3s” for delivery in the U.S. He also drove the dual-motor performance version of the vehicle, which he sees as having better value-for-performance than the Model S sedan. “Frankly, our enjoyment of the high-spec version of the Model 3 took us by surprise,” Jonas said, adding that it’s “hard to say how much this matters.

  • NVIDIA Soars in AI Market With New Platform & Partnerships
    Finance
    Zacks

    NVIDIA Soars in AI Market With New Platform & Partnerships

    NVIDIA Corporation’s NVDA efforts in artificial intelligence (AI) and machine learning in various fields are gathering momentum, thanks to its initiatives and adoption of its technologies by key companies.The past week has been quite eventful for NVIDIA

  • Better Buy: International Business Machines Corporation vs. McDonald's
    Business
    Motley Fool

    Better Buy: International Business Machines Corporation vs. McDonald's

    At first glance it may seem odd to compare International Business Machines (NYSE: IBM) and McDonald's (NYSE: MCD), as one company is a legacy tech giant and the other is the world's largest fast-food chain. McDonald's dates back to 1940, while IBM was founded in 1911. The two stocks also check many of the same boxes for investors, as they are both reliable dividend payers -- though only McDonald's is a Dividend Aristocrat, meaning it's raised its dividend every year for 25 years in a row.

  • Ford Escape sales are down — here’s how it compares with other small SUVs
    Business
    American City Business Journals

    Ford Escape sales are down — here’s how it compares with other small SUVs

    Sales of the Ford Escape aren't what they used to be. The Escape, made at the Louisville Assembly Plant, saw sales decline by 20 percent in September 2018, compared with the same month last year. Ford and its Lincoln Motor Co. subsidiary have been successful in increasing sales of larger SUVs, such as the Navigator and Expedition this year.

  • 2 Pharmaceutical Stocks to Buy With Dividends of 3% or Better
    Business
    Motley Fool

    2 Pharmaceutical Stocks to Buy With Dividends of 3% or Better

    During a tough week for the overall market, pharmaceutical stocks across the board fell a few notches despite a lack of significant news for the industry itself. Over the past five years, Pfizer has been able to raise its dividend 42% despite declining sales for aging blockbusters that lost patent protection and a sterile injectibles business that suffered major product shortages after it was acquired. Now that the worst is over, a strong product lineup and bulging pipeline could allow America's largest pharmaceutical company to direct a ton of cash toward its shareholders.

  • Microsoft Earnings: Mark Your Calendar
    Business
    Motley Fool

    Microsoft Earnings: Mark Your Calendar

    Software giant Microsoft (NASDAQ: MSFT) has continued to impress investors in 2018 amid its ongoing progress becoming a more cloud-centric company. Microsoft reports its first-quarter earnings for fiscal 2019 on October 24. Ahead of Microsoft's earnings release, here's an overview of some of the key areas investors will want to watch. Core to Microsoft's momentum recently is the company's rapidly growing commercial-cloud revenue.

  • Better Marijuana Stock: Canopy Growth Corporation vs. Aphria Inc.
    Business
    Motley Fool

    Better Marijuana Stock: Canopy Growth Corporation vs. Aphria Inc.

    Recreational marijuana sales begin on Oct. 17 in Canada, and investors convinced the program will be a hit have pushed shares of Canopy Growth Corporation (NYSE: CGC) and Aphria Inc. (NASDAQOTH: APHQF) up by 60% or better over the past few months. In just two short years, Canopy Growth Corporation's market cap has exploded from just $476 million two years ago to $10.1 billion at recent prices, and it looks like there could be more fireworks ahead. Canopy Growth has secured contracts that will require it to provide at least 67,000 kilograms of cannabis annually to Canadian provinces and territories.

  • Tesla Model 3 hits major milestone
    TSLA
    Fox Business Videos

    Tesla Model 3 hits major milestone

    FBN's Cheryl Casone on Tesla reaching a milestone of 100,000 Model 3 vehicles and Tesla CEO Elon Musk filing the paperwork to create a Tesla brand tequila called 'Teslaquila.'

  • Business
    Benzinga

    Bulls & Bears Of The Week: GE, Netflix, Nike, Twitter And More

    Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included an old-school conglomerate and a social media pair. Bearish calls included an electric car maker and a pharmaceutical firm. Another major hurricane

  • Business
    Benzinga

    Insider Buys Of The Week: Conagra, Salesforce, Thor

    Conventional wisdom says insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. While the board chair and other Salesforce.com, inc. (NYSE: CRM) executives have been selling throughout October, one director stepped up to the buy window this past week. The stock ended Friday at $146.74, down more than 4 percent for the week, and above the director's purchase price range.

  • Why I’m Not Worried About Being Behind on Retirement Savings
    Business
    GoBankingRates

    Why I’m Not Worried About Being Behind on Retirement Savings

    This is why I find it funny that we spend most of our lives “retirement planning” or planning for our deaths. Don’t get me wrong, I’m not shouting in the face of retirement planning or being prepared. Although I’ve gotten my life back on track since then, I’m still not worried about being behind on retirement savings, the magical “$1 million saved” for retirement number or all the “what ifs.” Why?

  • Will Procter & Gamble Start Its New Fiscal Year on the Right Foot?
    Business
    Motley Fool

    Will Procter & Gamble Start Its New Fiscal Year on the Right Foot?

    Procter & Gamble (NYSE: PG) is less than a week away from its first earnings report of a new fiscal year, and shareholders are hoping for better results than what it delivered the previous two quarters, which were marked by sluggish sales growth that missed management's targets. P&G has been working to end a stubborn period of modest market share losses for several of its core franchises. Organic sales growth, which measures core revenue growth by factoring out exchange rate shifts and brand acquisitions, slowed to a 1% rate over the prior 12 months from 2% in fiscal 2017.

  • Will PayPal Continue Its Winning Streak When It Reports Earnings This Week?
    Business
    Motley Fool

    Will PayPal Continue Its Winning Streak When It Reports Earnings This Week?

    Since it began its second turn as a public company, PayPal (NASDAQ: PYPL) has had a remarkable run, nearly tripling the gains of the S&P 500. Investors will be looking for insight into what lies ahead for PayPal when the company reports the results of its third quarter after the market close on Thursday, Oct. 18. For the second quarter, PayPal reported revenue of $3.86 billion, up 23% year over year and topping the high end of its guidance as well as analysts' consensus estimates.

  • Intel on Track to Report Record Earnings in Fiscal 2018
    Business
    Market Realist

    Intel on Track to Report Record Earnings in Fiscal 2018

    The world is moving toward the data economy, and Intel (INTC) is at the center of this trend. Intel is investing in the four fast-growing markets of 5G, AI, IoT, and autonomous vehicles. Intel has partnered with several Chinese companies.

  • Bank of America Limits Risk But Also Its Reward
    Business
    Bloomberg

    Bank of America Limits Risk But Also Its Reward

    Bank of America’s anticipated losses from bad loans fell 14 percent from the same period a year ago to $716 million. Overall, revenue Bank of America’s consumer lending business grew 7 percent. Critics have pointed out that the trade-off is in investment banking, where Bank of America has been cautious.