Shares in Curaleaf, one of America's largest cannabis companies, are surging on the announcement that the company is acquiring the leading West Coast cannabis oil manufacturer, Cura Partners, in an all-stock deal valued at about $950 million. Yahoo Finance's Zack Guzman, Alexis Keenan & Sibile Marcellus discuss with Curaleaf CEO Joseph Lusardi.
(Bloomberg) -- Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadHow to Get a Mee
(Reuters) -Caterpillar warned of a sales fall in the current quarter after reporting a small decline in first-quarter revenue on Thursday, sparking worries that a months-long boom in machinery demand may be coming to an end. Shares of the global economy bellwether fell 3.7% in premarket trading after the company reported weak construction equipment sales in all regions except North America, which gained from President Joe Biden's $1 trillion 2021 infrastructure law. Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
This growth ETF has nicely outperformed the S&P 500 since its inception.
Microsoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership.
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Bitcoin block subsidies were recently reduced by half for the fourth time in history, and halving events have always led to significant price appreciation.
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.