Market News
Thailand legalizes medical use of cannabis, opens up a new region for pot stocks
After Uruguay and Canada, Thailand has now amended its drug law to legalize marijuana for medical purposes. However, unlike the…
Bed Bath and Beyond stock sinks to 5-year low
Bed Bath and Beyond (BBBY) stock plunged to a new five-year low of $10.46 on Monday as investors were concerned…
A tough task awaits Campbell Soup’s new CEO Mark Clouse
There is a pressing need for the food industry to innovate and adapt to the changing customer tastes. The current…
Mindbody agreed to be bought by Vista Equity
Mindbody (MB) agreed to be acquired by San Francisco-based private equity firm Vista Equity Partners in a definitive agreement signed…
Tesla to pay tax credit amount to customers if it fails to deliver the ordered cars
Elon Musk tweeted on Saturday that Tesla (TSLA) will deliver all mid range Model 3 cars by December end although…
Nike will sell cheaper self-lacing shoes next year
Nike (NKE) will launch its second-generation hi-tech self-lacing sneakers in 2019 at a cheaper price tag of $350. This was…
Middle East budget carrier flyadeal to switch to Boeing 737 MAX jets
Aircraft maker Boeing (BA) announced that Middle East carrier flyadeal looks to order 50 aircraft. According to a statement, the airline…
Tencent and Netease pops up as China reinstates gaming approvals
Tencent Holdings, the Chinese Internet and gaming conglomerate, and its peer NetEase (Nasdaq: NTES) jumped on Friday following Chinese government’s…
Facebook stock falls on cryptocurrency plans, rating downgrade
Coinciding with the reports that Facebook (FB) is developing a cryptocurrency, brokerages on Friday downgraded the social media giant, sending…
Ford is recalling over 870,000 pickup trucks
Concerned over fire risks at its engine block heaters, Ford (F) on Friday recalled about 874,000 pickup trucks sold in…