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Recreational Pot Sales in Bellwether States Tumble After a COVID-19 Buying Peak
A brief surge in recreational marijuana sales seems to be falling off sharply. Data compiled by consultancy firm Headset and reported by Marijuana Business Daily indicates that sales in the category
Why AMC Entertainment Stock Plunged 50% in March
Like much of the consumer discretionary sector, shares of AMC Entertainment (NYSE: AMC) fell off a cliff last month as the coronavirus spread across the country, forcing the closure of movie
3 Luxury Retail Stocks Got Crushed by Today's News
Shares of high-end retailers Nordstrom (NYSE: JWN), Tapestry (NYSE: TPR), and Williams-Sonoma (NYSE: WSM) fell sharply along with many other stocks on April 1. A strong rally over the past week came
Interactive Brokers' Trading Volume More Than Doubles Year Over Year
In times of economic uncertainty, securities brokers often see a spike in their business as anxious investors ramp up their trading activity. This seems to be the case with Interactive Brokers Group
Report: AMC Entertainment Creditors Hire Restructuring Lawyers
Could we be witnessing the beginning of the end for the world's largest movie theater chain operator? Perhaps so. Apparently, creditors of the beleaguered and debt-ridden AMC Entertainment Holdings
Canopy Growth Names 2 New Board Members
Canopy Growth (NYSE: CGC) has a pair of new faces in its boardroom. On Wednesday, the company said it appointed two new directors to its board, Terry Yanofsky and David Lazzarato. The appointments
Why 3D Printing Stocks Sank Today
Yowza. That was not fun.
On Tuesday, President Trump warned Americans to expect a "very, very painful" two weeks ahead as the COVID-19 pandemic enters its most damaging phase, and Americans buckle
Shake Shack Launches At-Home Shackburger Kits for DIY Cooking
It has been approximately two weeks since Shake Shack (NYSE: SHAK) shut down dine-in and went to a take-out and delivery only model, but now it has a fresh approach for those hankering for its
Vail Resorts Pauses Its Dividend and Announces Widespread Furloughs
Vail Resorts (NYSE: MTN) has already seen a major impact from COVID-19 and the related downturns in travel and vacation spending. Yet the company is bracing for even more of a financial hit.
The ski
Why Alphabet, Snap, and Splunk All Went Kerplunk Today
President Trump warned Americans to expect a "very, very painful" two weeks ahead as the COVID-19 pandemic runs rampant across the country, and potentially hits its apex for numbers of patients
Carnival Boosts Its Bond Offering After a Red-Hot Investor Response
Seeking to raise billions by issuing new stock and securing fresh debt, Carnival (NYSE: CCL) landed some big investors by baiting the hook on its bond offering with a 12.5% coupon rate, according to
Comcast, Lowe's, and Expedia: 3 Stocks That Got Torpedoed by Analysts Today
Wednesday just gets redder and redder. As of 3:20 p.m. EDT, the Dow Jones Industrial Average is down 4.4%, the Nasdaq 4.5%, and the S&P 500 index worst of all -- off 4.6%.
Among the stocks getting
HSBC Cancels Remaining 2020 Dividends
Shares of sprawling international bank HSBC Holdings (NYSE: HSBC) tumbled on Wednesday, following the company's announcement that it is suspending its dividend.
The move follows a request
Toyota's North America March Sales Plummet by More Than 30% Due to Coronavirus
Toyota (NYSE: TM) released its monthly North American sales figures for March on Wednesday, and they weren't pretty. The company sold just 135,730 vehicles during the month, a year-over-year decline
Why Real Estate Stocks Plunged Today
Many housing-related stocks plummeted on Wednesday, following the release of mortgage application figures that were sharply lower than the prior-year period.
Shares of Zillow (NASDAQ: Z) (NASDAQ:
Rubicon Project and Telaria Combine, Forming the Largest Independent Sell-Side Ad Tech Company
Starting today, global advertising exchange Rubicon Project (NYSE: RUBI) and video-focused sell-side advertising platform Telaria (NYSE: TLRA) have officially become a single company, trading under
Why Shares of Chipotle, Shake Shack, and Texas Roadhouse Fell Today
Restaurant stocks including Chipotle Mexican Grill (NYSE: CMG), Shake Shack (NYSE: SHAK), and Texas Roadhouse (NASDAQ: TXRH) all tumbled today as industry stocks were battered along with the broader
Trump to Meet with U.S. Oil CEOs to Discuss Aid for the Industry
President Trump will meet with the leaders of several large U.S. oil companies on Friday, according to a report by The Wall Street Journal. The newspaper's sources said that the meeting would
Why Retailers' Shares Got Clobbered Today
Shares of apparel-focused retailers were hit hard on Wednesday, as early sales numbers for March reinforced what many investors already knew: With most stores closed, April will be an exceptionally
Why Shares of Boeing Lost Nearly Half Their Value in March
Boeing (NYSE: BA) was already a bit of a mess heading into March, weighed down by the continued grounding of its 737 MAX aircraft. A dramatic decline in travel prompted by the COVID-19 coronavirus
It Rallied Late, but Roku Stock Was Still Down 23% in March
Shares of Roku (NASDAQ: ROKU) ended March down a disheartening 23%, according to data provided by S&P Global Market Intelligence. However, as bad as the month was, at one point the stock was down
Stock Market Wrap-Up: Here's How Badly the Coronavirus Hit This Key Industry
The stock market didn't celebrate the first day of the second quarter any more than it did the end of the first quarter, with investors once again expressing their worry about the impacts of the
Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Plunged on Wednesday
A day after what seemed like a big recovery, cruise line stocks continued their skid on Wednesday. Shares of Carnival (NYSE: CCL) closed down 33.1%, Royal Caribbean Cruises (NYSE: RCL) ended the day
Dollar Tree Looking to Hire 25,000 as Supply Chains Come Under Pressure
Dollar Tree (NASDAQ: DLTR) has joined the long list of retail stores that are experiencing tremendous demand over the last month amid the COVID-19 outbreak.
On Wednesday, CEO Gary Philbin told CNBC
Why HP Stock Plunged Today
Shares of HP (NYSE: HPQ) have plunged today, closing down 14%, after smaller rival Xerox (NYSE: XRX) abandoned its hostile takeover attempt. Yesterday evening, Xerox said it was formally withdrawing


