Tag: Business
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Drug stocks hit by Amazon health push, tech steadies Wall Street
byAmazon’s foray into the pharmacy space sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing. Amazon.com said it would buy online pharmacy PillPack, sending shares of drug distributors and retailers tumbling. Walgreens Boots Alliance, already under pressure after its third-quarter earnings report, tumbled 9.3 percent […]
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6 Simple Digital Marketing Strategies to Jumpstart Your Marijuana Business
byIf you’ve entered the marijuana arena in recent years, you understand how much of a priority digital marketing needs to be in your growth strategy. Whether you choose to pay for exposure through advertising or organically grow your social channels, here are some tips to get you on the right track. 1. Connect with influencers […]
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Wall Street gains as trade fears ease, oil prices jump
byU.S. stocks rose on Wednesday after the Trump administration eased its stance on curbing Chinese investments in American technologies and as oil prices surged. President Donald Trump said he will use a strengthened national security review panel — the Committee on Foreign Investment in the United States (CFIUS) — to deal with potential threats from […]
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Trump revs up attacks on Harley-Davidson over production move
byWASHINGTON/CHICAGO – U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes and said the iconic motorcycle maker would suffer from a public backlash if it goes ahead with a plan to move production for European customers overseas. Trump’s latest attack on a U.S. corporation is a sharp reverse for the president, who early in […]
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Trade worries weigh on Wall Street, tech stocks suffer
byWall Street’s main indexes dropped on Monday as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners. The U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” […]
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Business Brexit ‘threats’ are ‘inappropriate’ says Hunt
byHealth Secretary Jeremy Hunt has said that “threats” by business over Brexit are “completely inappropriate”. He was responding to warnings by Airbus and BMW that investments in the UK could be jeopardised by Brexit uncertainty. Speaking on The Andrew Marr Show, Mr Hunt said Brexit discussions were at “critical moment” and needed unity. He also […]
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Saudi pledges ‘measurable’ oil supply boost as OPEC, Russia agree deal
byVIENNA – OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. The Organization of the Petroleum Exporting Countries had announced an OPEC-only production agreement on Friday, also without clear output targets. Benchmark Brent oil rose by […]
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Trump threatens 20 percent U.S. tariff on EU car imports
byWASHINGTON – President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars, a month after the administration launched an investigation into whether auto imports pose a national security threat. “If these Tariffs and Barriers are not soon broken […]
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Wall Street lower as drops in Amazon, Intel add to trade worries
byU.S. stocks fell on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax. Amazon dropped as much as 1.9 percent, before paring losses to trade down 0.3 percent. Wayfair, Overstock.com, […]
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Disney hikes bid for Fox assets to $71.3 billion, tops Comcast
byWalt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer. The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert Murdoch, who owns 17 percent […]
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