Olivia Alexander, founder and CEO of Kush Queen, poses for a portrait by racks of bath bombs made with pure CBD at her headquarters on Sept. 24, 2019, in Anaheim. (Dania Maxwell/Los Angeles Times) For a long time, Olivia Alexander defended MedMen. Despite the pushback she got for partnering with the cannabis chain that some […]
Due to the torrent of rain and flash floods in Miami Beach this week, Tremont Towing and Beach Towing are offering free services to remove stalled vehicles from floodwaters through Thursday, June 13. Vehicles will be towed to the closest safe location. Note that free towing is only to the nearest safe spot, not to […]
German and other European arms companies should establish branches in Ukraine to a greater extent, Vice Chancellor Robert Habeck said on Thursday during a German-Ukrainian arms industry event. The governments should now ascertain what is needed in the form of guarantees and financial support to encourage a trend that is already under way, Habeck, who […]
Stock splits generate a lot of buzz in the investing world, especially among the amateur crowd. You probably already know that a split doesn’t affect the company’s underlying value — if you have one share worth $100 and the company executes a 10-for-1 split, you would have 10 shares worth $10 each for the same […]
WASHINGTON (AP) — Health and law enforcement officials are set to face congressional questioning over the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished amid haphazard enforcement by regulators. Members of the Senate Judiciary Committee will hear from top officials at the Food and Drug Administration and Justice Department […]
The S&P 500 (SNPINDEX: ^GSPC) is commonly regarded as the best benchmark for the overall U.S. stock market. The index tracks 500 large American companies that cover 80% of domestic equities by market capitalization. To be considered for inclusion, a company must be worth at least $18 billion, it must be profitable, and the stock […]
The transport service provider Uber is opening its app to all taxi companies throughout Germany, whereas until now, it was only possible to book journeys with Uber in 16 German cities. Taxi drivers and car-hire companies will now be able to use Uber nationwide. This would allow companies to tap into additional sources of revenue […]
“We’ve seen time and again that when new technologies come along, they can create buzz from investors as well as false claims by those purporting to use those new technologies.” Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), made this comment in announcing settlements against two investment firms over charges that they […]
Elon Musk has said he could ban Apple devices from his companies over the tech giant’s deal to integrate ChatGPT into the iPhone, iPad and Mac. The Tesla boss said the decision was an “unacceptable security violation” and accused Apple of handing over user data to OpenAI, the firm behind the chatbot. As part of […]
Elon Musk slammed Apple’s new OpenAI partnership, threatening to ban Apple devices at his companies. He said visitors will have to check their Apple devices and they will be stored in a Faraday cage. Apple assures privacy protections, while Musk claims Apple can’t ensure user security if integrating OpenAI’s technology. Elon Musk is beefing with Apple […]
June is a popular month for stock splits. Two recent high-profile ones were Amazon and Shopify, both in June 2022. The two newest June stock splits are Nvidia, which split its stock 10-for-1 last week, and Chipotle Mexican Grill, which is set to split on June 26 at 50-for-1. When a company splits its stock, […]
NEW YORK (AP) — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. An Associated Press analysis found their numbers have […]