Results for: Business

HYTN Innovations Inc., a pharmaceutical company specializing in cannabinoids and psilocybin products, has partnered with 4C LABS, a UK-based importer and distributor of cannabis-based pharmaceuticals, to expand cannabis production and distribution in the UK and other global markets. This strategic alliance combines HYTN’s GMP-certified manufacturing capabilities with 4C LABS’s expertise in cannabis procurement and consumer demand, paving the way for the production and distribution of high-quality cannabis products across international markets.

JD.com, struggling with its core e-commerce business, is looking to expand its financial services by acquiring Home Credit Consumer Finance, a struggling Chinese consumer finance company. While the acquisition could provide JD.com with a consumer lending arm and enhance its e-commerce ecosystem, it also presents significant risks, including managing loan defaults in a challenging economic environment. This article analyzes the potential benefits and risks of the deal and its implications for JD.com’s future.

IM Cannabis Corp., a leading medical cannabis company operating in Israel and Germany, has appointed Shmulik Arbel to its board of directors. Arbel brings extensive experience in strategic planning, finance, and corporate governance, further solidifying the company’s commitment to growth and sustainable profitability.

Allison Transmission and Cummins Inc. have teamed up to integrate and certify a Cummins B-Series engine with Allison’s eGen Flex electric hybrid propulsion system, specifically for the transit market. This collaboration aims to meet EPA’s stringent emissions standards for heavy-duty vehicles and provide a reliable, low-emission solution for transit agencies starting in 2027.

This article provides an overview of analyst ratings for three high-yielding stocks in the materials sector: Chemours (CC), Dow (DOW), and Tronox (TROX). It includes recent news updates and insights from top analysts, helping investors make informed decisions.

Designer Brands Inc. (DBI) shares tumbled on Wednesday after the company reported disappointing second-quarter earnings, missing both earnings and revenue estimates. The company cited challenges in dress and seasonal categories, leading to a lowered outlook for the fiscal year.

CNBC’s ‘Halftime Report Final Trades’ featured several compelling stock picks from financial experts. Joshua Brown of Ritholtz Wealth Management highlighted 3M, while Kevin Simpson of Capital Wealth Planning favored Visa. Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC suggested Medtronic, and Liz Young of SoFi recommended the Invesco S&P 500 High Dividend Low Volatility ETF. The segment also included price action updates and recent analyst ratings for these companies.

Bitcoin and Ethereum spot ETFs witnessed significant inflows on September 10th, with Bitcoin ETFs attracting $117 million and Ethereum ETFs $11.437 million. This surge coincides with the cryptocurrency market’s reaction to recent political developments and evolving economic indicators. The inflows suggest a potential shift in investor sentiment towards cryptocurrencies.

Samsung Electronics, the world’s leading manufacturer of smartphones, TVs, and memory chips, is reportedly planning to cut its overseas workforce by up to 30% in some divisions. The job reductions, expected to be completed by year’s end, are part of a cost-cutting strategy to navigate slowing global demand for tech products and increase profitability.

AT&T’s stock is trading lower before the market opens today. CEO John Stankey expressed optimism about the company’s performance, highlighting stable wireless trends and exceeding fiber penetration expectations. While a work stoppage is affecting some fiber installations, it’s not anticipated to significantly impact financial results in the third quarter. AT&T remains committed to its 5G and fiber initiatives and expects strong financial performance in the coming years.