The cannabis edibles market is exploding, with gummies taking the lead. Wyld, Incredibles, Wana, and Kiva-Camino are the top contenders, capturing a significant share of the market. Consumer loyalty is high, with 45% consistently purchasing the same brand. Word-of-mouth recommendations also play a vital role in driving consumer choices. This booming industry, estimated at $2.2 billion, is attracting numerous brands eager to capitalize on the growing demand for edibles.
Oil prices have fallen sharply as fears of slowing demand in China outweigh the risk of energy shortages due to a storm in the Persian Gulf. Investors are also expecting a decrease in oil consumption in Europe and the US following the summer driving season, further contributing to the price drop.
Otis Worldwide Corporation has acquired Jardine Schindler Lifts Limited (Taiwan), strengthening its market position in Taiwan. This acquisition expands Otis’ customer reach and operational capacity. The company plans to introduce its innovative products and services, including the Otis ONE platform and Gen3 elevators, to the new customer base. Otis also emphasizes organic growth through continuous innovation and significant R&D investments, aiming to maintain a strong market position with cutting-edge technology.
PainReform Ltd. (PRFX) saw its stock price drop significantly on Tuesday after the company announced a warrant exercise that generated $1.58 million. The move, while intended to bolster the company’s finances, raises questions about its financial stability and future prospects.
Lucid Group showcased its upcoming Gravity electric SUV and a new crossover EV at its Arizona factory. The Gravity SUV is set to feature a NACS charging connector, providing access to a vast network of charging stations. The company also unveiled its plans for a midsize crossover EV with a starting price under $50,000, scheduled for production in late 2026.
Apple’s iPhone 16 launch event sparked excitement, but the company faces a European tax ruling and analyst opinions are mixed. Will the new AI features and hardware push AAPL stock higher?
The FBI’s 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion loss for Americans due to cryptocurrency scams, highlighting the growing sophistication of cybercriminals. Investment fraud, particularly through social engineering, dominates the landscape, while labor trafficking connected to scams emerges as a concerning trend.
The global RFID chips market is poised for rapid growth, driven by rising demand for sustainable solutions and the integration of blockchain technology. With applications across industries like retail, healthcare, and logistics, RFID chips are enabling real-time data capture and analysis, leading to improved supply chain efficiency and product traceability.
Columbia Sportswear Company (COLM) is facing a challenging operating environment marked by slow consumer demand and cautious retailers. Despite this, the company is strategically positioned for growth and profitability through its multi-year Profit Improvement Program, innovative product development, and brand-building initiatives. However, investors should remain cautious and closely monitor COLM’s ability to overcome these challenges and achieve its cost-saving goals.
The S&P 500 index has had a weak start to September, marking the fifth-worst beginning in 25 years. Historical data suggests this trend may continue, with September typically being one of the worst-performing months for the index. Data shows that the last 20 days of September often compound early losses, with 2022 seeing a particularly sharp decline due to the Federal Reserve’s aggressive rate hikes.
