Upset Oracle Corp. employees are calling on Larry Ellison to cancel an upcoming fundraiser he’s hosting for President Donald Trump. “We are disappointed that Oracle founder and CTO Larry Ellison’s support of Donald Trump does not affirm Oracle’s core values of diversity, inclusiveness, and ethical business conduct,” a group calling itself “Oracle Employees for Ethics” […]
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Canopy Growth extends gains, but analyst highlights issue that was overlooked in earnings
Canopy Growth Corp.’s U.S.-listed shares rose Monday, extending gains made Friday after the Canadian cannabis company surprised investors with better-than-expected earnings. The stock CGC, +1.07%WEED, -0.70% was up 1.6% and was outperforming rivals after the company beat revenue estimates in its fiscal third quarter. The Friday report sparked a rally across the sector that had lost […]
What Apple, Walmart and other U.S. companies are saying about the coronavirus outbreak
COVID-19, the disease caused by the new coronavirus that was first identified late last year in Wuhan, China, is becoming a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their financials. A FactSet search of the 364 earnings call that […]
Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street
Apple Inc. realized Wall Street’s worst fears with a Presidents Day holiday warning on Monday that it won’t be able to meet second-quarter financial guidance due to the coronavirus in China. “Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” Apple AAPL, […]
Bankrupt Dean Foods deals assets to dairy-farming cooperative
The biggest U.S. dairy farming cooperative struck a $425 million deal to buy dozens of plants from bankrupt milk processor Dean Foods Co., in a deal executives said would preserve jobs and markets for farmers’ milk. The deal, which was proposed by Dairy Farmers of America, requires approval of the bankruptcy court and the U.S. […]
Game over for HQ Trivia, the once-viral app sensation
After a boom-and-bust three-year run, HQ Trivia now appears to be little more than fodder for a future trivia question. The game-show app, which at its peak in early 2018 had more than 2 million daily users, officially shut down Friday. CNN Business obtained an email from CEO Rus Yusupov telling employees that “lead investors […]
Canopy’s stock roars higher after better-than-expected earnings, sparks broad rally in cannabis sector
Canopy Growth stock roared higher Friday and sparked a broad rally among cannabis stocks, after a better-than-expected earnings report bolstered sentiment on the beaten-down sector. The report is a “beacon of hope” for the sector, said MKM analyst Bill Kirk. Canopy shares CGC, +13.37%WEED, +15.84% rocketed 18% in morning trading, putting them on track for their […]