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Pot Stock Rally Burns Short Sellers for $105 Million

Jennifer DuBois -
(Bloomberg) -- A surge in shares of cannabis companies has saddled short sellers with more than $105 million in losses this year, but...
Business

The Dark Economics of Russell Brand

Jennifer DuBois -
There was a brief, strange moment in 2015 when Russell Brand mattered in mainstream British politics. With an election looming, the opposition Labour...
Business

In EV battle, Toyota bets on new technology and old-school thinking

Jennifer DuBois -
By David DolanTOYOTA CITY, Japan (Reuters) - At factories in Japan's industrial heartland, Toyota has turned to self-propelled assembly lines, massive die casting...
Business

Goldman Sachs Cuts Tesla Profit Estimates As Elon Musk Calls Saudi Factory Reports ‘Utterly False’

Jennifer DuBois -
Tesla (TSLA) stock fell Monday as Goldman Sachs lowered its 2023 and 2024 profit outlook for the global EV giant. Lower average selling...
Business

Sub-50 Cent Price on Treasury Bond Underscores Investor Pain

Jennifer DuBois -
(Bloomberg) -- Fifty cents on the dollar is a very low price in the world of bonds. In most cases, it signals that...
Business

Oil at $90 a barrel looks ‘unsustainable,’ says Citi analyst

Jennifer DuBois -
Oil prices may head toward $100 "for a short while" amid output cuts and geopolitical tensions, but they'll likely retreat by year-end, says...
Business

Moderna, Pfizer Stocks Fall With Weak Expected Covid Vaccine Demand

Jennifer DuBois -
Shares of vaccine makers moved lower Monday after Pfizer's finance chief predicted weaker demand for Covid shots this year.Pfizer CFO David Denton said...
Business

Analysts Like These 2 High-Yield Energy Stocks That Pay Up To 9.1%

Jennifer DuBois -
Oil prices have been surging lately, and many energy stocks are back in the spotlight.But volatility can act as a double-edged sword, presenting...
Business

Apple Stock Rises On Reports Of Strong iPhone 15 Pro Demand

Jennifer DuBois -
Apple (AAPL) stock advanced on Monday amid reports that demand is strong for the high-end models of the company's iPhone 15 handsets. X Preorders for...
Business

US homebuyers are waiting for the Fed to start cutting interest rates. Here’s when 9 experts say it’s going to happen.

Jennifer DuBois -
High mortgage rates make it difficult for prospective homebuyers to enter the market.Mortgage rates could decline if the Federal Reserve cuts interest rates...
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