Markets
Canopy Growth co-CEO Bruce Linton to step down
John Bell, a director at Canopy Growth, has been appointed chairman. "Creating Canopy Growth began with an abandoned chocolate factory and a vision", Linton said in a release. In reporting the results, Linton said Canopy invested heavily during the quarter for longer-term growth, such as boosting its production capacity and preparing for the launch of edibles and other next-generation pot produc... [Full Article...]
Anheuser-Busch is planning the year’s biggest IPO
According to termsheets seen by Reuters , Budweiser Brewing Company APAC, which owns over 50 beer brands in the region, will be selling 1.6 billion primary shares at the price band of HK$40-$47 ($5.13-$6.02) apiece. The Budweiser brewer's upcoming initial public offering on the Hong Kong Stock Exchange could be the largest ever for a food or drink company. AB InBev is worth about $172 billi... [Full Article...]
PMI: India’s services sector feels heat of consumption slowdown, higher taxes
In fact, the PMI fell to 43.1, the lowest level since April 2009 when the United Kingdom was still reeling from the impact of the global financial crisis. "The overall picture is one of an economy that's not well placed to withstand any further political shocks, for example, blonde ones with a penchant for brinkmanship and heated rhetoric". [Full Article...]
Trump taps 2 nominees for Fed Board amid interest rate fight
Trump, who announced his picks on Twitter, has struggled to find candidates for the Fed who are acceptable to senators, who vote on confirming nominees. She holds a PhD in business administration from the University of Utah. Fed leaders argue the economy is healthy and does not need extra stimulus from ultra low interest rates, but Trump blames the Fed for any problems in the economy or markets. [Full Article...]
Amazon Prime Day 2019: Get the Best Deals
Prime Day deals are exclusive to Prime members , so make sure to sign up for only $12.99 a month, or start a 30-day free trial . Amazon Prime day 2019: Date, deals, and everything we knowWhat is Amazon Prime Day? The company is no dummy. [Full Article...]
Steel Bulls Drive Onshore Iron Ore Prices to New Highs
Yet another near six-year-old record for global iron ore prices on Tuesday with the price jumping to $US125.77 a tonne for the standard 62% Fe product delivered to northern China. According to the report, iron ore prices have been a major component of these shifted forecasts. "The seaborne iron ore market is thus likely to stay tight, and prices elevated, out to at least 2021", the report read . [Full Article...]
Tesla delivers record 95200 vehicles in second quarter
USA consumers raced to take advantage of a $3,750 federal tax credit before the incentive dropped to $1,875 as of July 1. Whether it's Elon Musk stirring up controversy online or Tesla vehicles being vandalized for seemingly no reason at all, it's easy to overlook how impressively the company has managed to boost production and deliveries on a year-over-year basis. [Full Article...]
Lee Iacocca, auto industry icon known for saving Chrysler, dead at 94
Iacocca was born in Allentown, Pennsylvania after his parents immigrated from Italy. His rise within Ford was meteoric and his 'cunning, ingenuity and swagger made him one of the most successful salesmen of his generation, ' The Washington Post said. [Full Article...]