• Industrial and consumer stocks lead rebound in US indexes

    2 monthes ago - By Chron

    NEW YORK - U.S. stocks are rising Monday morning as major stock indexes rebound from the previous week's losses. Industrial and retail stocks are up while technology companies are little changed. CBS falling after it announced the departure of longtime CEO Les Moonves.
    Apple fell after saying a new round of bigger U.S. tariffs could push it to raise prices. Indexes in Asia mostly fell as investors fretted over the possibility of new and bigger U.S. tariffs on Chinese goods.
    KEEPING SCORE: The S&P 500 index gained 10 points, or 0.4 percent, to 2,882 as of 10 a.m. Eastern time. The Dow Jones...
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  • "It's a new industry that no one has really done what we have done": We talked to the activist investor going after a company in the fledgling marijuana sector

    "It's a new industry that no one has really done what we have done": We talked to the activist investor going after a company in the fledgling marijuana sector

    2 monthes ago - By Business Insider

    Corporate drama is coming to the cannabis industry.
    Riposte Capital, an occasional activist investor, said last week that marijuana company HEXO's stock is undervalued in a letter to management.
    Riposte's managing partner told Business Insider in an interview that these opportunities "rarely happen in someone's career."
    Activist investors are starting to set their sights on the booming cannabis industry.
    Riposte Capital, a long-short fund and occasional activist investor, is pressuring Canadian marijuana cultivator HEXO to sell itself or to consider an investment from a large beverage...
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