Congress has voted to pass an $867 billion farm bill, which will in part lift restrictions on hemp, a market that could become a $20 billion industry. Yahoo Finance’s Alexis Christoforous speaks to SOL Global Investments CEO Brady Cobb.
According to Reuters, Apple announced it would spend $1 billion to build a second campus in Austin, Texas. The new campus will house up to 15,000 workers as part of a push to create more domestic jobs. The iPhone maker also plans to open additional sites in Seattle, San Diego and Culver City, California. More than 1,000 employees are expected to be hired in each location. There are also plans to expand operations in Pittsburgh, New York and Boulder, Colorado, over the next three years.
Shares around in the world traded in narrow ranges Thursday after a solid couple of days largely related with hopes that the U.S. and China are ironing out their trade issues
General Electric just announced a $1.2 billion dollar plan, to spin off its "internet of things" business. Yahoo Finance’s Alexis Christoforous and Emily McCormick break down the details.
According to Business Insider, French automaker Renault announced that Carlos Ghosn will remain CEO for the time being. The announcement comes after Ghosn was indicted and arrested in Japan on accusations of spending company money for personal use and underreporting his income from Nissan, a partner company where he also served as chairman and CEO. The 64-year-old executive is the architect of a triple-alliance between Nissan, Renault and Mitsubishi. In a press release, Renault's board of directors said that a full review of Ghosn's compensation from 2015 to 2018 was "in compliance with applicable law," but the board said its lawyers would continue their review "in liaison with Nissan's lawyers" and provide another update "promptly."
Christmas tree farmers worry they are slowly losing ground to the artificial tree, so they're taking to social media this holiday season to convince Americans to go natural
The European Central Bank officially ended on Thursday its lavish post-crisis asset purchase scheme but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil. David Pollard reports.
According to Reuters, U.S. stocks rose for a second day on Thursday, led by technology stocks, as sentiment was boosted by signs of progress between the United States and China over their bitter trade dispute. Dow components - Apple Inc (AAPL.O), Cisco Systems Inc (CSCO.O), Microsoft Corp (MSFT.O) - gained between 0.5 percent and 0.8 percent, with the S&P technology sector .SPLRCT 0.42 percent higher. The S&P 500 .SPX enjoyed its best one-day percentage gain in 10 days on Wednesday following U.S. President Donald Trump's upbeat comments on trade talks and Beijing's first major purchase of U.S. soybeans in months.