U.S. stocks are moving solidly higher as investors largely brush off the Trump administration's decision to impose tariffs on an additional $200 billion of Chinese goods
China and the United States plunged deeper into a trade war after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. levies. Caroline Woods reports.
According to Business Insider, CNN's Anderson Cooper rips into Donald Trump Jr. for 'tweeting lies' about Hurricane Florence coverage Trump Jr. on Sunday tweeted an image of Cooper in waist-deep water with a caption that implied the CNN host misrepresented the impact of the storm to make President Donald Trump look bad. Cooper responded to Trump Jr.'s tweet on Monday night and noted the image in the tweet was actually from coverage of Hurricane Ike in 2008.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest moves. Here's the performance of select trending stocks as of 1:00 pm EDT: CGC(HB) Canopy Growth 6.75% ACBFF(HB) Aurora Cannabis Inc 5.77% FIT Fitbit Inc 5.32% SHOP Shopify Inc 5.07% MU Micron Tech 4.42% CHK Chesapeake Energy Corp 3.89% SDRL(HB) Seadrill Limited 3.54% NFLX Netflix Inc 3.48% TRXC(HB) TransEnterix Inc 3.28% ROKU Roku Inc Cl A 3.20% PBR Petroleo Brasileiro S.A. ADS 2.66% QCOM Qualcomm Inc 2.70% X U.S. Steel Corporation 2.65% TEVA Teva Pharm Indus ADR 2.45% AVGO Broadcom Inc 2.41% SOGO(HB) Sogou Inc 2.36% INTC Intel Corp 2.20% ARWR(0) Arrowhead Pharma Inc 2.20% NKE Nike Inc Cl B 2.05% CMCSA Comcast Cl A 1.99% AMZN Amazon.com Inc 1.88% LRCX Lam Research 1.62% GILD Gilead Sciences 1.62% ADBE Adobe Systems 1.59% AMAT(HB) Applied Materials 1.55% CAT Caterpillar Inc 1.54% DBX Dropbox Inc 1.49% BA Boeing Co 1.44% TWTR Twitter Inc 1.25% PYPL PayPal H
According to Business Insider, Coca-Cola is closely watching' the cannabis space — and is reportedly eyeing a deal with one of Canada's biggest producers Coca-Cola has been in talks with Aurora Cannabis to produce CBD-infused drinks, Bloomberg reported Monday. Shares of Aurora went up more than 15% on new of the report, but the companies did not confirm the discussions. An increasing number of beverage companies are rapidly investing in the marijuana space as the drug gains legalization in more jurisdictions.
The National Labor Relations Board has rewritten its joint employer standard, a move that would ease the rule's impact on companies including franchise owners and businesses that subcontract work to others
Asian markets are mixed after President Donald Trump orders tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's two largest economies
Canadian cannabis company Tilray will be able to import medical cannabis into the US. According to Business Insider, Tilray's capsules will be used in a study in California on essential tremor. ET is a neurological disorder that causes involuntary shaking, making daily activities difficult. Tilray's stock surged 11% on the news, hitting a fresh high of $133 in early trading.
Amazon retailer launched a new section of its site Monday, called Amazon Storefronts, that only lists products sold by small- and medium-sized businesses in the U.S.