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A CBD company now owns a big chunk of Jones Soda

It’s common these days to hear about a food or beverage company investing in cannabis. It’s more unusual for a cannabis company to, say, snap up a soda brand. In recent months, an emerging cannabis firm has quickly acquired a significant position in Jones Soda with an eye on bringing the wild child of soft…MORE

How Amazon Prime Day became the shopping Super Bowl

Amazon has successfully invented a new shopping holiday, a kind of Black Friday in July. The e-commerce giant and its retail competitors are set to capitalize on shoppers dishing out on everything from clothes to televisions next week. Amazon Prime Day will return for the fifth time starting Monday at midnight PT, and this year…MORE

The rocky 2019 box office could soar in the next few months

Hollywood is in a precarious position as it heads into the second half of 2019 with a sluggish box office that, according to Comscore data, is down roughly 8.6% compared to this time last year. But there is reason to be optimistic about the rest of the year at the cineplex, according to Jeff Bock,…MORE

Budweiser Asia IPO is junked. It would have been the year’s biggest

Anheuser-Busch InBev shelved plans for an IPO of its Asia business, canceling what would have been the biggest public offering of the year. The company, which is the parent of Budweiser, intended to raise as much as $9.8 billion by listing Budweiser Brewing Company APAC, the largest brewer in Asia by retail sales, on the…MORE

Citigroup is now the darling of Wall Street

Citigroup was one of the hardest hit US banks during the 2008 financial crisis. But it’s the king of Wall Street so far this year. Shares of Citi have soared nearly 40% in 2019, outpacing the gains of big banking rivals JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo. But all…MORE

Starbucks will stop selling newspapers

Starbucks will stop selling newspapers and a number of food items to declutter stores and remove products customers aren’t buying. The coffee chain will begin removing newspaper kiosks, grab-and-go snacks and bags of whole-bean coffee beginning in September. The changes will take place in Starbucks’ 8,600 company-owned stores in the United States. “We are always…MORE

Charming Charlie is closing all of its stores

Charming Charlie has fallen victim to the ongoing retail apocalypse. The women’s fashion accessory retailer has filed for bankruptcy for the second time in two years and announced Thursday it will close all of its stores. Charming Charlie has more than 260 stores in 38 states and employs more than 3,300 people. It was founded…MORE

The global auto industry has the worst kind of problems

Global carmakers are being rocked by problems of the worst kind: The ones beyond their control. They’ve been under pressure for months but events over the past two weeks have underscored the urgency with which executives must find answers to the huge challenges roiling the industry. Sales are being undermined by the economic slowdown, escalating…MORE

The Dow, the S&P 500 and the Nasdaq hit new records. This is how we got here

The Dow and the broader stock market are at all-time highs, with six record closes this week alone, including Friday’s triple record. This is how we got here. It all came down to the Federal Reserve and interest rates once again. Fed Chairman Jerome Powell gave his bi-annual congressional testimony on Wednesday and Thursday, and…MORE

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