Breaking News: Business
Vaping lung cases surge to more than 1,000 with at least 18 deaths, CDC says
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California. Justin Sullivan | Getty Images The number of cases of a deadly vaping illness continues to rise “at a brisk pace” with 18 confirmed deaths and more than 1,000 cases in almost every state across the U.S., according to the Centers for Disease …
Retail trade group sees holiday sales rising 3.8% to 4.2% this year
A pedestrian carries a Macy’s Inc. shopping bag while walking past a store in New York. Idris Talib Solomon | Bloomberg | Getty Images Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, …
PepsiCo (PEP) earnings Q3 2019
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations, as its increased spending on advertising and marketing paid off for brands like Gatorade. Shares of the food and beverage giant jumped 3% in premarket trading. …
‘Toxic chemical fumes,’ not oils, may be causing vaping illness: Mayo Clinic
Andy Ramkumar, who works at Gotham Vape in Queens, vapes at the store on September 17, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Doctors researching the cause of a sudden respiratory illness that’s killed at least 16 people in the U.S. since July say a mix of “toxic …
Here’s a map of the Forever 21 stores set to close
Forever 21 on Tuesday released a list of the nearly 180 locations it could potentially close as part of its bankruptcy proceedings. When the apparel retailer filed for bankruptcy on Sunday evening, it said it had 549 stores in the U.S. and 251 locations internationally. The planned closures represent about a third of Forever 21’s …
Damodaran says Peloton is worth $19 with ‘benefit of every doubt’
Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton is worth $19 a share at most, according to Wall Street’s valuation guru. The fitness start-up tumbled about 11% in its public debut on Thursday to as low as $25.76 a share, below its IPO pricing of $29 per share, which was …
Death toll climbs from vaping illnesses as Florida, Georgia report new fatalities
A man vapes at a store on September 17, 2019 in New York City. Spencer Platt | Getty Images Georgia and Florida health officials have both reported their first vaping-related deaths, bringing the total number of U.S. fatalities from a lung disease that resembles a rare form of pneumonia to at least 11. Georgia is …
No need to reinvent health care — improve Obamacare
Democrats should focus on making improvements to Obamacare instead of trying to reinvent the wheel with “Medicare for All,” House Speaker Nancy Pelosi said Tuesday. “God bless” 2020 Democratic presidential candidates putting forth Medicare for All proposals, Pelosi said in an interview with “Mad Money” host Jim Cramer. “But know what that entails.” Pelosi’s thoughts …
China insists it is unaware of calls to Trump
Chinese President Xi Jinping meets Ugandan President Yoweri Museveni at the Great Hall of the People in Beijing, China June 25, 2019. Nicolas Asfour | Reuters One day later, China is still insisting no phone calls took place over the weekend that President Donald Trump claimed showed its willingness to talk again. “I have not …
Tesla shares give up gains after Volkswagen denies report it’s interested in stake
Herbert Diess, new CEO of Volkswagen Sean Gallup | Getty Shares of Tesla rose 2% in premarket trading Thursday on a report that Volkswagen’s CEO was interested in buying a stake in the company, but the stock pared some of its gains once a Volkswagen spokesperson denied the report. Tesla’s stock was still up about …
