The FTC requested Camel brand cigarette maker Reynolds American (RAI) and Newport cigarette maker Lorillard (LO) to submit more information as part of its anti-trust review of the merger between the 2 tobacco giants. The companies announced the merger July 15, which would create the 2nd largest tobacco company in the U.S. behind No. 1 Altria Group (MO). Lorillard shares rose 0.6% to 59.70. Reynolds rose 0.8% to 58.47.
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
Intel stock dropped 9% after the company reported Q1 earnings. Is it a buy right now?
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
The combination of artificial intelligence (AI) and cybersecurity is a match made in heaven.
Gross said in a post on X to avoid tech, but if you have to invest in the sector, one name stands out.
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Trump Social itself.
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.