|
 U.S. stocks struggled to hold on to modest gains on Thursday as investors weighed better-than-expected housing and manufacturing data, a day after the second interest rate cut of 2019 by the Federal Reserve.
|
|
Alliance Global Partners initiated coverage of four cannabis companies on Thursday and assigned a buy rating to all four stocks, namely Acreage Holdings Inc., Village Farms International Inc., Green Thumb Industries Inc. and GrowGeneration Corp.
|
|
The recent shift in stock-market leadership was to cyclical stocks from defensive sectors, not to value.
|
|
 Beyond Meat Inc. announced Thursday afternoon that former Amazon.com Inc. and Tesla Inc. executive Sanjay Shah will be the meat-alternative company's chief operating officer. Shah was most recently senior vice president of Tesla's solar business, a role he took on in 2018, though Bloomberg News reported last month that he was no longer in charge of the unit. He went to Tesla from Amazon, where he served in a variety of roles from 2011 to 2018. "Sanjay's focus on making operational excellence a sustained competitive advantage, his experience in and appetite for global expansion, along with shared values and a tireless work ethic, makes him a welcome addition to the Beyond Meat family," Beyond Meat Chief Executive Ethan Brown said in Thursday's announcement. As COO of Beyond Meat, Shah will be responsible for the company's global operations and production.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
The House of Representatives on Thursday passed a bill keeping the federal government open through Nov. 21. The Senate is expected to vote on the measure next week. Without the short-term spending measure, government operations would partially shut down after Sept. 30. The House's vote was 301-123.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Private Label