Business

FDA orders Juul to stop selling e-cigarettes

FDA orders Juul to stop selling e-cigarettes

The Food and Drug Administration on Thursday ordered Juul to stop selling e-cigarettes on the US market, a deeply devastating blow to a once-popular company whose brand has been blamed for the teenage e-cigarette crisis. Demand affects all Juul products in the US market, the company’s greatest source of sales. Juul’s nifty e-cigarette cartridges and …

FDA orders Juul to stop selling e-cigarettes Read More »

The US Food and Drug Administration (FDA) refused to authorize the marketing of Juul products

The US Food and Drug Administration (FDA) refused to authorize the marketing of Juul products

For immediate posting: June 23, 2022 The U.S. Food and Drug Administration today issued marketing denial orders (MDOs) for JUUL Labs Inc. for all of its products currently marketed in the United States. As a result, the company should stop selling and distributing these products. Additionally, those currently on the US market must be removed, …

The US Food and Drug Administration (FDA) refused to authorize the marketing of Juul products Read More »

Mortgage rates are rising again, driving more buyers out of the housing market

Mortgage rates are rising again, driving more buyers out of the housing market

The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter of 2008. “Fixed mortgage rates have increased by more than two full percentage points …

Mortgage rates are rising again, driving more buyers out of the housing market Read More »

This stellar hedge fund manager says some of the major tech names are now gamers of value, as he zooms in on one of the meme's favorite stocks.

This stellar hedge fund manager says some of the major tech names are now gamers of value, as he zooms in on one of the meme’s favorite stocks.

Stocks are back up again, at least that’s the sentiment from futures. It was a day after Federal Reserve Chairman Jerome Powell assured lawmakers what markets already know – that a soft economic landing could be difficult while taming the inflation monster. Along with regular investors, hedge funds have had a rough start to the …

This stellar hedge fund manager says some of the major tech names are now gamers of value, as he zooms in on one of the meme’s favorite stocks. Read More »

The retail industry is facing a potential wave of bankruptcies - here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at CVS Store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is facing a potential wave of bankruptcies after a months-long slowdown in restructuring activity. There could be an increase in distressed retailers starting later this year, experts say, as inflated prices dampen …

The retail industry is facing a potential wave of bankruptcies – here’s why Read More »

The retail industry is facing a potential wave of bankruptcies - here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at CVS Store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is facing a potential wave of bankruptcies after a months-long slowdown in restructuring activity. There could be an increase in distressed retailers starting later this year, experts say, as inflated prices dampen …

The retail industry is facing a potential wave of bankruptcies – here’s why Read More »

Travel plans to or across Europe?  Get ready for long lines

Travel plans to or across Europe? Get ready for long lines

Passengers wait in long lines outside the terminal building to check-in and board flights at Schiphol Airport in Amsterdam, the Netherlands, Tuesday, June 21, 2022. Peter Dejong/AFP Hide caption Caption switch Peter Dejong/AFP Passengers wait in long lines outside the terminal building to check-in and board flights at Schiphol Airport in Amsterdam, the Netherlands, Tuesday, …

Travel plans to or across Europe? Get ready for long lines Read More »

Binance US Makes Bitcoin Trading Fee-Free As Competitors Feel the Heat

Binance US Makes Bitcoin Trading Fee-Free As Competitors Feel the Heat

Crypto exchange Binance.US has removed trading fees for spot market trades in Bitcoin (BTC), following in the footsteps of Robinhood, which pioneered commission-free cryptocurrency trading in 2018. Brian Shroder, CEO of Binance.US, said the move makes the company the first US crypto exchange to eliminate bitcoin spot trading fees for all users and without trading …

Binance US Makes Bitcoin Trading Fee-Free As Competitors Feel the Heat Read More »

Cramer: 4 Investable Things I Learned About Meta From Chatting With Mark Zuckerberg

Cramer: 4 Investable Things I Learned About Meta From Chatting With Mark Zuckerberg

In any CEO interview, you always learn something to invest in. I wanted to give you my four immediate impressions of what I saw tonight from Meta CEO Mark Zuckerberg. 1. We got a new and positive reading on the reels. Zuckerberg told us that the short video producer is ahead of the plan and …

Cramer: 4 Investable Things I Learned About Meta From Chatting With Mark Zuckerberg Read More »