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As customers hoard pot brownies, North American weed firms see lockdown boost

Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.



5 years ago

Amazon to stop non-essential sales in India

Amazon.com Inc's India unit on Tuesday said it will halt orders for non-essential products in India to prioritize customers' critical needs at a time when much of the country is under lockdown to prevent the spread of coronavirus.



5 years ago

Hispanic-owned businesses are growing iCONIC 161003 EC

Hispanic-owned businesses in the U.S. have been growing at a pace 15 times the national growth rate and has sustained this trend over the last decade.

5 years ago

After solid fourth-quarter, investors should brace for U.S. buyback come-down

After a 3.2% increase in U.S. corporate share buybacks between the third and fourth quarters, investors will see Q1 reductions and a "dismal" Q2 as companies look to conserve cash during the coronavirus crisis, according to S&P Dow Jones Indices.



5 years ago

Ford extends production halt at U.S. plants beyond March 30

Ford Motor Co said on Tuesday it does not plan to restart production at its manufacturing plants in the United States, Canada and Mexico on March 30, as was originally planned.



5 years ago

Wall Street surges on hopes of $2 trillion rescue package

Wall Street snapped back from three-year lows and the Dow jumped more than 1,500 points on Tuesday, as hopes of Washington passing an economic rescue package provided a shot of optimism to markets reeling under the biggest selloff since the financial crisis.



5 years ago

Netflix, Facebook to cut data traffic in India to ease network congestion

Streaming service Netflix Inc and social media giant Facebook Inc said on Tuesday they would reduce the amount of data their services use to ease congested telecoms networks in India, where millions are using home internet amid a lockdown to contain the coronavirus outbreak.



5 years ago

Renault workers use 3D printers to make medical visors

Renault workers in Spain have begun using 3D printers to manufacture visors for health workers from home, the French carmaker said on Tuesday, in a scheme that could be expanded to make other medical equipment elsewhere.



5 years ago

Britain to stricken airlines: try raising your own money first

Britain has told airlines it will only consider stepping in to help them survive the coronavirus crisis once they have explored the possibility of raising capital from other sources including existing investors.



5 years ago

Coronavirus to bring deep U.S. capital return letdowns

U.S. investors will likely see sharp declines in capital returns this year as companies look to conserve cash during the coronavirus crisis, according to S&P Dow Jones Indices which is predicting a significant first-quarter decline in buybacks and a dismal second quarter.



5 years ago

Shutdowns stoke debate over what's an 'essential industry'

Shortly after British Prime Minister Boris Johnson ordered the closure of non-essential retailers on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to let them know: the next day would be business as usual.



5 years ago

Philips warns protectionism could derail critical medical supplies

Broad powers over U.S. factories brought in by President Donald Trump could fuel protectionism and jeopardize the supply of critical medical equipment to fight the coronavirus pandemic, Dutch health technology company Philips warned on Tuesday.



5 years ago

How the U.S. could intervene to weaken its surging dollar

A blistering dollar rally has revived speculation that the U.S. may rein in its currency if the buck goes much higher.



5 years ago

Citigroup will temporarily close up to 15% of U.S. branches

Citigroup Inc said on Tuesday it will temporarily shutter up to 15% of its U.S. branches amid the coronavirus outbreak.



5 years ago

Citigroup makes senior hires in United States, Asia

Citigroup Inc on Tuesday appointed Pam Habner as head of its branded cards division in the United States, as part of hires for many senior roles, according to two memos seen by Reuters.



5 years ago