Philip Morris International, the world’s largest tobacco company and manufacturer of the Marlboro brand, is venturing into the life insurance industry. A UK-based subsidiary company of Philip Morris will be called Reviti and sell life insurance products. The goal of Philip Morris, via Reviti, is to get traditional cigarette smokers to switch to newer, smokeless […]
Ride-hailing services Lyft and Uber both had recent initial public offerings that doubtlessly made company insiders instantly rich, though shares almost immediately tanked. Meanwhile, drivers say they’re getting screwed. Lyft and Uber drivers in multiple cities around the world held rallies, multiple-hour stoppages, and two-day work strikes in Atlanta, Boston, Chicago, Connecticut, Los Angeles, New […]
Martin Shkreli, an infamous drug company executive known as the “Pharma Bro,” has been moved to solitary confinement and ultimately removed from a minimum security environment at the Fort Dix federal prison in New Jersey. His alleged new crime: Shkreli reportedly smuggled in a cell phone and was using it to run his drug business, Phoenixus AG. […]
According to recent studies, the rate of income inequality between the poor and rich in the United States hasn’t been this stark since the Great Depression. It’s all relative, of course. According to the elite private bankers you’re not really, really rich unless you have at least $25 million in the bank. Private bankers and […]
“Bee rustlers” sounds like a punchline, but renting hives on active farmland is big money to food growers around the world. Beehive theft likely means higher food costs for everyone. Large swathes of the global food economy are wholly dependent on honey bee pollination for profit. By some research estimates, more than $577 billion in global […]
Carl’s Jr, the Tennessee-based franchise burger chain, recently tested a new hamburger called the Rocky Mountain High: Cheeseburger Delight. It was the first fast food ever to contain CBD, or cannabidiol. CBD is a non-psychoactive ingredient found in marijuana and hemp. CBD will not get you high, but users claim that CBD alleviates stress and promote […]
Tesla CEO Elon Musk says that autonomous, driverless “robotaxis” will be a reality by 2020. Musk added that Tesla will manufacture autonomous cars without pedals or a steering wheel within two years. The predictions were made by Musk while making an on-stage presentation at the Tesla Autonomy Investor Day event, held at the Tesla headquarters […]
In 2017, Boeing share prices rose 89%. The company’s stock came back down to Earth in 2018, especially after President Trump made public threats to cancel a $4 billion Boeing order of the next generation of Air Force One. Still, some financial experts predicted that 2019 would be a banner year for Boeing stockholders. That […]
Consumer defensive stocks are stocks that are resilient during times of economic downturns and market turmoil. They fare better in downturns because they produce products that consumers need, regardless of the state of the economy. These items include, food staples, paper products and cleaning materials. Consumer staples are prized for their stability because the prices […]
Warren Buffett has put an end to the market speculation that Berkshire Hathaway was in talks to buy the beleaguered California utility company PG&E. Speaking to CNBC, Buffett made it clear that there was no truth to this story, and that obviously he “would know” if his company was planning to acquire PG&E. The rumor […]
