Exclusives https://www.benzinga.com/views/taxonomy/term/145889 en Green Wednesday: 2018 Sales Data Shows The Date Is A Bestseller For Cannabis Companies https://www.benzinga.com/markets/cannabis/18/12/12839669/green-wednesday-2018-sales-data-shows-the-date-is-a-bestseller-for-c <p>&quot;Green Wednesday&quot;<strong> </strong>is catching fire.</p> <p>The day before Thanksgiving has turned into a well-known marijuana shopping day in America, with Eaze reporting record sales that were&nbsp;only outpaced by April 20 sales, as deliveries almost doubled those of a regular Wednesday last year. Data from <a href="http://headset.io/">Headset</a> confirms this massive surge in demand.</p> <p><strong>CannAmerica Brands </strong>CEO Dan Anglin said:<strong>&nbsp;</strong>&ldquo;In Colorado, the day before Thanksgiving has long been the kickoff to the biggest season for cannabis sales in the state. With the ski season and holiday travel cranking up, sales start to increase in mid-November and continue to rise through the end of January.&rdquo;</p> <p>Josh Segal, CEO of cannabis marketing and advertising company <strong>Adloop</strong>, said&nbsp;the hope is that one day Green Wednesday will become as big as 4/20.</p> <h3><strong>&#39;Money Be Green&#39;</strong></h3> <p>Brands and dispensaries are now allocating big bucks to marketing and advertising Green Wednesday deals. In markets like California, companies are making a branded product push to satisfy consumer demand, as many individuals are traveling to the state to seek out branded products for the holidays, Segal said.</p> <p>&ldquo;Our industry is trying to establish other holidays such as Green Wednesday to further bolster sales volume, particularly in recreational states that are seeing a shift in consumer purchasing patterns that have brands and retailers excited about the future of the holiday.&quot;</p> <p><em>Cannabis investors can&#39;t miss the Benzinga Cannabis Capital ...</em></p><p><a href=https://www.benzinga.com/markets/cannabis/18/12/12839669/green-wednesday-2018-sales-data-shows-the-date-is-a-bestseller-for-c alt=Green Wednesday: 2018 Sales Data Shows The Date Is A Bestseller For Cannabis Companies>Full story available on Benzinga.com</a></p> Adloop Cannabis CannAmerica Cy Scott Dan Anglin Eaze Green Wednesday Headset HMLSF Josh Segal MJ MMNFF Sheena Shiravi Retail Sales Top Stories Exclusives Markets Interview MJ HMLSF MMNFF Cannabis Retail Sales Top Stories Exclusives Markets Interview Benzinga Thu, 13 Dec 2018 14:08:47 +0000 Javier Hasse 12839669 at https://www.benzinga.com Auto Expert: Small Car To Become More Endangered, But Not Extinct https://www.benzinga.com/general/education/18/12/12830160/auto-expert-small-car-to-become-more-endangered-but-not-extinct <p><strong>General Motors Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>)&rsquo;s announcement last month that it would contract and reorganize its workforce continues a long trend among automakers.</p> <p>&ldquo;The shift away from traditional sedans to utility vehicles has been ongoing for several years but has dramatically quickened in the last couple of years,&rdquo; Autotrader executive analyst Michelle Krebs told Benzinga. &ldquo;In recent months, the share of new cars sold has dropped to a historical low of under 30 percent.&rdquo;</p> <h3>Where The Small Car Has Gone</h3> <p>The passenger vehicle has taken a hit. This April, <strong>Ford Motor Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) said it would <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11583311/ford-says-goodbye-to-the-focus-taurus-and-others-in-nor">pare</a> its North American car portfolio to just the Mustang and Ford Active. CEO Jim Hackett justified the shift to focus on more profitable products, and analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11375801/ford-releases-big-picture-strategy-5-things-to-consider">praised</a> the strategy as highly sensical.</p> <p>GM warned at the time it would continue to shrink its own car investment going forward.</p> <p><strong>Fiat Chrysler Automobiles NV</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcau#NYSE">FCAU</a>) had already exited the U.S. car market a few years earlier &mdash; but it hadn&rsquo;t anticipated demand declining much more than it already had.</p> <p>&ldquo;The worsening of the passenger car market from here is hard to imagine,&rdquo; now-deceased former CEO Sergio Marchionne <a href="https://www.benzinga.com/news/18/01/11030594/fiat-chrysler-ceo-sergio-marchionne-talks-succession-plan-nafta-evs">said in January</a>. &ldquo;We&rsquo;re now at the bottom of the barrel ... we made ...</p><p><a href=https://www.benzinga.com/general/education/18/12/12830160/auto-expert-small-car-to-become-more-endangered-but-not-extinct alt=Auto Expert: Small Car To Become More Endangered, But Not Extinct>Full story available on Benzinga.com</a></p> automotive AutoTrader F FCAU GM Michelle Krebs OEM TM Retail Sales Top Stories Exclusives Interview F US3453708600 GM US37045V1008 TM US8923313071 FCAU Retail Sales Top Stories Exclusives Interview Benzinga Wed, 12 Dec 2018 17:36:06 +0000 Elizabeth Balboa 12830160 at https://www.benzinga.com Ricky Williams, Terrell Owens Launch The 'Freedom Football League' https://www.benzinga.com/news/18/12/12810992/ricky-williams-terrell-owens-launch-the-freedom-football-league <p>Move over XFL and AAF, there&#39;s another new football league in town.</p> <p>The Freedom Football League, founded by a coalition <a href="https://www.benzinga.com/pressreleases/18/12/g12810560/coalition-of-fifty-former-nfl-players-launch-the-freedom-football-leag">50 former NFL players</a> including Heisman Trophy winner <a href="https://www.benzinga.com/general/biotech/18/02/11061429/football-and-weed-former-nfl-players-weigh-in-on-why-many-are-getting">Ricky Williams</a> and Hall-Of-Famer Terrell Owens, says it&rsquo;s different because from the other upstarts with its player-centric approach, upending the traditional ownership model in pro football and enabling fans and players the ability to purchase ownership of the individual teams.</p> <p>&ldquo;The Freedom Football League is truly unique in the way that it rethinks so many aspects of the game of football, starting with ownership and money,&quot; Williams told Benzinga. &quot;As a former player and life-long follower of the sport, I am personally very proud that our league allows both players and fans to join the movement as owners.</p> <p>&quot;The phrase &lsquo;Billionaires Not Allowed&rsquo; is a core piece of the FFL&#39;s ideology which goes beyond just money to represent to our desire to keep player and fan interests at the heart of everything we do.&rdquo;</p> <h3>Spring Football League Doesn&#39;t Look To Compete With NFL, NCAA</h3> <p>The league ...</p><p><a href=https://www.benzinga.com/news/18/12/12810992/ricky-williams-terrell-owens-launch-the-freedom-football-league alt=Ricky Williams, Terrell Owens Launch The &#039;Freedom Football League&#039;>Full story available on Benzinga.com</a></p> AAF Colin Kaepernick FFL NCAA News nfl Ricky Williams Terrell Owens Tyler Holwell Vince McMahon WWE XFL Sports Exclusives Interview General WWE US98156Q1085 News Sports Exclusives Interview General Benzinga Thu, 06 Dec 2018 20:49:44 +0000 Brett Hershman 12810992 at https://www.benzinga.com Footwear Expert: Tariffs Hurt Nike In A Different Manner Than You Think https://www.benzinga.com/analyst-ratings/analyst-color/18/12/12797906/footwear-expert-tariffs-hurt-nike-in-a-different-manner <p><strong>Nike Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), the world&rsquo;s largest footwear brand, might be one of the companies least affected by potential future tariffs.</p> <p><a href="https://www.cnbc.com/2018/12/04/trump-calls-himself-tariff-man-as-china-talks-restart-after-trade-war-truce.html">Self-proclaimed &quot;Tariff Man&quot;&nbsp;</a>President Donald Trump and Chinese President Xi Jinping agreed to a<a href="https://www.cnn.com/2018/12/01/politics/trump-china-tariffs/index.html"> temporary trade truce</a>&nbsp;Saturday, with the U.S. agreeing to maintain a 10-percent tariff on $200 billion in Chinese goods and forego an increase to 25 percent.</p> <h3>Majority Of Manufacturing In Vietnam, Indonesia</h3> <p>The decision sent Nike shares up 4 percent Monday, but<a href="https://www.benzinga.com/news/18/02/11172069/nike-back-on-top-with-best-selling-shoe-of-2017"> one footwear expert</a> said the investor reaction is misdirected.</p> <p>&ldquo;Nike is one of the most diversified sneaker companies ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/12/12797906/footwear-expert-tariffs-hurt-nike-in-a-different-manner alt=Footwear Expert: Tariffs Hurt Nike In A Different Manner Than You Think>Full story available on Benzinga.com</a></p> Analyst Color China Donald Trump Matt Powell NKE NPD Group tariffs Xi Jinping Politics Top Stories Exclusives Interview General NKE US6541061031 Analyst Color Politics Top Stories Exclusives Interview General Benzinga Tue, 04 Dec 2018 21:25:27 +0000 Brett Hershman 12797906 at https://www.benzinga.com Everything You Need To Know Ahead Of The G20 Summit https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12764982/everything-you-need-to-know-ahead-of-the-g20-summit <p>The 2018 G20 summit will be held in Buenos Aires, Argentina starting Friday, and this year&rsquo;s meeting is lining up to be an extremely important one for global financial markets.</p> <p>The two major areas investors will be watching at this year&rsquo;s event will be any developments on the international trade war and any deals on oil production between the U.S., Russia and Saudi Arabia.</p> <h3>Oil Deal</h3> <p>Oil and other commodities could potentially finally stabilize following the G20 summit, according to Goldman Sachs analyst Jeff Corrie. He <a href="https://twitter.com/business/status/1067513817465147392">told Bloomberg</a> this week commodity prices have taken a hit due to excess global supply of oil and the ongoing trade war.</p> <p>&ldquo;If we can see either a pause or a deal on the trade war this coming week, as well as some type of agreement between Russia, the United States and Saudi...that&rsquo;s the basis of our call here,&rdquo; Corrie said.</p> <p>While Trump has pressured Saudi Arabia for lower oil prices in recent months, Corrie said $50/bbl oil prices are a ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12764982/everything-you-need-to-know-ahead-of-the-g20-summit alt=Everything You Need To Know Ahead Of The G20 Summit>Full story available on Benzinga.com</a></p> Analyst Color China FXI G20 G20 Summit Goldman Sachs Jeff Corrie News Oil Russia Saudi Arabia Shawn Cruz SPY TD Ameritrade USO Xi Jinping Commodities Events Top Stories Exclusives Markets Analyst Ratings Interview FXI US4642871846 SPY US78462F1030 USO US91232N1081 News Analyst Color Commodities Events Top Stories Exclusives Markets Analyst Ratings Interview Benzinga Thu, 29 Nov 2018 17:38:31 +0000 Wayne Duggan 12764982 at https://www.benzinga.com Twitter's Stock Falls And Nobody Really Knows Why https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12773568/twitters-stock-falls-and-nobody-really-knows-why <p>Shares of <strong>Twitter Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) plummeted mysteriously Thursday morning.</p> <h3>What Happened</h3> <p>Shares of the social media company dropped more than 7 percent, accounting for the stock&rsquo;s lowest point since Oct. 24. With no apparent news explaining the move, some have referred to the influence of Fox News&rsquo; apparent &ldquo;boycott&rdquo; of Twitter.</p> <p>The recent sell-off may be related to a<a href="https://www.politico.com/story/2018/11/28/why-is-fox-news-not-tweeting-1025861"> recent POLITICO article </a>outlining Fox News&rsquo; aversion to the platform, Wedbush analysts told Benzinga. Both Fox ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12773568/twitters-stock-falls-and-nobody-really-knows-why alt=Twitter&#039;s Stock Falls And Nobody Really Knows Why>Full story available on Benzinga.com</a></p> Aegis Analyst Color Citron Research Donald Trump Jack Dorsey News Politico Short Sellers The Federalist TWTR Victor Anthony Wedbush Top Stories Exclusives Movers Trading Ideas TWTR US90184L1026 News Analyst Color Short Sellers Top Stories Exclusives Movers Trading Ideas Benzinga Thu, 29 Nov 2018 16:53:28 +0000 Hannah Genig 12773568 at https://www.benzinga.com Riding Solo: EV Startup Electra Meccanica Aims To 'Close The Last Gas Station' https://www.benzinga.com/top-stories/18/11/12651634/riding-solo-ev-startup-electra-meccanica-aims-to-close-the-last-gas-stati <p>Just a decade ago, electric cars seemed like a futuristic vision. Now, there&#39;s always a chance of looking to one&#39;s left a red light and spotting a <strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>)&nbsp;or even a Solo.</p> <p>One car company is taking a different approach in the electric race for a cleaner future:&nbsp;<strong>Electra Meccanica</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/solo#NASDAQ">SOLO</a>).</p> <h3>A Sympathy Move</h3> <p>When you take a distinguished sports car company &mdash;&nbsp;Intermeccanica &mdash; and add CEO Jerry Kroll, a man with a passion for race car driving and electric vehicles, you wind up with&nbsp;<a href="https://www.benzinga.com/news/18/10/12584690/what-is-electra-meccanica-vehicles-and-why-is-its-stock-up-100">Electra Meccanica</a>.</p> <p>Intermeccanica already had a lengthy 60-year history of manufacturing and delivering beautiful custom sports cars, with their Roadster being featured in &quot;Top Gun.&quot; The expertise and finesse seen in their vehicles lives on through an electric engine.</p> <p>&ldquo;The way this company was formed is my background is as an environmentalist, believe it or not, working in the IndyCar field as an agent for race car drivers such as Scott Dixon, Ryan Hunter-Reay and other top-level race car drivers,&quot; Kroll said in an recent interview with Benzinga.</p> <p>&quot;In 2006, I decided it would be a good idea to start making electric race cars because I felt bad for the way the automobile industry would be going,&rdquo; Kroll said in a recent interview with Benzinga.</p> <p>The micro-cap stock trades around $1.46 per share. On Oct. 7, Electra Meccanica announced a direct offering of 4.25 million shares at $2 each. The net proceeds are intended for the further design and development of its Tofino two-seater.</p> <h3>The iPhone Of Cars?</h3> <p>The way people commute today holds two fundamental problems, Kroll said:</p> <ul> <li>Pollution generated by vehicles has become a massive problem in an increasing environmentally aware world.</li> <li>Many large vehicles are taking up space in traffic with only one commuter in the car.</li> </ul> <p>Electra Meccanica has ...</p><p><a href=https://www.benzinga.com/top-stories/18/11/12651634/riding-solo-ev-startup-electra-meccanica-aims-to-close-the-last-gas-stati alt=Riding Solo: EV Startup Electra Meccanica Aims To &#039;Close The Last Gas Station&#039;>Full story available on Benzinga.com</a></p> electric vehicles EVs Jerry Kroll Seeking Alpha SOLO TSLA Top Stories Exclusives Tech Media Interview General TSLA US88160R1014 SOLO Top Stories Exclusives Tech Media Interview General Benzinga Fri, 23 Nov 2018 17:24:18 +0000 Tyree Gorges 12651634 at https://www.benzinga.com 'The Match': Pay-Per-View Golf May Be A First, But Primetime Tee-Offs Are Nothing New https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12741231/the-match-pay-per-view-golf-may-be-a-first-but-primetim <p>The $9-million pay-per-view&nbsp;match between Tiger Woods and Phil Mickelson Friday presents many questions: why wasn&#39;t this match scheduled 10 years earlier? And if it does go well, will pay-per-view golf take off?&nbsp;</p> <p>Some are calling it a <a href="https://www.usatoday.com/story/sports/golf/2018/11/21/why-watch-tiger-woods-phil-mickelson-match/2075199002/">must-see event</a>, while others have <a href="http://kwese.espn.com/golf/story/_/id/25330578/instead-tiger-woods-phil-mickelson-here-10-other-matches-rather-see-including-jordan-spieth-patrick-reed">other golf matchups they would rather&nbsp;</a>watch.&nbsp;</p> <p>&quot;The Match&quot; is certainly a gamble from a broadcast perspective;&nbsp;the matchup format means that if one golfer is playing poorly, the round could be over by the 14th hole. The unique mic-ed&nbsp;match format could give&nbsp;viewers a more personal viewing experience and represents an experiment with the way golf is broadcast.</p> <p>&quot;The Match&quot; tees off at 3 p.m. Friday at Shadow Creek Golf Course in Las Vegas. A tangle of corporations have a hand in the game: it&#39;s produced by AT&amp;T Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>)&#39;s Turner Sports and distributed by carriers such as AT&amp;T, <strong>Comcast Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>), <strong>Charter Communications Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>), Cox Communications, <strong>Verizon Communications Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) and <strong>Altice USA Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atus#NYSE">ATUS</a>). The game is sponsored by <strong>Capital One Financial Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cof#NYSE">COF</a>) and is being played on a golf course owned by<strong> MGM Resorts International </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>).</p> <h3>&#39;The Ultimate Reality Show&#39;&nbsp;</h3> <p>While pay-per-view golf may be a first, primetime golf between the world&#39;s best ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12741231/the-match-pay-per-view-golf-may-be-a-first-but-primetim alt=&#039;The Match&#039;: Pay-Per-View Golf May Be A First, But Primetime Tee-Offs Are Nothing New>Full story available on Benzinga.com</a></p> Analyst Color Arnold Palmer ATUS Brad Adgate CHTR CMCSA COF Gary Player Jack Nicklaus Jim Lackritz MGM Mike Bernacchi Monday Night Golf News Phil Mickelson SDSU Shadow Creek T Tiger Woods Turner Sports University of Detroit VZ Sports Events Top Stories Exclusives Analyst Ratings Media Interview General CMCSA US20030N1019 COF US14040H1059 MGM US5529531015 T US00206R1023 VZ US92343V1044 CHTR US16117M3051 ATUS News Analyst Color Sports Events Top Stories Exclusives Analyst Ratings Media Interview General Benzinga Fri, 23 Nov 2018 16:07:56 +0000 Brett Hershman 12741231 at https://www.benzinga.com Howard Lindzon: Nike, Lululemon, Apple Lead In 'Fashology' https://www.benzinga.com/news/18/11/12690046/howard-lindzon-nike-lululemon-apple-lead-in-fashology <p>Investor and StockTwits co-founder Howard Lindzon has coined a term that he says determines which brands will stand the test of the time: &quot;fashology.&quot;</p> <p><strong>Apple Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is the global pioneer of the category, as it makes consumer technology devices the <a href="https://medium.com/@gpeuc/apple-has-successfully-transitioned-into-a-fashion-company-fed1cd736f37">fashionable status symbol of our time</a>, Lindzon told Benzinga in a recent interview.</p> <p>Merging&nbsp;technology and fashion is a key component&nbsp;in creating and sustaining a brand that&#39;s relevant to the next generation, he said.&nbsp;<strong>Nike Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), <strong>Lululemon Athletica inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>)&nbsp;are leading the fashology movement, but more companies will emerge, Lindzon says.</p> <h3>Lindzon: Apple &#39;Really Got Retail Right&#39;</h3> <p>Similar to how shopping centers use grocery stores as an anchor to bring in consumers, the Apple Store has become an anchor of ...</p><p><a href=https://www.benzinga.com/news/18/11/12690046/howard-lindzon-nike-lululemon-apple-lead-in-fashology alt=Howard Lindzon: Nike, Lululemon, Apple Lead In &#039;Fashology&#039;>Full story available on Benzinga.com</a></p> AAPL Apple Store Fashology Howard Lindzon LULU MSFT NKE retail stocktwits Top Stories Exclusives Tech Trading Ideas Interview AAPL US0378331005 LULU US5500211090 MSFT US5949181045 NKE US6541061031 Top Stories Exclusives Tech Trading Ideas Interview Benzinga Fri, 23 Nov 2018 13:20:54 +0000 Brett Hershman 12690046 at https://www.benzinga.com Why Is The US Stock Market Open 6.5 Hours A Day? https://www.benzinga.com/general/education/18/11/12734114/why-is-the-us-stock-market-open-6-5-hours-a-day <p>The New York Stock Exchange will have an abbreviated trading session from 9:30 a.m. ET to 1 p.m. ET this Friday following a Thanksgiving Day closure. The holiday-shortened trading session may seem atypical for today&rsquo;s traders, but NYSE trading hours haven&rsquo;t always been 9:30 a.m. to 4 p.m.</p> <h3>Trading Timeline</h3> <p>Way back in 1871, the NYSE set its first regular daily <a href="https://www.marketwatch.com/story/a-brief-history-of-trading-hours-on-wall-street-2015-05-29">trading hours</a> to begin at 10 a.m. and end some time between 2 p.m. and 4 p.m. These market hours were held&nbsp;six days a week from Mondays through Saturdays, with the market remaining closed on Sundays.</p> <p>In 1887, the hours were adjusted to 10 a.m. to 3 p.m. Monday through Friday and only 10 a.m. to noon on Saturdays.</p> <p>In fact, it wasn&rsquo;t until 1952 that the NYSE ...</p><p><a href=https://www.benzinga.com/general/education/18/11/12734114/why-is-the-us-stock-market-open-6-5-hours-a-day alt=Why Is The US Stock Market Open 6.5 Hours A Day?>Full story available on Benzinga.com</a></p> DIA NASDAQ NYSE Peter Asch QQQ SPY Education Top Stories Exclusives Markets Interview General DIA US78467X1090 SPY US78462F1030 QQQ US73935A1043 Education Top Stories Exclusives Markets Interview General Benzinga Fri, 23 Nov 2018 13:02:20 +0000 Wayne Duggan 12734114 at https://www.benzinga.com