Canopy Growth (CGC) – The cannabis producer named Constellation Brands (STZ) Chief Financial Officer David Klein as its new CEO, effective Jan. 14, 2020. Constellation owns 38% of Canopy Growth, and Klein is already Canopy’s board chairman. Macy’s (M) – Goldman Sachs downgraded the retailer’s stock to “sell” from “neutral,” predicting “significant additional downside” to Macy’s retail operations. Skechers (SKX) – The shoe company should see earnings growth on pace with Nike (NKE), according to a

Picking out a gift for your boss can be tricky, especially if you’re working with a tight budget. Though it may be tempting to overspend, Monster’s career expert Vicki Salemi says its best to not go overboard when selecting a gift for a boss or a colleague. Instead, Salemi says you should pick out a reasonably priced gift that isn’t too personal and that’s gender neutral. Below, CNBC Make It created a list of eight budget-friendly gifts that are perfect for any boss. Each of these gifts are affo

The deal comes less than a year since Amazon announced on Valentine’s Day it would halt plans to build its new headquarters in the Long Island City neighborhood of Queens, New York. But the new lease will bring just a fraction of the jobs Amazon promised as part of the HQ2 deal. The new Amazon jobs will also be located in Manhattan, not the developing neighborhood of Long Island City in Queens. An Amazon spokesperson told CNBC that the new office space will open in 2021 and house employees from

Sandra Oh attends the 76th Annual Golden Globe Awards – Press Room at The Beverly Hilton Hotel on January 6, 2019 in Beverly Hills, California. Did your favorite movie or TV show nab an Golden Globe nomination? The Hollywood Foreign Press Association annual Golden Globe Awards will be presented Jan. 5, but who will be in the running? Critics have been quick to praise “Parasite,” “Once Upon a Time in Hollywood,” “Joker,” “1917” and “Marriage Story,” all of which received a number of nods. Disney

One data point: New York- and Palo Alto, California-based private equity firm Centana Growth Partners just secured commitments for a new $375 million fund, a follow-up that’s 50% larger than its inaugural 2015 fund. They invest in rapidly growing companies across the financial services industry, from banking to insurance and payments, putting $5 million to $30 million into each start-up. Yet Silicon Valley is in the throes of an adjustment after billions of dollars of value evaporated from SoftB

Citi said in its downgrade of Chevron that it was “worried” about signs of “anemic returns” and “problematic project execution.” The 14-month underperformance of energy equities has been acute: global IOCs have lagged global equities by 20%, while for US E&P and Services, it has been over 50%. Within this mayhem, CVX has emerged as a relative safe haven, benefiting from balance sheet strength and clear capital allocation. But we think that safe-haven status might now be overplayed. 2019 has seen

The electric automaker’s stock has added 2% so far this month, better than the slight decline by the Nasdaq 100. Gina Sanchez, CEO of Chantico Global, says its status as a “faith stock” could mean a bigger move is ahead. Tesla has had a major run over the past three months, reversing its late spring and early summer slump. Since then the stock doubled, but now it’s overbought and at resistance in that $365-$380 area,” O’Hara said during the same segment. However, after its autumn rally, O’Hara w

The House Judiciary Committee on Monday is slated to hear testimony from Democratic and Republican lawyers explaining their case in the impeachment hearings against President Donald Trump. Trump withheld military aid and tried to leverage a meeting at the White House in exchange for the investigation. Lawmakers are preparing to release articles of impeachment against Trump this week. “We have a very rock-solid case,” House Judiciary Chairman Jerry Nadler said on CNN’s “State of the Union” on Sun

Credit Suisse expects Disney+ to pull in 20 million subscribers before the end of the year as app downloads level out after a post-launch frenzy and total subscriptions beat expectations. Analysts at the firm previously expected Disney’s new streaming service to finish the year with 14.3 million subscribers. Bolstered by the successful initial launch, Disney will continue to throw more money behind the streaming service, the analysts expect. Disney managed a successful launch of Disney+ in a cro

Investors are ill-prepared for the possibility of President Donald Trump walking away from talks aimed at cementing the “phase one” China trade deal that was announced in principle in October, CNBC’s Jim Cramer said Monday. asked Cramer, a supporter of the president’s hard line approach to try to force China to open up its markets. “The president can walk away from the table with this number,” highlighting the unemployment rate last month dipping to 3.5%, matching a 50-year low. Cramer has said

A talk-show host from right-wing conspiracy website Infowars derailed the start of Monday’s House impeachment proceedings by screaming at Judiciary Committee Chairman Jerrold Nadler. Owen Shroyer, who was seated in the audience of the hearing room on Capitol Hill, stood up and loudly heckled Nadler minutes after the Democratic chairman took his seat. “Jerry Nadler and the Democrat Party are committing treason against this country!” Shroyer was escorted out of the hearing room by officers less th

The Supreme Court on Monday refused to hear an unusual case brought by the state of Arizona against the embattled Sackler family and their pharmaceutical company, Purdue Pharma. The court announced that it will not hear the case in an order with no explanation and no noted dissents. OxyContin, a painkiller, is one of the most common drugs involved in prescription opioid deaths in the United States, according to the Centers for Disease Control and Prevention. In addition to Richard Sackler, the s

Frothy growth stocks in the equity market remain Wall Street’s biggest risk heading into the final weeks of 2019, according to Morgan Stanley. “We still think the greatest risk in the equity market remains in growth stocks where expectations are too high and priced,” Wilson wrote. “From a sector standpoint, this is consumer discretionary broadly and expensive software and secular growth stocks.” “Since the Fed began cutting, [discreationary and other growth stocks] have underperformed the S&P 50

President Jimmy Carter shakes hands with Paul Volcker, left, as he is sworn in as Fed chairman, Aug. 6, 1979, at the White House. In an oral history with the Fed, Volcker explained “why I probably don’t like inflation.” “My mother said, ‘That’s what your sisters got, and that’s what you’re going to get.’ “I said, ‘My sisters don’t need as much money. And we’ve had inflation, Mother.

Amazon says President Donald Trump launched “behind-the-scenes attacks” against the company, which led to it losing out on a major contract for cloud services. In a heavily redacted, 103-page document made public on Monday, Amazon Web Services lays out why it’s protesting the Department of Defense’s decision to award Microsoft the JEDI (Joint Enterprise Defense Infrastructure) contract. AWS claims it didn’t win the JEDI contract, which could be worth as much as $10 billion, as a result of repeat

Incredibly, his likely impeachment gives the president more opportunities than liabilities. The most important difference between the Trump impeachment and the other presidents who have faced this process is the fact that it comes in the midst of a reelection campaign. It may seem like trying to run for reelection during an impeachment trial in the Senate is like driving with one flat tire. But the above arguments are just examples of why Trump has some immunity from most of the impeachment pitf

A Tesla Model 3 was engaged in Autopilot when it rear-ended a parked police car in Connecticut over the weekend, the Stamford Advocate first reported Saturday. The driver told police that he was checking on his dog in the backseat when his Tesla Model 3 rear-ended a cruiser, then continued to also strike a disabled car. Autopilot enables Tesla vehicles to steer, accelerate and brake automatically within their lanes, and move into different lanes. As the officers waited with the driver of the dis

“Paul A. Volcker was a giant among American public servants,” Alliance President Thomas W. Ross said in a statement Monday. “Paul Volcker was an inspiration to me and to everyone in the Federal Reserve,” said Janet Yellen, Fed chair under Presidents Barack Obama and Donald Trump. We have Paul Volcker to thank for taming inflation and ushering in a long period of macroeconomic stability.” The inflation rate was 1% under President Lyndon Johnson in 1965 but ballooned to a breakneck 14.8% in March

Finnish Minister of Transport and Communications Sanna Marin attends a Transport, Telecommunications and Energy Council Meeting at the European Council in Brussels, Belgium on December 02, 2019. Finland’s Sanna Marin has been selected to become the next leader of her Social Democratic party, paving the way for the 34-year-old to become the world’s youngest-serving prime minister. The transport minister is expected to be sworn in as the country’s head of state over the coming days. When Marin ent

Prime Minister Boris Johnson and Leader of the Labour Party Jeremy Corbyn shake hands during the ITV Leaders Debate on November 19, 2019 in Salford, England. Prime Minister Boris Johnson remains the favorite to win on Thursday, although his lead has narrowed in opinion polls in recent weeks. The Brexit Party and Green Party are seen with around 3% of the vote each. Johnson is also looking to regain his majority in the 650-seat Parliament this election in order to see through his Brexit deal. His