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Colorado passes $1 billion in marijuana state revenue

Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.5 billion at the end of May, according to just-released monthly data from the state. And the state's revenue from adult-use marijuana sales has accelerate...

Tobacco stocks tumble as cigarette sales decline

Sales volume, defined by the number of packs of cigarettes sold, fell 11.2% in the four-week period ended May 18, according to Nielsen. Total sales declined 6.9% to $59.27 billion and have now dropped for 18 consecutive months, according to Cowen analyst Vivien Azer.

"That headline num...

Senate Intelligence Committee subpoenas Donald Trump Jr. to answer questions about prior claim to have limited role in Trump Tower Moscow deal

The Republican-led Senate Intelligence Committee has subpoenaed President Donald Trump's eldest son, Donald Trump Jr., to answer questions about his claim to have just limited knowledge of an ultimately aborted plan to build a Trump Tower in Moscow, NBC News reported Wednesday.

A perso...

US weekly jobless claims post biggest rise in 19 months

Initial claims for state unemployment benefits jumped 37,000 to a seasonally adjusted 230,000 for the week ended April 20, the Labor Department said on Thursday. The increase was the largest since early September 2017. Claims dropped to 193,000 in the week prior, which was the lowest level sin...

Wells Fargo CEO Tim Sloan is retiring, and shares jump

Tim Sloan, who took over as chief executive of the bank in October 2016, is resigning as CEO immediately, the bank said Thursday in a release. The bank's general counsel, Allen Parker, will take over as interim CEO, and the bank is searching externally for a permanent successor.

Proble...