Altria Group said on Monday it would buy e-cigarette startup NJOY Holdings for about $2.75 billion in cash.
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Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot
Lordstown ended the year with over $220 million in cash as it pivots to work with Foxconn on a new electric vehicle program.
Continue readingNestle, Tyson and other food giants bet on air fryer boom to grow sales
U.S. consumers spent nearly $1 billion last year buying air fryers, up 51% from 2019.
Continue readingHow top women executives in sports and betting are leading by example
At the MIT Sloan Sports Analytics conference, sports betting and diversity are among the themes this year.
Continue readingLeylah Fernandez urges athletes to become financially literate as soon as possible
Leylah Fernandez spoke to CNBC about the importance of preparing for life after tennis.
Continue readingMillions of low-income families could soon face steeper broadband internet bills
Low-income households that have relied on a federal broadband subsidy for the past two years could see their internet bills rise if the program is […]
Continue readingFord plans to restart production of the electric F-150 Lightning on March 13
Ford plans to restart production of its electric F-150 Lightning pickup on March 13 – more than a month after a battery issue caused a […]
Continue readingESPN wants to be the hub of all live sports streaming — even if it helps its competition
The idea aims to make ESPN the TV guide of live sports. The network has held talks with major leagues and media companies, sources said.
Continue readingMortgage rates jump back over 7% as inflation fears drive yields higher
Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury.
Continue readingNordstrom earnings top expectations, retailer says it’s winding down Canada operations
Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.
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