• Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data
    Yahoo Finance

    Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data

    ‘Hamilton’ is continuing to soar following its Disney+ debut with 80% of users tuning in to watch the Broadway phenomenon, according to research complied by 7Park Data.

  • Chamath Palihapitiya: Facebook, Amazon, Google, face modern-day trustbusting
    Yahoo Finance

    Chamath Palihapitiya: Facebook, Amazon, Google, face modern-day trustbusting

    Targeting big tech is 'more a reflection of the moral temperature of society than it is on anything necessarily nefarious that these tech businesses are going to do or have done,' says Chamath Palihapitiya.

  • Walmart's New Subscription Service Has a Key Advantage Over Amazon Prime
    Motley Fool

    Walmart's New Subscription Service Has a Key Advantage Over Amazon Prime

    Walmart (NYSE: WMT) is preparing to launch its latest assault on Amazon (NASDAQ: AMZN). According to an article on Recode this week, the retail giant is about to unveil a new subscription service called Walmart+ that will offer similar benefits to Amazon Prime. Costing $98 a year, Walmart+ will be a significant step up from Delivery Unlimited, its existing same-day grocery delivery service.

  • 3 Top Entertainment Stocks to Buy Now
    Motley Fool

    3 Top Entertainment Stocks to Buy Now

    You'll find everything from undervalued giants to skyrocketing growth stocks in the entertainment sector right now.

  • Costco's Sales Accelerate Dramatically in June
    Motley Fool

    Costco's Sales Accelerate Dramatically in June

    Costco increasingly looks like one of the retail industry's big winners during the COVID-19 pandemic.

  • Adobe (ADBE) Up 20.3% Since Last Earnings Report: Can It Continue?
    Zacks

    Adobe (ADBE) Up 20.3% Since Last Earnings Report: Can It Continue?

    Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Remote Work and Remote Learning Are Driving a Surge in PC Demand
    Motley Fool

    Remote Work and Remote Learning Are Driving a Surge in PC Demand

    The coronavirus pandemic is creating a boom in demand for traditional PCs, due to a wholesale shift to remote work at many companies across multiple industries. In addition, educational institutions have also moved toward remote learning solutions.

  • Apple Stock Is Up 30% This Year. What's Next?
    Motley Fool

    Apple Stock Is Up 30% This Year. What's Next?

    While work-from-home stocks like Zoom Video and Peloton Interactive may have been getting much of the attention in financial media as the highfliers of the current market rebound, the world's most valuable publicly traded company has been regularly hitting new all-time highs as well. Apple (NASDAQ: AAPL) now has a market capitalization of $1.65 trillion, with shares trading above $380. On the flip side, the stock's strong price action may have attracted some new investors who are wondering whether there's still upside ahead for the tech giant.

  • Better Buy: Shopify vs. MercadoLibre
    Motley Fool

    Better Buy: Shopify vs. MercadoLibre

    MercadoLibre (NASDAQ: MELI), the leading e-commerce player serving Latin America, has seen its stock climb more than 75% since the beginning of the year, trouncing the S&P 500. Let's compare both companies in terms of their growth, addressable market, financial stability, leadership, and valuation to pick a winner. Over the last several years, Shopify's growth has been slowing as it gets larger, but it still posts impressive year-over-year gains in the 40%-plus range.

  • 2 Stock Bubbles That Could Pop in the Next Market Crash
    Motley Fool

    2 Stock Bubbles That Could Pop in the Next Market Crash

    The Nasdaq hitting a record high in July is just the exclamation point on top of it all, reminding investors that many stock prices are out of control. Below are two stocks that at this point are bubbles and could be ready to pop the next time there's a market crash. Shares of virtual care provider Teladoc (NYSE: TDOC) are soaring this year as people are staying home amid the pandemic and looking for ways to minimize their exposure to COVID-19.

  • $3,000 Invested in These 3 Top Stocks Could Make You Rich in 10 Years
    Motley Fool

    $3,000 Invested in These 3 Top Stocks Could Make You Rich in 10 Years

    Beaten-down stock prices aren't the only measure of a bargain stock. Long-term prospects can be a great barometer of future success.

  • TikTok Gets an Amazon-Sized Scare
    Bloomberg

    TikTok Gets an Amazon-Sized Scare

    (Bloomberg Opinion) -- What was a turbulent enough week for TikTok turned downright bizarre on Friday.Already, Secretary of State Mike Pompeo had warned that the Trump administration was looking at banning the short-video platform owned by Beijing-based parent ByteDance Ltd. over data-privacy concerns, and President Donald Trump himself said he was considering banning TikTok as one way to retaliate against China over the coronavirus. Then things got worse when Amazon.com Inc. on Friday sent an email to employees telling them to delete the TikTok app from mobile devices they use to access company email, citing “security risks.”The bizarre part happened just hours after that, when Amazon issued a statement saying the it had sent the email to its employees “in error” and there was no change in their policies toward TikTok. All clear? Not quite. For soon after Amazon corrected the record on its TikTok policy, Wells Fargo & Co. confirmed a report from the Information that the bank had told employees to delete the app from work phones because of “concerns about TikTok’s privacy and security controls and practices.”For sure, the company dodged a bullet when it comes to Amazon. But it is unknown whether the e-commerce giant intends to resend a similar email on TikTok policy in the future; clearly, someone drafted something. And the government threats remain. Not only that: The prospect of a potential ban has brought widespread anxiety to the TikTok community. In recent days, many creators posted tearful “goodbye” videos, with some asking their viewers to follow their accounts on other platforms such as YouTube and Instagram. What has been a slow boil of troublesome developments risks cascading into a full-blown public relations crisis. Whether or not the security concerns are justified or the motivations political, TikTok can and should do a lot more to address them and take more control of the narrative. TikTok’s responses, thus far, have been low-key. The company has said it keeps its user data in the U.S. with backups in Singapore and has never provided data to the Chinese government. On Friday, in response to the initial Amazon news, it said in a statement that “user security is of the utmost importance” to TikTok, adding it hadn’t heard from Amazon about its concerns and looks forward to a “dialogue so we can address any issues” the tech giant may have. A more proactive response is in order, and here are some things TikTok can do. First, statements aren’t enough. Where is TikTok’s CEO? Earlier this year, ByteDance hired former Walt Disney Co. executive Kevin Mayer to head up TikTok. You’d think the veteran media executive would be the perfect ambassador to help tamp down concerns. He needs to get out there and explain TikTok’s side of the story, whether in interviews to print press or on TV. He should know the basics of crisis management and PR strategy, following his long tenure in the upper ranks of a U.S. entertainment giant.Second, the Wall Street Journal on Thursday said ByteDance was considering making changes to its corporate structure, including the creation of a new management board for TikTok or designating a new headquarters for the company outside of China. While it won’t make a huge difference as TikTok will be still owned by the China-based ByteDance, both are easy, low-hanging-fruit-type moves that would at least give the appearance of more autonomy. They should go ahead and announce the changes as soon as possible. It also wouldn’t hurt to remind the public of TikTok’s growing U.S. workforce.And finally, TikTok needs to forcefully defend itself against the Trump administration’s conjecture and allegations. Yes, it’s a bit of a tricky situation as any pushback can backfire if not done tactfully, but the company can’t afford not to respond. Further, it should hire an external, independent consulting firm to do a full security audit. Anything to assuage the security and privacy concerns would help as the pressure isn’t going away. Late Friday, Fox Business’s Charlie Gasparino reported the White House is looking at using the Committee on Foreign Investment review as possible way to ban TikTok by saying its prior acquisition of Musical.ly was illegal. ByteDance has been under review by the interagency committee in the U.S. for its 2017 purchase of the lip-synching startup.In many ways, TikTok’s situation is similar to the public relations frenzy over Zoom Video Communications Inc. in early April. At the time, the video-conferencing company — whose service had seen an unprecedented surge from business customers and other entities looking to connect under lockdown — faced an avalanche of scrutiny over its security and privacy practices, including its use of Chinese servers. In response, CEO Eric Yuan proactively made himself available for numerous media interviews and helped restore his company’s reputation. He conducted weekly webinars, hired security experts and did whatever it took to educate the public that fears concerning his company’s products were overblown and that Zoom had taken concrete steps to address the issues. The strategy appears to have worked, as Zoom has managed to both retain customers and attract more to its platform.TikTok should take note and do the same. Hunkering down and doing the bare minimum is not a great strategy.(The third paragraph of this column was updated to include information about Wells Fargo’s ban of the TikTok app on its employees’ work phones.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 1 Reason I’ll Never Sell Garmin
    Motley Fool

    1 Reason I’ll Never Sell Garmin

    Having a great balance sheet isn't the only reason to buy a stock, but it's a good place to start. Garmin (NASDAQ: GRMN), which makes high-tech outdoor recreation devices, has such a balance sheet. It is debt-free, with $2.6 billion in cash and marketable securities as of the end of the most recent quarter.

  • 3 Things Wells Fargo Stock Bulls Need to Happen Soon
    Motley Fool

    3 Things Wells Fargo Stock Bulls Need to Happen Soon

    The beleaguered banking giant has had a tough time lately. Here's what it needs to catch a break.

  • 3 Dividend-Paying Tech Stocks to Buy Right Now
    Motley Fool

    3 Dividend-Paying Tech Stocks to Buy Right Now

    Investing in these diverse technology companies will allow you to benefit from hot trends while getting paid along the way.

  • 3 Top U.S. Stocks to Buy in July
    Motley Fool

    3 Top U.S. Stocks to Buy in July

    FedEx (NYSE: FDX), Lululemon (NASDAQ: LULU), and Intel (NASDAQ: INTC) are all quietly making moves that set them up nicely for the future. Interestingly, FedEx and Lululemon have been able to adapt to COVID-19 realities and increase business, while Intel works behind the scenes to deliver advanced technology today. In 2019, FedEx cut ties with Amazon (NASDAQ: AMZN), causing many on Wall Street to shake their heads.

  • Is Discover Financial Services a Buy?
    Motley Fool

    Is Discover Financial Services a Buy?

    Discover Financial Services (NYSE: DFS) is a credit card company, but it's also an online bank with about $112 billion in assets. Discover is a payment processor as well, but unlike Visa and Mastercard, it is also a lender, loaning money through its own bank.

  • Amazon email telling staff to delete TikTok app was 'sent in error'
    Sky News

    Amazon email telling staff to delete TikTok app was 'sent in error'

    Amazon has said it mistakenly sent an email to employees telling them to delete the popular video app TikTok from their phones. Amazon had told employees to delete the popular video app from phones on which they use Amazon email, citing "security risks" from the China-owned service. "The TikTok app is no longer permitted on mobile devices that access Amazon email," the notice read, which was sent on Friday, according to an employee who is not authorised to speak publicly.

  • Wells Fargo Tells Workers to Remove TikTok App From Work Phones
    Bloomberg

    Wells Fargo Tells Workers to Remove TikTok App From Work Phones

    (Bloomberg) -- Wells Fargo & Co. said it asked employees to remove TikTok from their work phones due to concerns about the security of the social-video app.“We have identified a small number of Wells Fargo employees with corporate-owned devices who had installed the TikTok application on their device,” a spokesman for the bank wrote in an emailed statement on Friday. “Due to concerns about TikTok’s privacy and security controls and practices, and because corporate-owned devices should be used for company business only, we have directed those employees to remove the app from their devices.”U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance Ltd. Secretary of State Mike Pompeo recently told Americans not to download the app unless they want to see their private information fall into “the hands of the Chinese Communist Party.”Read more: Trump Says He’s Considering a Ban on TikTok in the U.S.TikTok has repeatedly denied allegations that it poses a threat to U.S. national security. “User security is of the utmost importance to TikTok – we are fully committed to respecting the privacy of our users,” a TikTok spokesperson wrote in an email.Earlier on Friday, Amazon.com Inc. also told employees to delete TikTok from mobile devices they use to access company email, but the e-commerce giant later said that was a mistake. The Information reported Well Fargo’s decision earlier.Read more: TikTok Mulls Changes to Business to Distance Itself From ChinaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Amazon’s Kuiper Satellite Plan Wins Backing of FCC Chair
    Bloomberg

    Amazon’s Kuiper Satellite Plan Wins Backing of FCC Chair

    (Bloomberg) -- Amazon.com’s plan for a fleet of 3,236 communications satellites won the backing of the U.S. Federal Communications Commission chairman, who said he had asked fellow commissioners to approve the venture.“Satellite constellations like this aim to provide high-speed broadband service to consumers in the U.S. and around the world,” Ajit Pai said in a tweet on Friday. Pai added that he had called for conditions on the proposed service by Amazon subsidiary Kuiper Systems without specifying them.Pai’s request is likely to result in approval in closed-door voting at the agency, where he leads a Republican majority.Amazon founder Jeff Bezos wants to launch the small satellites in low orbits to provide internet coverage. Separately, Space Exploration Technologies Corp., or SpaceX, has launched more than 480 of a planned 12,000 satellites; in October 2019, the company founded by Elon Musk sought permission for 30,000 more.The FCC coordinates coordinates trajectories and radio-frequency use.Amazon last year called Kuiper “a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet.”“There are still too many communities where internet access is unreliable or prohibitively expensive” and Project Kuiper will help close that gap, Dave Limp, Amazon senior vice president for devices and services, said in an emailed message. “We appreciate that Chairman Pai shares our commitment to the issue.”(Updates with comment from Amazon in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    LinkedIn Sued for Spying on Users With Apple Device Apps

    (Bloomberg) -- Microsoft Corp.’s LinkedIn programmed its iPhone and iPad applications to divert sensitive information without users’ knowledge, according to a class-action lawsuit.The apps use Apple’s Universal Clipboard to read and siphon the data, and can draw information from other Apple devices, according to the complaint filed Friday in San Francisco federal court. The privacy violations were exposed by Apple and independent program developers, according to the suit.Developers and testers of Apple’s most recent mobile operating system, iOS 14, found LinkedIn’s application was secretly reading users’ clipboards “a lot,” according to the complaint. “Constantly, even.” Apple’s clipboard often contains sensitive information users cut or copy to paste, including photos, texts, emails or medical records.“LinkedIn has not only been spying on its users, it has been spying on their nearby computers and other devices, and it has been circumventing” Apple’s clipboard timeout, which removes the information after 120 seconds, according to the suit.LinkedIn spokesman Greg Snapper said the company is reviewing the lawsuit. Erran Berger, head of engineering at LinkedIn, said in a July 2 tweet that the company had traced the problem to a code path that performs an “equality check” between contents on the clipboard and typed text. “We don’t store or transmit the clipboard contents,” he added.The lawsuit was filed on behalf of Adam Bauer of New York City, who says he routinely used the LinkedIn App on his iPhone and iPad.The suit seeks to represent a class of users based on alleged violations of federal and California privacy laws and a breach of contract claim.LinkedIn’s information collecting was reported earlier this month by outlets including the Verge and Forbes.The case is Bauer v. LinkedIn Corp., 20-cv-04599, U.S. District Court, Northern District of California (San Francisco).(Updates with LinkedIn spokesman in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • LinkedIn sued over allegation it secretly reads Apple users' clipboard content
    Reuters

    LinkedIn sued over allegation it secretly reads Apple users' clipboard content

    According to Apple's website, Universal Clipboard allows users to copy text, images, photos, and videos on one Apple device and then paste the content onto another Apple device. According to the lawsuit filed in San Francisco federal court by Adam Bauer, LinkedIn reads the Clipboard information without notifying the user.

  • Bloomberg

    Homes Can Shelter India’s China Dream After Covid

    (Bloomberg Opinion) -- India quite literally needs to put a roof over its China dream.It took a pandemic and a lockdown to highlight the precarious existence of the country’s blue-collar workers. Left without jobs and shelter, an estimated 30 million — roughly a fifth of the urban labor force — have gone back to their villages, with many completing long, hazardous journeys on foot when trains and buses shut down.No wonder, then, that Prime Minister Narendra Modi’s government cleared a plan this week to build inexpensive rental dwellings in cities for 350,000 workers.Giving rural migrants an incentive to return is crucial to restoring economic activity to pre-Covid levels. But there’s an opportunity here to do much more. For India to industrialize, rethinking the housing situation will be as important as freeing the urban poor from large medical bills and helping them build retirement savings. If the country of 1.3 billion people wants to be a factory to the world — the next China — it must start by giving workers low-cost living quarters.India is sitting on an inventory of more than 1.3 million unsold homes. Mumbai-based property researcher Liases Foras estimates that roughly half of these units could face delays and other execution risk; prices on nearly nine out of 10 apartments may have to be cut by 5% to 15% to hook wary buyers. That’s billions of dollars in lost revenue.It may not be possible to repurpose this stock as worker accommodation. Nevertheless, as losses on pricey condominiums crystallize for struggling developers and stretched financiers, they can be made more bearable by tax breaks, cheap government land and other fiscal support for affordable rental housing — a new revenue stream. Assured of a decent rental yield, investors will be encouraged to finance this new asset class. Institutional capital will return to depressed real estate. Construction will absorb surplus manpower and create badly needed wage income. Cheap urban rents will bring India the full benefit of labor mobility, which isn’t constrained by Chinese-style hukou, or city registration requirements. Yet the rapid urbanization that turned East Asia into an exporting powerhouse and created a foundation for mass consumption has eluded the country. Young men migrate to cities for economic reasons, and return to their villages in old age. Apart from cultural factors, availability and cost of housing is the main reason why women and children stay behind, making urbanization in India both slow and rather “masculine,” as economist Chinmay Tumbe, who has studied migration trends since the 1870s, has put it.While the gender ratio of large cities is no longer as skewed as it was in the early 20th century — 500 to 600 women for 1,000 men — it’s still a lopsided 868 in Delhi. For Surat, a major diamond-cutting and textile center on India’s western coast, the ratio is even more unbalanced at 756. Surat is still an exception in that it has a lot of manufacturing. A peculiar facet of rural-urban migration in India, according to Tumbe, is that most of the workers end up in service-industry jobs. Creaky infrastructure, infuriating red tape, occasionally overvalued currency and lack of meaningful free-trade arrangements have held back the share of manufacturing in the economy to 16% — a modest rise from 5% in 1901. Back then, British colonialists had kept India under-industrialized so they could sell their wares in a market that produced little of its own. Now, it’s a small urban elite — whose own ancestors left villages a long time ago — that’s keeping new migrants employed as chauffeurs, housemaids, condominium security and ATM guards.The economy is geared to satisfy the top 150 million earners, as Rathin Roy, until recently the director at the New Delhi-based National Institute of Public Finance and Policy, has argued. This depresses the wages that would be generated by becoming good at making what the next 300 million want. In the absence of broad-based income growth, consumers boosted spending by borrowing. When they eventually started to deleverage last year, India faced an acute demand funk, even for 7-cent munchies.Since then, Covid-19 hasn’t been the only wake-up call. Rapidly deteriorating U.S.-China relations portend sweeping changes in global supply chains, but even in its own neighborhood, India isn’t competitive in manufacturing. A once-in-a-generation opportunity could slip out of its grasp. At a furniture store in Ho Chi Minh City some years ago, I saw colorful satin-upholstered sofas whose sides were drab black polyester. This, I was told, was because the sides would take dirt from motorbike tires and must be easy to clean: A Vietnamese family would park the two-wheeler, its most precious possession, next to the living-room furniture to keep it safe at night. Societies that value and make things that workers themselves use lift living standards and labor productivity. No wonder Vietnam, now a hub for Samsung Electronics Co., is winning investments from Inventec Corp., Apple Inc.’s main assembly partner for AirPods, as well as Hon Hai Precision Industry Co., better known as Foxconn.India must also make more shoes, clothes and toys. To create a permanent urban workforce that will both produce and consume those wage goods, it should also build millions of new homes.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dow Jones Futures: In This Coronavirus Stock Market Rally, Go APE; Apple, Amazon, Tesla, Netflix In Focus
    Investor's Business Daily

    Dow Jones Futures: In This Coronavirus Stock Market Rally, Go APE; Apple, Amazon, Tesla, Netflix In Focus

    The coronavirus stock market rally is going great, with big-cap techs soaring. Here's what investors need to do now.

  • The Week In Cannabis: Stocks In Green, FDA's CBD Report, Amazon's AWS, KushCo's Earnings
    Benzinga

    The Week In Cannabis: Stocks In Green, FDA's CBD Report, Amazon's AWS, KushCo's Earnings

    This week started with some good news out of Amazon.com, Inc. (NASDAQ: AMZN), which included a cannabis company in its AWS Data Exchange, a marketplace for data run by Amazon Web Services, for the first time ever. The company, Enlighten Dispensary Solutions, offers marketing solutions to marijuana businesses.The U.S. Food and Drug Administration outlined its approach to studying the current CBD marketplace. The federal agency penned a report titled, "Sampling Study of the Current Cannabidiol Marketplace to Determine the Extent That Products are Mislabeled or Adulterated." The document was sent to the U.S. House Committee on Appropriations and the U.S. Senate Committee on Appropriations on Thursday.The report is the FDA's answer to a "Joint Explanatory Statement" included in the "Further Consolidated Appropriations Act, 2020" which stipulated mandatory testing requirements."The FDA is further directed to perform a sampling study of the current CBD marketplace to determine the extent to which products are mislabeled or adulterated and report to the Committees within 180 days of enactment of this Act," the paper published on Dec. 20, 2019 read.The new report includes a plan for a long-term sampling study, a summary of sample testing from past years, a description of the methodology, and preliminary results from a smaller 2020 near-term sampling study.Read our full take on what this means here.Financial technology company AeroPay introduced a new suite of digital payment solutions for cannabis businesses. The tech enables digital payments by utilizing so-called "smart bank transfers" and allows business-to-business (B2B) and customers-to-business (C2B) transfers.Psychedelics company Synthesis Institute raised $2.75 million in a seed funding round led by Novamind Ventures.CannaGlobal, Sansero Life Sciences, and Rise Wellness announced a merger to create a CannaGlobal Wellness, a new company focused on psilocybin wellness and research.Psychedelic and nutraceutical brand Cybin Corp. and drug delivery company IntelGenx partnered to develop oral dissolving film for psilocybin consumption.Village Farms International Inc.(NASDAQ: VFF) (TSX: VFF) purchased a stake in DutchCanGrow Inc. (DCG). The Vancouver-based company has become one of six equal shareholders in The Netherlands-based cannabis company.Cookies, the cannabis brand launched by rap artist Berner, teamed up with music legend Rick Ross to introduce the strain Collins Ave.Cannabis micropropagation company Conception Nurseries closed a $12 million Series A funding round led by Viridian Capital Advisors.KushCo Holdings Inc.(OTC: KSHB) reported its net revenue continued to decline in the third quarter to $22.3 million. Following a year-over-year revenue drop of 14%, which the company recorded in the previous quarter, its third-quarter revenue was down by 46% compared to the same period last year.KushCo said the revenue dip could be attributed to the company's cost-cutting initiatives, which are a part of its 2020 plan, as well as a decline in sales of vape and natural products.Nick Kovacevich, KushCo's co-founder and CEO, said the third quarter of this fiscal year "was a successful transition quarter for KushCo, demonstrating the execution of our strategy to accelerate our path to positive adjusted EBITDA."Commenting on the results, Debra Borchardt, Editor-in-Chief of Green Market Report, told Benzinga, "KushCo took a bold move in deciding to cut ties with small customers who were less financially stable. While it hurt in the short run as revenues fell 46%, longer-term it was probably best to rip off the Band-Aid. Chasing down those small customers to pay their bills was probably no fun and a waste of resources. It was a brave move."More on this week's results at Benzinga Cannabis' Earnings Center.Stocks were mostly in the green. Over the five trading days of the week: * ETFMG Alternative Harvest ETF (NYSE: MJ): gained 1.3%. * AdvisorShares Pure Cannabis ETF (NYSE: YOLO): rose 2.8%. * Cannabis ETF (NYSE: THCX): rose 2.5%. * Amplify Seymour Cannabis ETF (NYSE: CNBS): ended the week flat. * SPDR S&P 500 ETF Trust (NYSE: SPY) closed the period up 1.7%.Benzinga Cannabis' content is now available in Spanish on El Planteo.Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) finalized two acquisitions in California. The Toronto-based company purchased a retail management company, Crimson & Black, and obtained a 66.67% interest in a North Hollywood cannabis dispensary applicant for a total of $11.5 million.Bushel44, a technology company based out of Portland, Oregon, launched a business management solution created exclusively for the wholesale hemp industry. The Bushel44 platform offers hemp farmers, processors, product manufacturers and distributors with inventory and order management, task management, sales and marketing tools, and much more."After the passing of the Farm Bill in 2018, we felt it was the opportune moment to develop a comprehensive platform specifically for the wholesale hemp supply chain," John Manlove, CEO and founder of Bushel44, told Benzinga. "With so many 'list and hope' marketplaces out there, we knew that the industry desired a more robust solution that not only flattens the supply chain by connecting buyers and sellers directly, but streamlines processes and creates efficiency throughout an entire organization." Exclusive Brands announced a partnership with Platinum and Church Cannabis Co. as it expands its portfolio of brands to better serve Michigan's new recreational market. Exclusive will be the only distributor of Platinum Vapes and Church products for the state of Michigan."We're thrilled to be welcoming Church and Platinum to the growing Exclusive family. Michigan's recreational market is booming and we're excited to be expanding our portfolio of brand partners and product variety with companies that share our values of making clean and safe cannabis accessible to all," a company spokesperson told Benzinga.HempMeds, a subsidiary of Medical Marijuana, Inc (OTC: MJNA), announced that its topical and beauty CBD products are now available for sale at Gelson's Markets throughout Southern California. These products include a topical salve, shampoo, conditioner, body oil, body lotion, body wash, and sunscreen. "Less than a decade ago many mainstream retailers in the U.S. wouldn't even entertain the idea of carrying CBD products in their stores but as we've established safe testing practices and research efforts it has become much more accepted by grocers and other retailers throughout the country to begin with carrying these products," said Raul Elizalde, co-CEO of HempMeds. "Selling our products in Gelson's felt natural as we share a similar vision of providing consumers with the best wellness products on the market."Copperstate Farms appointed Aaron Chamberlin as CEO of its Good Things Coming edibles brand.The U.S Securities and Exchange Commission told High Times it must stop accepting investments in its initial public offering. The company, currently under the helm of CEO Peter Horvath, missed a June 12 deadline to report its audited results.According to securities attorneys Stephen Weiss and Megan Penick of Los Angeles law firm Michelman & Robinson LLP,High Times must make all reports for investors publicly available in order to accept traditional sales. The company chose to extend the date of its IPO from July 30, 2020 to Sept. 30, 2020.Colombian operator Clever Leaves became the first cannabis company in Latin America to get a EU GMP certification for its facility.Top Stories Of The Week Check out the top stories on Benzinga Cannabis this week: * What A Biden Presidency Would Mean For Cannabis Stocks * Music Publicist And Cannabis Advocate Taps 'Tiger King' Producer To Tell Harrowing Tale * Israel-based Together Pharma Snags Permit To Import Cannabis From Uganda * Portland Civic Life Leader To Revamp Cannabis Social Equity, Says Change Is 'Long Overdue' * A Snapshot Of America's Medical Marijuana Markets: Vermont * How Windy City Cannabis Is Breathing New Life Into Chicago's Weed Street * 'Psyched': Military Invests M In Psychedelic Research, Atai Launches DTx Platform, Psilocybin Decriminalization Rejected In IowaTop Spanish stories: * Las Nuevas Estrategias de la Industria del Cannabis para Recaudar Capital * Todo sobre el Proceso de Cultivo de Marihuana * Como Invertir en Energias Renovables: un ETF Ofrece la Respuesta * Entrevista con el Portavoz del Observatorio Europeo del Consumo y Cultivo de Cannabis * Entrevistamos a MKS: el Rapero Mas Cannabico de la Argentina * Despidos Masivos en la Empresa de Cannabis Organigram * Yeezus, el Resurrector: 'las Cosas No Son para lo que Vinieron al Mundo' * Actor de 'The Big Bang Theory' Presenta su Original Cenicero de MarihuanaCheck out these and many other cannabis stories on Benzinga.com/cannabisLead image by Ilona Szentivanyi. Copyright: Benzinga.See more from Benzinga * The Week In Cannabis: Stocks Underperform Broader Market, Bad News For Zynerba, Organigram And More * ESPAÑOL • Cannabis y Noticias de la Semana: Acciones en Rojo, Canopy Growth, Acreage Holdings, Aurora Cannabis, y Más * The Week In Cannabis: Stocks Tumble As Canopy Dominates The News(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.