Tobacco





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Why Citigroup Says Gold Could Jump To $2,000 An Ounce

Plus, Moody’s downgraded Ford to junk, China’s Huawei dropped a lawsuit against the U.S., WeWork is moving ahead with its IPO, and Wendy’s is bringing back breakfast.

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Daily Perspective
Tobacco

Why the Two Largest American Tobacco Stocks Plunged on Tuesday

Shares of Altria Group Inc. (MO) and Philip Morris International Inc. (PM) — both of which own Marlboro cigarettes, with the former selling them in the U.S. and the latter selling them internationally — logged sizable losses during Tuesday’s session after the firms announced a potential plan to mitigate falling cigarette sales. Philip Morris — […]

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Daily Perspective
Tobacco

Here’s Why Tobacco Stocks Took a Big Hit on Wednesday

Shares of the world’s largest tobacco companies fell during Wednesday’s session after news broke of a new Food and Drug Administration (FDA) investigation into vaping. Several stocks – including U.S.-based Altria Group Inc. (MO) and U.K.-based Imperial Brands Plc. – fell to more than one-month lows. Tobacco stocks have always been the de facto “black […]

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