Stock Market

Cannabist, the parent of Columbia Care, to shed workers as part of a plan to save $10 million. 

GameStop Corp.’s stock shed early gains to trade flat on Monday, as investors braced for the company’s annual shareholder meeting which will take place at 11.30 a.m. Eastern after it was delayed by technical issues last week. 

The sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductions,” Deputy Treasury Secretary Wally Adeyemo said. 

Headline index moves up 9.6 points, but only to negative 6 reading 

The company is expected to continue benefiting from the AI boom, which has fueled demand for high-bandwidth memory products 

Profitability from the company’s steel operations “are expected to be meaningfully lower than sequential first-quarter results, based on lower realized pricing offsetting steady shipments,” the company said in a statement. 

Staff in the sportswear company’s Chinese business reportedly took bribes worth €250 million a year. 

Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May. 

Stories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi Arabia spread like wildfire on social media. But the agreement never existed. 

The reader is weighing whether to take RMDs or sidestep them with a Roth conversion