Business

Mass shootings can be laid at the NRA's door

Mass shootings can be laid at the NRA's door

ThinkProgress first reported on a number of companies that do business with the NRA last week , almost two dozen of which have now cut ties with the association. The association instead urges greater availability of guns among law-abiding citizens, who could be called on to step in to unsafe situations. That response shows the nuances many companies are dealing with in the current debate over guns.


U.S. stocks open slightly higher, Powell testimony awaited

U.S. stocks open slightly higher, Powell testimony awaited

Technology companies and drugmakers also fell, as they make much of their revenue outside the USA and could be vulnerable if other countries respond with tariffs of their own. The yield on the 10-year Treasury rose to 2.86 percent from 2.81 percent late Thursday. The biggest loss in the S&P 500 came from Foot Locker, which plunged after it said sales trends were weaker last quarter than analysts expected.


Shale Surge Sent US Oil Production to Record High in November

Shale Surge Sent US Oil Production to Record High in November

U.S. West Texas Intermediate crude was down 32 cents, or 0.5 percent, at $62.69 a barrel by 0755 GMT, after falling 90 cents in the previous session. The U.A.E.'s output was 2.85 million barrels a day in January, according to data compiled by Bloomberg. A market tilted toward the supply side eventually pushed the price of crude oil below $30 per barrel and members of the Organization of Petroleum Exporting Countries are working to drain the overhang on the global market through coordinated ...


REI Stops Selling 50 NRA-Linked Brands

REI Stops Selling 50 NRA-Linked Brands

Vista also owns the Savage Arms company. Two separate petitions asking REI to stop carrying Vista's brands had drawn thousands of signatures in a week. An online protest against Mountain Equipment Co-op last weekend was a small one but it quickly led to a big decision: On Thursday, the outdoor-gear retailer cut ties with brands that make water bottles and stand-up paddleboards but are owned by a US company that also sells assault rifles and ammunition.


Wedbush Reiterates $13.00 Price Target for American Outdoor Brands (AOBC)

Wedbush Reiterates $13.00 Price Target for American Outdoor Brands (AOBC)

They noted that the move was a valuation call . Wedbush reiterated an "outperform" rating and issued a $15.00 target price (down previously from $19.50) on shares of American Outdoor Brands in a research note on Tuesday. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . A number of hedge funds and other institutional investors have recently modified their holdings of AOBC.