Industry
Iron Ore Settles at $50, Keeping up with Declining Demand
Iron ore futures approached $50 a tonne Monday, the lowest it has been in three months, going down almost 10 percent in just two weeks. Reuters reported that the $50 a tonne price is a sign that losses will continue after Dalian futures slumped lower on Tuesday as Chinese steel producers cut output due to the decline in demand of iron ore.
Marijuana entrepreneur prefers marijuana-user salespeople
Usage of marijuana has been doubled over the past years as laws and attitudes toward the drug dramatically transformed. Entrepreneurs of marijuana will choose their ambassadors to be users to relate the benefits of their products to customers.
Chipotle has two years of bad sales growth
For over two years, Chipotle has the worst quarterly sales growth of 12%. Chipotle used to have an outstanding speed when comes to sales growth, but now for four consecutive quarters, its sales growth has been plunging.
P&G sales dive to its lowest in 7 quarters, but profit beats expectations
The strengthening of the US dollar has been hitting Procter & Gamble hard as the company reported its biggest sales drop in seven quarters. The company also cited weak demand especially in the overseas market as the reason behind the low sales performance.