Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

Altria stock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

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Modi government’s 2nd term: Where to invest in stock market now?

The return of Narendra Modi as Prime Minister has pumped adrenaline into the stock market. As it became clear on Thursday that the BJP will get a clear majority, the benchmark indices created history: the Sensex crossed the 40,000 mark and Nifty rose above 12,000. Though both indices retraced from those levels due to profit booking, the formation of a stable government at the Centre is seen as good news. The markets prefer a strong, stable regime without the crutches of coalition because it ensures continuity in economic policies. “Investors…

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What’s the difference between stock and broth?

1. Are stock and broth the same? They seem to be the same, but there are subtle differences between stock and broth not just in taste, texture and preparation method, but in usage too. Read to find out. 2. Stock has more calories than broth Stock has high-calorie content as compared to broth. One cup of chicken broth contains 38 calories, while one cup of chicken stock contains 86 calories. 3. Stock mostly uses bones and veggies, broth uses meat Stock is prepared by boiling bones or cartilage in water…

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10 monsoon foods that you need to stock up on

With the monsoon upon us for the next three months, some food items are best avoidable such as seafood and leafy vegetables. However, the season also brings with it a basket of superfoods that offer a range of health benefits. Here’s a list GREEN TEA It’s best to substitute the sugary, milky chai and switch to green tea during the rainy season. The health benefits of green tea (brain function, fat loss, a lower risk of cancer) are well-documented. This is a great time for you to incorporate it into…

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Apple Could Soon Finally Allow iPhone, iPad Users to Hide Stock Apps

Most iPhone and iPad users, if not all, have a folder on their home screen that reads something like this: “Apple apps,” “junk,” or “useless.” This folder usually contains Apple-made stock apps such as Compass, Calculator, Stocks, Find my iPhone, Voice Memos, Apple Watch, and Weather. For years,Apple has been criticised for not giving users the ability to remove or hide these stock apps, and it appears, the company plans to give its customers some flexibility with the next version of iOS. Folks at AppAdvice looked into the metadata of…

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