the nation’s largest chain of specialty hydroponic and organic garden centers, today announced it has signed a lease in Jackson, Mississippi, for the future site of a state-of-the-art GrowGen garden center.
“Additionally, indoor controlled environment agriculture represents an opportunity for Mississippi and the Delta Region to apply vertical gardening for food agriculture.
Currently, GrowGen has 53 stores, which include 8 locations in Colorado, 18 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 7 locations in Michigan, 1 location in Rhode Island, 5 locations in Oklahoma, 2 locations in Oregon, 5 locations in Maine, 1 location in Florida and 1 location in Massachusetts.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission, available at: www.sec.gov, and on our website, at: www.growgeneration.com.
China’s Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, hurt by a dip in sales after selling its budget smartphone unit Honor in November.
SK Hynix, the world’s No.2 memory chip maker, said on Wednesday it will bring forward planned capital spending but warned supply increases from the investment will come only next year, pointing to a prolonged global semiconductor shortage.
New York timeThe Nasdaq 100 fell 0.4%The Dow Jones Industrial Average was little changedThe MSCI Emerging Markets Index was little changedCurrenciesThe Bloomberg Dollar Spot Index rose 0.2%The euro was little changed at $1.2089The British pound was little changed at $1.3906The Japanese yen fell 0.6% to 108.74 per dollarBondsThe yield on 10-year Treasuries advanced six basis points to 1.62%Germany’s 10-year yield was little changed at -0.25%Britain’s 10-year yield advanced two basis points to 0.77%CommoditiesWest Texas Intermediate crude rose 2.1% to $63 a barrelGold futures fell 0.3% to $1,776 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
judge on Monday found that Huawei did not violate a court order by sharing certain information with its chief financial officer, who is using it to help fight her extradition from Canada.
and Wells Fargo all managed to limit or avoid damage, Morgan Stanley was criticized by some investors and analysts for revealing a $911 million loss only during its earnings this month.UBS fell as much as 4% in Zurich trading, leading European bank stocks lower, as investors digested the Archegos impact, which the bank had considered not material enough to disclose earlier.The “Archegos losses have taken the shine of these results,” JPMorgan analysts Kian Abouhossein and Amit Ranjan wrote in a note.The turmoil at cross-town rival Credit Suisse had afforded Hamers a period of relative calm, even as the bank fights a $4.5 billion penalty in France and the new CEO himself saw his short tenure complicated by a Dutch probe into his role in a money-laundering case at his former employer ING Groep NV.UBS booked a $774 million hit from Archegos in the first quarter, driving down revenue from equities trading by 20%.
— Bank of Canada Governor Tiff Macklem said he remains committed to the central bank’s 2% inflation target, even as price pressures are expected to temporarily overshoot that goal.Macklem, in parliamentary testimony on Tuesday, cited the central bank’s long history of hitting that objective, and said he needs to worry about both upside and downside risks to its inflation outlook.The comments come after the Bank of Canada released new forecasts on April 21 that show the biggest persistent overshoot of its 2% target in at least two decades.“What can we do to assure Canadians that we will control inflation? We have a very clear mandate — we have a strong record now of 30 years of inflation targeting and we have consistently realized that objective,” Macklem told the House of Commons finance committee.At the same time, a full recovery will take time time to complete, and that will keep downward pressure on price gains, he said.Last week, Macklem justified his tolerance for above-target inflation by citing the central bank’s decision not to preemptively raise rates until the economy’s recovery from Covid-19 is complete.
It warns in the draft that it could cancel government contracts granted to firms that gain an unfair advantage from such subsidies.European officials are seeking the power to inspect companies’ offices outside of Europe, with the permission of the company and the knowledge of the foreign state, according to the draft.Regulators suggest ways that companies could allay concerns over subsidies, including granting rivals access to infrastructure, licensing on fair terms or publishing research.