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19.06.26 - 02:51
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More Gunmakers Relocate To GOP States (ZeroHedge)
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More Gunmakers Relocate To GOP States
Authored by Kevin Stocklin via The Epoch Times,
Firearms manufacturers Ruger and Rideout Arsenal are heading south, continuing a trend of firearms companies leaving Democrat-run states.
On June 10, Virginia-based Rideout Arsenal, a firearms designer and manufacturer, announced that it would invest $22 million to build a new manufacturing facility in Thomasville, Georgia. The investment would create 120 new jobs over the next several years, the company said.
"This relocation was not something we originally planned to pursue," Rideout founders Travis and Kelsey Rideout said in a statement.
"The reality is that recent anti-gun legislation in Virginia created a significant uncertainty for our company and ultimately forced us to look for a state where we could continue operating, investing, and growing with confidence."
These moves follow a trend in which firearms manufacturers such as Remington, Winchester, Stag Arms, Magpul, Troy Industries, Smith & Wesson, D...
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18.06.26 - 17:01
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Kroger Falls on Downbeat Forecast; Intel Surges on Apple Deal | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement.
- Smith and Wesson (SWBI) shares are rising this morning. The company had a profit of 36 cents a share on a comparable basis for the latest quarter, and sales of $178.4 million.
- Kroger (KR) shares slid the most intraday since Oct. 2022, after the CFO David Kennerley said that adjusted EPS for the second quarter is expected to be in line with a year ago. (Source: Bloomberg)...
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18.06.26 - 15:06
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Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Jump After Sharp Sell-Off On Fed Rates Pause— Freecast, Smith & Wesson In Focus (UPDATED) (Benzinga)
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(Editor's note: The headline, ETFs and economic data were updated.)
U.S. stock futures rose on Thursday, as the Dow Jones, Nasdaq 100, and S&P 500 indices advanced, following Tuesday's sharp sell-off.
Weekly initial jobless claims edged down by 4,000 to a seasonally adjusted 226,000 for the week ending June 13, keeping layoffs historically low.
Importance Rank:
2
read more...
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