MADISON, CONN, Jan 20, 2021 (GLOBE NEWSWIRE) – Two years before the end of a ten-year commitment to buy $ 250 billion worth of products in support of American jobs, a new study by Truth Advertising.org (TINAorg) at the world’s largest retailer found that the company is trying to redefine the US-made legal standard of the Federal Trade Commission that is inconsistent with applicable law, based on evidence found as a result of the investigation, the Ad Watchdog filed a complaint with the FTC , in which he called on the agency to put an end to the misleading claims made by Walmart in the US once and for all

The retail giant is aware of troubled American claims. In 2013, Walmart launched its American Jobs initiative, pledging a billions of dollars to invest in products that support American manufacturing. Just two years later in 2015, a TINA investigation by the organization found that the organization’s website Company was littered with misleading claims made in the US and reported its findings to the FTC.The agency closed its investigation after receiving assurances from Walmart that it was cleaning up all false and misleading claims made in the US on its website and instituting procedures had to flag future misrepresentations

Now Walmart is getting bolder and trying to redefine the MUSA standard as a whole. The company’s “Made in America” advertising campaign has been broadcast on national television, promoted on social media and on the America At Work landing page on its website presented This means that “made in America” ​​means “produced” Grown, “Assembled”, or “sourced” in the US This definition is much broader than that of the FTC, which states that products made in the US or America are “all or virtually all” made in the US, which means that they contain no or negligible foreign content

In addition, consumers who use the “Shop Now, American-Made Products” item at Walmart can click the com “link on the landing page to go to another page that has roughly 2000 products are listed that are – presumably – American-made. However, TINA’s investigation by org found that some of them, from foot cream to bath towels, do not meet the unqualified FTC standards of the USA

“Walmart’s history of misleading Made in USA marketing claims on its website now spans more than five years and is reinforced by the current need and desire of consumers to shop online during the global pandemic,” said TINABonnie Patten , Organization Director “As the largest retailer in the world, the company’s continued failure to resolve these issues cannot of course be related to a lack of resources or sophistication”

Interest in US-made products has only grown since Walmart launched its American employment initiative, particularly during the pandemic that raised consumer concerns about the supply chain and country of origin, based on its own data, claims Walmart that “Made in USA is a strong driver of purchasing decisions – only second after price” and that “85% of mothers said it was important for a retailer to sell” Made in USA “products” and the new one Government in Biden proposes a $ 700 billion “Buy American” campaign, rest assured that Walmart will continue to promote products that it says are American-made, whether or not Case is or not

To learn more about TINA’s org investigation into Walmart’s misleading marketing in the US, see: wwwtruth advertisingorg / tina-org-brings-walmarts-deceptively-made-in-usa-claims-again-to-ftc /

TINAorg is a not-for-profit organization that uses investigative journalism, education, and advocacy to empower consumers to protect themselves from false advertising and misleading marketing

(Bloomberg) – Joe Biden will cancel the Keystone XL oil pipeline hours after taking office on Wednesday, once again ending a cross-border project that received four-year redress under Republican predecessor Donald Trump in one of his first major environmental drives, Biden will become TC Energy Corp revoke pipeline approval on executive order as it does not serve the U.S. national interest ”, according to the fact sheet of his transition team. The move closes the circle of Keystone’s fate and repeats President Barack Obama’s 2015 decision to prevent the pipeline from crossing the line. Trump returned this in 2017 on his fourth full day in office the objection from environmental groups umTC Energy said it was “disappointed” and would cease work on the project, which would result in the layoff of thousands of workers. The decision nullifies “an unprecedented, comprehensive regulatory process that has lasted and repeated over a decade concluded that the pipeline would transport much-needed energy in an environmentally conscious manner, “said the Calgary-based company. TC Energy shares cut their losses after initially trading at $ 56 on the news, down 1% Environmentalists expect the recent rejection g continues – more than a dozen years after the pipeline was first proposed – they argue that the project would provide sales for heavy Canadian oil sands crude, which is produced in Alberta through particularly energy-intensive processes that add to the carbon footprint, “The Stopping the dirty and dangerous Keystone XL tar sands pipeline immediately and once and for all would be an important first step and evidence of leading the diverse grassroots movement that has long sought to stop it and other harmful pipelines, “he told Tiernan Sittenfeld Biden, Senior Vice President of the League of Conservation Voters, promised to take action on the campaign, but his formal move still sparked outrage from oil industry leaders, some Canadian interests and unions that support the project. “The Biden government has decided to on the first day the votes of fringe activists instead of union members and the a American consumers, “the United Association of Union Plumbers and Pipefitters said in an email statement based on pre-action news reportsConstruction of the Keystone XL began last year, making the leap with a $ 1 billion provincial investment Alberta Entire segments of the line including one that intersects at U-Canadian border, already built TC Energy has been working to make the project more palatable for a democratic government Last August, it signed working agreements with four major pipeline unions, sold a stake in the line to indigenous communities along the route, and promised to run it entirely on renewable energy, yet Keystone XL has been a lightning rod for controversy and a litmus test for environmental protection, for almost since it was first proposed in 2005The 897-kilometer segment is set to carry oil from Alberta via Montana, South Dakota and Nebraska, and then connect to an existing network that supplies crude oil to the Gulf Coast. The line would go up to 830Transporting 000 barrels of oil per day Opponents argue that this will stimulate oil sands development and contribute to climate change Years ago, proponents of the controversial crude oil pipeline argued that more of Canada’s cheaper, heavier crude would help fuel producers in the U.S. The Gulf Coast is weaning off supplies from countries like Venezuela or the conflict-ridden Middle East, but refineries in Texas and Louisiana have become increasingly flexible and use more light oil from shale fields, as well as the price advantage of Canadian crude oil has diminished, and imports from the country have decreased in roughly a decade doubled and has grown steadily to more than 3.5 million barrels a day without Keystone XL “It’s not a problem for refineries,” said Robert Campbell, director of oil product research at Energy Aspects Ltd “You can switch to the domestic light The damage would be with the oil sands producers” Alberta Prime Minister Jason Kenney on Tuesday urged Canadian Prime Minister Justin Trudeau to take steps to save the permit, saying its revocation “would the Canadian U damage S. bilateral relationship “Keystone XL was one of only a handful of energy and mining projects that Biden spoke out against during the campaign. Environmentalists, encouraged by his move to Keystone, are already pressuring him to revoke a critical permit that enables Energy Transfer LP’s Dakota Access oil pipeline to continue operating; and action against Enbridge Inc Plan to Replace and Expand Aging Pipeline on Line 3 from Alberta to Superior, Wisconsin From the Archives – Why the Keystone Project is Controversial: QuickTake “It’s exciting news,” said Dallas Goldtooth, organizer of the Indigenous Environmental Network. What are you doing now with Line 3 and the Dakota Access Pipeline? We’re happy, but we want to see what’s next ”(updates with TC Energy response and approvals from fourth paragraph) For more articles like this, please visit us on BloombergcomSubscribe now to stay one step ahead with the most trusted business news source have © 2021 Bloomberg LP

This year has already started with a bang, and with a “blue wave” sweeping across the United States, three industries could be poised to explode

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Shares in Obalon Therapeutics Inc After the weight loss technology company entered into a merger agreement with weight loss solutions company ReShape Lifesciences Inc Obalon’s shares rose 4016% toward the highest closing price since July 2019, while trading volume rose to 2503 million shares, compared to the daily average of around 626000 shares The stock was the biggest winner and most active on Major U.S. Exchange ReShape shares, currently traded over the counter, rose 564%. Upon completion of the merger, ReShape shareholders will own 51% of the combined company and the company will become Reshape Lifesciences Inc Renamed and traded on the Nasdaq under the symbol “RSLS” “We are excited to have this opportunity to add Obalon’s FDA-cleared balloon system to ReShape’s line of minimally invasive weight loss solutions while expanding our market reach,” said Bart Bandy, Chief Executive of ReShape Obalon’s shares have now shot 7499% over the past three months, while the S&P 500 is up 117%
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Tesla Motors began delivering its Model S to customers in June 2012The car changed the face of electric vehicles and helped make Tesla one of the most recognizable brands and stocks in the world. The stock or the car? In June 2012, the 300-mile version of the Tesla Model S was sold for 77Sold $ 400 If a customer had decided to invest in Tesla Inc (NASDAQ: TSLA) at this point – the company, not the physical car – they’d likely be very happy with the result.Related Link: 5 Things That Do You May Not Know About Elon Musk In June 2012, Tesla’s stock opened at a split-adjusted price of $ 6796, an investment of 77400 USD would be for 11389 Tesla Shares Have Been Well Holding on to these stocks for the next eight or more years would give a customer the opportunity to buy many Tesla cars389 Tesla shares as of January 9409$ 13615Many Tesla Car Owners Have Also Invested in the Company Investments in the company over the years have made Tesla car owners millionaires TSLA price action: Tesla shares closed the session on Tuesday 223% at $ 84455 courtesy photo by TeslaSee More From Benzinga * Click Here For Benzinga Option Deals * Investors Want A Chamath Palihapitiya ETF And They Might Get It Soon * Short Seller Andrew Left Get Angry At Soda, Says Company Is Lying To Shareholders (C) 2021 Benzingacom Benzinga Does Not Offer Investment Advice to All rights reserved

Leon Cooperman says the stock market will likely struggle to deliver the goods for investors betting on continuing the bull run

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According to Kerrisdale Capital, which revealed a short position, Plug Power’s nearly $ 40 billion valuation is not justified

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Nio shares rose after the Chinese EV maker unveiled its first long battery life electric car in January, but is the stock a buy now?

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Alibaba Group’s founder Jack Ma made his first public appearance since October on Wednesday when he videotaped a group of teachers to ease concerns over his unusual absence from the spotlight and share the E -Commerce Giants Soaring Speculation about Ma’s whereabouts got around in the wake of news this month that he was replaced on the final episode of a reality TV show he was a judge and that Beijing put regulatory pressure on its sprawling business empire, the billionaire who commands cultic awe in China, hadn’t appeared publicly since October 24 when he blew up China’s regulatory system in a speech at a Shanghai forum

Luminar Technologies (LAZR) went public in early December through a SPAC merger with Gores Metropoulos, and initially, few Wall Street analysts reported on the stock. Fast forward to mid-January and the lidar maker is a buzzing name has quickly amassed a growing list of investment firms keeping an eye on his progress. The last to join the fight is RF. Jaime Perez of Lafferty the analyst ran coverage of Luminar shares with a buy rating and a target price of $ 38 an investor could pocket gains of 27% if Perez’s thesis were to carry this out over the next 12 months (To see Perez’s track record, click here) What does Perez like about Luminar? For one, leading OEMs like Volvo and Daimler will be integrating Luminar’s LIDAR technology into their next-generation vehicles starting next year.Second, while Luminar estimates its current TAM (total addressable market) is less than $ 5 billion, it could be worth more than 150 billion US dollars by 2030 “Assuming a vehicle penetration rate of ~ 4%”, says Perez, “Luminar assumes that by 2030 sales will reach approx 5 billion Perez believes the company’s revenue streams will be visible by 2025 based on the US dollar 1, the company has already posted 3 billion customer backlogs on its two main lidar products, The Hydra Lidar Sensors are tailored to commercial vehicles, can detect objects at a distance of up to 500 meters and expand the driver’s peripheral vision, so that “truckers can see objects that are normally in their blind spots” On the self-driving side is the driverless load system -Mile vans and vehicles moving back and forth between terminals are vital and can reduce logistics costs by 25% to 30% The second major lidar product is the Iris, which is suitable for the passenger car market and can be seamlessly integrated into the roof of the car. Perez counts several advantages of using lidar in passenger cars, including “proactive safety, better accident prevention, improved support for the Drivers braking, helping them stay in lane and improving visibility in bad weather. “Most importantly,” said Perez, “LIDAR technology could help reduce the number of vehicle-related deaths”Now let’s turn to the rest of the street where Luminar has 4 additional buy ratings and 1 hold, all of which results in a strong buy consensus rating. At $ 37 2, the average price target is expected to deliver ~ 25% return over the next 12 months (See LAZR stock analysis on TipRanks) To find great ideas for trading stocks at attractive ratings, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all insights into TipRanks’ stocks Disclaimer: The opinions expressed in this article are those of the featured analyst only The content is intended for informational purposes only. It is very important that you do your own analysis before making any investment

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FuelCell Energy (NASDAQ: FCEL) will be launched on Thursday, Jan. January, publish its next earnings round. For all the relevant information, here is your guide to earnings announcement for the fourth quarter on Thursday What are earnings, net earnings and earnings per share? Earnings and earnings per share are useful metrics for profitability Total earnings, also known as net income, is equal to total sales minus total costs Dividing net earnings by the total number of shares in issue gives EPS earnings and sales Based on the forecasts made by FuelCell Energy management, analysts forecast one Earnings per share of $ 0.04 on sales of $ 1705 million In the same quarter last year, FuelCell Energy posted a loss per share of $ 012 on sales of $ 1104 million. What Are Analyst Estimates and Earnings Surprises, and Why Are They Important? Analysts covering this company publish quarterly forward-looking estimates of sales and earnings per share The averaging of all EPS and sales forecasts that each analyst makes for a company in a quarter results in the “consensus estimates” “A company that has earnings or earnings Achieved above or below consensus estimate is known as an “earnings surprise” and can move the stock materiallyView more revenue on FCELWall Street estimate would represent a 66% increase in company earnings Revenue would increase 54% compared to the same period last year For analyst estimates in the past, the EPS of the company stacks up as follows: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS estimate -006 -007 -008 -011 EPS actual -007 -007 -020 -012 Sales estimate 1605 M 1555 M 1491 M 1151 M sales actually 1873 M 1888 M 1626 M 1104 million FuelCell Energy stock performance shares traded at $ 18125 as of Jan. January Shares are up 884% over the past 52 weeks Given these returns are generally positive, long-term shareholders are likely happy with this earnings release, don’t be surprised to see the stock move on comments made during the conference call FuelCell Energy is expected to put the call on hold at 10:00:00 AM ET and can be found hereMore Info From Benzinga * Click here to learn about Benzinga’s options trading * Understanding FuelCell Energy’s unusual option activity * 12 industrials move in the intraday session on Friday (C) 2021 Benzingacom Benzinga does not offer investment advice All rights reserved

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The Ford Motor Company (NYSE: F) has to recall 3 million vehicles due to defective airbags, according to the National Highway Traffic Safety Administration, Reuters reported on Tuesday What happened: According to Reuters, the federal regulator rejected the petitions from Ford and Mazda Motor Corporation (OTC: MZDAY), which aimed to avoid the recall of the dangerous Takata airbags, the agency said on its website that 2006 Ford Ranger and Mazda B-series vehicles are at a far greater risk of airbags exploding due to vehicle occupants “These vehicles can and should be repaired immediately,” said regulators Ford said Tuesday that the affected vehicles have undergone an earlier passenger airbag recall, according to Reuters. See also: GM To Recall 59 Million Vehicles Over Defective Airbags when NHTSA rejects the petition Why it matters: Affected Its vehicles include Ford Ranger, Fusion, Edge, Lincoln, Zephyr / MKZ, Mercury Milan and Lincoln MKX, according to Reuters. The defect has led to the largest automobile recall in US History – Need to overhaul 67 million airbagsThe inflators have reportedly killed at least 27 people around the world and 18 in the United States, and caused over 400 injuries. Ford must provide NHTSA with a “proposed schedule for notifying vehicle owners and launching.” Filed an appeal “within 30 days, according to Reuters. Last week, Tesla Inc (NASDAQ: TSLA) was asked by the regulator to suspend 158000 Model S, X vehicles to be recalled due to defective touchscreensPrice action: Ford shares closed nearly 19% higher on Tuesday at $ 10.02, gaining 1% in the after-hour sessionMore information from Benzinga * Click here for options to trade with Benzinga display * Self-driving vehicles can now be manufactured without steering wheels according to the new NHTSA rules * Tesla Model 3 was the UK’s best-selling battery EV in 2020 (C) 2021 Benzinga com Benzinga does not offer investment advice All rights reserved

USA

World News – FI – Walmart Still Marketing Misleading Marketing Made in USA

Source: https://finance.yahoo.com/news/walmart-still-deceptively-marketing-made-153800458.html