Money Minute: CVS Snuffs Out Cigarette Sales; 'House of Cards' Renewed

×

A leading retailer snuffs out cigarettes. CVS Caremark (CVS) says it will stop selling cigarettes and all other tobacco products later this year. The company says selling these products is inconsistent with its role as a health care provider. CVS says the move will cut sales by about $2 billion.

A double-dose of good news for "House of Cards" fans. Netflix (NFLX) has renewed the Emmy nominated political thriller for a third season. Netflix releases all 13 episodes of the second season next week.

Don't open your mail. Your brokerage and 401k statements for January will arrive any day now, and the monthly results will be ugly. And then you'll get the utility bill. Whether you use natural gas or electricity, you're likely to be hit with a 10 to 20 percent increase from a year ago. It's all because we've had to run the heat a lot more to battle the frigid temperatures outside.

Tennessee is taking the lead on making higher education available to everyone.
The state's Republican governor, Bill Haslam, has proposed making two years free at community colleges and technical schools in the state.

The Dow Jones industrial average (^DJI) recouped 72 points Tuesday, chipping away at the big losses so far this year. The Nasdaq composite (^IXIC) gained 34 points and the Standard & Poor's 500 index (^GPSC) rose 13.

Puerto Rico could become the next Detroit. No, it's not going to snow in San Juan, but Standard & Poor's has cut the credit rating on the U.S. commonwealth to junk status. Why should you care? Because if you own a muni-bond mutual fund, you almost certainly own bonds issued by Puerto Rico.

The Seattle Seahawks weren't the only big winner in Sunday's Super Bowl. Fox scored record viewership for the big game; sales of Bruno Mars's albums more than doubled after his halftime show; and Las Vegas bookmakers rang up record profits as two out of three bettors put their money on Denver, which got crushed, 43 to 8.

-Produced by Drew Trachtenberg.


Increase your money and finance knowledge from home

Investment Strategies

What's your investing game plan?

View Course »

Investing in Startups

The lucrative and risky world of startups.

View Course »

Add a Comment

*0 / 3000 Character Maximum

33 Comments

Filter by:
Romeo Burke

cool story
http://www.tv-movie-tshirts.com/justin-bieber-allegedly-smoking-weed-and-extremely-abusive

February 06 2014 at 7:29 PM Report abuse rate up rate down Reply
Iselin007

Basically if any Drug store keeps pushing prescriptions for $40.00 + that can be gotten filled for $4.00 else where they could stand on their heads an the customers will avoid them.

Many of the pharma compounds are made off shore. Some of these drug chains bottle the same low cost crap then jack the price up. If they can't have a nice fat margin they make up excuses why they don't carry the generic brand. Pharma is a big business don't get sucked in by the greedy $%^&*( you know what I mean!

February 05 2014 at 5:26 PM Report abuse rate up rate down Reply
avjax

Hmmm. But CVS will continue to sell alcohol, twinkies and candy etc?

February 05 2014 at 4:42 PM Report abuse rate up rate down Reply
2 replies to avjax's comment
Iselin007

We'll still know their other items are over priced just another reason to pass them by.

February 05 2014 at 5:05 PM Report abuse rate up rate down Reply
Iselin007

If they are non Union Twinkies they are costing the taxpayer for public assistance via low wages!

February 05 2014 at 6:04 PM Report abuse -1 rate up rate down Reply
Iselin007

dweeb_buster1
Maybe there is a large disconnect between your intake and the waste you subsequently spew?

Maybe you don't know when your ancestors came here?

February 05 2014 at 4:34 PM Report abuse rate up rate down Reply
flobamaguynow

WELL HOORAY FOR CVS I WILL SHOP THERE MORE OFTEN AND THEY ARE SURELY A RESPONSABLE RETAILER..IT IS A BIG HIT LOSING BILLIONS.BECAUSE OF IT. IT IS NICE TO SEE A BUSLINESS THAT IS NOT ONLY LOOKING AT THIER BOTTOM LINE

February 05 2014 at 4:09 PM Report abuse rate up rate down Reply
Iselin007

CVS closed in the big mall here a few years ago and there are very few around. If they folded up hardly anyone would notice. Maybe twenty years ago there were loads of them not now there seems to be a trend toward zero coverage.

February 05 2014 at 3:55 PM Report abuse rate up rate down Reply
Iselin007

dweeb_buster1
You mean stocks of companies that are engaged in bleeding edge industries and are up 50 - 100% in the past year are also volatile and present the risk of significant correction?

Gee, whoda thunk

Well according to the discussion on Bloomberg the 3 D printer Business was down and their outlook is specific applications not mass production like the molding industry! This is good news the makers of molding machines, mold bases, and components will continue to thrive. The 3 D printers are not capable of competing at the same speed, quanity, or in as many different types of materials as the Molding industry. Staples is said to be selling smaller 3 D printers but their basically for arts and crafts ect. They aren't doing to good as the business seems to be declining.

February 05 2014 at 3:45 PM Report abuse -1 rate up rate down Reply
progressivehoax

Now the lib's will hit Walgreen's after pawning their EBT Cards and Food Stamps for pennies on the dollar to buy smokes.

February 05 2014 at 3:22 PM Report abuse +1 rate up rate down Reply
Iselin007

The 3 D printer stocks were hit hard today :)

February 05 2014 at 3:09 PM Report abuse rate up rate down Reply
SPQR

Furthermore, Statistics tell us that 50% of us are broke and will not be able to retire or have to move to the panhandle of Florida or Arkansas in the woods. The government should make smoking free and save some money in the long run. Who wants to live to age 90 and be scrounging for rabbit poop or live in a trailer drinking moonshine

February 05 2014 at 2:33 PM Report abuse rate up rate down Reply