Germany is currently making strides in its recreational weed legalization efforts. In recent news covered by Marijuana Moment (opens in new tab), Germany’s leading regulator and health minister, Karl Lauterbach, stated the country has received “very good feedback” from the European Union (EU), the most critical governing body in the weed legalization process. The EU’s… Continue reading Germany’s Weed Legalization Efforts Progress: This Week in Cannabis Investing
US stocks fall but close mostly higher for the week despite ongoing bank fallout
Matthew Fox Spencer Platt/Getty Images US stocks finished the week mostly higher despite continued fallout from multiple bank failures.Banks borrowed $165 billion from the Federal Reserve’s backstop program to shore up liquidity.But strength in mega-cap tech stocks helped catapult the Nasdaq 100 to its best weekly gain since November. Loading Something is loading. Thanks for… Continue reading US stocks fall but close mostly higher for the week despite ongoing bank fallout
The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
The market may be nearing its Lehman moment yet again, Art Cashin told CNBC. The Wall Street vet said certain investors could use the banking crisis for their own financial gain. Cashin blamed the Fed’s monetary tightening for the fall of a slew of specialist banks. Loading Something is loading. Thanks for signing up! Access… Continue reading The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
Executives at First Republic Bank and Silicon Valley Bank sold stock right before the banking crisis.First Republic’s chief risk officer sold shares two days before the Silicon Valley Bank implosion.President Joe Biden called on Congress to allow regulators to claw back bank executives’ compensation following the collapse. Loading Something is loading. Thanks for signing up!… Continue reading Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB’s collapse
The NYT reported that Fed Chair Powell blocked a mention of regulatory failings in a report on SVB. The final joint statement on SVB’s fall speaks mostly of regulators’ work since the 2008 crisis. Some have blamed the fall of SVB on a lack of oversight stemming from policy rollbacks by the Trump Administration. Loading… Continue reading Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB’s collapse
Home prices fell annually for the first time since 2012, but the collapse of Silicon Valley Bank is bringing more buyers to the housing market
In February, home prices fell on a year-over-year basis for the first time since 2012, Redfin said. But March has seen a shift in the market with the implosion of Silicon Valley Bank. More homebuyers came into the market as mortgage rates dropped. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Home prices fell annually for the first time since 2012, but the collapse of Silicon Valley Bank is bringing more buyers to the housing market
Pornhub parent MindGeek acquired by new Canadian private equity fund
Ethical Capital Partners to buy owner of a variety of pornographic streaming platforms and studios Author of the article: Bloomberg News Ari Altstedter Published Mar 16, 2023 • Last updated 9 hours ago • 1 minute read
Banking, energy selloffs opportunities for investors with the courage to be contrarians
Canadian banks caught in the crossfire look that much more attractive Published Mar 16, 2023 • Last updated 14 hours ago • 3 minute read Silicon Valley Bank collapse has sparked a flight to safety in markets that investors could use to their advantage. Photo by REUTERS/Tilman Blasshofer It has been quite the wild ride in… Continue reading Banking, energy selloffs opportunities for investors with the courage to be contrarians
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