While the federal government drags its feet on cannabis reform, the real action in cannabis continues to proceed at the state level. Most recently, this is being seen in efforts toward recreational weed legalization in Florida. Since 2014, the Sunshine State has been one of the most successful medical cannabis programs in the U.S. However,… Continue reading Weed Legalization in Florida? This Week in Cannabis Investing
Stock Market Today: Jobs Data Sparks More Selling for Stocks
There was plenty for investors to consider Thursday, including a pair of updates on the labor market and speculation of a potential bankruptcy for one of Wall Street’s most embattled retailers. Market participants were clear that they didn’t like any of what they were seeing, sending stocks lower once again. Ahead of today’s opening bell,… Continue reading Stock Market Today: Jobs Data Sparks More Selling for Stocks
Markets are wrong to think things will return to normal and should brace for an era of tumult, debt, and high interest rates, former Treasury Secretary Larry Summers says
Markets are wrong to think things will return to normal this year, former Treasury Secretary Larry Summers said. He warned investors to brace for a new period of debt, tumult, and volatile interest rates. “This is going to be remembered as the year when we recognized that we were heading into a different kind of… Continue reading Markets are wrong to think things will return to normal and should brace for an era of tumult, debt, and high interest rates, former Treasury Secretary Larry Summers says
Warren Buffett-backed BYD soars past Tesla in China sales as the company bucks wider EV stock sell-off
Warren Buffett-backed BYD has avoided a painful stock sell-off in recent months compared to its competitors.BYD stock is down just 2% over the past three-months, compared to a 54% decline for Tesla.BYD said it sold 1.9 million vehicles in 2022 as it ramps up production despite recent COVID-19 infections. Loading Something is loading. Thanks for… Continue reading Warren Buffett-backed BYD soars past Tesla in China sales as the company bucks wider EV stock sell-off
Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
BofA downgraded Silvergate Capital on Friday and said it sees another 35% downside for the crypto-focused bank. Silvergate shares plunged Thursday after it was revealed customers withdrew billions in deposits. BofA whittled down its price objective on Silvergate by 78% to $8 a share from $37. Loading Something is loading. Thanks for signing up! Access… Continue reading Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
Cathie Wood buys the dip in Coinbase again, but sells shares of Silvergate after the crypto-focused bank sees a run on deposits and cuts 40% of its staff
Cathie Wood’s Ark Invest continues to buy the dip for digital asset exchange Coinbase. But the famed money manager sold Silvergate shares as the crypto-focused bank’s stock plunged 43% on Thursday. Ark Invest’s exchange-traded funds ARKF and ARKW are down more than 60% year-to-date. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Cathie Wood buys the dip in Coinbase again, but sells shares of Silvergate after the crypto-focused bank sees a run on deposits and cuts 40% of its staff
SEC reportedly probes due diligence of FTX investors, as role of VC firms and funds prior to crypto exchange’s collapse comes under scrutiny
The Securities and Exchange Commission is investigating the due diligence of FTX investors, according to Reuters. The probe doesn’t indicate wrongdoing, and the report did not specify which firms were in question. The issue for regulators is whether venture capital firms and investment funds were acting responsibly on behalf of their own clients. Loading Something… Continue reading SEC reportedly probes due diligence of FTX investors, as role of VC firms and funds prior to crypto exchange’s collapse comes under scrutiny
Why Value Stocks May Again Beat Growth in 2023
From 1980 through 2021, , and especially since 2015, growth stocks outperformed value stocks. But last year value stocks vastly outperformed growth, with the Russell 1000 Value Index losing 9%, compared with a 30% drop for the Russell 1000 Growth Index. The Russell 1000 includes large-cap stocks. Recall that value stocks are ones considered undervalued according to… Continue reading Why Value Stocks May Again Beat Growth in 2023
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