Weed legalization scored some solid wins in the 2022 midterm elections. Maryland and Missouri legalized cannabis for adult-use, and internal estimates at Poseidon note that those two markets could generate $2.6 billion in legal cannabis sales. According to cannabis research firm Headset, the additions of Maryland and Missouri to the market would add about 10%… Continue reading This Week in Cannabis Investing: Weed Legalization Gains Ground in Midterms
Warren Buffett’s Berkshire Hathaway Slashes Stake in U.S. Bancorp
Warren Buffett’s Berkshire Hathaway (BRK.B (opens in new tab), $303.20) cut its stake in longtime holding U.S. Bancorp (USB (opens in new tab), $44.87) by more than half. Buffett, who serves as Berkshire Hathaway’s chairman and CEO, has been slashing his holding company’s exposure to financial stocks – and bank stocks in particular – for… Continue reading Warren Buffett’s Berkshire Hathaway Slashes Stake in U.S. Bancorp
4 Ways You Can Take Advantage of a Down Market
Let’s not mince words. Down markets are painful and can be downright scary, but they also present unique opportunities to improve your financial situation. High inflation, historic rate hikes by the Fed and the threat of a recession can all weigh heavily on an investor’s conscience. Meanwhile, uplifting news has felt pretty hard to come… Continue reading 4 Ways You Can Take Advantage of a Down Market
Stock Buybacks Are Here to Stay
In the 12 months ending June 30, companies in the S&P 500 index spent a record $1 trillion to buy back their own shares, according to S&P Dow Jones Indices. But come January, a new 1% tax on buybacks might dampen corporate America’s appetite. S&P Dow Jones estimates the tax would reduce corporate profits by… Continue reading Stock Buybacks Are Here to Stay
From NFTs to Tether, FTX users are trying everything they can to get their money off the crypto exchange
Reports of users trying to get their money off of FTX through alternative assets are growing. Cointelegraph reported users attempted to purchase NFTs to circumvent the exchange freeze. The Financial Times noted withdrawals of millions in Tether from FTX on a public blockchain. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading From NFTs to Tether, FTX users are trying everything they can to get their money off the crypto exchange
Jeremy Siegel says the crypto meltdown sparked by FTX’s implosion is not a Lehman Brothers moment and won’t spread contagion to stocks
The FTX implosion is not a Lehman Brothers moment that will spread risk to stocks, according to Jeremy Siegel.”It’s not a Lehman moment because the value has already gone down so much,” Siegel said.One thing traditional assets like stocks and bonds have that crypto doesn’t is the backing of the Federal Reserve. Loading Something is… Continue reading Jeremy Siegel says the crypto meltdown sparked by FTX’s implosion is not a Lehman Brothers moment and won’t spread contagion to stocks
Crypto’s Lehman moment: Here’s how Sam Bankman-Fried’s FTX compares to the biggest collapse of the Global Financial Crisis
Experts have drawn comparisons between the collapse of crypto exchange FTX and the fall of Lehman Brothers in 2008. FTX on Friday filed for bankruptcy after it failed to secure a rescue. Here’s how the two events compare and what FTX’s fall means for the broader financial system. Loading Something is loading. Thanks for signing… Continue reading Crypto’s Lehman moment: Here’s how Sam Bankman-Fried’s FTX compares to the biggest collapse of the Global Financial Crisis
Binance chief CZ says El Salvador didn’t hold any bitcoin on Sam Bankman-Fried’s collapsing FTX
El Salvador doesn’t have any bitcoin holdings in FTX, Binance CEO Changpeng “CZ” Zhao tweeted Thursday. “I exchanged messages with President Nayib a few moments ago. He said ‘we don’t have any Bitcoin in FTX and we never had any business with them. Thank God!’” FTX filed for bankruptcy on Friday, and Sam Bankman-Fried stepped… Continue reading Binance chief CZ says El Salvador didn’t hold any bitcoin on Sam Bankman-Fried’s collapsing FTX
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