Americans are becoming increasingly comfortable with cannabis use. A recent Gallup survey found that adults aged 34 and younger are consuming fewer alcoholic beverages while cannabis use continues to rise. On average, young adults consume nearly two fewer alcoholic beverages per week than young adults one decade earlier. In contrast, cannabis use among adults between… Continue reading Cannabis Use Picks Up in Young Adults: This Week in Cannabis Investing
Stock Market Today: Powell Speech Sends Stocks on Roller-Coaster Ride
The second half of Friday’s session looked nothing like the first. This morning’s price action was volatile thanks to Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming. Stocks climbed steadily higher throughout the afternoon, though, to end the week on a high note. All eyes… Continue reading Stock Market Today: Powell Speech Sends Stocks on Roller-Coaster Ride
The Fed Remains Prepared to Raise Rates Further If Needed, Powell Says
Federal Reserve Chairman Jerome Powell got to the point quickly in his speech at the central bank’s annual conference in Jackson Hole, Wyoming, on Thursday: “It is the Fed’s job to bring inflation down to our 2% goal, and we will do so.” Powell acknowledged that inflation has fallen from its peak, but also stressed… Continue reading The Fed Remains Prepared to Raise Rates Further If Needed, Powell Says
Ulta Earnings Beat Expectations With Growth In Major Categories
Ulta Beauty (ULTA) reported solid results in its second quarter earnings report Thursday, beating expectations, although the market did not have an overly exuberant response. For the quarter ended July 29, Ulta reported revenue growth of 10.1% to $2.5 billion as its diluted earnings per share (EPS) rose 5.6% to $6.02. The increase in revenue… Continue reading Ulta Earnings Beat Expectations With Growth In Major Categories
The Fed isn’t done fighting inflation — but it’ll ensure its next big decision won’t bring ‘unnecessary harm’ to consumers
Federal Reserve Chair Jerome Powell delivered his economic outlook remarks at Jackson Hole on Friday. He did not specify what the bank’s next move will be and committed to reaching the 2% inflation target. But he said the Fed will “proceed carefully” in determining whether to continue raising rates. Loading Something is loading. Thanks for… Continue reading The Fed isn’t done fighting inflation — but it’ll ensure its next big decision won’t bring ‘unnecessary harm’ to consumers
The housing market has gotten so unaffordable that Zillow is now offering prospective homebuyers a 1% down payment option
Zillow thinks it has an answer to the affordability crisis that has taken over the housing market.The company is offering prospective homebuyers the option to put a 1% down payment on a house.The affordability shock in the housing market has been sparked by a surge in interest rates and still-high home prices. Loading Something is… Continue reading The housing market has gotten so unaffordable that Zillow is now offering prospective homebuyers a 1% down payment option
A co-investment chief at billionaire investor Mario Gabelli’s firm shares 3 stocks with strong pricing power he’s betting on as inflation remains sticky — including one that could surge 53%
A tight labor market threatens to keep inflation elevated, which could mean high rates for longer. In such an environment, pricing power is crucial to a firm’s success, says Kevin Dreyer. The Gabelli Funds co-CIO is bullish on stocks like Diageo and BellRing Brands. The folks at Gabelli Funds are bottom-up investors, says Kevin Dreyer,… Continue reading A co-investment chief at billionaire investor Mario Gabelli’s firm shares 3 stocks with strong pricing power he’s betting on as inflation remains sticky — including one that could surge 53%
‘Faulty inferences’: CRA decision to deny taxpayer late-filing relief sent back by judge for review
Jamie Golombek: Court says CRA was ‘unreasonable’ and conclusion ‘not justified, transparent or intelligible’ Published Aug 24, 2023 • Last updated 17 hours ago • 4 minute read The Canada Revenue Agency assessed an Alberta taxpayer penalties and interest totalling about $6,000 for not filing two T1135s on time. Photo by Brent Lewin/Bloomberg If you own… Continue reading ‘Faulty inferences’: CRA decision to deny taxpayer late-filing relief sent back by judge for review
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