New York has approved adult-use cannabis in the state, despite not having cannabis infrastructure ready to facilitate sales, Rhode Island has not yet approved the legalization of recreational use. Cannabis stocks are taking a bath Read more…
Bitcoin prices are getting pulled down over concerns about rising interest rates, analysts say. Falling stock prices and concerns about rising interest rates were rattling cryptocurrencies, analysts said Monday. Bitcoin, which has shed about a quarter Read more…
Supply chain issues have impacted the production of the popular budget truck. If you were thinking about picking up Ford’s (F) – Get Ford Motor Company Report new pick-up truck, the Maverick, then we have Read more…
The streaming leader spends a lot more money than Disney, with much less to show for it. Netflix (NFLX) – Get Netflix, Inc. Report growth has slowed. That’s sort of inevitable when you reach nearly Read more…
Rising rates make the safety of bonds look more appealing, and they put a dent in stocks and cryptocurrencies, among other risk assets. Rising interest rates have put a major dent into risk assets, from Read more…
The Canadian dollar has started the week with losses, continuing the downswing we saw on Friday. USD/CAD is up over 1% since Thursday, as the US dollar is broadly higher against the major currencies. The Read more…
Markets Markets finished last week in a classical risk-off setting. This morning in Asian trading, there were tentative signs that the risk-off could slow. However, European markets almost immediately returned to last week’s habits. Mounting Read more…
Ford shares have fallen more than 20% over the past ten days as investors weigh supply-chain disruptions against consumer demand ahead of its fourth quarter earnings. Ford Motor Co. (F) – Get Ford Motor Company Read more…
US PMI Manufacturing dropped from 57.7 to 55.0 in January, a 15-month low. PMI Services dropped from 57.6 to 50.9, an 18-month low. PMI Composite dropped from 57.0 to 50.8, also an 18-month low. Chris Read more…
Food-industry executives say the pressure could continue for some time, even after the Covid omicron variant passes, a media report says. The Covid omicron variant is stressing the U.S. food system, as it’s infecting workers all along Read more…