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Cannabis Stocks: Is It Time To Buy The Dip After Elections And Legalization Setbacks?
Thursday, November 7, 2024 - 4:57pm | 1343The cannabis sector is showing signs of stabilization following a harsh post-election sell-off triggered by election results. With Donald Trump's return to the presidency, a GOP-controlled Senate, and Florida's rejection of Amendment 3, which would have legalized cannabis, investor sentiment...
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Tilray, Trulieve And Other Cannabis Stocks Nosediving As Industry Faces New Wave Of Political Uncertainty
Wednesday, November 6, 2024 - 1:52pm | 922The cannabis market is experiencing a rough patch after election day, with many top U.S. and Canadian cannabis stocks under pressure following Donald Trump‘s victory, the prospect of a GOP-controlled Senate and Florida’s rejection of Amendment 3 that would have legalized cannabis. As of...
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Treasury Yields Pop On Trump Victory Chances, 10-Year Benchmark Reaches 4-Month High
Wednesday, November 6, 2024 - 2:52am | 311Yields on U.S. sovereign debt rose during election night as investors digested the preliminary results from the closely contested fight between Donald Trump and Kamala Harris. What happened: The benchmark 10-year Treasury yield popped 12 basis points to 4.412%, a level not seen since July 2. ...
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Dogecoin Powers To 7-Month High As Investors Anticipate Musk-Headed DOGE Department Under Trump
Wednesday, November 6, 2024 - 12:16am | 451Popular dog-themed meme cryptocurrency, Dogecoin (CRYPTO: DOGE), soared on election night amid heightened expectations of an Elon Musk-touted Department of Government Efficiency (DOGE) under the new Donald Trump administration. What happened: The original meme coin exploded more than 25% in the...
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Getting To 'The Other Side' Of Election Uncertainty
Tuesday, November 5, 2024 - 8:40am | 1895📉The stock market declined last week, with the S&P 500 shedding 1.4% to end at 5,728.80. The index is now up 20.1% year to date and up 60.2% from its October 12, 2022 closing low of 3,577.03. For more on the stock market moves, read: Keep your stock market seat belts...
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Pay Attention To Warren Buffett Actions, Nvidia Celebration, Trump Trade Pulling Back
Monday, November 4, 2024 - 12:56pm | 1593To gain an edge, this is what you need to know today. Cash Is Not Trash Please click here for an enlarged chart of Warren Buffett's company Berkshire Hathaway Inc Class B (NYSE:BRK). Note the following: This article is about the big picture, not an individual stock. The chart of BRK.B is...
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Cannabis Stocks Sink Amid Broader Market Decline And Election Jitters
Thursday, October 31, 2024 - 2:52pm | 559Cannabis stocks are experiencing notable declines this Thursday, aligning with a general downturn across major economic indices. At the time of publication of this article, the S&P 500 index was trading down by 1.62%, the Nasdaq 100 by 2.44%, and the Dow Jones Industrial Average (DJIA) showed a...
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Trump, Harris And Cannabis Stocks: Are Election Results Already Priced In?
Wednesday, October 30, 2024 - 9:17pm | 1527The U.S. heads into another historical election, the outcome of which will have an effect on cannabis stocks. With both major candidates, Donald Trump and Kamala Harris, supporting cannabis reform, investors are closely watching the sector. These past few days, volatility has taken the stage as...
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Willie Nelson On Cannabis Reform, Kamala Harris, New Album, Cooking With Weed
Wednesday, October 30, 2024 - 3:05pm | 584Iconic singer and songwriter Willie Nelson, who is 91 years old, remains as passionate as ever as he speaks out against outdated marijuana laws and voices support for Kamala Harris , who he says will be good for most needed federal cannabis reform. "There are so many good people in prison right...
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Coinbase CEO Brian Armstrong Credits Balaji Srinivasan For Early Foresight On Role Of New Media And Prediction Markets In Trump-Harris Battle
Monday, October 28, 2024 - 1:25am | 646Brian Armstrong, CEO of the U.S.’s largest cryptocurrency exchange, Coinbase, acknowledged the significant role of new media in shaping election outcomes, crediting the company’s former tech head Balaji Srinivasan for his early foresight. What Happened: On Sunday, Armstrong took to X to...
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Dem Running For Texas House Smokes Weed In Pro-Cannabis Campaign Ad, Advocates For 'Common Sense' Policy
Tuesday, September 10, 2024 - 4:21pm | 626Sally Duval made waves with her latest campaign ad, titled “It's HIGH Time for Change in Texas,” which is exactly what she was doing. In the ad, Duval was smoking both a blunt and a bong to attract attention and get her message across: Texas needs clearer, safer marijuana regulations....
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Pro-Bitcoin Attorney John Deaton All Set To Go Head To Head With Skeptic Elizabeth Warren: Crypto Community Cheers His Candidacy
Wednesday, September 4, 2024 - 2:12am | 837Pro-cryptocurrency attorney John Deaton has been confirmed to take on Democratic rival Elizabeth Warren (D-Mass.) in the November elections. What happened: Deaton won the Republican nomination for Senate in Tuesday's Massachusetts primary election, according to an Associated Press report. In his...
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US Set To Impose Fresh Sanctions On Venezuelan Officials Involved In Nicolás Maduro's Reelection: Report
Tuesday, September 3, 2024 - 7:48am | 415In response to the contested reelection of Nicolás Maduro in July, the U.S. is reportedly gearing up to impose new sanctions on Venezuelan government officials. What Happened: The Treasury Department is on the brink of announcing 15 individual sanctions aimed at officials linked to Maduro. These...
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Amid Heated Trump-Harris Battle, Crypto Industry Pours 'Unprecedented' $119M Into 2024 Elections - Here Are The Biggest Donors
Wednesday, August 21, 2024 - 10:46pm | 561The cryptocurrency industry has reportedly committed a staggering $119 million to the 2024 presidential election, in a coordinated effort to boost industry-friendly candidates and defeat those who are skeptical What Happened: A report by nonprofit consumer advocacy group Public Citizen revealed...
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Contrarian Analyst Turns To Bonds Ahead Of Fed Rate Cuts, Presidential Election: 'Maybe Tariffs Deflationary Not Inflationary'
Friday, July 19, 2024 - 4:09pm | 496Bank of America’s chief market strategist, Michael Hartnett, is increasingly bullish on bonds for the rest of the year, viewing Treasuries as a safeguard against equity volatility and the non-negligible risk of a harder landing for the U.S. economy. In his “The Flow Show” note...