Tag Archives: confidence

Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use. But even as momentous as those changes have been, reform at the federal level has proved elusive — until now, if you trust the confidence coming from the leaders of America’s largest cannabis companies. This week, Trulieve CEO Kim Rivers and Curaleaf Executive Chair Boris Jordan both wagered on Yahoo Finance Live that the… Source link

By Evan Sully (Reuters) -U.S. homebuilder confidence in the market for single family homes fell in July to its lowest level since August 2020, driven by shortages in both supply and labor. The NAHB/Wells Fargo Housing Market index declined to a reading of 80 this month from 81 in June. Economists polled by Reuters had expected the index to advance marginally to a reading of at 82. A reading above 50 means more builders view market conditions as favorable than poor. The index hit an all-time… Source link

(Bloomberg) — Bitcoin’s selloff accelerated Monday, pushing it closer to $30,000 once again. The world’s largest digital coin, down as much as 3.3% at one point during the session, continues to ebb closer to the pivotal round-number level, trading around $30,628 as of 9:41 a.m. in New York. Chartists are watching to see if it breaks below that support, which could exacerbate its decline and set it up for its lowest close since the start of the year. The retreat comes amid a broader… Source link

Bloomberg Kevin Ulrich Scored a $2 Billion MGM Win. It Only Took a Decade (Bloomberg) — Hedge funds often measure their investments in minutes, not decades; but for Anchorage Capital Group, its long-held stake in Metro-Goldwyn-Mayer Studios Inc. is proving that patience can also be profitable.The New York-based money manager stands to make roughly $2 billion on its investment in the film and TV producer, one that began almost 11 years ago with MGM in bankruptcy court. Amazon.com Inc. agreed… Source link

Federal Reserve Chairman Jerome Powell added more fuel to the fire for investors already spooked by the spectre of higher inflation and rising interest rates in the bond market. Speaking at the Wall Street Journal Jobs Summit, Powell said he expects the economic reopening to cause some inflation later this year, but that it would be temporary, and it was not enough to make the central bank hike interest rates. That was little consolation to investors, who pushed the Nasdaq (^IXIC) and S&P 500… Source link

TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.It’s a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties… Source link

Friday, November 27, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Expectations are high for the holiday shopping season. Will consumers disappoint? It is Black Friday in America. This most American of all holidays — a celebration of profligate consumer spending — marks the official start of the holiday shopping season for most retailers. And expectations in this year like no other are high. Back in October, the Morning Brief covered… Source link