MKM analyst Bill Kirk slaps sell ratings on Curaleaf (CURLF) and Aurora Cannabis (ACB), but says Acreage Holdings (ACRGF) and Hexo (HEXO) are a buy. MKM Partners initiated coverage of five Canadian cannabis companies and two U.S. multi-state operators on Friday with a cautious outlook, arguing that the current business model of cultivation will become commoditized and make it difficult for companies to build strong brands. In a note entitled, "Don't Smoke the Kool-Aid," analyst Bill Kirk, an executive...
Investors are flocking to riskier corners of the traditionally safe municipal bond market in a search for yield. They are buying hundreds of millions of dollars of debt issues from unrated and below-investment-grade borrowers such as energy projects and upstart charter schools. It is a shift within a part of the bond market commonly considered almost as safe as Treasurys.
U.S. bank funding tumult may potentially shake consumer confidence. When corners of the financial markets that are typically considered mundane draw outsize attention on Wall Street, it is always cause for investor concern. That was the case last week when surging overnight borrowing costs laid bare cracks in a key Wall Street funding mechanism, which left many scrambling for cash and the New York Federal Reserve responding by injecting hundreds of billions of dollars into...
Paper bank notes are being upgraded for a digital future around the world. The Federal Reserve has never been more famous than it is today. It drew praise, and ire, for its handling of the financial crisis a decade ago, and the extraordinary measures it took subsequently to stimulate the U.S. economy have made it an important driver of financial markets.
Most investment gains come from getting the broad outlines right and then leaving well enough alone. "Here's the one stock you should buy now for the best returns!" "Now that you've finally figured out what the" Great Rotation "is, here's how to play it with smart-beta multi-factor ETFs.
Market gains have been driven by macro factors, putting stocks on shaky ground. "I don't like losses, sport. Nothing ruins my day more than losses, "said Gordon Gekko.
Already, the Fed's rate cut has affected banks' decision-making. The Federal Reserve announced Wednesday that its Open Market Committee had voted to cut the federal funds rate by 25 basis points to a range of 1.75% to 2%. The federal funds rate is the benchmark interest rate that banks use when lending to one another.
In hiring companies known as online program managers, universities give up what is often a large share of revenues. Boosters of online higher education have long held out the lofty promise that it would bring down the spiraling cost of college while also widening its reach. But a little-known industry of for-profit middlemen, which is skimming off as much as 80% of the proceeds and has U.S. revenues of $1 billion annually, may be thwarting the innovative potential of online...
Marathon Asset Management CEO Bruce Richards said government bond yields trading at negative levels "is the most absurd thing central banks have done and it will blow up in their face," at the CNBC Institutional Investor Delivering Alpha conference on Thursday. Ultra-loose monetary policy by major central banks including, the Bank of Japan and the European Central Bank, have contributed to the phenomenon of government bond rates falling below subzero levels.
The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said.
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