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July 19, 2019
Radio broadcaster iHeartMedia, Inc. IHRT returned to the public market Thursday just months after emerging from bankruptcy. IHeartMedia, the largest radio broadcaster, emerged from bankruptcy in January when a judge approved a restructuring plan that eliminated more than $10 billion in debt, according to The Wall Street Journal.
July 18, 2019
Aurora Cannabis Inc. ACB announced Thursday it has won the Italian government’s public tender to supply medical marijuana in Italy. The company was the winner among five companies that participated in the tender and it’s expected to sign the contract this fall.
July 17, 2019
It has been a rough five-year stretch for large auto stocks Toyota Motor Corp TM, General Motors Company GM, Ford Motor Company F and Tesla Inc TSLA. Despite a booming market and an overall 52.4% gain for the S&P 500, none of these big automakers has managed to produce a double-digit return for investors over the past five years.
July 15, 2019
Companies Reporting Before The Bell: C,PIXY,EROS,OGI,CSBR,LUB. Companies Reporting After The Bell:JHBT,WTFC,SFBS
July 11, 2019
An exchange traded fund once known for its large weight to Tesla Inc. TSLA is getting a new look while maintaining its robust exposure to shares of the electric automobile manufacturer.The ETF previously known as the VanEck Vectors Global Alternative Energy ETF is now the VanEck Vectors Low Carbon Energy ETF SMOG. SMOG tracks the Ardour Global Index.
July 9, 2019
Richard Branson’s Virgin Galactic is one step closer to realizing his space-tourism dream as the company is set to list shares on a public exchange. Branson himself invested most of the more than $1 billion in capital poured into Virgin Galactic since 2004, according to The Wall Street Journal.
July 5, 2019
Three pieces of legislation introduced Thursday in Congress aim to broaden the acceptance of cannabis, with one allowing importation of marijuana across state lines, one encouraging more research on the drug and one protecting immigrants from being deported for possession.
July 3, 2019
Facebook, Inc. FB’s bold move into the cryptocurrency space with the planned launch of Libra in 2020 is certain to draw the attention of regulatory authorities. The Cambridge Analytica data scandal in 2018 involved the harvesting of personal data of millions of people’s Facebook profiles without their consent for the purpose of political advertising.
July 2, 2019
Ceragon Networks
CRNT reported second-quarter revenue will be impacted by a further delay in receiving certain orders from India. The company sees second-quarter revenue in the range of $71 million to $74 million.
June 27, 2019
Technology-focused defense company Parsons Corp (PSN) went public in early May at $27 per share and is now trading north of Wells Fargo’s price target. Ed Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target.
June 25, 2019
Canadian cannabis company Flowr Corp FLWPF will acquire Holigen Holdings Limited.The company recently announced an investment that would leave it with ownership of 19.8% of Holigen. Flowr said Monday afternoon it would instead acquire the entire business in a cash and stock deal.
June 20, 2019
Arcview Market Research and BDS Analytics have published the seventh edition of their “State of Legal Cannabis Markets” report.In regulated markets, U.S. cannabis sales surged by 20% in 2018 and are on track to jump by another 36% this year, the report said.
June 18, 2019
Stoke Therapeutics, Inc. this week proposes to offer 6.7 million shares at an estimated price range of $14-$16, according to an amended S-1 filing from June 12.
June 12, 2019
B2B payments solution provider Bento for Business announced Wednesday a new digital payment solution that eliminates the need to write checks. Bento’s new payment solution, Bento Pay, gives small businesses the “ease and security” of paying suppliers, the company said in the press release.
June 11, 2019
Global X, one of the largest purveyors of thematic exchange traded funds, is looking to add that lineup with a cannabis ETF.In a recent filing with the Securities and Exchange Commission, the New York-based ETF issuer outlined plans for the Global X Marijuana ETF.
June 5, 2019
There is a new competitor in the esports ETF arena thanks to the debut of the Roundhill BITKRAFT Esports & Digital Entertainment ETF
NERD.
June 3, 2019
With Prime Minister Theresa May set to resign in June, further political and Brexit uncertainty continues to plague the foreign exchange market. Pounds sterling faces more losses and could see record lows before the year is out, according to FX analysts.
May 31, 2019
Markets are lower Friday morning after U.S. President Donald Trump said in a Tweet Thursday evening his administration will impose a 5-percent tariff on every Mexican good crossing border as of June 10. Trump’s 5-percent tariff will be lifted to 25 percent over the coming months unless the Mexican government takes action to “reduce or eliminate the number of illegal aliens” entering the U.S. from Mexico’s side of the border.
May 29, 2019
Cannabis company Ionic Brands Corp ZRRRF will acquire famed British pipe maker Astleys of London for $7.8 million in cash and stock. The announcement is expected to become official on Wednesday.
May 24, 2019
The Canadian government is setting aside about C$25 million ($18.5 million USD) to fund cannabis research, according to Bill Blair, the country’s Minister of Border Security and Organized Crime Reduction.
May 23, 2019
Tesla Inc TSLA shares lost voltage Wednesday after being hit by a one-two punch: another major Wall Street firm saying it sees an increasing chance of a bear scenario in which the share price drops to double-digits — and a longtime Tesla supporter expressing serious doubts about the company’s trajectory in a private client call.
May 21, 2019
U.S. stock futures traded higher in early pre-market trade. Data on existing home sales for April will be released at 10:00 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Amelia Island, Florida at 7:50 a.m. ET, while Chicago Federal Reserve Bank President Charles Evans will speak at 10:45 a.m. ET. Boston Federal Reserve Bank President Eric Rosengren is set to speak in New York at 12:00 p.m. ET.
May 16, 2019
Google parent company Alphabet Inc (GOOG) (GOOGL) is “well-positioned” to capitalize on local advertising, which represents 30 percent of the global ad and marketing services addressable market of around $650 billion excluding China, according to UBS.
May 15, 2019
May 15, 2019
Uber Technologies, Inc. (UBER) gained 7.71 percent on Tuesday, but the stock is still down nearly 11 percent from its recent initial public offering price. In what could be seen as a small amount of good news, Uber is finding some home among exchange traded funds, including the Renaissance IPO ETF (IPO).
May 14, 2019
A brand new payment app called Flexa launched on Monday that will facilitate the use of bitcoin and other popular cryptocurrencies at a wide range of retail locations, including Amazon.com, Inc. (AMZN), Nordstrom, Inc. (JWN) and GameStop Corp (GME).
May 9, 2019
Aurora Cannabis Inc (ACB) announced Thursday the Luxembourg Health Ministry named its European subsidiary, Aurora Deutschland, the exclusive supplier of a second national delivery of medical cannabis. Aurora won the rights by bid to sell to Luxembourg’s Division de la Pharmacie et des Medicaments.
May 8, 2019
U.S. stock futures traded lower in early pre-market trade. Federal Reserve Member of the Board of Governors Lael Brainard is set to speak in Richmond, VA at 8:30 a.m. ET.Futures for the Dow Jones Industrial Average dipped 135 points to 25,838, while the Standard & Poor’s 500 index futures fell 17 points to 2,873.75. Futures for the Nasdaq 100 index tumbled 56.75 points to 7,617.25.
May 6, 2019
Semiconductor company Marvell Technology Group Ltd. (MRVL) said Monday it reached an agreement to buy Aquantia Corp (AQ), a leader in Multi-Gig Ethernet connectivity, for $13.25 per share.
May 3, 2019
Speaking ahead of the annual Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) shareholder meeting this weekend, Buffett said he was an “idiot for not buying” Amazon’s stock sooner. But he also said the stock purchase wasn’t made by him personally, rather it was overseen by one of his right-hand men Todd Combs or Ted Weschler.
