Author: super@dmin
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Cannabis Watch: Pot stocks take another hit in wake of worst week for the sector in nearly 9 months
There’s no reprieve for weed investors. Shares of cannabis companies took another hit Monday, adding to the worst week for the sector in nearly nine months, led by a big and active selloff in Aurora Cannabis Inc. The Horizons Marijuana Life Sciences exchange-trade fund HMMJ, -7.03% slid 4.7% and the ETFMG Alternative Harvest ETF MJ,…
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Can IBM’s big premium for Red Hat ignite a sustainable stock market rally?
Companies buy other companies all the time, but a 63% premium on an acquisition doesn’t happen every day. IBM IBM, -2.41% unveiled its largest software acquisition ever by offering $190 a share for Red Hat RHT, +43.29% I need to start with a full disclosure: The Arora Report gave a signal to buy Red Hat…
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The best cities for jobs, ranked by affordability
Unemployment rates are at their lowest point since the Nixon administration, and hiring experts say now’s the time for would-be workers to hop back into the job hunt. But where should they be looking? A recent study by the careers website Glassdoor said Pittsburgh, St. Louis, Indianapolis, Cincinnati and Hartford, Conn., are the best cities…
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Metals Stocks: Gold slips as stocks steady though metal still near 3-month highs
Gold futures prices pulled back Monday as stocks stabilized but the metal remained within striking distance of the multi-month highs grazed last week when equities were rocked lower and investors sought gold’s relative safety. December gold GCZ8, -0.20% fell $3.60, or 0.3%, to $1,232.20 an ounce. With a mild gain Friday, the contract tacked on…
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Best New Ideas in Money: Don’t have a 401(k)? State governments have a retirement plan for you
Luke Huffstutter, owner of Annastasia Salon in Portland, Ore., said a wry joke runs through the hair-salon business in the U.S.: “When was the last retirement party you attended?” The answer is never. That’s because stylists tend to work for small businesses, most of which don’t offer retirement-savings plans. Thus, stylists don’t retire. But failing…
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Best New Ideas in Money: The end of the two-week pay cycle: How every day can be payday
Teresa Long, an assistant manager at a Walmart near Dallas, is like many Americans: She sometimes struggles to pay her monthly bills on time, especially when her biweekly paycheck fluctuates. Occasionally, when she was not able to budget correctly for the month, she would default on a bill, miss a payment or send in a…
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Bond Report: Treasury yields turn higher as stocks look likely to rebound
Treasury yields rose in early Monday trading as U.S. stock futures pointed to a higher open after a torrid selloff last week. The 10-year Treasury note yield TMUBMUSD10Y, +0.49% rose 2.2 basis points to 3.098%, while the 2-year note yield TMUBMUSD02Y, +0.43% ticked higher by 1.6 basis points to 2.826%. The 30-year bond…
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Europe Markets: Italian stocks lead Europe markets higher; banks, auto shares climb
Autos and banks were driving strong gains for Europe’s main stock gauge on Monday, as a dismal month for equities nears an end. A big bump for heavyweight HSBC Holdings PLC and some relief that Italian debt wasn’t downgraded to junk status by a major ratings agency, underpinned the market. And reports that China could…
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Currencies: Euro drops, recovers as reports say German Chancellor Angela Merkel will step down as party leader
The European single currency was in the spotlight on Monday — dropping sharply, then recovering— after reports that German Chancellor Angela Merkel would not seek re-election as party leader after a crushing defeat suffered by her party in regional elections. The euro EURUSD, -0.1228% initially dropped to $1.1360 before recovering to trade about where it…
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Need to Know: This ETF’s next move could determine if we suffer a ‘brutal dislocation’ in markets
Remember when the bull market had an air of invincibility about it? Almost as if investors were getting tired from all that winning. Yeah, well, that was way back in October 2018, when the blue chips DJIA, -1.19% were on the verge of breaking through another big round number on their way to more big…