Author: super@dmin
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The real reason marijuana stocks are falling off a cliff — and what to do now
I have been getting a lot of emails from marijuana investors who are trying to understand the real reason behind share prices falling off a cliff. It is never easy for investors when the stocks they are holding fall precipitously. On the positive side, you are seeing the first pointer given in “How to potentially…
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Cannabis Watch: Pot stocks pummeled again, as Aurora Cannabis falls on NYSE debut
Marijuana stocks took another broad beating on Tuesday, with the sector headed for a sixth straight loss. The Horizons Marijuana Life Sciences exchange-traded fund HMMJ, -5.77% dropped 10%, with all 48 components trading lower, a day after it suffered its biggest-ever one-day decline. A six-session losing streak would be the longest since the seven-day stretch…
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Mark Hulbert: Why low unemployment is a red flag for stocks
The bull market on Wall Street is vulnerable for a most-unlikely reason: U.S. unemployment is particularly low. That’s certainly contrary to the widespread narrative that the low unemployment rate is good news, indicating that the economy is firing on all cylinders. But there’s no denying that the stock market in the past has struggled when…
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NerdWallet: Now you can pay for things with your body, your car, or your refrigerator
This article is reprinted by permission from NerdWallet. Mobile wallets can make paying by credit or debit card seamless: Tap your phone at checkout and you’re on your way. But mobile wallets are just the beginning. Payment networks and manufacturers are building payment functions into more devices — expanding your options as well as freeing up your…
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Credit.com: Got unpaid bills? Try negotiating with a robot
The next time you speak to a debt collector, you might find yourself negotiating with a computer. And you might actually prefer that. Consumers buy toothpaste and bread without talking to a person. They get boarding passes for flights with a few swipes of a credit card or mobile phone. Why not pay off debt…
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Deep Dive: Here are Tuesday’s biggest stock-market losers
Trading in the U.S. stock market started on a sour note Tuesday, following disappointing earnings reports from two venerable industrial companies and a sell-off in Chinese markets. The Dow Jones Industrial Average DJIA, -1.45% was down as much as 1.8% in early trading, while the S&P 500 Index SPX, -1.61% dropped as much as 1.7%…
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Witches and Wall Street: The black magic of Halloween on the stock market
SALEM, MASS. — Where better to explore the connection between witchcraft and Wall Street than this spooky old New England town? It’s been linked to the occult since the witch trials of the 1690s, and now hosts so many psychics, mystics and fortune-tellers that they are licensed and regulated by city ordinance. Salem is to…
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Key Words: Volcker says he’s already worried about next financial crisis
Getty Images Former Fed Chairman Paul Volcker Former Fed Chairman Paul Volcker said that he’s already worried about the next financial crisis and said the health of the financial sector is still shrouded in mystery. In an interview with the New York Times, timed ahead of the release of his new memoir, Volcker said the…
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Outside the Box: What can help Americans regain the trust of Wall Street? Blockchain
Ronald Reagan, when addressing disarmament in the 1980s, made famous the term “trust but verify.” Today, we find ourselves in a financial disarmament with the U.S. national debt exceeding $21 trillion — the result of decades of financially engineered debt that now serves as a weapon of mass destruction. In my seat as the first…
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CryptoWatch: Bitcoin drifts lower, but takes back seat to global equity weakness
Bitcoin traded lower Tuesday on light volumes as market watchers kept their eyes on a global stock market selloff. In early Tuesday trading, a single bitcoin BTCUSD, -0.32% on the Kraken crypto exchange was changing hands at $6,415.43, down 0.6% since 5 p.m. Eastern Time Monday. However, for broad market watchers, cryptocurrencies have taken a…