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Hedge Funds Are Done Buying Waddell & Reed Financial, Inc. (WDR)?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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iAnthus Opens 11th Florida Dispensary in Ocala

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) has announced the opening of its GrowHealthy dispensary in Ocala, Fla. This opening brings the company’s total number of dispensaries in Florida to 11 and its system-wide total to 29. New Location The new 3,900-sq.-ft. store is located at 2370 SW College Rd. It is GrowHealthy’s first dispensary in […]The post iAnthus Opens 11th Florida Dispensary in Ocala appeared first on Market Exclusive. …read more […]

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Desmarais Brothers to Step Down as CEOs in Power Corp. Overhaul

(Bloomberg) — Andre Desmarais and Paul Desmarais Jr. are stepping down as co-chief executive officers of Power Corp. of Canada as part of a massive reorganization at one of the country’s largest financial services firms.The Desmarais brothers, sons of the founding family that runs the Montreal-based firm, will stay on as chairman and deputy chairman. Jeffrey Orr, current CEO of the Power Financial business, takes the top job at a new entity combining the two main units of the insurance and asset management company, according to a statement Friday.As part of the reorganization, Power Financial shareholders will receive 1.05 Power …read more […]

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Christmas Was Invented in New York

(Bloomberg Opinion) — Christmas as we know it today got its start in the pages of Salmagundi, a short-lived early-1800s precursor to Mad magazine and the Onion that was billed as “The Whim-whams and Opinions of Launcelot Langstaff, Esq. & Others” but was actually the work of precocious New York literary talent Washington Irving, one of his older brothers and a friend.At least, that’s one theory, and as a New Yorker I’m all for promoting it.The Jan. 25, 1808, issue of the magazine opens with an account of “this season of festivity when the gate of time swings open on …read more […]

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What’s Next for Trump’s Phase-One Trade Deal With China

(Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.After testing the patience of financial markets, the U.S. says it has hashed out with China the terms of that long-awaited “phase one” deal, with President Donald Trump said to have signed off on it and expected to lead an unveiling as soon as Friday.As advertised, the agreement hinges on China stepping up its purchases of American agricultural products to as much as $50 billion annually and committing to crack down on intellectual …read more […]