COVID-19 whacking the broader markets was only one part of the story.
As the Dow Jones Industrial Average, Nasdaq and S&P 500 tumbled more than 30% from all-time highs to multiyear lows, individual sectors cratered even harder.
One of those sectors was cannabis.
The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) has been having a wild 2020. As the rest of the market stalled at the start of the year, the pot stock index rocketed higher. Then, when everything was mauled by the bear, the ETF fell almost 50% at its lowest level…
The decision came after Xerox said earlier this month it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic. It is a blow to billionaire investor Carl Icahn, who owns big stakes in both companies and had pushed for their merger. Xerox’s board concluded that pursuing the takeover without having access to HP’s books, so that it could assess the impact of the coronavirus pandemic on HP’s business, would be too risky, the sources said. …read more […]
Daily U.S. user volumes rose to a record 4.84 million on Monday for Zoom, as millions of children switched to virtual learning programs and companies asked employees to work from home to contain the outbreak. Business-focused Teams was used by 1.56 million users on the same day, while Slack saw less than 500,000 users. Zoom declined to comment on usage statistics, but its active users in March were 151% higher on average from a year earlier, according to Apptopia. …read more […]