A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, restoring some equilibrium following signs of escalation in the U.S.-China trade dispute that had roiled markets earlier in the day.
Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal.
Since marijuana has yet to be federally legalized in the U.S., American investors often turn to Canada for their cannabis stock investments. The two biggest cannabis stocks by market cap – Canopy Growth Corp. and Aurora Cannabis – are Canadian. And many other major cannabis companies are headquartered there as well.
These companies are global in nature. But they rely on the Canadian market for substantial revenue. So that makes it imperative for investors to learn everything they can about cannabis in Canada, including Canadians’ consumption habits. That’s what today’s chart is all about.
Statistics Canada conducts a National Cannabis Survey every …read more […]
U.S. stocks rose on Monday, as major indexes bounced following a sharp sell-off in the prior session, as U.S. President Donald Trump forecast a trade deal with China and somewhat cooled investor concerns after a ramp up in combativeness derailed markets last week.
France and the United States reached a deal to end a standoff over a French tax on big internet companies, though U.S. President Donald Trump declined to say whether his threat of a retaliatory wine tax was off the table as a result.
France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday.
U.S. President Donald Trump on Monday said he thinks the United States will be able to reach a fair trade agreement with the European Union without imposing threatened tariffs on car imports, offering a potential lifeline to German carmakers.
Wall Street’s main indexes rose 1% on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.
Oil prices edged lower on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by growing hopes that the United States and China could make a deal to end their trade war.
An Oklahoma judge on Monday will decide whether Johnson & Johnson should be held liable in a $17 billion lawsuit alleging the drugmaker’s marketing practices fueled the opioid epidemic by flooding the market with painkillers.
Summer is coming to an end. The colder seasons are approaching. And if you enjoy downhill skiing, the three-month chart of the North American Marijuana Index probably looks like a lot fun…
But for pot stock investors, this isn’t the type of slope we want to see.
The index has fallen 9.7% so far in the month of August. But since May 23, it’s down 28.3%.
The sector has been rocked by scandal, then kicked while it was down by a series of earnings misses from Canadian producers in recent weeks.
But there’s another specter besides earnings haunting the cannabis sector…
Fed Up With the …read more […]
U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.
A global gauge of equities rose on Monday and the dollar recovered from earlier losses as U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, after signs of escalation in the U.S.-China trade dispute had roiled markets earlier in the day.
New orders for key U.S.-made capital goods rose modestly in July while shipments fell by the most in nearly three years, pointing to continued weakness in business investment and a slowdown in economic growth early in the third quarter.
Wall Street’s main indexes rose on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.
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