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Pimco-Elliott Group Uses PG&E’s Setback to Lobby for Their Rival Plan

(Bloomberg) — As PG&E Corp. races to salvage its restructuring after a major blow, a group of creditors trying to gain control of the bankrupt utility are using the setback to reinvigorate their own plan.The creditors, led by Pacific Investment Management Co. and Elliott Management Corp., have sent a presentation to PG&E stakeholders making the case that their plan satisfies demands raised by California Governor Gavin Newsom. The governor late Friday rejected the San Francisco-based utility’s reorganization based on concerns over the company’s board structure, safety issues and debt load.The creditor presentation, reviewed by Bloomberg, was sent to Newsom’s office …read more […]

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How to Achieve Greater Equality… at the Cost of Prosperity

Some economists and politicians have advocated adopting the “European model” in the U.S.
But, as Alexander Green explains, that will provide greater equality for some at the expense of building wealth for many.

In his stand-up routine, comedian George Carlin used to joke that with so many doctors around the world, one of them had to be the absolute worst.
“The scariest part,” he said, “is that someone has an appointment with him tomorrow.”
Here’s a corollary. Somewhere out there is the world’s worst economic forecaster.
And the scary part? Millions read him in The New York Times each week… and agree with his conclusions.
I’m …read more […]

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Hedge Funds Are Dumping Alliance Resource Partners, L.P. (ARLP)

Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […] …read more […]

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Tesla Jumps as Good-News Rush Puts Cynics Into Hibernation

(Bloomberg) — Tesla Inc. shares touched their highest in more than a year after a host of positive news boosted sentiment for shares that have underperformed the broader market this year.The stock rose as much as 7% on Monday, touching the highest intraday level since August 2018. After the latest jump, Tesla shares are now up 15% this year, compared with a nearly 28% increase in the S&P 500 index.Earlier on Monday, Credit Suisse analyst Dan Levy said the electric-vehicle maker was leading in areas that will likely define the future of car making — namely, software and electrification. The …read more […]

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Cannabis 2.0 Sales Launch Today in Canada

Today’s the day!
Cannabis 2.0 sales finally kick off in Canada!
These are high-margin products – beverages, edibles, topicals, vape pens and more. And as I’ve been telling investors for years, once these products hit the shelves, they’ll buoy the earnings and revenue of Canadian licensed producers.
So… just how big of an impact will Cannabis 2.0 have?
Well, projections are for Canada’s marijuana market to be worth $3.7 billion in 2020. That’s more than double the $1.6 billion in 2019.
And, as we’ve closed in on today’s national rollout, Canada’s “Big Seven” have rebounded…

Canopy Growth Corp. (NYSE: CGC) is leading the pack, up nearly …read more […]

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6 Ways to Find Investment Money When You Don’t Think You Have Any

Too many people believe you must have thousands of dollars to start investing. That’s not the case at all.
Sure, it’s easier to invest when you have a lot of spare cash. But it’s crucial to start investing as early as you can, even if your finances are tight. If you’re middle-class or struggling financially, putting money aside to gain value over time is the only way to ensure a comfortable retirement.
The demands of everyday life might leave you with little cash left after you’ve gotten your paycheck and paid all of your bills. But a 2019 Gallup poll found that …read more […]