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UPDATE 1-Boeing says delays on 737 MAX grounding could force it to halt production

Significant additional regulatory requirements or delays in returning Boeing Co’s 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in a letter seen by Reuters on Thursday. Boeing said it does not expect 737 MAX order cancellations due to the grounding of its best-selling single-aisle jet to have a material impact on revenues or earnings. The 737 MAX, Boeing’s best-selling plane, has been grounded worldwide since March after crashes in Indonesia and Ethiopia that killed 346 people in the span of five months. …read more […]

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Will Marijuana Prohibition End in 2020?

As 2019 draws to a close, let’s reflect on some of the biggest stories of the year for cannabis… and take a peek at what lies ahead for 2020.
We recently invited our friends Justin Strekal from the National Organization for the Reform of Marijuana Laws (NORML) and Morgan Fox from the National Cannabis Industry Association to sit down with us for our first ever “Legislative Roundtable.”
There are few individuals who better understand the inner workings of cannabis legislation than Justin and Morgan.
For a decade, they have had their fingers on the pulse of what’s going on in Washington, D.C. – …read more […]

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Charlie Munger’s Checklist for Investing

Even though he plays “second fiddle” to Warren Buffett, billionaire Charlie Munger is a compelling character with a lot to teach investors.
Today, Nicholas Vardy shares some of Munger’s wisdom on how to grow your wealth.

I recently revisited one of my favorite figures in the world of investing: Charlie Munger.
Munger may be the vice chairman of Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B), but he does not have the high profile of his lifelong investment partner.
Still, even Buffett is quick to admit that Munger is the far more compelling character. And once you read what Munger has to say, it’s hard to …read more […]

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There’s Still Time for Golf Amid Venezuela Oil Industry Collapse

(Bloomberg) — Despite economic chaos and political paralysis, Venezuela’s beleaguered oil industry has still found time for one long-standing tradition: The charity golf tournament.The country’s oil chamber, an industry group, and Chevron Corp., one of just a handful of American companies still allowed to do business in the South American country, are sponsoring the Dec. 7 event.The Copa Chevron will take place at Maracaibo Country Club in the oil-rich state of Zulia, Venezuela’s Texas. According to a notice for the event, several prizes are up for grabs — in dollars, rather than the heavily devalued domestic currency — including $200 …read more […]

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Marriott’s Foray Into Short-Term Rentals No Longer an Experiment — It’s a Business: Exec

When Marriott announced it was officially going into the short-term rental space in April of this year, the move certainly turned heads. Would the largest hotel company in the world find success in a sector where other corporate hotel brands have struggled? Is it making an explicit move on Airbnb? And does this mean Marriott […] …read more […]

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Best Places to Retire in Hawaii

Hawaii isn’t the most affordable state, but it regularly ranks near the top of any list for retirement. How is this possible? The best places to retire in Hawaii may be more expensive than places in the mainland U.S., but they’re also home to the best weather in the country, multi-faceted cultures and growing recreational communities.
According to Bankrate’s annual report, Hawaii ranks as the 10th best state for retirees. While its crime ranks 24th overall and its affordability ranks at a staggering 45th, Hawaii is inside the top 10 for every other ranking category. These categories include weather (in which …read more […]

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Uranium Miners Rise After Trump Panel Urges U.S. Buy Domestic

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A White House task force’s recommendation that President Donald Trump direct the federal government to buy more uranium from domestic producers sent shares of U.S. mining companies higher Thursday.The purchase of uranium by the U.S. Defense Department is among the recommendations being made by the U.S. Nuclear Fuel Working Group, comprised of cabinet level and other high-ranking officials, according to two people familiar with the matter who requested anonymity to discuss non-public deliberations.Energy Fuels Inc. surged 18%, the most in …read more […]

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Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

Hospitality company Sonder has ambitions to become the next-generation Hilton or Marriott as part of its plan to radically redefine the industry. The San Francisco-headquartered firm has raised a total of $360 million in funding and has been putting the money to use growing in cities across the world. Speaking at Skift Short-Term Rental Summit, […] …read more […]