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UPDATE 1-Santander to stop charging commissions on remittances to Mexico

Mexican President Andres Manuel Lopez Obrador said on Monday Spanish bank Santander will stop charging commissions as of Tuesday on remittances sent by migrants to their relatives in Mexico. Santander Executive Chairman Ana Botin “promised us this year that the bank would not charge commissions on remittances that our citizens in the United States send to their families,” Lopez Obrador said, sitting alongside Botin. …read more […]

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Ford Challenges Tesla to an Apples-to-Apples Truck Tug of War

(Bloomberg) — Tesla Inc.’s Elon Musk plainly says his pickup is a “better truck than an F-150.” Ford Motor Co. is taking issue with that claim.While releasing a series of specs last week for Cybertruck, which is scheduled to start deliveries as soon as late 2021, Musk called up a video of the the pickup in a tug-of-war against Ford’s best-selling F-150. He tweeted a clip of the test on Sunday showing his vehicle pulling a screeching Ford model up a hill.Ford thinks Musk was making an apples-to-oranges comparison. The video the Tesla chief executive officer tweeted appears to show …read more […]

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UPDATE 1-Canada's Nutrien to temporarily shut its largest potash mine due to rail strike

Canada’s Nutrien Ltd, the world’s biggest fertilizer company by capacity, said on Monday it would temporarily shut its largest potash mine due to a railway strike. The strike by some 3,200 unionized employees at Canadian National Railway Co was in its seventh day, leaving 35 vessels waiting on Canada’s West Coast. …read more […]

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Elon Musk says Tesla received 200,000 orders for cybertruck

After Tesla’s lackluster launch in Los Angeles, the automotive company’s CEO Elon Musk took to Twitter stating that Tesla’s new cybertruck received over 200,000 orders. Lending Tree Chief Economist’s Tendayi Kapfidze joins Yahoo Finance’s Adam Shapiro, Julia Hyman, Brian Sozzi and Pras Subramanian on On The Move. ” …read more […]

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Marijuana Opportunity Reinvestment and Expungement (MORE) Act Clears House Committee

Thanksgiving is just days away!
We’ll soon be stuffing ourselves with turkey and all the side dishes that round out our meal.
Then we’ll nap, watch some football and likely do some holiday shopping.
We also have a shortened trading week in front us. But by no means does that mean there’s less market-moving news to digest.
Last week, our High Five focused on U.S. multistate operators (MSOs).
And, boy, did they deliver!
And adding to the bright earnings from Green Thumb Industries (OTC: GTBIF), Trulieve Cannabis (OTC: TCNNF) and others was a major catalyst out of Capitol Hill.
This triggered a massive rally…
Pass MORE
Even though pot …read more […]

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The Man Who Teaches Your Kids to Hate Capitalism

Last week, Alex discussed a recent debate of socialism versus capitalism that he attended.
How is it possible that socialism won? Our free market system provides endless opportunities where socialism has continually failed.

To be a successful investor, you have to understand a few basics about how the economy works.
You also need to know what doesn’t work. Indeed, what has never worked.
One of those things is socialism, currently favored by millennials and Gen Xers.
Two weeks ago, my mind was blown when the audience at an Intelligence Squared debate in New York City fell for the bogus arguments, misstatements of fact and outright …read more […]