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Business News

Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis

Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.

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Business News

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.

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Trading Ideas

The Moment of Truth: How Much Risk Can You Handle?

Recently, the road has been rocky for individual investors…
A struggling global economy augmented by trade wars has led many to wonder whether it’s finally the end of this bull market. If our readers’ survey responses are any indication, the biggest waves are still to come.
This week, we asked our readers what worries them most about the market. We also asked them to rank their risk tolerance.
While many respondents said that their greatest worry is volatility, most indicated that they have a moderate to high tolerance for risk.

On the other end of the spectrum, 36.7% said they were “comfortable with only …read more […]

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News Fix: American Bar Association, Senators Ask Government for Clarity on Cannabis

Not all heroes wear capes.
Some of them wear suits… and speak at public hearings.
Like former Rep. Barney Frank (D-Massachusetts). Frank served in Congress from 1981 through 2013. He was a member of the Massachusetts House of Representatives from 1972 to 1980 before that. And he has been a champion for marijuana reform throughout his career.
In 1972, Frank introduced legislation that would have decriminalized cannabis and established a noncommercial legalization model in Massachusetts. In the 1980s, he co-sponsored a federal medical cannabis legalization bill. And he introduced similar legislation himself in 1995.
Frank now works in the cannabis industry. And this past …read more […]

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Business News

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.

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Business News

Airbnb records 30% growth rate in first-quarter on booking strength: source

Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

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