Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday.
Colorado sold nearly twice as much recreational marijuana as it did medical cannabis last year. Data from the Colorado Department of Revenue shows that in 2017, the state sold 172,994 pounds of medical cannabis flower and 238,149 pounds of recreational flower. In 2018, it sold 147,863 pounds of medical and 288,292 pounds of recreational. Since 2014, when the state’s first retail stores opened, the number of pounds of recreational cannabis sold to consumers has increased by 646%.
The gap between medical and recreational sales isn’t surprising. Because marijuana is still illegal at the federal level, there has been very little research …read more […]
Colorado sold nearly twice as much recreational marijuana as it did medical cannabis last year. Data from the Colorado Department of Revenue shows that in 2017, the state sold 172,994 pounds of medical cannabis flower and 238,149 pounds of recreational flower. In 2018, it sold 147,863 pounds of medical and 288,292 pounds of recreational. Since 2014, when the state’s first retail stores opened, the number of pounds of recreational cannabis sold to consumers has increased by 646%.
The gap between medical and recreational sales isn’t surprising. Because marijuana is still illegal at the federal level, there has been very little research …read more […]
Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October.
U.S. stocks dipped in a broad sell-off on Monday as rising geopolitical tensions spooked investors away from equities and the extended U.S.-China trade war stoked fears of impending global recession.
Colombia’s commerce regulator said on Monday it would fine ride-hailing company Uber Technologies Inc more than $629,000 for obstructing a regulatory visit in 2017.
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance in the wake of two fatal crashes of Boeing Co’s 737 MAX planes since October.
Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 22% after voters handed its president an election mauling.
On Friday, I was doing my morning run on the treadmill as I flipped through premarket financial news.
And I watched the former head of the Food and Drug Administration (FDA), Dr. Scott Gottlieb, on CNBC’s Squawk Box.
At times, the interview had me irritated. At other points, I was nodding my head.
In my view, his comments really painted the problem American cannabis and CBD companies are faced with. And a lot of it comes down to lack of clarity.
Gottlieb stated that “all the CBD being put into food and dietary supplements is illegal.”
When those words left his mouth, I cringed at …read more […]
U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.
Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , the New York attorney general’s office, which is leading the lawsuit along with California, said on Monday.
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.-China trade war.
U.S. stocks slipped on Monday as political tensions around the world and fears that a prolonged U.S.-China trade war would push the global economy into recession sapped risk appetite.
If you’re trying to eat better, you won’t focus on the grocery store, but rather the choices you make there.
Today, Alexander Green explains why the same is true for investors: The key to health (and wealth) isn’t where you shop, but what you buy.
Tell people you are an investment analyst, and you’re bound to hear the same question over and over: “So what do you think about this market?”
“I try not to,” I often reply.
I’m not being flip. Most investors spend far too much time obsessing over the market.
Is it overvalued? Is it undervalued? Will the bull market continue? When …read more […]
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