Month: March 2020

Congress unleashed “the fiscal firehose.” …read more […]

The market is very focused on the negative ramifications of the global economic shutdown from the coronavirus outbreak. The cannabis sector will be hit as hard as any sector if retail stores are closed in certain, but some states such as California have already identified medical cannabis as essential.The U.S. cannabis sector could be hit harder with all of the companies in growth mode while facing liquidity issues. The sector remains trapped outside the traditional financing avenues due to government regulations with cannabis being illegal at the federal level.Despite all of these headwinds, the U.S. cannabis market saw several states …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

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As the coronavirus escalates across the United States, businesses and individuals are concerned with how this will affect their taxes, despite the deadline being extended to July 15. …read more […]

(Bloomberg) — Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.Western Canadian Select crude in Alberta dropped to a record low of $5.03 a barrel on Friday, according to Bloomberg data going back to 2008, cheaper than a Starbucks venti-sized pumpkin spice latte. Synthetic crude, produced from oil-sands bitumen that’s been run through an upgrader, is in even worse shape: the price tumbled 10% to $9.78 a barrel, also the lowest on record.Canadian heavy crude …read more […]

(Bloomberg) — Lawmakers in Washington are making it easier for Americans struggling with the fallout from the coronavirus to draw on the trillions of dollars in their 401(k)s and other retirement accounts.For a limited time, Americans would be able to withdraw money from tax-deferred accounts without penalties under a stimulus package approved by the Senate and awaiting a vote in the House. Rules on 401(k) loans would also be relaxed, and some retirees would avoid so-called required minimum distribution, or RMD, rules that might have been onerous.Read more: House faces urgency to act on Senate’s $2 trillion virus rescue billSome …read more […]

(Bloomberg) — The recent popularity of Blue Apron Holdings Inc.’s mail-order meal kits is giving the struggling company a much-needed boost, but some industry watchers say that will pass once the coronavirus outbreak abates.Blue Apron is attracting new users in part because fresh ingredients can be hard to find in supermarkets right now, said Dan McCarthy, an assistant professor of marketing at Emory University’s Goizueta Business School. However, he notes the company was “bleeding customers very consistently” up until recently and that’s likely to be the case again once people return to their normal lives.“The amount of repeat business they …read more […]