No Picture
Trading Ideas

North Korea's Kim meets with South's Moon for 2nd time

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un and South Korean President Moon Jae-in met for the second time in a month on Saturday to discuss carrying out the peace commitments they reached in their first summit and Kim’s potential meeting with President Donald Trump, Moon’s office said. …read more […]

No Picture
Trading Ideas

Elon Musk may never deliver a $35,000 Model 3—and that would actually be great news for Tesla (TSLA)

Tesla CEO Elon Musk admitted that selling a $35,000 version of the Model 3 would be a disaster for the company. Everybody has been giving Tesla CEO Elon Musk a hard time for his savage Twitter ways of late, myself included. For example, Musk offered this tweet in response to a question about when the long-promised $35,000 Model 3 sedan would arrive, after he announced a $78,000 high-performance trim level: “With production, 1st you need achieve target rate & then smooth out flow to achieve target cost. …read more […]

No Picture
Trading Ideas

Is Legal Marijuana a Seasonal Industry?

I’m sure all of our readers can name a few seasonal industries.

Tourism and hospitality earnings obviously fluctuate throughout the year. Some energy companies are affected by annual shifts between summer-blend and winter-blend gasoline. And it’s no secret that many retailers make most of their money in the last three months of the year.

But did you know that legal marijuana sales are also seasonal?

They sure are.

This week’s chart – compiled by Marijuana Business Daily using data from the Colorado Department of Revenue – shows a consistent surge in marijuana sales in the spring and summer and a drop-off in the fall.

This …read more […]

No Picture
Trading Ideas

Canceled summit raises stakes for China over North Korea

President Donald Trump’s abrupt withdrawal from his planned summit with North Korea raises the stakes for China to show that it can steer the North toward easing tensions over its nuclear program. Trump’s cancellation of the June 12 meeting in Singapore with Kim Jong Un would appear to make the North Korean leader more reliant on China. Kim had only weeks earlier been sipping tea and strolling through seaside gardens in the port of Dalian with Chinese President Xi Jinping on a surprise trip to China that seemed designed to project Beijing’s closeness with the North. …read more […]

No Picture
Trading Ideas

Trump takes steps to ease firing of federal workers

President Donald Trump on Friday signed a trio of executive orders to overhaul the federal bureaucracy by making it easier to fire federal workers for poor performance and misconduct, requiring that departments and agencies negotiate better union contracts and limiting the amount of time certain federal workers can spend on union business. “These executive orders will make it easier for agencies to remove poor performing employees and ensure that taxpayer dollars are more efficiently used,” Andrew Bremberg, Trump’s chief domestic policy adviser, told reporters at a briefing. …read more […]