Global debt jumped by $8 trillion in Q1, rising to record $247 trillion

The amount of debt held in the world rose by the largest margin in two years during the first quarter of 2018, growing by $8 trillion during the first three months of the year, the Institute of International Finance reported Tuesday. Global debt has now risen to more than $247 …

Marijuana laws take effect Sunday in Massachusetts, Vermont

Laws permitting the sale and personal use of recreational marijuana come into force Sunday in Massachusetts and Vermont, respectively. In Massachusetts, adults 21 and over can legally purchase recreational marijuana from state-licensed dispensaries starting Sunday, July 1, when parts of a pot law approved by voters in November 2016 take …

Musk says Tesla pushed out 7000 Model 3’s last week, beating its original goal of 5000

Tesla produced 7,000 Model 3 electric sedans in the last week of its second quarter, CEO Elon Musk said on Sunday, beating a self-imposed deadline. The final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Musk, two workers at the factory …

Millennial investors are flocking to the first marijuana company to hit the New York Stock Exchange (CGC)

The first marijuana stock to ever trade on the world’s most famous stock exchange might be struggling to gain momentum, but that’s not deterring millennial investors. Shares of Canopy Growth — which moved its stock listing from Toronto to the New York Stock Exchange last month — have have been …

Bank shares surge after most get the go ahead from the Fed to raise dividends, buybacks

The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Bank shares rose broadly on the news, with Bank of America, Citigroup and J.P. Morgan Chase trading at least …

Canopy Growth Corporation (CGC) CEO Bruce Linton on Q4 2018 Results – Earnings Call Transcript

Bruce Linton Great. Thank you. I would like to start the call off by reminding everybody of the business win, and I know that the headlines continuously talk about the parties commenced in Canada on October 17th, which from my American friends is a week after our Thanksgiving and I …

Sarepta shares rocket 40% on promising early results for DMD gene therapy

Sarepta Therapeutics Inc. shares skyrocketed 37.8% in Tuesday trade after the company released promising early results from a gene therapy program being developed for the rare degenerative disease Duchenne muscular dystrophy. Tuesday marked the stock’s second-largest percentage gain in over 20 years. Its largest-ever percentage gain came in September 2016, …