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 …

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 …

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, …

The Fed has a surprise in store that could mean an early end to interest rate hikes

The Federal Reserve could have a surprise in store for investors this week, even if everyone already knows the central bank is raising interest rates. Along with the quarter-point increase in the Fed’s benchmark short-term target, the policymaking Federal Open Market Committee is likely to announce another change that would …

Brazil stocks get whacked as real hits 2-year low

Brazil’s stock market has joined the horror story created by a sell-off of the country’s currency, the real, which has sunk to levels not seen since the country’s impeachment crisis two years ago. The Ibovespa benchmark stock index fell as much as 6 per cent by mid-afternoon on Thursday, recovering …

Brazil’s Temer sees no currency crisis; central bank vows to keep acting

Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America’s largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank’s intervention in the market. The Brazilian real plummeted to its weakest level in …

Wall Street will make more risky bets after rule change, with Goldman Sachs and Morgan Stanley leading the way

Goldman Sachs traders lost $180 million last year on bad bets in natural gas markets, helping cause the worst commodities trading performance in the bank’s history as a public company. The bank, a powerhouse in commodities trading for decades, had positioned itself to profit from volatility in natural gas prices …

Actively managed blockchain fund launches into crowded ETF field with bets on Square, AMD

A new blockchain exchange-traded fund launched Wednesday on the New York Stock Exchange. The REX BKCM ETF (BKC) holds shares of 32 companies working in cryptocurrencies or their underlying blockchain technology. The ETF is run by Rex Shares and actively managed by Brian Kelly, a CNBC contributor and head of …