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, …

Chinese stocks make symbolic debut on widely followed index

Close to 230 China A shares debuted on index provider MSCI’s emerging markets benchmark on Friday, a move investors expect will attract billions of dollars in inflows to the mainland market. The partial inclusion of the A shares — yuan-denominated stocks traded on the mainland — to MSCI’s Emerging Markets …

Steve Cohen’s Point72 is bullish on Asia and likes these sectors

Steve Cohen’s Point72 is aggressively expanding in Asia. The firm, which has more than 1,250 employees globally and $12 billion in assets under management, recently opened a larger office in Hong Kong, which can accommodate more than 160 employees — an increase from about 60 employees at the end of …

Investors’ Unconditional Love for Emerging Markets Is Fading

Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies. They became unforgiving as rising Treasury yields and a stronger dollar put the case for riskier investments in the balance. Money is no longer cheap or plentiful, …

Tencent Holdings’ (TCEHY) CEO Pony Ma on Q1 2018 Results – Earnings Call Transcript

Tencent Holdings Ltd. (OTCPK:TCEHY) Q1 2018 Earnings Conference Call May 16, 2018 8:00 AM ET Executives Jane Yip – Investor Relations Pony Ma – Chairman and Chief Executive Officer Martin Lau – President James Mitchell – Chief Strategy Officer John Lo – Chief Financial Officer Analysts Grace Chen – Morgan …

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 …