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 …

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 …

Paul Tudor Jones warns the next recession will be ‘really frightening’

Legendary global macro trader Paul Tudor Jones is warning that asset prices are too high. And furthermore, he’s concerned about what the next recession might look like. He shared his thoughts on Monday during a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” …

Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt

Foreign governments pulled back their purchases of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data are available — …

The mysterious trader known as ’50 Cent’ appears to be back betting on more stock market chaos

It looks as if the swashbuckling volatility trader known as “50 Cent” is already plotting his comeback. Known for his consistent purchases of bite-size Cboe Volatility Index (VIX) options — usually costing about 50 cents — the trader has historically positioned himself to profit from market turbulence. But he took …