President Trump now supports legislation to protect the growing cannabis industry in states that have legalized the drug. This positive federal move lifts a threat to the marijuana industry made by the anti-pot U.S. Attorney General Jeff Sessions just a few months ago. Colorado Sen. Cory Gardner (R) said that he has received a clear […]
Microsoft founder and billionaire Bill Gates (net worth $91 billion!) thinks it’s guaranteed that the world there will face another major financial crisis, maybe even one worse than 2008. He just can’t say when. The tech titan, philanthropist and Warren Buffett confidant offered this alarming assessment during a Reddit “Ask Me Anything” session last week […]
Bank of America investment strategists are now calling the rise and fall of Bitcoin in late 2017 and early 2018 “one of the greatest asset price bubbles in history.” After nearing $20,000 in mid-December, the virtual currency fell to $6,598 in mid-April. It trades this morning at around $8,050. Merrill chief investment strategist Michael Hartnett […]
After a decade of uninterrupted rising share prices, investors were in for a rude awakening — the S&P 500 has posted its first quarterly loss since 2015 and the bond markets did not fare much better. Investor apprehension is rooted in the onset of an entirely new and dramatically different investment climate. Many investors are […]
Chinese investments in American business interests fell by more than a third from 2016 to 2017. A research report by the Rhodium Group and the National Committee on U.S.-China Relations reveal a startling drop in Sino-backed investments. Most interestingly, the drop in Chinese investment interest fell long before President Donald Trump’s self-waged international trade war. […]
People choose to save for a variety of reasons. Whether that is for a new car, a new house, or anything worthwhile, there are good reasons to save. Too often, though, smart, well-educated people with high salaries don’t know how to invest their hard-earned money. Far too often, too, these people will poorly choose to […]
Listen up Zuckerberg. Apple co-founder Steve “Woz” Wozniak came out with a strong major message for Facebook CEO Mark Zuckerberg. “It should bother all of us how much data they had access to, like profile info that we think is private,” Wozniak wrote in an email to CNNMoney. “My disgust goes to Facebook. But, like […]
John Boehner is joining the board of Acreage Holdings, one of the biggest U.S. cannabis companies and one that aims to profit from selling marijuana products as the states relax regulation, despite current federal prohibition. Prior to taking up the job of selling cannabis to Americans, former GOP leader Boehner was one of the most […]
Increased global demand for precious metals, particularly copper, has increased negotiating leverage in foreign markets that mine those metals. Market prices for copper continue to rise considerably in the wake of this newfound leverage. The price of copper, for instance, rose significantly in value this year to $7,000 a ton. In 2016, a ton of copper was […]
The brewing trade war between the United States and China may benefit investors in emerging markets looking for new opportunities. The Trump administration looks to enforce a tariff of $100 billion on 1,300 Chinese imports. China responded with an economic counterpunch of its own — a 25% tariff on more than $50 billion of U.S. imports […]
