The cryptocurrency, which is down 54% from its all-time high of $63,237 hit in mid-April, has fallen as much as 24% in the past 5 days. That $30,000 level is particularly important for Bitcoin, as Barron’s recently noted, and if it breaks, Bitcoin has a lot more room to drop. “ for any reason Bitcoin’s […]
For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. …Read the full story
At least six Bitcoin ETF applications have been submitted to the Securities and Exchange Commission, including from heavyweights like Fidelity. The SEC statement, released late on Tuesday, was mostly focused on mutual funds and whether they should offer investors exposure to Bitcoin futures. BlackRock disclosed in March that as of the end of January the […]
Wasatch Global Investors, through its Wasatch Micro Cap Value and Micro Cap funds, spent the last year building large stakes in several U.S. But the two Wasatch funds exited their cannabis holdings in the first quarter, under instructions from its compliance unit, people familiar with the matter said. Wasatch Global has $18.2 billion in assets […]
March quarter revenue grew 16% from December’s for the 23-state operator, and it says that the sequential rise in June could exceed 20%. sellers like Curaleaf to a Canadian listing and the over-the-counter trading here, where the stock was flat in Tuesday midday trading at $14.40, against a 1% drop in the overall market. The […]
Trulieve at $1.26 billion. Trulieve is a recent Barron’s stock pick, while Harvest Health was highlighted as one of a handful of mid-tier U.S. Kreindler notes that the combined entity would be the leading operator in Florida and Arizona, with significant footprints in Pennsylvania and Maryland. He notes that Trulieve has historically traded at a discount […]
Yes, Bitcoin is up almost 100% year to date, but the cryptocurrency has gone nowhere over the past month. Iron ore futures prices are up almost 7% in Monday trading, and are now up 15% during the past month. Those gains are being driven by strong demand meeting too little supply—and that’s boosting the shares […]
stock. The pension halved its position in Canopy stock, and also sliced off about a quarter of its stakes in Aurora and Cronos. Since the start of April, however, Canopy Growth, Aurora, and Cronos have slid 21%, 4.4%, and 18.7%, respectively, while the index is up 6.5%. Last year, Canopy and Aurora were cutting jobs […]
This issue marks the centenary of Barron’s, and it shocks me to realize that my time in financial journalism covers a majority of that span, if only barely. A week after I was hired—I was still a freshman in college—the Penn Central Railroad filed for bankruptcy, the first of a long string of financial crackups […]
That suggested that investors had finally gotten behind the notion that the economy really is booming and were ready to reward value stocks, the market’s cheapest and the biggest beneficiary of that growth. Just 266,000 jobs were added in April, well below economist forecasts for about a million, making it the biggest miss on record. […]
Party leaders committed to an anti-Communist boost for the country’s private sector, to 55% from 42% of gross domestic product by 2025. Nick Niziolek, head of global strategies at Calamos Investments, experienced the literal gaps in Vietnamese infrastructure on a prepandemic tour. Pouring cash into improvements should enable the government to achieve its 6.5% to […]
, a real estate investment trust based in Maryland that makes long-term investments in renewables projects. Eckel notes that Hannon Armstrong has prospered for 40 years under administrations that supported clean energy and those that set up roadblocks to its adoption, so its success isn’t “reliant on political support.” But as government policy turns more […]
Copper, a linchpin of the old energy economy, will play a crucial role in the new green one, too. Supplies, already tight as the global economy recovers, could be further strained by a predicted fivefold rise in green energy demand in the current decade, leading to significant shortages, starting in the mid-2020s, according to a […]
, which has one of the largest corporate cash hoards, owns nearly $77 billion of corporate debt and $28 billion in Treasuries. That works because the securities are mostly in regulated markets, which should make them easy to liquidate in exchange for cash if the company needs to use it. The central problem, S&P analysts […]
Sand Dollars are now loaded in mobile wallets on smartphones; to buy a beer, simply scan a QR code—more convenient than swiping a credit card or using a grubby dollar bill. China is leading the charge among major economies, pumping more than $300 million worth of a digital renminbi into its economy so far, ahead […]
Today, as the 54-year-old Jordan runs the biggest licensed marijuana company in the world, Curaleaf Holdings, the challenges of the U.S. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. …Read the full story
The S&P 500 is up 11% year to date, but it has been flat since the middle of April. The consumer-discretionary sector, though, looked like a bright spot on Friday. The key is that with its unusually large market capitalization of $1.7 trillion, Amazon represents 24% of the consumer-discretionary exchange-traded fund. For non-personal use or […]
It’s worth reading, because even though your clients may not be going all in on Bitcoin, they’re probably asking more questions about it. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. …Read the full story
Hoping to help correct this, Illinois became the first state legislature to permit recreational pot sales to adults, in a 2019 bill that made sure that the resulting business opportunities wouldn’t all go to affluent white folks. After covering the costs of the program, revenue from cannabis taxes will be split, with 40% going toward […]
Today, as the 54-year-old Jordan runs the biggest licensed marijuana company in the world, Curaleaf Holdings, the challenges of the U.S. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. …Read the full story