Marijuana Weekly News Roundup
Governor Tom Wolf will sign legislation Sunday creating a medical marijuana program in Pennsylvania, now the 24th state in the U.S. to legalize medical marijuana. The measure was finally passed by the state legislature…
All Work
Paul Ausick
Grocery Prices Fall for First Time in 2 Years
When the U.S. Department of Labor reported inflation numbers last week, the “food at home” category showed a drop of 0.5% on an unadjusted basis for the past 12 months. The state of Indiana’s…
Taxes and Tokes: Taxing America’s Top Cash Crop
Legalizing marijuana for recreational use included as part of supporters’ story the amount of tax money a state could realize from the sale of cannabis and cannabis-related products. And while marijuana taxes have mostly…
10 Top Cities for First-Time Home Buyers
Mortgage rates are near three-year lows, and in real terms housing prices have reverted to their levels of 2003.
Wal-Mart Is Nation’s Worst Grocery Store
A recent survey of grocery shoppers showed that 87% were somewhat or extremely satisfied with their most recent trip to their primary grocery store.
Oil Rig Count Drops by 3, Hedge Funds Go Long
In the week ended April 15, the number of rigs drilling for oil in the United States totaled 351, according to the latest Baker Hughes North American Rotary Rig Count.
Marijuana Price Adds 1% to $1,970
For the week ended Friday, April 15, the spot price index for a pound of cannabis rose 1% to $1,970, according to Cannabis Benchmarks.
The 52-Week Low Club for Friday
April 15, 2016: Here are four stocks trading with relatively heavy volume among 8 equities making new 52-week lows in Friday’s session. The day’s NYSE and Nasdaq decliners led advancers by about 5 to…
The 4 Stocks That Sank the Dow on Friday
April 15, 2016: Markets opened essentially flat Friday after higher-than-expected economic data from China. The U.S. industrial production data came in below expectations. Energy, tech, and financials led the losers today. WTI crude oil…
2016 Data Breaches Added 5 Million Exposed Records Last Week
A total of 247 data breaches have been recorded through April 12, 2016, and more than 11.25 million records have been exposed since the beginning of the year.
SunEdison Seeks Financing for Likely Bankruptcy Filing
In a filing with the SEC Friday morning, SunEdison said it has entered into confidentiality agreements with certain of its first- and second-lien lenders related to proposed debtor-in-possession financing.
Merrill Lynch Now Sees Tahoe Resources as a Top Gold Stock to Buy
Merrill Lynch has reinstated gold and copper miner Tahoe Resources with a Buy rating and a price objective of more than $14.
El Niño Departs, La Niña Comes Knocking
Given the strength of the El Niño event this past winter, the National Weather Service has said that chances are increased for the formation of a La Niña pattern in the second half of…
Humvee Replacement Faces 6-Month Delay
U.S. defense department officials are saying that the Joint Light Tactical Vehicle (JLTV) program to replace the venerable Humvee is expected to be six months late.
Ford Underperforms, BMW Outperforms in EU March Car Sales
The European Automobile Manufacturers Association (ACEA) reported Friday that new vehicle registrations in the European Union rose 6% in March.
The 52-Week Low Club for Thursday
April 13, 2016: Here are two stocks trading with relatively heavy volume among just 3 equities making new 52-week lows in Thursday’s session. The day’s decliners led advancers on both the NYSE and Nasdaq…
The 4 Stocks That Buoyed the DJIA on Thursday
April 14, 2016: Markets opened slightly higher Thursday following rather cool data on the consumer price index and fewer new claims for unemployment benefits than expected. Equities spent most of the rest of the…
Boeing Adds 8 737s to Order Book
In its most recent report on new orders, Boeing reported that as of April 12 it has received net new orders totaling 130 jets in 2016.
Breitburn Energy Suspends Distributions on Preferred Shares
Breitburn Energy Partners has suspended some monthly distributions and also said it will defer an interest payment of approximately $33.5 million due Thursday.
Valeant Debt Downgraded at S&P
Valeant Pharmaceuticals got another dose of bad news Thursday morning. Standard & Poor's Ratings Services dropped the Canadian drugmaker's corporate credit rating