May 23, 2023

Michigan’s record-breaking marijuana recall has now turned into a covert legal dispute, out of sight of the public and media. Cannabis Case Shrouded In Secrecy The case revolves around allegations made by the Cannabis Regulatory Agency (CRA) against Viridis Laboratories, accusing the lab of producing inaccurate test results and inflating THC potency data. Viridis denied the claims and […]

Authored b y Simon White, Bloomberg macro strategist, The current bounce in equity markets from October continues to outpace historical rallies in bear markets, bolstering the case that the low may be in for this cycle. It always pays to remember that the path of least resistance for stock markets is up. Bear markets are

Facing significant economic pressures and to avoid a potential Nasdaq delisting, electric vehicle manufacturer Lordstown Motors Corp RIDE announced Tuesday it will execute a 1:15 reverse stock split on May 24. The decision was greenlit by the stockholders Monday in an annual meeting. The company’s reverse split is a strategic gambit aimed at complying with

by Vandana Singh, Benzinga Editor May 23, 2023 9:49 AM | 5 min read Wall Street Journal Yelp Stock Soars: Activist Investor Recommends Exploring Sale At Double Value Activist investor TCS Capital Management has built a stake in Yelp Inc YELP and urged the service-recommendation site to explore strategic alternatives, including a sale. TCS Capital believes that

A majority of Americans disapprove of President Joe Biden’s handling of the economy, a new survey has found. What Happened: About 66% of the respondents said they disapprove of Biden’s handling of the economy compared to 33% who approve, an AP-NORC poll conducted May 11-15 found. The poll was conducted among 1,680 adults nationwide, Republicans

Putnam Investments, with $169 billion in assets under management as of April, tweaked its technology portfolio in the first quarter and increased its holdings in a major energy company.  What Happened: According to its 13F filings with the SEC, Putnam Investments raised its stakes in Apple Inc AAPL and Meta Platforms Inc META during the quarter. Meta shares have

Major cryptocurrencies posted gains on Monday evening, buoyed by the latest developments in the ongoing U.S. debt ceiling crisis.  Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin BTC/USD +1.62% $27,059 Ethereum ETH/USD +2.40% $1,838 Dogecoin DOGE/USD +3.12% $0.073 What Happened: Bitcoin has been trading within a tight range of $26,500 to $27,500 for nearly

NEW YORK, May 22, 2023 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for BA, WMT, NKE, XOM, and SONY. To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link. (Note: You may have to copy this link into your browser then press the [ENTER] key.)