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Canopy Growth Snags New York Industrial Hemp License, Plans To Invest As Much As $150M

Canopy Growth Corp shares were surging Monday after the company received a license from the state of New York to process and produce hemp.

The Canadian company plans to establish a hemp industrial park in New York with large-scale production capabilities focused on hemp extraction and product manufacturing.

Depending on site approval, Canopy Growth said it  plans to invest between $100 million and $150 million in its New York operations and create roughly 400 new jobs…. CLICK for complete article

Bezos’ Net Worth Cut In Half: Amazon CEO Announces He Is Getting A Divorce

Following Bezos’ announcement of his divorce from wife MacKenzie, Amazon has a message to the public (and its shareholders in particular): Personal issues aside, Bezos will remain “focused on and engaged in all aspects of the company”.

Put another way: Please don’t sell our stock (we just put up the ‘world’s most valuable company’ plaques)….CLICK for complete article

Trump Fires Back As Big Pharma Hikes Drug Prices

The announcement last week that Bristol-Myers Squibb will acquire drugmaker Celgene in a $74-billion deal is a big bet on a line-up of cancer drugs as 2019 ushers in a push to raise the price of over 1,000 medications and earns the industry a great deal of scrutiny in Washington.

Shares of Celgene spiked on the news Thursday, while Bristol’s flopped…. CLICK for complete article

Best Sector ETFs For January: Looking For Leadership

On a historical basis, January is not as kind to U.S. equities as many investors believe it to be, but after a rough fourth quarter, the S&P 500 is starting 2019 on a strong note.

Following Monday’s gain, the benchmark U.S. equity gauge is up about 1.8 percent to start the new year…. CLICK for complete article

This Day In Market History: Warren Buffett Buys First Shares Of Berkshire Hathaway

berkshirehath

By the time Buffett bought his first 2,000 shares of Berkshire Hathaway, he’d already been trading about 21 years.

But his play in the former textile manufacturing company has become his most significant.

Buffett bought in at $7.50 a share, and with the Class A stock now worth $297,240, the initial, $15,000 investment is valued around $594,480,000, representing returns of about 39,631 percent…. CLICK for complete article

Ugly Week for Stocks: Bad Sign that Even the WSJ’s Mega-Effort to Reflate them Fizzled

bearish

This week was ugly for stocks in its own right, but it was particularly ugly because there was a major – and briefly very successful – effort by the Wall Street Journal to manipulate share prices higher. Tuesday was a bad day. Wednesday the stock market was closed. And Thursday just before noon, the Dow was already down over 700 points. It was time to pull out the big guns, namely the WSJ citing unnamed Fed “officials.” CLICK for complete article