News
Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers […]
U.S. stocks finished lower on Thursday for the second day in a row as Minneapolis Federal Reserve Bank President Neel Kashkari played down the odds of the Fed pausing its interest-rate hikes, while investors awaited an update on the state of the U.S. labor market due out Friday. The S&P 500 SPX, -1.02% finished down […]
The legendary Chicago improvisational-theater company Second City is set to open a location in New York, its first, according to Crain’s Chicago Business. The new location, in the Williamsburg section of Brooklyn, is to consist of an 11,900-square-foot space comprising a mainstage theater, seven classrooms, and a restaurant and bar, Crain’s reported. The comedy institution, […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the support. In this case, the pair is expected to break 5/8 (0.9826) and then continue growing towards the resistance […]
Shares of cannabis companies rallied Thursday after President Joe Biden said he would pardon federal offenders for simple pot possession. Biden also asked for a review on marijuana’s current status as a Schedule 1 controlled substance under U.S. law. U.S. cannabis companies listed on the OTC as well as Canadian cannabis companies moved up sharply. […]
President Joe Biden on Thursday said he will pardon all prior federal offenses of simple possession of marijuana. “There are thousands of people who have prior federal convictions for marijuana possession, who may be denied employment, housing, or educational opportunities as a result,” Biden said in a statement. “My action will help relieve the collateral […]