Amid wild volatility in marijuana stocks this week, former Goldman Sachs macro trader Michael Novogratz shorted Tilray — but says he still thinks the marijuana industry will make it. In five or six years, we will have a monster weed business," Novogratz said on CNBC's "Fast Money." Shares of Canadian marijuana company Tilray fell sharply Friday, concluding a wild week that captivated investors. Novogratz said he couldn't help but to jump into the mix and short Tilray — a point he teased Thursday
If you're thanking your lucky stars that Tropical Storm Gordon isn't heading for your neighborhood, it's probably time to review your insurance coverage. While it's too late for homeowners in its path to make insurance changes, people in other hurricane-prone areas could take it as a reminder that the next big storm could be headed their way. The Atlantic hurricane season runs from June 1 to Nov. 30, although the peak season is mid-August to late October. Last year, that included Hurricanes Harv
It remains to be tested if reversing these changes can help prevent disease, or even slow aging – an intriguing possibility. Along with DNA, proteins, and fats, glycans are one of the four major macromolecules essential for life. In other words, these sugar molecules can greatly influence how our proteins do their work, and even how our cells will respond to stimuli. The main job of glycans is to modify the proteins and fats that sit on the surface of our cells. By sensing the type of sugar coat
An offshore earthquake with a magnitude of 6.3 hit 302 km (188 miles) west of Bandon, Oregon, on Wednesday, the United States Geological Survey (USGS) said. The quake was recorded at a depth of about 10 km, according to the USGS website. No immediate tsunami warning was posted.
Turkish banks are pulling back on credit to consumers and businesses. Even by Turkish standards the steel industry is in a tough spot, as Mr. Dalbeler conceded. President Trump imposed a 50 percent tariff on Turkish steel after talks broke down to win the release of the detained pastor, Andrew Brunson. Years ago, Mr. Dalbeler said, Iraq was the Turkish steel industry’s biggest market. “In oncology there are no substitutes,” Mr. Sarialioglu said.
Stocks in emerging markets fell sharply Monday as a financial crisis in Turkey that sent its currency plummeting last week worsened. Turkey shares led the way lower, as the iShares MSCI Turkey ETF (TUR) plunged about 11 percent. The Turkish currency fell more than 14 percent on Friday after President Donald Trump announced he was doubling metals tariffs on Turkey. Turkey's central bank tried to ease global investors' fears on Monday, stating it will provide as much liquidity as needed to the cou
Discovery missed analyst estimates for quarterly profit on Tuesday, as the owner of Discovery Channel and Animal Planet took on more costs related to integration of the recently acquired Scripps network. Discovery completed the $11.9 billion acquisition of Scripps in March integrating Scripps' largely female-focused lifestyle channels such as HGTV, Travel Channel and Food Network with Discovery's channels, whose viewers are primarily male. However, profit fell as Discovery's costs nearly doubled
At Carports & More, based in El Dorado Hills, California, nearly half of the 65 job candidates scheduled for interviews the past month didn’t show up. At VoiceNation, an Atlanta area call center, a similar share of the 10 hires the company was making each month never came in to work. In the hottest job market in decades, workers are holding all the cards. A growing number are "ghosting" their jobs: blowing off scheduled job interviews, accepting offers but not showing up the first day and even v
Disney shares downgraded to sell on concern the battle for Fox has placed company in an unwinnable situation
Disney's shares are up 9 percent this month amid the battle for Fox and hopes of overall industry consolidation in the wake of a judge's decision on Tuesday to allow the AT&T-Time Warner merger proceed. On Wednesday, Comcast bid $65 billion for the Fox units currently set to be acquired by Disney. Comcast's cash bid represents a 19 percent premium to Disney's offer in stock. "For the moment we are leaving our valuation of Disney and leaving the assumptions incorporated into our model unchanged.
The shocking deaths of iconic fashion designer Kate Spade, 55, and gifted chef and storyteller Anthony Bourdain, 61, are spurring important discussions about mental health. They are also a chilling reminder that a sudden death can affect any family. A number of the leading causes of death in the United States are events that could happen without warning. Regardless of the cause, an unexpected death has an enormous impact on a family mentally, emotionally and physically. It can also affect family