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GW Pharmaceuticals Jumps As DEA Moves Cannabis-Derived Drug To Low Risk Category

GW Pharmaceuticals Jumps As DEA Moves Cannabis-Derived Drug To Low Risk Category

Shares of GW Pharmaceuticals jumped in late morning trading after the company said Epidiolex will be now classified as a Schedule V controlled substance, the lowest ranked class, instead of a Schedule I drug, which had been widely expected. DEA RESCHEDULES EPIDIOLEX: GW Pharmaceuticals announced this morning, along with its U.S. subsidiary Greenwich Biosciences, that […]
AUD/USD Showing Signs Of A Potential Near-Term Top

AUD/USD Showing Signs Of A Potential Near-Term Top

As my colleague Fawad Razaqzada noted earlier today, the US dollar has caught a bid today after traders reevaluated yesterday’s FOMC meeting and deemed it moderately hawkish. Though the central bank removed the phrasing about monetary policy remaining accommodative from its statement, Fed Chair Powell was at pains to emphasize that that change was more procedural than anything. […]
Looking Back, Looking Ahead

Looking Back, Looking Ahead

In this year’s first column I said that GDP would grow 3 percent or more in 2018. Few agreed, but now it’s a sure thing. Because of economic strength, I predicted that the Fed would raise interest rates and raise them again, frustrating President Trump along the way. They did. Expect more tweets. I also […]
Will Britain Ever Manage To Leave “Hotel California”?

Will Britain Ever Manage To Leave “Hotel California”?

Last thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any time you like, But you can never leave!”[i] The Eagles lyric from the 1970s is nearly […]
The Fed Is Flying Blind

The Fed Is Flying Blind

US interest rates keep creeping upwards, largely because the US Federal Reserve (Fed) is expected to ramp up borrowings costs further in the coming quarters. The Federal Funds Rate is now in a bandwidth of 1.75 to 2.0 per cent, and the yield on 10-year Treasuries has recently climbed slightly above the 3 per cent […]
Most Active Equity Options And Strikes For Midday – Thursday, Sept. 27

Most Active Equity Options And Strikes For Midday – Thursday, Sept. 27

Data Courtesy of Trade Alert 
7 Cannabis Industry Updates Investors Need To Know

7 Cannabis Industry Updates Investors Need To Know

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The cannabis sector has been coming off its recent highs and this comes as companies are working tirelessly to be prepared for the Canadian recreational cannabis market. Today, we have highlighted seven company […]
September Regional Fed Manufacturing Overview

September Regional Fed Manufacturing Overview

Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
If Bitcoin Wants To Follow Bitcoin Cash, It Needs To Cross This Resistance Line

If Bitcoin Wants To Follow Bitcoin Cash, It Needs To Cross This Resistance Line

The moves in Bitcoin are paling today in comparison to the forked-out Bitcoin Cash. The smaller cryptocurrency is surging on the Bitmain IPO and the Gemini listing. But what about the BTC/USD? The top cryptocurrency is looking for a direction and here are the levels to watch. The Technical Confluence Indicator shows that Bitcoin first needs to cross the $6,555 level […]
Q2 GDP Third Estimate: Real GDP At 4.2%

Q2 GDP Third Estimate: Real GDP At 4.2%

The Third Estimate for Q2 GDP, to one decimal, came in at 4.2% (4.16% to two decimal places), an increase from 2.2% for the Q1 Third Estimate. Investing.com had a consensus of 4.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an […]