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CannTrust Changes Name To Phoena, Here Is What You Need To Know
CannTrust Equity Inc. announced its new corporate name, Phoena Holdings Inc. "This is a truly exciting and trans-formative time for our company," stated Greg Guyatt, CEO, "Phoena reflects who we are t
Report: Global Cannabis Beverages Market Expected To Reach $2B By 2026
As the COVID-19 pandemic continues, the global market for cannabis beverages estimated at $799.8 million 2020, is projected to reach a revised size of $2 billion by 2026, growing at a CAGR of 16.9%, a
CannTrust Plans for Potential Wind-Down of Business Amid Liquidity Troubles
By Adriano Marchese CannTrust Holdings Inc. on Thursday warned it doesn't have the necessary liquidity to operate for much longer and that it is planning an orderly wind-down of the company i
Goldman Sachs bullish on commodity prices says there is no need to worry about the Fed's tough stance
Recently, there has been a "surge" in commodities, and market participants have different views on how long the rise in commodity prices will last. Goldman Sachs also gave their latest forecast on Monday. Goldman stressed its previous judgment that there was no need to worry about commodities being affected by the Fed's tough stance or flattening of the yield curve. Goldman Sachs had expected that the April non-farm payrolls report reduced the likelihood that the Fed would cut back on bond purchases by the fourth quarter of this year, but still expected FOMC to start reducing debt early next year. According to Goldman Sachs, the commodities ideal is emerging. There are still opportunities for commodities in the next 12 months: "Yes."
Powell promised not to tighten monetary policy easily, and major assets rebounded one after another
Powell spoke to quell the volatility and the market rebounded again. At 23:00 on Tuesday, Federal Reserve Chairman Powell attended a committee hearing to testify on the semi-annual monetary policy report. Powell first commented on the economic path, saying that economic growth slowed sharply after the summer rebound, but recent developments suggest that the economic outlook will improve later this year. Ongoing vaccinations offer hope for a return to normal later this year, but the path of economic development still depends largely on the epidemic and containment measures. As for the labor market, Powell said that the improvement of the labor market
It is reported that Apple Inc approached Nissan about cooperative car building, but to no avail.
Apple Inc has approached Nissan in recent months to discuss cooperation on its mysterious self-driving car project, but the talks have come to nothing because of differences over Apple Inc's brand positioning, according to people familiar with the matter. The two companies had only brief contact and the dialogue did not rise to the senior management level, the source said. Earlier this month, South Korea's Hyundai said it had concluded talks with Apple Inc on a self-driving car project after reports that the company had a preliminary dialogue with Apple Inc.
The Nikkei 225 index hit 30,000 for the first time since 1990.
The Nikkei 225 index hit 30,000 in early trading on Monday for the first time since August 1990, a sign that Japan's domestic economic recovery is intact and benefited from progress in the US stimulus package. At one point in early trading, the index rose 1.6 per cent, a step further on the road back to bubble-era levels. The broader Topix index recently hit an all-time high, rising to its highest level in nearly 30 years. Although global stock markets have hit record highs in recent months, the Nikkei 225 index still needs to rise nearly 30% to break through the last trading day of 1989.
Goldman Sachs Group: what are the implications for the market from the strengthening of long-term US bond interest rates?
This article is from Wind. Us long-term bond yields are showing signs of rising as the economy recovers and expectations of fiscal stimulus rise, with 30-year yields hitting a high of 2 per cent since March 2020 this week. It is worth noting that despite the rise in yields, U. S. stocks hit new highs overnight. Goldman Sachs Group mentioned this "bizarre" scene in the market recently and analyzed the impact of higher interest rates on long-term bonds on the market. 1. How does the recent rise in interest rates affect the US stock market? Since Pfizer Inc (PFE.US) announced an effective vaccine candidate in early November last year, the United States 10
CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
DJ CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs By Stephen Nakrosis Cannabis company CannTrust Holdings Inc. on Wednesday said it entered into a restructuring
Southeast Asian ride-hailing software giant Grab is considering going to the United States for IPO this year.
Singapore-based ride-hailing software and food distribution giant Grab is considering the possibility of listing in the US this year after it concluded merger talks with Indonesian rival Gojek, according to people familiar with the matter. The IPO could raise at least $2 billion, setting a record for overseas share offerings by Southeast Asian companies. The plan, including the size and timing of the issue, has not yet been finalized and will depend on market conditions, the source said.
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