Category: Uncategorized

(Bloomberg) — It’s been nearly two years since Canada became the first G20 country to legalize cannabis for recreational purposes. However, the majority of customers are still getting their pot from the illicit market — with a lot of ground left to cover. Read More

Illicit Pot Still Dominates After Two Legal Years — Financial Post

Microsoft Corp on Sunday said in a court filing that Apple Inc’s threat to cut off the creator of “Fortnite” from Apple’s developer tools would hurt Microsoft’s gaming business, as well as other game developers. Read More

Microsoft says Apple’s move against ‘Fortnite’ creator would hurt its games — Financial Post

BEIJING — China’s July aluminum imports leapt nearly sevenfold year-on-year to their second-highest level on record, customs data showed, as a rare price phenomenon saw the world’s top exporter of the metal turn net importer for the first time since 2009. Read More

China turns net aluminum importer in July for 1st time since 2009 — Financial Post

Could a cashless society work? Should the idea become reality?

Over the last four years the budget of the IRS has shrunk more than usually. The one government office we all agree to avoid. This is not a good thing. Government services must be paid for, like the Post Office. The group who benefit the most from the smaller IRS is the group who owe the must, the economically advantaged.

An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy.

https://www.propublica.org/article/how-the-irs-was-gutted?utm_medium=social&utm_source=facebook&fbclid=IwAR0pImnnVWNnB4cnJDfif8SeN-cZSc2-bwNR26nAKO8Ryu0Y-8rNr0Xakmc

SINGAPORE/NEW YORK — Asia’s stock markets bounced on Friday following Wall Street’s lead, but were set for their softest week in about a month as investors grapple with tepid economic data and lofty valuations after a huge rally that has wiped out coronavirus losses. Read More

Record-breaking stocks take a breather, data weighs on dollar — Financial Post

Short-term home rental company Airbnb Inc said on Wednesday it filed confidentially for an initial public offering with U.S. regulators, setting the stage for one of 2020’s marquee U.S. stock market debuts. Read More

Airbnb files for IPO as short-term rental market rebounds — Financial Post

(Bloomberg) — Six months ago, exchange rates would have mattered less in a global investor’s stock-picking process. Now with the dollar facing what some warn is an existential threat, currencies are in the limelight. Read More

Decline of the Dollar Has Wall Street Rethinking Stock Strategy — Financial Post