Cannabis stocks experienced a boost on Wednesday following the approval of the Secure and Fair Enforcement Regulation Banking Act by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The bill, now known as the SAFER Banking Act of 2023, aims to open up the financial system to legal cannabis companies. This momentous development marks a significant step forward … [Read more...] about U.S. Senate Committee Approves Bill to Open Financial System to Cannabis Companies
Forex News
Normalization of Yield Curve Signals Positive Economic Outlook
The relationship between short and long-term bond yields is in the process of normalizing, signaling a positive outlook for the economy. This normalization has important implications for select groups of stocks. Understanding the Yield Curve The yield curve refers to the difference between short and long-term bond yields. Typically, longer-term yields are higher to account for … [Read more...] about Normalization of Yield Curve Signals Positive Economic Outlook
CarMax Reports Decline in Q2 Earnings
CarMax Inc.'s stock (KMX) experienced a 6.5% decline in premarket trade on Thursday following the release of its second-quarter earnings report. The Richmond, Va.-based used car retailer faced continued pressure within the sector, resulting in a decrease in net income compared to the same period last year. For the quarter ending on August 31, CarMax reported a net income of … [Read more...] about CarMax Reports Decline in Q2 Earnings
Apple Shares Struggle as iPhone 15 Fails to Boost Stock
Apple's shares, represented by the ticker symbol AAPL, have been experiencing a downturn, making it the worst month for the technology giant so far in 2023. Surprisingly, even the introduction of the highly anticipated iPhone 15 hasn't managed to reverse the trend. In premarket trading on Thursday, Apple shares saw a marginal increase of 0.3% and were priced at $169.99. … [Read more...] about Apple Shares Struggle as iPhone 15 Fails to Boost Stock
Apple Shares Head for Worst Month of 2023
Apple shares are on track for their worst month of 2023, despite the recent launch of the highly anticipated iPhone 15. The stock has been struggling, with no relief in sight. Current Status of Apple Shares In premarket trading on Thursday, Apple (ticker: AAPL) shares were slightly up by 0.3% at $169.99. However, the stock closed at its lowest level since early May the previous … [Read more...] about Apple Shares Head for Worst Month of 2023
