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Cannabis banking bill ‘faces an uphill climb in this Congress,’ analysts warn before Senate hearing
Cannabis stocks have scored a boost from optimism around Thursday’s hearing on a bill that would protect banks that work with the industry, but some analysts are downbeat on the SAFE Banking Act’s chances of becoming law. “We believe the cannabis banking effort faces an uphill climb in this Congress, but there will be mile…
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SPY | SPDR S&P 500 ETF Trust Overview
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5 things to know about the petit basset griffon Vendéen, the dog breed that just claimed a top prize
Is there a new “it” dog breed? That might be the question some are asking now that Buddy Holly, a petit basset griffon Vendéen, took home the top prize at the Westminster Kennel Club dog show on Tuesday. It marked the first time a dog representing the hound-type breed, which is known especially for their…
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Who will win Big Tech’s race for the best AI assistant: Google, Apple, Meta or Amazon?
Personal assistants such as Alexa and Siri are being offered by the biggest names in technology, and Morgan Stanley analysts said Wednesday that one company should be favored to take a big chunk of that market as artificial intelligence adds to their capabilities. Morgan Stanley analysts think Alphabet Inc.’s GOOG GOOGL Google is best positioned…
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Disney to increase price of ad-free streaming again, add Hulu to Disney+ and remove some content
Walt Disney Co. will increase the cost of ad-free Disney+ subscriptions this year while adding Hulu content to the Disney+ streaming service and removing some shows from streaming entirely, executives announced Wednesday. Disney DIS executives have been making changes to their streaming strategy in an attempt to lose less money from offering its content directly…
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Office REITs with this falling profitability metric are a worrying sign, Barclays says
Declining cash flows at several big office landlords might be the next big worry for embattled office properties. Office landlords largely benefited from long-term tenant leases in place when the pandemic took hold in early 2020, but cash flows lately have begun to erode as more tenants downsize their office space as hybrid work looks…
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ZIP Stock Price | ZipRecruiter Inc. Cl A Stock Quote (U.S.: NYSE)
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Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobbles
Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remains muted when compared to last year. But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including things like IRAs and forays…
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How debt-ceiling worries could play out in risky corporate bond market, according to CreditSights
The longer the debt-ceiling debate goes unresolved, the more pressure that risks building in credit markets. “Congress and President Biden have only a handful of scheduled days in session to come to an agreement to raise or suspend the debt limit,” CreditSights analysts led by global head of strategy Winnie Cisar said in a note…
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Affirm stock sinks as loss more than triples, bank stress and rising rates spark concerns
Affirm Holdings Inc.’s wounded shares sank anew Tuesday afternoon, as the buy-now, pay-later service saw losses more than triple in its most recent quarter and faced interest-rate concerns. Affirm AFRM reported a fiscal third-quarter loss of $205.7 million, or 69 cents a share, more than three times the loss of 19 cents a share recorded…