“The app is the first global platform of its kind allowing cannabis consumers to connect and unite to promote happiness while de-stigmatizing and hopefully decriminalizing cannabis use around the world,” Paulo Costa said. Having been one of the top-30 downloaded apps in Brazil, the app ranks the home nation as the biggest user and therefore the happiest country.
Toshiba Corp has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years. The industrial conglomerate spooked investors last week, saying it was extending an investigation into inappropriate reporting of some infrastructure project costs and construction work. To buttress an internal probe, Toshiba on Friday appointed a panel of four outsiders, headed
Jonathan Krinsky, chief market technician at MKM Partners has identified patterns that suggest the price action in the S&P is quite positive.
Homes are selling at a faster clip this spring. But when you look at the slew of data, something still isn’t quite right in housing.
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed. The outcome was lower than the lowest estimate of 68 economists surveyed by Bloomberg. “The decline was widespread among all age and income subgroups as well as across all regions of the country,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “To be sure,
“Most of us know it’s happening but we’re not reallocating resources or efforts nearly enough given the scale,” says Richard Dobbs, a director at the McKinsey Global Institute.
With the stock market trading at or near all-time highs, the chief U.S. equity strategist Deutsche Bank tells CNBC he would not chase this rally.
Ride-sharing company Lyft Inc said it raised $150 million, led by a $100 million investment from activist investor Carl Icahn’s Icahn Enterprises LP. One of Icahn’s managing directors, Jonathan Christodoro, …
Unemployment might be low, but poor productivity proves the economy is far from full health, Nobel prize-winning economist Krugman argues.
Oil fell on Friday as renewed worries of a supply glut weighed on a market feared to be overpriced from a recent rally. Futures of North Sea Brent oil are up nearly 20 percent since the end of March, while U.S. crude has risen almost 30 percent, a rebound that appears to have overshot and could be about to correct. “A mood change is in the air,” Eugen Weinberg, global