Top Stories https://www.benzinga.com/views/taxonomy/term/138079 en Today In Cryptocurrency: Blockchain-Powered Journalism, Congress Must Disclose Crypto Investments https://www.benzinga.com/markets/cryptocurrency/18/06/11917276/today-in-cryptocurrency-blockchain-powered-journalism-congress <p>The cryptocurrency cooled further on Thursday, with most major cryptocurrencies trading down less than 1 percent on the day. Here&rsquo;s a look at some of the headlines that were moving the cryptocurrency market today &mdash; and which currencies were on the move.</p> <h3>Headlines</h3> <p>The Colorado Sun and media company Civil are launching an <a href="https://www.cnbc.com/2018/06/18/denver-post-reporters-join-blockchain-based-colorado-sun.html">ad-free publication</a> owned by reporters that uses blockchain technology to assess content, reward quality reporting and grade journalists on their work. The idea is an experiment in reducing the potential influence of advertising on journalism, and Civil plans to launch its own cryptocurrency as part of the project. Several former Denver Post reporters have already joined the Colorado Sun, which launched its first Sunriser newsletter on ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/18/06/11917276/today-in-cryptocurrency-blockchain-powered-journalism-congress alt=Today In Cryptocurrency: Blockchain-Powered Journalism, Congress Must Disclose Crypto Investments>Full story available on Benzinga.com</a></p> Blockchain Charlie Lee Cryptocurrency GBTC Litecoin today in cryptocurrency Top Stories Markets GBTC Cryptocurrency Top Stories Markets Benzinga Thu, 21 Jun 2018 21:11:56 +0000 Wayne Duggan 11917276 at https://www.benzinga.com 'Profit' Star Marcus Lemonis Invests In Young Detroit Entrepreneurs At City's Startup Week https://www.benzinga.com/news/18/06/11917910/profit-star-marcus-lemonis-invests-in-young-detroit-entrepreneurs-at-citys-start <p><strong>Camping World Holdings Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwh#NYSE">CWH</a>) CEO Marcus Lemonis offers advice and capital to struggling small businesses on the CNBC show &ldquo;The Profit.&rdquo; On Thursday, he did the same for two of Detroit&rsquo;s youngest entrepreneurs.</p> <p>Brothers Undra and Austin Mack, 12 and 11, respectively, were one of several entrepreneurs called onstage by Lemonis during his appearance at the <strong>JPMorgan Chase &amp; Co. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>)-sponsored Detroit Startup Week.</p> <h3>Budding Entrepreneurs</h3> <p>The Macks have multiple business concepts: Apply It, a tech company; C-Call, a platform that would allow bystanders to record video when a crime is in progress and call the police or a family member in the app; a lawn service; and a book about business, &ldquo;Mack Brothers Lawn Service.&rdquo;</p> <p>The book is meant to inspire youth to interact with other people rather than a TV and to make the best use of their summer, the brothers said.</p> <p>Lemonis ordered 10,000 copies on the spot &mdash; and handed his credit card to an ...</p><p><a href=https://www.benzinga.com/news/18/06/11917910/profit-star-marcus-lemonis-invests-in-young-detroit-entrepreneurs-at-citys-start alt=&#039;Profit&#039; Star Marcus Lemonis Invests In Young Detroit Entrepreneurs At City&#039;s Startup Week>Full story available on Benzinga.com</a></p> CNBC CWH Detroit Startup Week JPM Marcus Lemonis News The Profit Entrepreneurship Events Top Stories Media General JPM US46625H1005 CWH US2032331017 News Entrepreneurship Events Top Stories Media General Benzinga Thu, 21 Jun 2018 21:09:45 +0000 Dustin Blitchok 11917910 at https://www.benzinga.com Goldman Sachs Updates Its Telecom Outlook: 'The Pipes Are Not Broken' https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11915171/goldman-sachs-updates-its-telecom-outlook-the-pipes-are <p>Goldman Sachs issued Thursday a slew of rating changes on media and telecom service stocks, including <strong>Verizon Communications Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>), <strong>Charter Communications Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>), <strong>DISH Network Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) and <strong>Sirius XM Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siri#NASDAQ">SIRI</a>).</p> <h3>The Ratings</h3> <p>Goldman&rsquo;s Brett Feldman upgraded Verizon and Charter from Neutral to Buy, with price targets raised from $51 to $56 and from $315 to $361, respectively.</p> <p>Charter received a downgrade from Buy to Neutral with a price target cut from $63 to $39.</p> <p>Finally, Feldman downgraded Sirius from Neutral to Sell, maintaining his $6 price target.</p> <h3>The Theses</h3> <p>Telecom stocks have notably underperformed the market this year, despite earnings coming in broadly in line with estimates during the first calendar quarter. Meanwhile, Wall Street has only modestly revised its projections in response.</p> <p>&ldquo;We believe that broad underperformance across the sector has ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11915171/goldman-sachs-updates-its-telecom-outlook-the-pipes-are alt=Goldman Sachs Updates Its Telecom Outlook: &#039;The Pipes Are Not Broken&#039;>Full story available on Benzinga.com</a></p> Analyst Color Brett Feldman CHTR DISH Goldman Sachs SIRI T TWX VZ Upgrades Downgrades Price Target Top Stories Analyst Ratings Tech DISH US25470M1099 SIRI US82968b1035 T US00206R1023 TWX US8873173038 VZ US92343V1044 CHTR US16117M3051 Analyst Color Upgrades Downgrades Price Target Top Stories Analyst Ratings Tech Benzinga Thu, 21 Jun 2018 19:25:48 +0000 Ezra Schwarzbaum 11915171 at https://www.benzinga.com Experts: Viacom-Netflix Deal Could Spark New Media Trend Toward OTT Content Partnerships https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11916622/experts-viacom-netflix-deal-could-spark-new-media-trend <p><strong>Viacom, Inc.&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viab#NASDAQ">VIAB</a>)&rsquo;s taking an unexpected risk to compete in an evolving sector.</p> <p>Beginning with Nickelodeon, the firm&rsquo;s networks will soon produce content for <strong>Netflix, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), <a href="http://www.theinformation.com/articles/left-on-merger-sidelines-viacom-strikes-netflix-deal">according to The Information</a>.</p> <p>&ldquo;In the wake of all these <a href="https://www.benzinga.com/news/18/06/11907152/disney-raises-offer-for-fox-murdoch-convinced-of-the-pairs-magic">mergers </a>and acquisitions and their <a href="https://www.benzinga.com/news/18/06/11868465/judge-approves-at-t-time-warner-mega-deal-rules-against-doj">competitors getting bigger</a> and bigger, they had to do something,&rdquo; media consultant Brad Adgate told Benzinga.</p> <h3>The Facts</h3> <p>So far, Viacom CEO Bob Bakish confirmed Nickelodeon will develop two seasons, or 59 episodes, of cartoon mockumentary &ldquo;Pinky Malinky.&rdquo; Although Netflix will distribute the Nick-branded show, Viacom will retain licensing rights for related products.</p> <p>&ldquo;This is all about finding ways to keep Nickelodeon front and center,&rdquo; Bakish told The Information. &ldquo;[...] This will bring new consumers to the brand, and some will only consume it there, but some will consume it in more places.&rdquo;</p> <p>The financial terms and length of the deal remain unknown.</p> <p><em>Related Link: <a href="https://www.benzinga.com/news/17/08/9925902/daydreamers-line-up-as-ott-cable-networks-film-studios-battle-for-content-creator">Daydreamers Line Up As OTT, Cable Networks, Film Studios Battle For Content Creators</a></em></p> <h3>The Expectations</h3> <p>Viacom is clawing for entry into the lucrative digital world, but Marc Berman, editor-in-chief of Programming Insider, doesn&rsquo;t expect a complete shift from its cable legacy.</p> <p>&ldquo;They&rsquo;re not going to abandon their cable networks, but they want to get into the space as big and as quickly as they can,&rdquo; Berman told Benzinga. &ldquo;[...] They&rsquo;re trying to get both ends of the equation here.&rdquo;</p> <p>The strategy to partner with the biggest OTT brand rather than build an independent platform is telling of Viacom&rsquo;s self-perception.</p> <p>&ldquo;They&rsquo;re probably thinking, &lsquo;We can get more bang for the buck, much more exposure, if we align with Netflix,&rsquo; which is kind of interesting that they&rsquo;re doing that because in some ways it&rsquo;s like, &lsquo;We recognize that ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11916622/experts-viacom-netflix-deal-could-spark-new-media-trend alt=Experts: Viacom-Netflix Deal Could Spark New Media Trend Toward OTT Content Partnerships>Full story available on Benzinga.com</a></p> AMCX AMZN Analyst Color Brad Adgate CHTR DIS DISH Marc Berman NFLX Nickelodeon The Information VIAB VZ Top Stories Exclusives Tech Media AMZN US0231351067 DISH US25470M1099 NFLX US64110L1061 DIS US2546871060 VZ US92343V1044 CHTR US16117M3051 AMCX VIAB Analyst Color Top Stories Exclusives Tech Media Benzinga Thu, 21 Jun 2018 18:50:43 +0000 Elizabeth Balboa 11916622 at https://www.benzinga.com E*TRADE Adds Almost 50 ETFs To Commission-Free Plan https://www.benzinga.com/trading-ideas/long-ideas/18/06/11911280/e-trade-adds-almost-50-etfs-to-commission-free-plan <p><strong>E*TRADE Financial Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etfc#NASDAQ">ETFC</a>) said Wednesday it added 46 exchange traded funds to commission-free platform.</p> <p>With the latest additions, E*TRADE now offers more than 250 ETFs on a commission-free basis. The 46 newly added funds come from six issuers: Direxion, iShares, Janus Henderson, NuShares, Reality Shares and Vanguard.</p> <h3>What Happened</h3> <p>With more and more advisers and investors embracing ETFs, <a href="https://www.benzinga.com/investing/best-brokers-for-etfs/">brokerage firms</a> are getting on the act, offering significant amounts of ETFs without commissions. E*Trade and rivals such as Fidelity and <strong>Charles Schwab Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schw#NASDAQ">SCHW</a>) have been expanding their commission-free ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/18/06/11911280/e-trade-adds-almost-50-etfs-to-commission-free-plan alt=E*TRADE Adds Almost 50 ETFs To Commission-Free Plan>Full story available on Benzinga.com</a></p> BLCN ETFC Long Ideas QQQE SCHW Sector ETFs VEA VIG VOO Broad U.S. Equity ETFs Top Stories Trading Ideas ETFs VEA US9219438580 VIG US9219088443 ETFC US2692464017 SCHW US8085131055 VOO US9229084135 QQQE BLCN Long Ideas Sector ETFs Broad U.S. Equity ETFs Top Stories Trading Ideas ETFs Benzinga Thu, 21 Jun 2018 18:38:50 +0000 ETF Professor 11911280 at https://www.benzinga.com Micron's Latest Earnings Call Was A 'Body Blow To The Bears': Analysts Weigh In https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11916380/microns-latest-earnings-call-was-a-body-blow-to-the-bea <p><strong>Micron Technology, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) stock was trading 2.5 percent higher Thursday afternoon following a slew of bullish ratings from Wall Street. The company <a href="https://www.benzinga.com/pressreleases/18/06/g11910158/micron-technology-inc-reports-results-for-the-third-quarter-of-fiscal-">posted a third-quarter&nbsp;earnings beat</a>&nbsp;and guidance for the fourth quarter above consensus estimates.</p> <h3>The Street Weighs In</h3> <p>Despite consistently beating estimates, there has been a cloud hanging over memory companies for months. Investors have been concerned that the memory cycle have peaked.</p> <p>Micron&rsquo;s latest earnings were a &ldquo;body blow to the bears&rdquo; though, said Credit Suisse analyst John Pitzer in a note.</p> <p>Supply growth industry-wide has been structurally slowing and memory will continue to become increasingly important for developing technologies. Consensus among analysts is that these trends are real and will be long-lasting.</p> <p>Ambrish Srivastava of BMO Capital Markets, one of only a few to withhold a ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11916380/microns-latest-earnings-call-was-a-body-blow-to-the-bea alt=Micron&#039;s Latest Earnings Call Was A &#039;Body Blow To The Bears&#039;: Analysts Weigh In>Full story available on Benzinga.com</a></p> Ambrish Srivastava Analyst Color Baird BMO Capital Markets Credit Suisse Earnings Hans Mosesmann John Pitzer Kevin Cassidy MU News Rosenblatt Securities Stifel Tristan Gerra Guidance Price Target Reiteration Top Stories Analyst Ratings Trading Ideas MU US5951121038 News Analyst Color Earnings Guidance Price Target Reiteration Top Stories Analyst Ratings Trading Ideas Benzinga Thu, 21 Jun 2018 18:34:40 +0000 Ezra Schwarzbaum 11916380 at https://www.benzinga.com This Day In Market History: Penn Central Bankruptcy https://www.benzinga.com/general/education/18/06/11914540/this-day-in-market-history-penn-central-bankruptcy <p><em>Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.</em></p> <h3>What Happened?</h3> <p>On this day 48 years ago, Penn Central <a href="http://jasonzweig.com/this-day-in-financial-history/">filed for bankruptcy</a>.</p> <h3>Where The Market Was</h3> <p>The Dow closed at 716.11. The S&amp;P 500 traded at around 76.64. Today, the Dow is trading at 24,657.80 and the S&amp;P 500 is trading at 2,767.32.</p> <h3>What Else Was Going On In The World?</h3> <p>In 1970, 43 nations signed the Nuclear Non-Proliferation Treaty aimed at preventing the further spread of nuclear weapons. Paul McCartney ...</p><p><a href=https://www.benzinga.com/general/education/18/06/11914540/this-day-in-market-history-penn-central-bankruptcy alt=This Day In Market History: Penn Central Bankruptcy>Full story available on Benzinga.com</a></p> SPY this day in market history Education Top Stories Markets General SPY US78462F1030 Education Top Stories Markets General Benzinga Thu, 21 Jun 2018 18:02:15 +0000 Wayne Duggan 11914540 at https://www.benzinga.com Supreme Court Rules States Can Levy Tax On Internet Sales; E-Commerce Stocks Sell Off https://www.benzinga.com/government/18/06/11915212/supreme-court-rules-states-can-levy-tax-on-internet-sales-e-commerce-stock <p>The markets sold off sharply Thursday after the U.S. Supreme Court <a href="https://www.cnbc.com/2018/06/21/supreme-court-rules-that-states-can-force-online-shoppers-to-pay-sales-tax.html">ruled </a>that states could impose sales taxes on out-of-state online retailers.</p> <h3>Why It&rsquo;s Important</h3> <p>The decision on South Dakota v. Wayfair, a win for President Donald Trump, was not entirely expected. In April, the Supreme Court appeared to lean in favor of the precedent exempting internet retailers without physical in-state presence from collecting taxes in relevant territories.</p> <p>Some read the shift as a negative for e-markets, which may need to raise prices ...</p><p><a href=https://www.benzinga.com/government/18/06/11915212/supreme-court-rules-states-can-levy-tax-on-internet-sales-e-commerce-stock alt=Supreme Court Rules States Can Levy Tax On Internet Sales; E-Commerce Stocks Sell Off>Full story available on Benzinga.com</a></p> AMZN Donald Trump EBAY ecommerce ETSY Government News OSTK PYPL Regulations South Dakota Supreme Court W Politics Top Stories Movers Trading Ideas General AMZN US0231351067 EBAY US2786421030 OSTK US6903701018 W PYPL ETSY News Government Regulations Politics Top Stories Movers Trading Ideas General Benzinga Thu, 21 Jun 2018 14:47:37 +0000 Elizabeth Balboa 11915212 at https://www.benzinga.com Intel CEO Resigns After Discovery Of Relationship With An Employee https://www.benzinga.com/news/18/06/11914432/intel-ceo-resigns-after-discovery-of-relationship-with-an-employee <p><strong>Intel Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) CEO Brian Krzanich <a href="https://www.benzinga.com/pressreleases/18/06/b11914188/intel-ceo-brian-krzanich-resigns-board-appoints-bob-swan-as-interim-ce">resigned </a>Thursday and was immediately supplanted by CFO Robert Swan as interim CEO.</p> <p>After five years in leadership, Krzanich, who also resigned from the board of directors, had been found to have violated Intel policy by having a past consensual relationship with an employee.</p> <h3><strong>Why It&rsquo;s Important</strong></h3> <p>Krzanich led Intel through its expansion from central processing units to 5G wireless networks, artificial ...</p><p><a href=https://www.benzinga.com/news/18/06/11914432/intel-ceo-resigns-after-discovery-of-relationship-with-an-employee alt=Intel CEO Resigns After Discovery Of Relationship With An Employee>Full story available on Benzinga.com</a></p> Bob Swan Brian Krzanich INTC News Robert Swan Guidance Management Top Stories INTC US4581401001 News Guidance Management Top Stories Benzinga Thu, 21 Jun 2018 13:23:27 +0000 Elizabeth Balboa 11914432 at https://www.benzinga.com Benzinga's Daily Biotech Pulse: AbbVie Launches New Pediatric Humira, IPO Deluge Hits The Street https://www.benzinga.com/general/biotech/18/06/11912379/benzingas-daily-biotech-pulse-abbvie-launches-new-pediatric-humira-ip <p>Here&#39;s a roundup of top developments in the biotech space over the last 24 hours.</p> <h3>Scaling the Peaks</h3> <p><em>(Stocks hitting 52-week highs on June 20)</em></p> <ul> <li><strong>Agios Pharmaceuticals Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agio#NASDAQ">AGIO</a>)(announced initiation of Phase 3 ACTIVATE study, which evaluated its AG-348 in patients with Pyruvate kinase deficiency who do not receive regular blood transfusions)</li> <li><strong>AngioDynamics, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ango#NASDAQ">ANGO</a>)</li> <li><strong>Array Biopharma Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arry#NASDAQ">ARRY</a>)</li> <li><strong>Audentes Therapeutics Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bold#NASDAQ">BOLD</a>)</li> <li><strong>AxoGen, Inc Common Stock </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>)</li> <li><strong>Caladrius Biosciences Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clbs#NASDAQ">CLBS</a>) (announced that FDA granted regenerative medicine advanced therapy designation to its late stage CD34+ cell therapy program for treating refractory angina)</li> <li><strong>Cerus Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cers#NASDAQ">CERS</a>)</li> <li><strong>Coherus Biosciences Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrs#NASDAQ">CHRS</a>)</li> <li><strong>CONMED Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnmd#NASDAQ">CNMD</a>)</li> <li><strong>Glaukos Corp </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gkos#NYSE">GKOS</a>)</li> <li><strong>Jazz Pharmaceuticals PLC </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jazz#NASDAQ">JAZZ</a>)</li> <li><strong>Merus NV </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrus#NASDAQ">MRUS</a>)</li> <li><strong>Mirati Therapeutics Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrtx#NASDAQ">MRTX</a>)</li> <li><strong>MORPHOSYS AG/S ADR </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mor#NASDAQ">MOR</a>)(presented at the JMP Securities Life Sciences Conference)</li> <li><strong>Myovant Sciences Ltd </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/myov#NYSE">MYOV</a>)</li> <li><strong>NeoGenomics, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neo#NASDAQ">NEO</a>)</li> <li><strong>Neurocrine Biosciences, </strong> (Inc. NASDAQ: NBIX)</li> <li><strong>Regenxbio Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgnx#NASDAQ">RGNX</a>)</li> <li><strong>Ultragenyx Pharmaceutical Inc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rare#NASDAQ">RARE</a>)</li> <li><strong>Uniqure NV </strong> (NASDAQ: <a ...</li></ul><p><a href=https://www.benzinga.com/general/biotech/18/06/11912379/benzingas-daily-biotech-pulse-abbvie-launches-new-pediatric-humira-ip alt=Benzinga&#039;s Daily Biotech Pulse: AbbVie Launches New Pediatric Humira, IPO Deluge Hits The Street>Full story available on Benzinga.com</a></p> ABBV AGIO ANGO ANIK APTX ARRY AVRO AXGN Biotech BOLD CATB CERS CHRS CKPT CLBS CLRB CNMD CYTX GKOS IBB JAZZ KZR MGTA MOR MRTX MRUS MYOV NEO News NVIV QURE RARE RGNX RIGL RSLS SBOT XERS IPOs Top Stories Pre-Market Outlook Trading Ideas MOR ANGO US03475V1017 ANIK US0352551081 ARRY US04269X1054 CERS US1570851014 CNMD US2074101013 CYTX US23283K1051 IBB US4642875565 JAZZ US4721471070 RIGL US7665596034 NVIV AXGN BOLD NEO ABBV AGIO MRTX QURE RARE CLRB CHRS CLBS CATB GKOS RGNX MRUS SBOT MYOV CKPT RSLS APTX MGTA XERS KZR AVRO News Biotech IPOs Top Stories Pre-Market Outlook Trading Ideas Benzinga Thu, 21 Jun 2018 12:39:23 +0000 Shanthi Rexaline 11912379 at https://www.benzinga.com Canada Legalizes Recreational Marijuana Nationwide Beginning Oct. 17: Experts React https://www.benzinga.com/government/18/06/11911059/canada-legalizes-recreational-marijuana-nationwide-beginning-oct-17-expert <p>In a widely anticipated move, the Canada Senate passed a law legalizing adult use of marijuana on a federal scale. The legislation establishes the basic criteria to allow and regulate the growth, distribution, sale and consumption of cannabis. Details will be left to provinces and territories.</p> <p>Many have noted Canada has become the first G7 nation to legalize recreational cannabis. It&#39;s only the second nation in the world to do so&nbsp;after Uruguay.</p> <p>Prime Minister Justin Trudeau said the new legislation <a href="http://www.cbc.ca/news/politics/cannabis-pot-legalization-bill-1.4713839">will go into effect Oct.&nbsp;17, 2018</a>. Using cannabis recreationally before that date remains illegal. Medical cannabis&nbsp;as been legal on a federal level since 2001.</p> <p>&nbsp;</p> <h3>What It Means</h3> <p>&ldquo;The march towards global legalization took an important second step,&rdquo; said Sumit Mehta<strong>,</strong> founder and CEO of cannabis investment banking platform Mazakali. &ldquo;Cannabis as a global agricultural commodity has tremendous implications for the health of our people, plants, planet and profit. We are extremely optimistic about impact on our collective consciences as we leave this dark period of prohibition and propaganda and titrate our world ...</p><p><a href=https://www.benzinga.com/government/18/06/11911059/canada-legalizes-recreational-marijuana-nationwide-beginning-oct-17-expert alt=Canada Legalizes Recreational Marijuana Nationwide Beginning Oct. 17: Experts React>Full story available on Benzinga.com</a></p> Canada Cannabis cannabis news Electrum Partners Ellie O. Siegel Ganja Government Green Chip Stocks HMLSF IIPR invest in marijuana is marijuana ITHUF Jeff Siegel Justin Trudeau Larisa Bolivar legal marijuana legal weed Leslie Bocskor LHSIF Longview Strategic marihuana marijuana marijuana laws marijuana legalization marijuana legalize marijuana news marijuana stocks marijuanas stock Mazakali medical marijuana stock MJ MMNFF MRMD News pot Recreational Marijuana Regulations smoke weed smoking weed Sumit Mehta TCMS Global weed weed legalization Emerging Markets Politics Global Top Stories Exclusives Markets General ITHUF MJ IIPR MRMD LHSIF HMLSF MMNFF News Government Regulations Emerging Markets Politics Global Top Stories Exclusives Markets General Benzinga Wed, 20 Jun 2018 21:09:13 +0000 Javier Hasse 11911059 at https://www.benzinga.com Today In Cryptocurrency: $30 Million Stolen From Bithumb Exchange, Tether Confirms Dollar Reserves https://www.benzinga.com/markets/cryptocurrency/18/06/11910100/today-in-cryptocurrency-30-million-stolen-from-bithumb-exchang <p>The cryptocurrency cooled on Wednesday, with most major cryptocurrencies trading down less than 1 percent on the day. Here&rsquo;s a look at some of the headlines that were moving the cryptocurrency market today &mdash; and which currencies were on the move.</p> <h3>Headlines</h3> <p>It&rsquo;s a headline that has become all-too-familiar in the cryptocurrency world: another cryptocurrency exchange was hacked, this time in South Korea. <a href="https://www.cnbc.com/2018/06/19/south-korea-crypto-exchange-bithumb-says-it-was-hacked-coins-stolen.html">Bithumb says </a>at least $30 million of coins were stolen from its exchange, one of the busiest in the country. Earlier this month, Cybersecurity firm Carbon Black estimated that about $1.1 billion in cryptocurrencies have been stolen so far in 2018.</p> <p>Cryptocurrency firm Tether has <a href="https://www.reuters.com/article/us-cryptocurrencies-tether/cryptocurrency-firm-tether-releases-law-firm-report-attesting-to-u-s-dollar-reserves-idUSKBN1JG1SB">released documents</a> from law firm Freeh, Sporkin &amp; Sullivan ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/18/06/11910100/today-in-cryptocurrency-30-million-stolen-from-bithumb-exchang alt=Today In Cryptocurrency: $30 Million Stolen From Bithumb Exchange, Tether Confirms Dollar Reserves>Full story available on Benzinga.com</a></p> Bithumb Cryptocurrency GBTC GS Lloyd Blankfein News Tether today in cryptocurrency Top Stories After-Hours Center Markets GS US38141G1040 GBTC News Cryptocurrency Top Stories After-Hours Center Markets Benzinga Wed, 20 Jun 2018 20:56:47 +0000 Wayne Duggan 11910100 at https://www.benzinga.com Munster: Even If China Levies Taxes On iPhones, Your Cost Will Likely Stay The Same https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11910440/munster-even-if-china-levies-taxes-on-iphones-your-cost <p><strong>Apple Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) CEO Tim Cook is concerned iPhones could be caught in the crossfire of a U.S.-China trade war and jeopardize the 20 percent of Apple revenue exposed to the Asian nation, according to a <a href="https://www.nytimes.com/2018/06/18/technology/apple-tim-cook-china.html">New York Times report</a>.</p> <h3>What To Know</h3> <p>As yet, the company&rsquo;s safety status is uncertain. President Donald Trump was said to have told Cook that iPhones assembled in China would be exempt from damaging tariffs. However, White House trade adviser Peter Navarro <a href="https://www.cnbc.com/2018/06/19/white-houses-navarro-on-china-trade-talks-no-knowledge-of-apple-iphone-exemption.html">said </a>Tuesday he had no knowledge of such a deal.</p> <p>One Street expert maintains optimism that Apple will ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11910440/munster-even-if-china-levies-taxes-on-iphones-your-cost alt=Munster: Even If China Levies Taxes On iPhones, Your Cost Will Likely Stay The Same>Full story available on Benzinga.com</a></p> AAPL Analyst Color China Donald Trump Gene Munster Government iPhone iPhone X Regulations tariffs Tim Cook Politics Top Stories Exclusives Analyst Ratings Tech General AAPL US0378331005 Analyst Color Government Regulations Politics Top Stories Exclusives Analyst Ratings Tech General Benzinga Wed, 20 Jun 2018 20:28:10 +0000 Elizabeth Balboa 11910440 at https://www.benzinga.com The Companies Celebrating, Lamenting Trump's Slackened Immigration Policy https://www.benzinga.com/government/18/06/11909953/the-companies-celebrating-lamenting-trumps-slackened-immigration-policy <p>While reiterating his zero-tolerance policy, President Donald Trump signed an executive order Wednesday to detain immigrant families together and give them precedence in immigration proceedings.</p> <p>The decision came not a moment too soon. Earlier policies separating children from their parents had begun to pique key government contractors and draw condemnation from business leaders.</p> <p>&ldquo;We bring families together, not apart,&rdquo; <strong>American Airlines Group Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) said in a Wednesday statement.</p> <p>The airline declined any role in executing former U.S. immigration policy through its federal contracts.</p> <p>&ldquo;We have therefore requested the federal government to immediately refrain from using American for the purpose of transporting children who have been separated from their families due to the current ...</p><p><a href=https://www.benzinga.com/government/18/06/11909953/the-companies-celebrating-lamenting-trumps-slackened-immigration-policy alt=The Companies Celebrating, Lamenting Trump&#039;s Slackened Immigration Policy>Full story available on Benzinga.com</a></p> AAL AMZN CSCO Donald Trump FB GD GOOG GOOGL Government immigration MSFT News TSLA Politics Top Stories General AMZN US0231351067 CSCO US17275R1023 GOOG US38259P7069 MSFT US5949181045 GD US3695501086 TSLA US88160R1014 FB GOOGL US38259P5089 AAL News Government Politics Top Stories General Benzinga Wed, 20 Jun 2018 19:27:28 +0000 Elizabeth Balboa 11909953 at https://www.benzinga.com Buy The Dip In Oracle? The Street Debates https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11908825/buy-the-dip-in-oracle-the-street-debates <p>Shares of <strong>Oracle Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) moved lower Wednesday after the company&#39;s <a href="https://www.benzinga.com/pressreleases/18/06/r11903577/q4-fy18-gaap-eps-up-8-to-0-82-and-non-gaap-eps-up-11-to-0-99">fiscal fourth-quarter earnings report</a> came in better than expected, but management&#39;s guidance came in below expectations.</p> <h3>The Analysts</h3> <ul> <li>UBS&#39; Jennifer Swanson Lowe maintains a Neutral rating on <a href="https://www.benzinga.com/stock/orcl">Oracle</a> with a price target lowered from $53 to $48.</li> <li>Morgan Stanley&#39;s Keith Weiss maintains at Overweight, unchanged $57 price target.</li> <li>Sitfel&#39;s Brad Reback maintains at Hold, price target lowered from $53 to $50.</li> <li>Credit Suisse&#39;s Brad Zelnick maintains at Outperform, unchanged $60 price target.</li> <li>William Blair&#39;s Jason Ader maintains at Market Perform.</li> </ul> <p>Oracle&#39;s stock was trading round $43.02 at time of publication, down 7 percent on the day.</p> <h3>UBS: &#39;Little Wiggle Room&#39;</h3> <p>Oracle&#39;s <a href="https://www.benzinga.com/pressreleases/18/06/r11903577/q4-fy18-gaap-eps-up-8-to-0-82-and-non-gaap-eps-up-11-to-0-99">guidance</a> of accelerating revenue growth in fiscal 2019 implies it will see license and hardware declines that are consistent with 2018&#39;s levels and a low 20 percent growth in the cloud business, Swanson Lowe said in a note.</p> <p>While the company can likely achieve its guidance, it has &quot;little wiggle room for any missteps,&quot; Swanson Lowe said. A double-digit earnings growth is based on expectations for gross margin leverage and ongoing operating expenditure efficency gains. For the stock to break above the $45 to $55 range, the ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11908825/buy-the-dip-in-oracle-the-street-debates alt=Buy The Dip In Oracle? The Street Debates>Full story available on Benzinga.com</a></p> Analyst Color Brad Reback Brad Zelnick cloud Credit Suisse Earnings Jason Ader Jennifer Swanson Lowe Keith Weiss Morgan Stanley News Oarcle Cloud ORCL Paas SAAS Stifel UBS William Blair Guidance Price Target Top Stories Analyst Ratings Trading Ideas ORCL US68389X1054 News Analyst Color Earnings Guidance Price Target Top Stories Analyst Ratings Trading Ideas Benzinga Wed, 20 Jun 2018 18:58:06 +0000 Jayson Derrick 11908825 at https://www.benzinga.com