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Norway's Krone Tracks Commodity Exports
2020 May 22, 12:15pm | 843Read More...When seen from a US dollar (USD) perspective, the Norwegian krone (NOK) appears to be driven by two main factors: 1) the price of oil (Figure 1), and 2) the relative value of other European currencies. This isn't too surprising given that crude oil and its refined products account for 30.5% of...
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Moderna, NVIDIA, Deere Form Bright Spots Amid Worries Over U.S.-China Relationship
2020 May 22, 10:24am | 1783Read More...(Friday Market Open) This week’s optimism about a coronavirus vaccine continued on Friday, but the U.S. stock market was having trouble mounting a sizable rally as tensions about China weighed as trading got underway in the last session before the long Memorial Day weekend. On the positive...
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Friday's Market Minute: Cost of Reopening
2020 May 22, 9:41am | 238Read More...The U.S. is hesitantly opening its door for business, with all 50 states now beginning to reopen in some variation. This comes nearly two months after the coronavirus pandemic pushed the nation into lockdown. With millions of Americans out of work and many entering their third month of social...
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US, China Relations Take Another Hit Over New Hong Kong National Security Bill
2020 May 22, 4:10am | 448Read More...Troubled relations between the United States and China are set to worsen further as the latter brings in a new security law for Hong Kong. New Law To Target Anti-Beijing Protestors The Chinese lawmakers on Friday proposed a draft of the legislation for a national security law in the autonomous...
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Breaking: FAA Approves Cargo To Ride In Passenger Seats
2020 May 21, 5:46pm | 868Read More...U.S. airlines will soon fly temporary freighters with cargo, instead of passengers, in the seats. Since domestic passenger carriers began operating some aircraft in cargo-only mode two months ago, they have been largely restricted to loading freight in the lower hold where baggage and shipments...
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Over 3,000 Pounds Of Pot (Disguised As Broccoli) Seized By US Customs
2020 May 21, 5:41pm | 216Read More...The U.S. Customs Operations Office recently seized a large shipment of marijuana that was concealed as broccoli at the border of Texas and Mexico. The total shipment is believed to be valued at more than $630,000. The pot was discovered on Saturday, May 16 at an international bridge in Pharr, Texas...
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National Shipper Advisory Committee For FMC Gets Senate Push
2020 May 21, 5:39pm | 285Read More...The U.S. Senate Commerce Committee has approved a bill that would allow the formation of a committee of American shippers to advise the Federal Maritime Commission on policies related to competitiveness, reliability, integrity and fairness in ocean shipping. FMC Commissioner Rebecca Dye proposed...
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British Columbia Reports All-Time-High Cannabis Tax Revenue
2020 May 21, 4:25pm | 160Read More...As British Columbia expands the number of both private and public marijuana stores, tax recollection keeps growing. In December, the province experienced an all-time high cannabis tax revenue since legalization in 2018. It reached CA$2.5 million (US$1.8 million). That's a 44...
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Israeli Cannabis Producer CannoMed Eyes European Market, Builds Cultivation Facility
2020 May 21, 4:11pm | 268Read More...CannoMed, an Israeli cannabis company, announced Tuesday it has signed a 25-year leasing agreement for an area of 11 square meters (118.403 square-feet) in Israel. The company plans to construct a 66 square-feet indoor cannabis cultivation facility on the grounds. CannoMed is traded in...
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3 Ways Small Businesses Can Get Emergency Help Right Now
2020 May 21, 11:54am | 858Read More...Right now, millions of small businesses across America are in crisis mode. Statewide stay-at-home orders have hit every sector of the country’s economy — from hair stylists to restaurants — costing businesses most of March, all of April, and likely much of May. A survey from...
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Fintech Firm Offers Cannabis Companies A 'CashToTax' Platform In LA
2020 May 21, 10:25am | 360Read More...Fintech company Dama Financial has received approval from the Los Angeles Office of Finance to offer cannabis businesses a way to pay city taxes and licensing fees with cash. Previously, the option of cash payments had been suspended due to coronavirus. The All-Cash Problem Before the COVID-19...
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US Senate Passes New Regulations For Chinese Companies; Alibaba, Others Trade Down
2020 May 20, 2:03pm | 339Read More...The U.S. Senate approved a bill Wednesday that lead to the delisting of Chinese companies from U.S. stock exchanges. The China Legislation Senator John Kennedy submitted the Holding Foreign Companies Accountable Act for unanimous consent and the bill was approved without objection, reported...
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A Snapshot Of America's Medical Marijuana Markets: Rhode Island
2020 May 20, 11:31am | 1220Read More...Rhode Island’s medical marijuana industry has seen its share of milestones and setbacks as its market matures. The state’s legislative approach to cannabis has been conservative compared to nearby northeastern U.S. states. At the same time, lawmakers appear to be shifting...
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Massachusetts Recreational Stores To Reopen May 25
2020 May 20, 9:58am | 277Read More...Massachusetts' recreational marijuana stores will reopen to the public for curbside delivery beginning May 25, Gov. Charlie Baker confirmed on Monday. It should be noted Massachusetts was the only state that declared the preventive closure of all recreational cannabis retail stores,...
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Trump Decides Which States Get Fully Reimbursed By FEMA For Coronavirus Expenditures: WSJ
2020 May 20, 8:17am | 485Read More...President Donald Trump has the authority to issue full reimbursement for expenses incurred by states in their fight against the coronavirus pandemic, the Wall Street Journal reports. FEMA Funding Only Provides Partial Relief Thirty-nine states and territories have requested the full...
