Latest in Cannabis Stocks Plunge
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Florida Rejects Recreational Marijuana as Cannabis Stocks Plunge
A ballot measure to legalize recreational pot failed to reach the required 60 percent threshold for passage, and publicly listed companies’ shares dropped after a major market was closed to them.Business - Inc. - November 6 -
Cannabis stocks crater as Florida fails to garner needed votes for adult use
North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.Business - MarketWatch - November 6 -
Cannabis stock valuations and investments hobbled by regulatory uncertainties, experts say
A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.Business - MarketWatch - November 12 -
Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?
Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.Business - MarketWatch - October 30 -
Trump's wealth slumps by $1.9 billion amid DJT stock plunge
Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.Top stories - CBS News - October 31 -
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.Business - CNBC - November 1 -
Pinterest stock plunges following weak Q4 revenue guidance
Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.Business - CNBC - November 7 -
Target Stock Plunges After Weak Earnings Report Ahead of Holiday Season
The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.Business - The New York Times - 2 days ago -
Green Thumb Industries looks past ‘tricky time’ for cannabis stocks as the company notches another profit
Green Thumb’s Ben Kovler says the big drop in canna stocks this week isn’t causing the Chicago-based company to change course.Business - MarketWatch - November 8 -
Trump AG pick Gaetz could be great for cannabis — but stock moves suggest confirmation is unlikely
If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.Business - MarketWatch - November 14 -
While legalizing marijuana is in limbo, FDA clears a PTSD study that could boost cannabis stocks over time
The move marks a rare action by the FDA to sanction a study on cannabis despite the plant’s current Schedule I classification under federal law as a drug with no therapeutic use, in the same ...Business - MarketWatch - 21 hours ago -
Super Micro faces deadline to keep Nasdaq listing after 85% plunge in stock
Super Micro could also get a reprieve and an extension from the Nasdaq, giving it months to come into compliance.Business - CNBC - November 15 -
Footballer denies plot to smuggle £600k cannabis
Jay Emmanuel-Thomas and two women are told they will stand trial in May during a court hearing.Top stories - BBC News - October 25 -
List: Which states have cannabis on the ballot in November?
Nearly half the country has already legalized medical cannabis, recreational marijuana, or both as of 2024.Politics - The Hill - October 28 -
FirstFT: Japan plunges into political chaos
Also in today’s newsletter, oil price falls and Franklin Templeton hit by record outflowsWorld - Financial Times - October 28 -
Target Shares Tumble on Earnings Miss
The stock fell 21% after the retailer posted disappointing quarterly results and lowered its guidance for the full year.Business - The Wall Street Journal - 2 days ago -
The real cannabis policy power lies beyond the Oval Office
Only Congress has the authority to fundamentally change cannabis laws.Politics - The Hill - November 1 -
4 states had cannabis on the ballot Tuesday: Here's what happened
Voters in four states faced questions regarding marijuana legalization on Monday.Politics - The Hill - November 6 -
Bottom Line: Cannabis industry calls in Trump transition alum
Marijuana The US Cannabis Council hired Mercury Public Affairs to lobby on issues related to the cannabis industry. The lobbyist on the account is Bryan Lanza, who served as communications ...Politics - The Hill - 4 days ago -
YouTuber Rosanna Pansino smokes cannabis grown from her father’s ashes
Influencer lights joint in first episode of podcast to honor dying wish of father, who appeared in videos as Papa Pizza. A YouTube baking influencer made her late father the star of the first ...World - The Guardian - 4 days ago -
Weed for PTSD? Eager for Better Cannabis Science, F.D.A. Clears Study.
The decision is the latest sign that federal health officials want more research on medical marijuana as its use grows.Top stories - The New York Times - 2 days ago -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
Japan’s PM vows to stay on after election debacle
Shigeru Ishiba has presided over a result that threatens to plunge country’s politics into paralysisBusiness - Financial Times - October 28 -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - October 28 -
From intern to CEO: does it pay to be a company lifer?
Executives who spend their career at one place can boost morale and loyalty but risk stifling innovationBusiness - Financial Times - October 28 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
EstéeLauder Shares Plunge 21% After It Slashes Dividend
The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.Business - The Wall Street Journal - October 31 -
Gold's price is plunging. Is this the right time to buy in?
Gold's price has dropped to a three-week low, which could present a good opportunity for investors. Here's why.Top stories - CBS News - November 6 -
Vistry shares plunge as cost overruns hit profits
UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costsBusiness - Financial Times - November 8 -
Take the plunge: where to soak, steam and sauna in NYC
The bathhouse is back, from old-school hang-outs to sleek new spasWorld - Financial Times - November 14 -
Archer Daniels Midland Profit Plunges, Revenue Falls
Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second ...Business - The Wall Street Journal - 4 days ago -
US towns plunge into debates about fluoride in water
Fights are cropping up nationwide over fluoride in drinking waterHealth - ABC News - Yesterday -
Willie Nelson on his new album, cannabis cookbook, Kris Kristofferson and what makes a good song
Willie Nelson, who is 91, will release “Last Leaf on the Tree" on Friday, his second studio album this yearEntertainment - ABC News - November 1 -
Willie Nelson Shares New Album, Cannabis Cookbook, and What Makes a Song a Hit
Legendary musician Willie Nelson released his 153rd album and has no plan to slow down.Business - Inc. - November 1
