On December 7th, 2018, Altria (NYSE: MO), one of the oldest and largest tobacco companies worldwide, announced their intent to purchase a $2.4 billion or 45% stake in Cannabis producer Cronos Group (Nasdaq: CRON) , thus opening the door for potentially greater investment in Cannabis by Big Tobacco. This blockbuster deal came one year after… Read more »
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Core CPI was higher than expected at +0.3% for July and 2.2% year over year. Inflation expectations have taken a nose dive according to the breakeven inflation rate on TIPS (“breakeven” is the difference in yield between an inflation protected treasury bonds (TIPS) and an equivalent maturity traditional treasury yield since TIPS also appreciate at… Read more »
16-year-old Kyle ‘Bugha’ Giersdorf from Pennsylvania celebrates winning the Fortnite World Cup1 Fortnite, the free-to-play, multi-faceted online video game, has taken the gaming world by storm since its debut in 2017. Quite simply, Fortnite pits 100 empty-handed players against each other on a virtual island, as they battle to be the last person standing. Originally… Read more »
Executive Summary Regulatory Developments A vote to legalize recreational marijuana in New Jersey was called off after state lawmakers stated that they didn’t have enough votes to pass the new law. Nevertheless, top state politicians believe that a new vote could be scheduled before the state budget is set on June 30. In New Mexico,… Read more »
Executive Summary In January, what has been called the largest leak of personal information ever was found by a security researcher. Called “Collection #1,” the database contained over 773 million unique email addresses and 21 million unique passwords. A review determined the database had email addresses and passwords from over 2000 previous breaches and an… Read more »
MJ – The ETFMG Alternative Harvest ETF Surpasses $1 Billion in Assets SUMMIT, N.J. – (Wednesday, February 6, 2019) – Thematic ETF Issuer, ETF Managers Group (ETFMG), is excited to announce that the ETFMG Alternative Harvest ETF, better known as MJ, has officially joined the “billion dollar club.” After less than 14 months of trading… Read more »