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Crackdown coming for TMX cannabis stocks with US interests

(FinancialPress) — Canadian cannabis companies were threatened with a potential delisting by the TSX Venture Exchange (TSX.V) yesterday, which could lead to a possible exodus to more accepting exchanges sooner than later. The news travelled swiftly among those in the cannabis sector, as the exchange put its foot down regarding activities in the United States. Citing that while many states have legalized cannabis for medicinal and recreational consumption, the TSX.V pointed to the classification of marijuana as a Schedule I drug under the U.S. federal Controlled Substances Act. “The Exchange is aware that a number of U.S. states have legalized the cultivation, distribution or possession of marijuana to various degrees and subject to various conditions. Nevertheless, marijuana remains a Sche...

WADA Lifts CBD Ban for Professional Athletes and their Doctors

Markets Boom for Premium CBD Infused Functional Foods and Nutraceutical Brands A new era in sports injury treatment, performance supplements and sports nutrition has arrived. Starting January 1, 2018, athletes around the world will be able to use CBD, for the first time in the history of competitive sports. The World Anti-Doping Agency (WADA) just removed hemp-derived cannabidiol (CBD) from its 2018 List of Prohibited Substances, freeing up athletes in the largest international athletic associations in the world like the IOC and FIFA as well as major sports leagues like UFC, NCAA, NFL, NBA, NHL, MLB, and many more to use CBD-infused products as to treat pain and inflammation based disorders. As WADA is a global governing body, now athletes around the world can use CBD to treat pain, inflam...

Goldcorp says no production hit as Mexico mine blockade is lifted

(FinancialPress) — Goldcorp‘s (NYSE: GG) Peñasquito gold mine (Mexico) blockade was lifted without it harming output overall, the Vancouver-based company stated on Wednesday. The blockade had risen because of complaints from local communities regarding water, on Thursday of last week. The main access to the open pit mine had been closed down by protestors. During 2016, Peñasquito, a fully self-owned operation, produced a total of 465,000 ounces of gold. When taking into account silver, lead and zinc byproducts, their output surpassed 1 million gold-equivalent ounces. Among Goldcorp‘s recent announcements, worth highlighting are their $420m Pyrite Leach Project (PLP) at the mine. Its development has reached 40%, and it will be commissioned 3 months ahead of schedule by Q4 2018. The project ...

Google is already running out of Pixel 2 stock

(FinancialPress) — Those who were thinking of buying a Google (NASDAQ: GOOGL) Pixel 2 upon release are already set to be put on a waiting list. Most models of the phone are already showing “out of stock“ signs for pre-orders, very shortly after its launch event. Several Pixel 2 and all Pixel 2 XL models‘ stocks have been depleted, sending their delivery dates past their launch date of Oct. 19th. As per the Google Store, these are the shipping dates if you place your order today: PIXEL 2: Black 64GB: In stock. Black 128GB: In stock. White 64GB: 5-6 weeks. White 128GB: 2-3 weeks Blue 64GB: 6-7 weeks PIXEL 2 XL: Black 64GB: 2-3 weeks Black 128GB: 2-3 weeks White 64GB: out of stock, waitlist White 128GB: out of stock, waitlist. The outlook is rather bleak. While people who want the smaller Pix...

While cannabis use rises, legalization is only marginally responsible

(FinancialPress) — Cannabis consumption has been on the rise in the United States since 2005, but the legalization wave may not be responsible for the change, as per a new study by William Kerr and the Public Health Institute. The report discloses that marijuana consumption among men in America has risen to 14.7% since the early 2000s. When researchers moved the timespan to begin at 1984 and end in 2015, they found that cannabis use by women doubled up from 5.5% to 10.6%. As of 2015, 12.9% of all American adults reported regular marijuana use. Ten years before that, the percentage stood at 6.7%. While since 2012 nine more states have joined the legalization wave, and a grand total of 30 states have made medical marijuana use legal, the study puts little weight on that for the rise. Researc...

Fed‘s Fischer: Pace of rate hikes is “OK“; Inflation will pick up

(FinancialPress) — The 2nd-in-command at the U.S. central bank stated that inflation will pick up shortly. In a Wednesday interview with Bloomberg TV, Stanley Fischer stated: “I still believe we will have higher inflation.” As unemployment continues to decline, he expects wages to go up “at some stage“. Fischer‘s statement is in line with what Fed Chairwoman Janet Yellen said recently, as she also expressed that inflation should be expected to gradually go higher. With unemployment declining, wages will go up “at some stage,” Fischer said. “You have to wait a long time, usually longer than you expected to wait for something to happen, but then, if it is a very basic force… it will show up,” Fischer said. Fischer said he was satisfied with the gradual pace of rate hikes the Fed has en...

“Lovely Opponents“: Samsung to earn $4 billion more from iPhone X parts than from Galaxy S8 parts.

(FinancialPress) — A new chapter in Samsung‘s (SSNLF) lucrative partnership with Apple (AAPL) sees the Korean tech giant slated to earn more from manufacturing parts for their competitor than they will for the parts they make for their own flagship. Samsung is forecasted to bill $4 billion more to Apple for iPhone X parts than it will bill its own handset manufacturing division for Galaxy S8 parts, according to research data released on Monday by Counterpoint Technology for The Wall Street Journal. The prediction is based on projected sales in a 20-month period, which is the timespan that analysts have identified as within the one that the majority of sales of new smartphones occur after a new model is released. Counterpoint expects Apple will sell 130 million iPhone X units, earning Samsu...

LEAK: Huawei‘s new flagship Mate 10 flaunts 3 cameras; “real AI“

(FinancialPress)  — October 16th is marked as the date when Huawei unveils its new flagship product: the Mate 10. And ahead of their big date, the company‘s been making some bold statements that seem to be warranted, as per newly leaked info. Notorious leakster Evan Blass has gotten his hands on a new picture of the Mate 10 Pro – part of trio that will be announced with the launch. The picture showcases the 3 camera setup that had previously only been rumored, and also gives a subtle hint at the AI capabilities they have been peacocking about with their new hashtag: #TheRealAIPhone. The phone, which comes with a sleek edge-to-edge display with an 18:9 aspect ratio, is highlighted by its 3-camera build – a dual back-camera setup comprised of a 20mpx/12mpx combo, and a frontal 8mpx “selfie c...

OpEd: Where were you when Gazprom dethroned ExxonMobil?

(FinancialPress) — Isn’t this a day to remember not unlike the lunar landing or the day Kennedy was shot? Well, perhaps not that significant or is it? I’m talking about that point in time where ExxonMobil (NYSE: XOM) was dethroned. Dethroned you say? Well yes according to an article published in Oilprice.com. ExxonMobil has been a mainstay in that space. Who you say slayed the king?  Well that is Russian Gazprom (MCX: GAZP).  This the state sponsored energy giant which dominates Europe and is making inroads in China. Since the seventies (the rise of OPEC) we have seen where state owned, or controlled, entities have been muscling their way to gain a significantly larger voice in energy.  They have now risen to where we have little choice, but take them into account. Russia has nudged, shove...

Roku Rocks Wall St. with IPO; closes with 67% rise

(FinancialPress) —Video streaming service pioneer Roku (Nasdaq: ROKU.O) received a warm welcome to the stock market, with shares rising over 67% in their first day of trading. Roku closed the Nasdaq session with a $23.50 price tag, thus reaching a market capitalization of approximately $2.23 billion. The performance reinvigorated the sluggish U.S. IPO market. The offering began at $14, with 15.67 million Class A shares being available for trade. Despite the fact that it‘s raised more capital this far into the year than it did in all of 2016, the IPO market has slowed down significantly towards the last lap of the year. Roku was one of the first companies to provide customers with an option to move away from cable service, with its online streaming content device: the Roku DVP. Since it has...

Int‘l Coffee Day: brewing your own lattè could add to your wealth, bigly

(FinancialPress) — A computer science major from University of Oxford has laid out your way to moderate wealth: cut the lattès. It‘s a well-known fact that store-bought coffee sets you back a pretty penny over an extended period of time. Beth McMillan, a Ph.D. student in the aforementioned faculty, decided to do the actual math on the subject. Your average latte, she found, sets you back $3.19 on average. If you were to invest that, every day, into an account that pays 6% interest, for a span of 50 years, you‘d wind up with a healthy $337,942.69. In conclusion, she demonstrated that the lattè millionaire concept is a fallacy, but that‘s still a number that will get most people to reconsider their Starbucks habit. However, the computer science savant is none too impressed with the results, ...

Kurdistan and South Sudan: A Tale of Two Breakaway Oil-Rich Nations

(FinancialPress)—A new oil-rich nation is on the verge of existence in the Middle East, after an important referendum in Kurdistan took place on Monday. A new independent state of Kurdistan could possibly be the first new nation since South Sudan’s international recognition of independence was granted in 2011. The results of the referendum for Kurdish Independence from Iraq held by the Kurdish Regional Government (KRG), showed overwhelming support to split from Baghdad—with nearly 93% in favour of independence. Voters answered a simple ‘yes’ or ‘no’ to the question, “Do you want the Kurdistan Region and the Kurdistani areas outside the administration of the Region to become an independent state?” Turnout for the vote was quite high, with estimates of 72% of the 8.4 million population takin...