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Tag Archives: Investing

Canopy Growth Stock Still Growing

Stock Trading Charts

Cannabis company Canopy Growth saw its stock climb another 10 percent on Monday following its announcement last week that beer company Constellation Brands is upping its investment in the Canadian company to nearly 40 percent. The stock was trading at just over $37 a share on the New York Stock …

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Y Combinator Expanding to China

Victoria Harbour Hong Kong China

U.S. accelerator Y Combinator is expanding to China after it announced the hiring of former Microsoft and Baidu executive Qi Lu who will develop a standalone startup program that runs on Chinese soil. Shanghai-born Lu spent 11 years with Yahoo and eight years with Microsoft before a short spell with …

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Waymo: Worth Way Mo

Waymo Driverless Chrysler Pacifica Van on road

The valuation estimates keep climbing for Alphabet’s self-driving car unit, Waymo. In a note to clients Tuesday, Morgan Stanley estimated the division, which graduated from Google’s secretive X lab to full-fledged subsidiary in 2016, could now be worth a whopping $175 billion thanks to three key business areas. Business Insider   More …

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Musk Comments Unrelated to Business Hurt Tesla Shares

Elon Musk Boring Co.

Over the weekend, Tesla CEO Elon Musk, long known for mounting blistering attacks on detractors, went off the deep end, as it were. Vernon Unsworth, a British diver involved in the rescue of a dozen Thai children trapped in a flooded cave, had the audacity to critique Musk’s mini-sub, a …

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Global Commerce is Getting an AI Assistant from J.P. Morgan

CBOE Trading Floor

J.P. Morgan’s latest attempt at furthering automation in finance is happening in its treasury services division, a key business that helps corporate clients from Honeywell International to Facebook move money around the world. Unseen by retail consumers, the unit handles an average of $5 trillion daily, from the mundane (payroll …

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Good Day for Cryptocurrencies

Bitcoin Stock Photo

Bitcoin and Ether, the two biggest digital coins, spiked in early afternoon trading as positive news for the sector continues. Square Inc. said earlier Monday that New York granted the company a virtual-currency license, letting customers in the state buy and sell Bitcoin, which has lost more than half its value this …

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