Ethos Cannabis To Buy Seven Medical Marijuana Dispensaries From 4Front Ventures

Ethos Cannabis, a Pennsylvania-based multi-state cannabis operator, said it has agreed to acquire the rights to seven medical marijuana dispensaries in Maryland and Pennsylvania from 4Front Ventures Corp. Terms of the deal were not disclosed. Under the agreements, Ethos is acquiring the rights to one operational dispensary in Allentown, Pennsylvania, and four operational dispensaries in […]

Italy Nears Decree on $216 Billion in Guarantees to Companies

Italy is finalizing new measures aimed at providing liquidity to companies, Treasury Minister Roberto Gualtieri said. The government will guarantee loans of up to 800,000 euros at 100%, and will boost guarantees to 90% on another 200 billion euros ($216 billion) in loans, Gualtieri said in a televised comment on Rai TG1. Companies will be […]

Housing to Get a Jolt With Virus Pushing Down Mortgage Rates

The U.S. housing market is set for its strongest spring since before the financial crisis as coronavirus sends mortgage rates lower amid the global rush for safe assets. The Treasury yields that guide mortgage rates are sliding with panic over the outbreak spreading. The average for a 30-year fixed loan slipped to 3.45%, matching the […]

Here’s why the stock market sunk 1,000 points today

To understand why there was a huge decline in the stock market on Monday, you have to understand what happened last week. News that the coronavirus was spreading was hardly a secret a week ago. Cases were spreading throughout China and other parts of the Far East. Italy had a problem. Cruise ships saw the […]

HSBC Traders Accused of Profiting From Confidential FX Bets

Three HSBC Holdings Plc traders were accused of profiting from confidential information on a currency bet as a U.K. lawsuit refocused attention on a front-running scandal at the bank’s foreign exchange desk. The traders, two of whom are only identified by acronyms, took positions in the bank’s proprietary accounts “in parallel to” rigged FX hedges, […]