Susan Tompor Detroit Free Press Published 7:50 AM EST Nov 8, 2018 Looking to give your portfolio a high now that Michigan voters gave the green light to recreational use of marijuana? Well, let's just say you're not exactly the first one out there to try to catch a buzz on this one. But if you don't watch out, you could easily get caught. "It’s fertile ground for getting burned at this stage," warned the CEO of Sigma Investment Counselors in Northville. Sure, weed stocks are media darlings. On Wednesday, for example, CNBC ran the odd headline: "Marijuana stock Tilray up 30 percent after Jeff Sessions resigns under pressure." Are some speculating here that the marijuana industry won't have U.S. Attorney General Jeff Sessions, a critic of legalization, to kick around any more — perhaps paving the way for the end of the U.S. prohibition? Or maybe giving policy makers more room to make it easier for banks to serve cannabis businesses? OK, … [Read more...] about Marijuana stocks: Is it time to invest in them?
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NEW YORK (AP) — Stocks and bond prices are climbing Wednesday morning after Democrats won control of the House of Representatives in the U.S. midterm elections, while Republicans kept a majority in the Senate.The outcome was largely what investors expected. While the potential for political gridlock in Washington increases, the market reaction has not been nearly as volatile as after other political events, such as the 2016 presidential vote. Historically markets have performed well after midterm elections and with split control of Congress.The S&P 500 index gained 23 points, or 0.8 percent, to 2,779 as of 9:56 a.m. Eastern time. The Dow Jones Industrial Average rose 164 points, or 0.6 percent, to 25,795. The Nasdaq composite climbed 76 points, or 1 percent. to 7,449. The Russell 2000 index of smaller-company stocks added 4 points, or 0.3 percent, to 1,560."The market looks like it's accepted what they had expected, and that's good," said Quincy Krosby, chief market … [Read more...] about Stocks gain after midterms as tech, health care, energy rise
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Annie Linskey Globe Staff November 07, 2018 WASHINGTON — Democrats took control of the House of Representatives on Tuesday night, a rebuke of President Trump’s divisive leadership style and nationalist agenda, tempered by the Republicans’ success in keeping control of the Senate.It was a night of significant consequence, if not with an overwhelming message. It is expected to bring the president political pain in the form of multiple committee investigations and a House that will no longer be receptive to his policy proposals.A jubilant House Democratic leader Nancy Pelosi took the stage late Tuesday night to chants of “Speaker!” from the crowd of Democratic staffers, donors, and volunteers at party in a Washington hotel. Advertisement She vowed to bring back oversight of the White House, saying, “It’s about restoring … [Read more...] about Democrats take control of US House, but Republicans still control Senate
'I Voted' stickers rest on the top of a ballot box inside a polling location in Modesto, California.. (Alex Edelman/Getty Images/AFP) WASHINGTON: The first polls began to close in parts of Indiana and Kentucky on Tuesday (Nov 6) as Americans cast votes at the end of a divisive campaign to decide whether Donald Trump's fellow Republicans maintain their grip on the US Congress. The remainder of the polling locations in Indiana and Kentucky, and in half a dozen other states, will close in another hour. But it could be hours before the winners are determined in dozens of tight races that will decide control of the House of Representatives and Senate. The first national elections since Trump captured the White House in a 2016 upset became a referendum on the polarising president, and a test of whether Democrats can turn the energy of the liberal anti-Trump resistance into victories at the ballot box. The Democrats are favoured by election forecasters to pick up the 23 seats they need to … [Read more...] about First polls close as voters decide control of US Congress
David Crary, Ap National Writer Updated 8:07 am CDT, Wednesday, October 24, 2018 FILE - In this Aug. 22, 2018 file photo, Amanda Cahill of the American Heart Association speaks to a rally in support of a ballot initiative to raise the state's tobacco taxes in Helena, Mont. A measure to raise tobacco taxes to extend an existing Medicaid expansion is on the November 2018 ballot. less FILE - In this Aug. 22, 2018 file photo, Amanda Cahill of the American Heart Association speaks to a rally in support of a ballot initiative to raise the state's tobacco taxes in Helena, Mont. A measure to ... more Photo: Matt Volz, AP FILE - In this July 5, 2018 file photo, volunteer Allie Christianson of Omaha sorts late-arriving signed petitions to be added to petitions in boxes, in background, in Lincoln, Neb. The group Insure the Good Life, seeking to expand Medicaid in Nebraska, announced it has gathered more than 133,000 … [Read more...] about Ballot initiatives buck legislatures in GOP-leaning states