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An employee displays cannabis buds in a greenhouse in Ontario, Canada. Photographer: Cole Burston/Bloomberg Despite the historic news that Canada has finalized its legalization of cannabis for adults, with an implementation date of October 17th, the stocks of the Canadian producers have been under pressure lately, with the Canadian Cannabis LP Index closing on Friday
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Networking company stocks fell off Friday following a report by The Information that Amazon Web Services is considering selling its own network switching devices. Cisco dropped 4 percent by the end of trading, representing a loss in stock value of roughly $8.5 billion. Juniper gave up more than 2 percent. Arista Networks dropped more than
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Shares of wearables maker Fitbit (NYSE:FIT) were red-hot in May and early June. FIT stock rallied from $4 to $8 on renewed optimism regarding the company’s pivot into smartwatches. Investors were also getting excited about the company’s long-term growth prospects through enterprise data partnerships. But then FIT stock hit a wall called reality in mid-June. Fitbit’s
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Cisco Systems Inc. (NASDAQ:CSCO) stock has gone nowhere since its last disappointing earnings report in May, but in a rising market, hope springs eternal. The shares have yet to recover from a dour forecast and light services revenue. But analysts are now pounding the table for a new concept, unified communications, where Cisco is expected to
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Russian President Vladimir Putin meets with his American counterpart on Monday. Expect fireworks and collusion hashtags. (Photo by Mikhail Svetlov/Getty Images) President Trump and Vladimir Putin meet on Monday. Oh no. Run for your life. It’s collusion. Go nuts on Twitter; hyperventilate… Bloomberg’s Leonid Bershidsky said it best when he predicted the July 16 meeting
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Bryan R. Smith/AFP/Getty Images Round two of bank earnings kicks off next week. Bank of America reports before market open Monday, Goldman Sachs before the open Tuesday and Morgan Stanley before the open Wednesday. This morning brought results from JP Morgan, Wells Fargo and Citigroup.  JP Morgan topped earnings and revenue estimates, and its trading
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Warren Buffett’s grandson Howard is a Columbia University professor. He’s also a big believer in businesses creating social value by collaborating rather than competing with each other. Socially responsible investments, suggests the younger Buffett, are the way of the future. “Truly, business interests and societal interests can be one and the same,” Howard Buffett wrote
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Bigger isn’t always better when it comes to dividends. Deutsche Bank recently pointed out “the first half of 2018 has seen the sharpest underperformance of dividend stocks since the financial crisis”, as measured by the Dividend Aristocrats. Source: ©iStock.com/MarkgrafAve Most readers are already familiar with this group of 53 names within the S&P 500 index,
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