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The man who built Canopy Growth into the world's biggest cannabis grower before being ousted told us why he picked pet-food CBD and psychedelics for his next ventures

1 month ago   |   By Business Insider

Bruce Linton, the former Canopy Growth CEO, is pursuing a number of new ventures, both inside and outside of the cannabis space .
He'll be taking on new positions as the executive chairman of Gage Cannabis Co., a Michigan dispensary chain; special advisor at Better Choice Company, a CBD pet food supplier; and as a director at Mind Medicine, a company developing psychedelic-based drugs for FDA approval.
Business Insider caught up with Linton on the sidelines of the Cannabis Private Investment Summit in Midtown Manhattan.
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Facebook, Ford, and other blue-chip companies are backing a coalition to stop Trump from imposing tariffs without Congress' approval

Facebook, Ford, and other blue-chip companies are backing a coalition to stop Trump from imposing tariffs without Congress' approval

1 month ago   |   By Business Insider

A group of business lobbies - which count Facebook and Ford among their members - has created a new coalition to stop Trump enacting tariffs without approval from Congress.
The National Foreign Trade Council said the US relies too heavily on tariffs, which doesn't necessarily benefit the economy as a whole.
The NFTC said Congress has the powers to regulate commerce and therefore should "reassert its authority to ensure that tariffs are only used in limited circumstances."
View Markets Insider's homepage for more stories.
A group of business lobbies - which count Facebook and Ford among...
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Trade War Update: More China Stimulus, Less China Shoppers

Trade War Update: More China Stimulus, Less China Shoppers

1 month ago   |   By Forbes

China playing Survivor against Trump: Outwit. Outlast. Outplay. A weaker U.S. economy will do Xi no favors.
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Blackstone CEO Steve Schwarzman Says Recession Is “Unlikely Now”

1 month ago   |   By Fortune

Stephen Schwarzman says he has lived through seven major market declines or recessions in his 50 years working on Wall Street. The CEO of Blackstone Group lists them in his new book What It Takes: 1973, 1975, 1982, 1987, 1990-1992, 2001, 2008-2010. Through all those experiences, he writes that there are “simple rules” for identifying them.
So what about now? Is the U.S. headed into a recession as so many economists and market pros are predicting?
“It's unlikely now,” he tells me, adding, “but that doesn't mean we won't have a lower growth rate.”
Despite signs of a slowing U.S. economy and...
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The investment chief at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought'

The investment chief at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought'

1 month ago   |   By Business Insider

Prudential Financial chief market strategist Quincy Krosby says investors should still be willing to take some risks even though stocks look expensive and trade war fears persist.
Krosby told Business Insider the sectors she's still investing in despite those liabilities, and explained the factors that make each so promising.
Her top calls include some portions of the stock market that have been left behind during the rally in equities in 2019.
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Blackstone CEO Stephen Schwarzman reveals new details about his role as an intermediator between Presidents Trump and Xi in the US-China trade war

Blackstone CEO Stephen Schwarzman reveals new details about his role as an intermediator between Presidents Trump and Xi in the US-China trade war

1 month ago   |   By Business Insider

Blackstone CEO Stephen Schwarzman shared fresh details about his role in the US-China trade war in an interview with Business Insider and his new book, "What It Takes."
The 72-year-old billionaire told us about his vantage point as a confidant and friend to President Donald Trump and as a trusted source to the Chinese government.
According to Schwarzman, his conversations with President Xi Jinping led to a US-China meeting to take place at Trump's Mar-a-Lago resort in Palm Beach in April 2017. It triggered intense dialogue in trade negotiations.
Schwarzman made eight trips to China in 2018...
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Under Armour climbs after founder Kevin Plank steps down as CEO

Under Armour climbs after founder Kevin Plank steps down as CEO

Under Armour announced Tuesday that CEO Kevin Plank will step down. Current chief operating officer Patrik Frisk will replace him in the top spot on January 1, 2020 . Shares of... Read more ...

18 high-paying seasonal jobs that are hiring now

18 high-paying seasonal jobs that are hiring now

Black Friday and the holidays are quickly approaching - and with increased in-store and online purchases comes an added need for retail employees across all divisions. Some... Read more ...

2 pregnant cofounders raised $9 million for a startup that tackles a...

2 pregnant cofounders raised $9 million for a startup that tackles a universal problem for millennial parents

Finding childcare is a chore for many parents. A startup called Winnie helps them search for preschools and daycares nearby. The online marketplace aggregates data from... Read more ...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly drops him following his sexist comments

Billionaire money manager Ken Fisher has lost close to $1.8 billion in client funds after making sexist comments at a recent conference, according to CNBC . Asset manager... Read more ...

Nearly 60% of the world's banks wouldn't survive an economic downturn...

Nearly 60% of the world's banks wouldn't survive an economic downturn, McKinsey says

Nearly 60% of the world's banks aren't strong enough to survive a downturn. The banks' returns on equity are too low relative to their costs, McKinsey & Company said in a new... Read more ...

Pizza Hut is testing a new round pizza box that looks like a spaceship and...

Pizza Hut is testing a new round pizza box that looks like a spaceship and is meant to keep pizza fresher

Pizza Hut is testing new round pizza boxes on Wednesday at a restaurant in Phoenix, Arizona. The pizza boxes, made by food startup Zume , were designed to keep pizza hotter... Read more ...

China has overtaken the US to have the most wealthy people in the world

China has overtaken the US to have the most wealthy people in the world

China has overtaken America as the home of the highest number of rich people in the world. There are 100 million Chinese among the richest 10% of people in the world, compared... Read more ...

How the Internet of Things will transform consumerism, enterprises, and...

How the Internet of Things will transform consumerism, enterprises, and governments over the next five years

The Internet of Things is fueling the data-based economy and bridging the divide between physical and digital worlds. Consumers, companies, and governments will install more... Read more ...

Signal AI raises $25 million to automate reputation management and monitoring

Signal AI raises $25 million to automate reputation management and monitoring

Signal AI , a startup leveraging AI to automate business intelligence and media monitoring tasks, has raised over $25 million. Read more ...

5G Meets AI: NVIDIA CEO Details ‘Smart Everything Revolution,' EGX for Edge...

5G Meets AI: NVIDIA CEO Details ‘Smart Everything Revolution,' EGX for Edge AI, Partnerships with Leading Companies

The smartphone revolution that's swept the globe over the past decade is just the start, NVIDIA CEO Jensen Huang declared Monday. Next up: the “smart everything revolution,”... Read more ...