Finance

Biden Administration Reclassifying Marijuana As Schedule III Drug

Topline The Department of Justice moved to reclassify marijuana as a less dangerous drug Thursday, in a historic move that could pave the way for a major expansion of medical use, though the proposal still needs final approval before becoming official. President Joe Biden announced marijuana will be reclassified as a Schedule III drug after …

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Moms are flocking to use desks that have cribs attached. They say it allows them to balance motherhood with their careers.

When Maegan Moore returned to work about two months ago after the birth of her first child, she found a unique solution for balancing her career with mothering: a work-play desk that lets her care for her baby, Eleanor, while also having a dedicated workspace. “For her age, it’s been awesome,” Moore told Business Insider. …

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A Google executive shares the 5 things to avoid doing for a successful career

Charlie Munger, the legendary investor and Warren Buffett’s right-hand man, was once asked what it takes to be a successful investor. His reply was surprising, if not simple: Think of the things you will do that will make you fail and just avoid doing them. Avoiding ruin is better than chasing after fast and easy …

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Looks like Elon Musk’s belated 40th birthday present to Mark Zuckerberg is reviving that bizarre cage match bet

Forget regular birthday presents like socks or a fun mug. Turns out, if you’re Elon Musk, the biggest birthday present you can gift to a tech world nemesis may just be yourself. All of this is to say that one day after Mark Zuckerberg’s 40th birthday, Elon Musk is back on their old beef, bringing …

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Dow Jones Industrial Average climbs 300 points, easing US CPI inflation sparks rate cut bets

Dow Jones continues march to fresh all-time highs, approaching 40,000.00. US CPI inflation ticked lower in April, sparking fresh Fed rate cut hopes. US Retail Sales eased, further bolstering hopes that downturn will push Fed to cut. The Dow Jones Industrial Average (DJIA) clipped into a fresh all-time high on Wednesday, gaining almost nine-tenths of a …

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Canadian Dollar vaults over Greenback as US CPI inflation cools

Canadian Dollar weaker on Wednesday but climbs over retreating USD. Canada housing and manufacturing figures mixed with little impact. Easing US inflation renews September rate cut hopes. The Canadian Dollar (CAD) weakened on Wednesday as one of the day’s weakest performers, but the CAD will have to settle for second-worst as the US Dollar (USD) …

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Mexican Peso soars amid mixed US CPI, US Dollar dips

Mexican Peso recovers after two-day decline, buoyed by weaker-than-expected US CPI report. US CPI miss leads to cooling inflation, boosting prospects for Fed rate cuts. US Treasury yields drop, DXY falls 0.60% to 104.39, weakening Greenback. Minneapolis Fed’s Kashkari questions monetary policy restrictiveness amid unexpected consumer spending levels. The Mexican Peso erased two days of …

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