Bloomberg

The New York Stock Exchange was forced to halt more than 200 stocks in early trading Tuesday in what was previously said to be a technical error. As it turns out, someone just fat fingered a switch. What Happened: According to a Bloomberg TV report, the chaos has been traced back to an...

Cannabis' Schedule 1 status and lack of access to banking services are two of the most significant problems facing the industry, but there’s another problem that seems to be getting bigger every year – declining weed prices. Marijuana banking reform now has slim...

Amgen Inc's (NASDAQ: AMGN) deal to acquire Horizon Therapeutics (NASDAQ: HZNP) requires a sizable loan that ranks among the biggest debt commitments for M&A deals this year. What To Know: Amgen has agreed to acquire Horizon in a deal that values the company at...

In Washington state, a leaked report shows that high-potency cannabis products are creating new regulatory risks. The report, based on government-seized samples, shows that THC levels have skyrocketed in recent years, from around 4% to more than 15%. Not only have cannabis plants...

FTX co-founder Sam Bankman-Fried saw his wealth evaporate from billions to significantly less after the collapse and bankruptcy of the cryptocurrency platform he founded. A new list of creditors suggested Bankman-Fried may have also been searchin’ for his lost shaker of salt....

Over these past several years, social media platforms have nabbed the number one spot for advertising. Why? By enabling advertisers to reach a much broader audience than TV and newspapers. As such, it’s no surprise that some of these platforms have become the to-go place for...

U.S. Senator Tim Kaine (D-VA) praised the last week’s Senate passage of a bipartisan marijuana research bill he cosponsored. “This bipartisan bill is going to remove unnecessary barriers that hinder researchers’ ability to study the potential benefits of marijuana-...

U.S. financial regulators are reportedly looking into whether troubled cryptocurrency exchange FTX appropriately handled customer cash and its connections to other units of Sam Bankman-Fried's crypto businesses.   The news comes on the heels of a report that FTX's ...

Twitter Inc (NYSE: TWTR) shares jumped Tuesday afternoon following reports that Tesla Inc (NASDAQ: TSLA) CEO Elon Musk plans to close the Twitter deal this week.  What Happened: According to a Bloomberg report, Musk on Monday "pledged to close" the...

Multi-state cannabis operator Green Thumb Industries Inc. (OTC: GTBIF) teamed up with Alimentation Couche-Tard (OTCMKTS: ANCTF) Circle K Stores, an American chain of convenience stores. Under the deal, Green Thumb will sell licensed cannabis at Circle K gasoline...

Credit Suisse Group (NYSE: CS) shares have been volatile this week amid ongoing concerns over the Swiss bank's financial health. Now it appears some of the firm's lending clients are pulling back. What Happened: One of Credit Suisse's lending businesses has reversed...

Billionaire investor Ray Dalio has finally relinquished control of the world's largest hedge fund. What Happened: According to a Bloomberg report, Dalio, founder of Bridgewater Associates, has given up control of the hedge fund 12 years after a transition plan...

As the countdown begins for Apple, Inc.’s (NASDAQ: AAPL) “Far Out” hardware launch event on Wednesday, Bloomberg columnist Mark Gurman offered his take on what he said is the most important new product unveil expected at the event. Apple Playing Catch Up To Garmin: The Apple...

This week's U.S. jobs report could be a signal for what's to come from the Federal Reserve later this month.  What To Know: The U.S. jobs report, which is due at 8:30 a.m. Friday morning, will be closely watched, as it has the potential to shift the sentiment of Fed...

General Motors Company (NYSE: GM) CEO Mary Barra recently discussed the current standing of the automotive industry and touched on the company's transition to electric vehicles; but what may be even more important is what she didn't say.  What Happened: Barra reiterated...