Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company …

Intrigue and Revolt Grip Cannabis Powerhouse Canopy Growth

There were bizarre developments at publicly-traded cannabis company Canopy Growth Corporation on Wednesday. Canopy Growth announced that co-CEO and founder Bruce Linton would “step down as co-CEO.” Yet Bruce Linton called into CNBC later that day and told the business news network: “I think stepping down might not be the right phrase. I was terminated.” …

Ted Cruz Outraged as Nike Yanks Controversial Flag Sneaker

Nike’s decision to yank the Air Max 1 Betsy Ross release sneakers has received mixed responses from commentators, although some of them may have gotten their flags mixed up. Betsy Ross Flag Deemed Offensive Former NFL quarterback and political activist Colin Kaepernick criticized the manufacturer for plans to release a shoe with Betsy Ross’ 13-star …

Sky High Dow Faces Painful Correction as Catastrophic Earnings Awaits

The Dow Jones Industrial Average (DJIA) briefly hit a record high in yesterday’s trading session. But the optimism could be short-lived with all signs pointing to a disastrous second-quarter earnings season. 77 percent of companies that have released Q2 guidance have warned they’ll underperform Wall Street estimates. It’s the most negative earnings backdrop in 13 …

Netflix Says to Binge-Watch The Office as NBC Takes Show Back

Netflix announced on Tuesday that NBC would not extend its licensing agreement for the hit comedy “The Office” beyond January 2021. NFLX stock shed about 3 percent on the day. Why is this move significant for Netflix? It all comes down to competition, and ultimately, the company’s economics. Licensing on Its Way Out When Netflix …