The Week In Cannabis: Stocks Up By Double Digits As Legalization Momentum Grows

This was a great week for cannabis stocks, with all major U.S.-traded ETFs posting double-digit gains. Over the five trading days of the week: The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 12% The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 13.3% The Cannabis ETF (NYSE:THCX): rose 18% The Amplify Seymour Cannabis ETF (NYSE:CNBS): closed […]

Ghislaine Maxwell Taken Off Suicide Watch, Claims Mistreatment Including ‘Numerous Body Scans’

Ghislaine Maxwell Taken Off Suicide Watch, Claims Mistreatment Including ‘Numerous Body Scans’ Tyler Durden Wed, 08/12/2020 – 13:00 Lawyers for Ghislaine Maxwell say she’s being “treated worse” than similar detainees because prison officials have resorted to extreme measures to keep her alive until trial in just over 330 days. “Until recently, Ms. Maxwell was subjected […]

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Willie Brown Tells Kamala Harris To ‘Decline’ If Tapped For Biden VP

Willie Brown Tells Kamala Harris To ‘Decline’ If Tapped For Biden VP Tyler Durden Mon, 08/10/2020 – 18:55 Former San Francisco Mayor Willie Brown (D) said that if Joe Biden taps her as his running mate, she should decline – as becoming Vice President would curtail her political ambitions. “Historically, the vice presidency has often […]

South Dakota Gov Reportedly Made ‘Replica’ Of Mt Rushmore With President Trump Added On

South Dakota Gov Reportedly Made 'Replica' Of Mt Rushmore With President Trump Added On Tyler Durden Sat, 08/08/2020 – 22:30 The nationwide fervor that gripped college students, and a coalition of other “marginalized” groups, comprising the American “anti-neocolonial” coalition, has seemingly dimmed. Just the other day, it seems, Democratic politicians were desperately talking out of […]

Bronx Precinct Commander Quits NYPD Over Reform Debacle As Shootings Spike

A Bronx precinct commander is quitting over the NYPD’s handling of police reform. NYPD Deputy Inspector Richard Brea, a nearly three-decade veteran of the force, says his bosses have not provided sufficient guidance on how to rid the streets of guns and drugs since the department has disbanded and reassigned its anti-crime unit, according to […]

NYC Proposal Would Defund $1 Billion From NYPD Budget

A proposal introduced by New York City Council speaker Corey Johnson and seven other City Council leaders would knock $1 billion off the NYPD’s $6 billion budget. “We believe that we can and should work to get to $1 billion in cuts to New York City’s police spending in the Fiscal 2021 budget, an unprecedented […]

Shocking Moment Dubai Cop On Hoverbike Falls Out Of Sky 

California-based startup Hoversurf had one of its Hoverbikes crash in Dubai this week, and the scary footage was uploaded to YouTube (now taken down), shows the rider of the bike falling out of the sky.  Hoversurf is an electric vertical takeoff and landing (eVTOL) vehicle that Dubai Police have expressed a lot of interest in adding a fleet of these […]

UK Forecast To Suffer Worst COVID-Driven GDP Hit Of All Nations Worldwide

The OECD released its latest Economic Outlook earlier this week, revealing the projected impact the COVID-19 pandemic will have on global GDP in 2020. When assuming there will be no second wave of infections in 2020, gross domestic product is currently expected to be down by 6 percent on last year; but, as Statista’s Martin Armstrong notes, should we […]

Tesla Trades Over $1,000 For The First Time

Tesla shares breached the $1,000 threshold in intraday trading for the first time on Wednesday, after: a week of Jim Cramer pumping Ron Baron’s appearance on CNBC, where he said the company’s stock could 10x from here mysterious call option purchases that we pointed out last month four workers at Tesla testing positive for coronavirus […]

Minneapolis Rioter: "We're Gonna Start Coming To The Suburbs"

Authored by Paul Joseph Watson via Summit News, A man interviewed on camera during last night’s chaos in Minneapolis warned that rioters are planning on “coming to the suburbs” if they don’t get what they want. The twin cities were once again rocked by a night of absolute bedlam as more stores were looted and […]

HR 6666: Illinois Democrat Introduces $100 Billion Contact Tracing Bill

Illinois Democratic Rep. Bobby Rush has introduced the H.R. 6666 TRACE Act, which includes a $100 billion grant program which would authorize the Secretary of Health and Human Services to create an army of contact tracers operating through healthcare, schools and nonprofit entities, who would perform COVID-19 diagnostic testing “through mobile health units and, as […]

As Markets Crashed, The Swiss National Bank Went On A FAAMG Buying Spree

It used to be a running joke among traders that when markets crash, central banks step in – either directly or in the case of the Fed indirectly via Citadel – and buy stocks to prop up the market and short up confidence. That joke is now the truth. Now that the Fed is openly […]

There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia’s oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontango just waiting for oil prices to rebound so they can […]

As We Mull Leaving Lockdown, Is Sweden Model the Way Forward?

Authored by Christina Ramirez, fist published in Real Clear Politics, In most countries in Europe and North America, governments have imposed lockdowns of their populations and economies. At first glance, this strategy would seem to strike a reasonable, if painful, bargain: pay the price of (hopefully temporary) limits on civil liberties and economic recession (if […]