Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Hong-Kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, popped up in cafes, restaurants and shops, with companies eager to enter an exciting new market that was already well established in countries around the world. That came to an end on Wednesday, when CBD was criminalized in … Read more

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Equity futures are ticking lower as traders await the Federal Reserve’s final decision on rate hikes

Traders on the floor of the NYSE Source: NYSE Stock futures fell Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures linked to the Dow Jones Industrial Average lost 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures fell 0.20% and 0.37% respectively. The moves come after shares surged … Read more

Equity futures are slightly up as investors evaluate earnings, prepare for the Fed’s decision

Equity futures are slightly up as investors evaluate earnings, prepare for the Fed’s decision

Contradictory indicators in the futures market cause Wolfe Research to turn bullish Contradictory indicators coming out of the futures market make Wolfe Research more positive on equities. Nasdaq 100 futures are down 29% from the peak and now major speculators have turned to their most aggressive short position in more than two years, analyst Rob … Read more

‘Surprisingly resilient’: IMF raises forecasts for global growth | International Monetary Fund

‘Surprisingly resilient’: IMF raises forecasts for global growth |  International Monetary Fund

The International Monetary Fund (IMF) has slightly raised its global growth outlook for 2023 due to “surprisingly resilient” demand in the United States and Europe and the reopening of China’s economy after Beijing abandoned its strict zero-COVID strategy. The IMF said global growth would still fall to 2.9 percent in 2023 from 3.4 percent in … Read more

Asia Pacific Stocks, Fed, Earnings, Economic Data

Asia Pacific Stocks, Fed, Earnings, Economic Data

CNBC Pro: What a technology fund manager expects from Apple and Alphabet’s earnings this week Microsoft gave a disappointing sales forecast last week, but inventory has since increased. What does that mean for the other Big Tech companies that are going to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more

The IMF raises the global growth forecast as inflation cools

The IMF raises the global growth forecast as inflation cools

The IMF has revised its outlook for the global economy upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised its global growth forecasts upward for the year, but warned that higher interest rates and the Russian invasion of Ukraine are likely to still weigh on activity. In its latest … Read more