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Trump Says He’s ‘Strongly’ Considering Reclassifying Pot Via Executive Order

by The Wealth Advisor Contributor
President Donald Trump confirmed he’s considering an executive order loosening regulations on marijuana.

Featured

Consumers Are Feeling Gloomy About The Economy. Here’s Why They’re Spending Anyway

Consumer sentiment has fallen and layoffs are rising, yet U.S. shoppers have fueled solid retail sales growth.

Startup Backed By Altman, JPMorgan Announces Capital Lending Partnership With Amazon

Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday.

Meet Rob Reiner’s Four Children Who Will Inherit His $200 Million Fortune, His Murder Suspect Nick Reiner Is One Of Them

Legendary Hollywood film-maker and actor Rob Reiner and his wife Michele have been found dead in their Los Angeles home.

Recent

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Morgan Stanley to buy Eaton Vance for $7 billion in wealth push

Morgan Stanley said on Thursday it would buy asset management firm Eaton Vance Corp for about $7 billion in a cash-and-stock deal.

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Why Pimco says stock-market investors can’t bank on ‘decent’ returns despite an aggressive Fed

Investors should curb expectations for returns over the next 3 to 5 years, says Pimco.

News

Think your nest egg is safe sitting in cash? Think again — billionaire investor explains where some of that money should go instead

Ray Dalio, founder of the massive Bridgewater Associates investment firm, has been railing against cash all year long.

News

Forget the election, the great COVID-19 stock market divide is all that matters now, says this strategist

What matters now is the “creative destruction” of markets that has taken place due to the pandemic, dividing stocks into winners and losers.

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Washington Wire

Big Short’ Michael Burry Issues Dire Warning On US FED’s $40B T-Bills Buy Plan

Companies

JPMorgan Prepares To Launch First Tokenized Money Market Fund

Retirement Channel

How Do Your 401(k) Balances Compare To The Average For People In Their 40s And 50s?

Washington Wire

Exclusive-Nasdaq Seeks To Extend Trading Hours, As Wall Street Gears Up For 24/7 Move

Companies

End Of ‘The Berkshire Way’? Combs’ Departure Isn’t Only Big Change As Buffett Transition Nears

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