Bargain hunters fire up rally in cannabis stocks

Bargain hunters fire up rally in cannabis stocks
NEW YORK (Reuters) – Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. FILE PHOTO: Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair Gable/File Photo Shares of Tilray Inc (TLRY.O) and Canopy Growth Corp (WEED.TO)... Read More

Real estate developer in $240 million deal to buy Philadelphia refinery

Real estate developer in $240 million deal to buy Philadelphia refinery
NEW YORK (Reuters) – Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest and oldest on the East Coast, according to court documents on Wednesday. FILE PHOTO: The Philadelphia Energy Solutions oil refinery is seen at sunset in front of the Philadelphia skyline March... Read More

Philly refinery sale draws $240 million winning bid from real estate developer

Philly refinery sale draws $240 million winning bid from real estate developer
FILE PHOTO: A boat passes beside the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., August 21, 2019. REUTERS/Mark Makela/File Photo NEW YORK (Reuters) – Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday. Any sale would have... Read More

Wall Street falls as China virus reaches the U.S.

Wall Street falls as China virus reaches the U.S.
NEW YORK (Reuters) – Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid... Read More

Wall Street loses ground as China virus spooks investors

Wall Street loses ground as China virus spooks investors
NEW YORK (Reuters) – Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF). Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid... Read More

Exclusive: Philadelphia refinery expected to be sold to real estate developer – sources

Exclusive: Philadelphia refinery expected to be sold to real estate developer – sources
FILE PHOTO: The Philadelphia Energy Solutions oil refinery is seen at sunset in front of the Philadelphia skyline March 24, 2014. REUTERS/David M. Parrott/File Photo NEW YORK (Reuters) – The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday. The agreement... Read More

Climate change pushes investors to take their temperature

Climate change pushes investors to take their temperature
LONDON (Reuters) – Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. FILE PHOTO: People are silhouetted against the setting sun at “El Mirador de la Alemana” (The viewpoint of the German), as the summer’s second heatwave hits Spain, in Malaga, southern Spain July 24, 2019. REUTERS/Jon Nazca Policymakers are pushing investors to do more... Read More

U.S. housing starts at 13-year high, factory output gains

U.S. housing starts at 13-year high, factory output gains
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018.... Read More

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019. REUTERS/Stringer But... Read More