New York state lawmakers couldn’t approve marijuana legalization this session, and the legislature is now considering a back-up bill that would expand access to the drug for medical reasons and decriminalize its possession for recreational purposes.
— Read on www.bloomberg.com/news/articles/2019-06-19/new-york-state-lawmakers-end-push-to-legalize-pot-this-year
Category: Blog
Italy Economy Seen Contracting Again, in Blow to Populists – Bloomberg
Italy’s economy probably shrank again this quarter, according to the country’s statistics office, complicating the populist government’s efforts to meet its fiscal commitments.
— Read on www.bloomberg.com/news/articles/2019-06-20/italy-economy-seen-contracting-again-dealing-blow-to-populists
Guindos Says ECB Ready to Act If Euro-Area Economy Deteriorates – Bloomberg
European Central Bank Vice President Luis de Guindos said the outlook for the euro-area economy has deteriorated and policy makers are ready to provide additional monetary stimulus if needed.
— Read on www.bloomberg.com/news/articles/2019-06-20/guindos-says-ecb-is-prepared-to-act-if-situation-deteriorates
Fed sees case building for interest rate cuts this year – Reuters
The U.S. Federal Reserve on Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.
— Read on www.reuters.com/article/us-usa-fed-kudlow/fed-sees-case-building-for-interest-rate-cuts-this-year-idUSKCN1TJ24A
Goldman Sachs now expects Fed rate cut in July and Sept – Reuters
Goldman Sachs Group Inc analysts now expect the U.S. Federal Reserve to cut interest rates in July and in September, according to a research note issued after Fed Chairman Jerome Powell on Wednesday signaled a rate cut as early as next month.
— Read on www.reuters.com/article/us-usa-economy-goldman-sachs/goldman-sachs-now-expects-fed-rate-cut-in-july-and-sept-idUSKCN1TL0AB
Bank of Japan joins Fed in signaling easing if needed, keeps policy steady for now – Reuters
The Bank of Japan kept monetary policy steady on Thursday but Governor Haruhiko Kuroda signaled readiness to ramp up stimulus as global risks cloud the economic outlook, joining U.S. and European central banks in dropping hints of additional easing.
— Read on www.reuters.com/article/us-japan-economy-boj/bank-of-japan-joins-fed-in-signaling-easing-if-needed-keeps-policy-steady-for-now-idUSKCN1TL06C
Facebook called before Senate panel over digital currency project – Reuters
Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
— Read on www.reuters.com/article/us-facebook-crypto-senate/facebook-called-before-senate-panel-over-digital-currency-project-idUSKCN1TK2SX
Facebook’s Libra cryptocurrency could raise regulatory issues: BoE deputy governor – Reuters
Plans by Facebook Inc to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England Deputy Governor Sam Woods said on Thursday.
— Read on www.reuters.com/article/us-facebook-crypto-boe/facebooks-libra-cryptocurrency-could-raise-regulatory-issues-boe-deputy-governor-idUSKCN1TL0QR
Infographic: The 8 Ways Urban Demographics are Changing
These pivotal trends show how urban demographics are aiding in the transition to a very different economic and investment landscape.
— Read on www.visualcapitalist.com/8-ways-urban-demographics-changing/
Hexo, Molson Will Start Selling Pot Drinks in Canada by December – Bloomberg
Molson Coors Brewing Co.’s cannabis joint venture plans to start selling multiple types of pot beverages on Canadian shelves the first day they can legally be sold, though they won’t contain alcohol.
— Read on www.bloomberg.com/news/articles/2019-06-17/hexo-molson-will-start-selling-pot-drinks-in-canada-by-december