Rachel Robasciotti founded her wealth management firm, Robasciotti & Philipson, 16 years ago. She describes the company, established after she had spent five years in the financial services industry, as a “a bridge between financial markets and social justice activism”: a place where the principals are deeply committed toRead More →
Billionaire CEO Jeff Bezos is honoring Juneeteeth on Friday as a day of edification at Amazon.com and urging employees to attend “learnings opportunities,” to recognize the end of slavery in America. Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery inRead More →
The unrest in cities across the U.S. this week is just the latest manifestation of a struggle that will continue until the wealth gap between white people and black people is addressed, black economists said. What is the wealth gap? It is the stark divide between how much capital whiteRead More →
Dear Moneyist, For most of his life, my father has lived a life of crime and drugs. He threw away every opportunity we gave him, financial or otherwise. He was never really around besides the odd note written on yellow legal paper that I would get from time to time,Read More →
Toxic workplaces have become easier for corporate shareholders to recognize. This bodes well for changing practices to create safer, stronger companies and foster better business outcomes. Yet identifying bad practices isn’t enough. Culture management is a hard, technical skill. Company leaders need to paint a positive picture of the future in order forRead More →
On this Martin Luther King Jr. Day, Americans will pause to reflect on the civil-rights movement — the progress made and the lingering challenges. More than half a century after Dr. King’s untimely death, the U.S. has made strides toward realizing his vision, but discrimination still exists — both inRead More →
Washington’s year-end spending deal has included a measure that lifts the age for buying tobacco products to 21 from 18, but one prominent anti-tobacco group is issuing warnings this week about the development, rather than celebrating a victory. Raising the buying age nationwide for all tobacco products, including electronic cigarettes,Read More →
‘Here is this guy that comes out with his manifesto, holding the Confederate flag, and had just hijacked everything that people thought of … people saw [the Confederate flag] as service and sacrifice and heritage, but once he did that, there was no way to overcome it.’ That was Trump’sRead More →
There’s more evidence that e-cigarettes may be bad for your health. Smoking e-cigarettes increases the risk of heart disease — elevating bad cholesterol, triglycerides and glucose levels, and decreasing blood flow in the heart — and is also associated with coronary vascular dysfunction, according to two separate studies that willRead More →
Criticizing White House hopeful Joe Biden’s recent “gateway drug” comment on marijuana, rival Cory Booker delivered the following zinger at Wednesday night’s Democratic presidential debate in Atlanta: “This week I hear him literally say that, ‘I don’t think we should legalize marijuana.’ I thought you might have been high whenRead More →
Drake wants to trademark the Canadian warning label for weed in the U.S., but he may be in for a fight with his native country. Through his Dream Crew company, Drake is seeking a trademark application for a red “stop sign” displaying a cannabis leaf and the letters THC, accordingRead More →
More than half a million people are homeless each night in the United States, a new White House report has found. And nearly half of them are concentrated in one state: California. All told, 47% of all unsheltered homeless people nationwide — meaning those who sleep in areas not meantRead More →
It’s not a coincidence that income inequality has worsened as residential segregation has become more common. A new working paper from researchers at the Federal Reserve Bank of Minneapolis and the University of Chicago explored the relationship between residential segregation by income and inequality, particularly as both have increased sinceRead More →
The number of properties with foreclosure filings nationwide is a mere fraction of what it was during the height of the financial crisis. But at the local level, some markets are showing signs of weakness — and that could represent a reason for worry for homeowners or an opportunity forRead More →
Did “13 Reasons Why” lead to a rise in suicides among teenagers? When the series began streaming on Netflix NFLX, +0.74% in March 2017, child psychologists and parents warned that a show about teenage suicide could cause young people who watched the series to carry out copycat suicides. The show,Read More →
Organigram Holdings Inc. is expected to report fiscal third-quarter earnings Monday before the opening bell. The company says it will host a conference call at 8 a.m. Eastern time. What to expect Earnings: On average, analysts polled by FactSet expect Organigram Holdings Inc. to report earnings of C$0.03 a share,Read More →
Zenabis Global Inc. did the unlikely Tuesday: The cannabis company raised cash without going to a group of hedge funds in Canada that deploy aggressive trading strategies to recycle capital in the pot industry. Zenabis opted to ink a C$30 million ($22.9 million U.S.) cannabis supply deal with rival producerRead More →
The global housing market is showing cracks. Those fissures could spread throughout the world-wide economy, potentially sending world-wide gross domestic product, or GDP, to its lowest annual pace of in 10 years, according to research from Oxford Economics, led by economists Adam Slater, and John Payne in a research reportRead More →
What’s considered optimum shape for people who are about to undergo cardiac surgery? Mortality in patients who had undergone heart bypass surgery was over four times higher in individuals with a high body fat mass, according to new research conducted by Dr. Xavier Leroy of the Department of Anaesthesia andRead More →
The push for legislation that would allow banks to do business with cannabis companies without the risk of federal enforcement action is gaining momentum, and credit unions are playing a key role. The National Association of State Treasurers adopted a resolution on Friday that calls for “common-sense federal laws andRead More →
As recreational marijuana moves beyond buds, and countries besides Canada mull legalization, cannabis companies have a lot of potential roads to travel as they seek to grow. Aurora Cannabis Inc. ACB, +3.58% ACB, +3.09% , the second-most valuable marijuana producer in the world, is establishing a different path than someRead More →
Alabama is poised to pass the country’s most restrictive abortion law after state lawmakers approved outlawing the procedure even in cases of rape or incest. The law, which Republican governor Kay Ivey is expected to sign, was designed to set up a U.S. Supreme Court battle that could overturn theRead More →
Fatal overdoses involving cocaine and other stimulants have spiked. From 2015 to 2016, the rate of deaths in the U.S. involving cocaine and so-called psychostimulants — that includes Methamphetamine, Amphetamine and Adderall and other drugs to treat attention deficit disorder and hyperactivity disorder — increased by 52.4% and 33.3%, respectively,Read More →
These cannabis users are more likely to hit the gym than sit on the couch. Eight in 10 marijuana users in states where cannabis is legal told University of Colorado-Boulder researchers that they ingest the drug shortly before or after exercise. In fact, two-thirds (67%) said they used it bothRead More →
Before he became the tech billionaire and outspoken owner of the Dallas Mavericks, Mark Cuban tried his hand at a bit of everything. In fact, he claims he invented the concept of the side hustle. As he explained to Jim Rome in a podcast this week, Cuban sold baseball cardsRead More →
