GFM Network News


The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) on election day in Manhattan, New York City.

Investors focus on undecided U.S. Senate

As Biden edged in on presidency attention turned to stimulus, taxes, regulation

Reuters – As Democratic nominee Joe Biden edged closer to claiming the presidency, investors were focused on the still-undecided race for control of the Senate and the potential consequences for taxes, regulation and the outlook for more stimulus on Nov. 6. The benchmark S&P 500 had jumped nearly four per cent since election day, driven in part by expectations that divided control

Concerns about supply chain issues and a slowdown in consumer spending due to coronavirus fears are weighing heavily on the cannabis sector.

Cannabis funds inch higher after touching all-time lows

The legal weed sector faces declining market fundamentals

Reuters – Exchange-traded funds that invest in cannabis stocks rebounded March 10, one day after a global equity rout dropped them to all-time lows. The $509-million ETFMG Alternative Harvest ETF gained 2.2 per cent in afternoon trade, while the $318-million Horizon Marijuana Life Sciences ETF rose 1.8 per cent during a market rally that pushed