National 1031, a new 1031 exchange company, is making waves with its commitment to advanced security measures, safeguarding investors’ funds and communications. This full-service company leverages cutting-edge technology like CertifID and robust email security to prevent scams and wire fraud, ensuring a secure and efficient 1031 exchange process.
Morgane Delledonne, head of investment strategy at Global X ETFs, sheds light on the Federal Reserve’s interest rate policy and its impact on the market. Delledonne highlights the discrepancy between the Fed’s goals and market expectations, particularly regarding inflation and recession risks. She suggests that the Fed is likely to prioritize controlling inflation over stimulating the economy, potentially impacting stock market performance.
Former President Donald Trump has revealed his growing interest in cryptocurrencies, citing the success of his NFT collection and the influence of his children as key factors. He sees the potential of crypto as ‘gigantic’ and believes the U.S. must lead in this space.
Tilray Brands, Inc. (TLRY) has acquired a promissory note from Double Diamond Holdings Ltd (DDH) for $23.8 million. In exchange, Tilray issued 13,217,588 shares of its common stock to DDH. This acquisition comes shortly after Tilray’s successful acquisition of Atwater Brewery, adding to its growing craft beer portfolio. This deal positions Tilray as a top player in the US craft beer market, with the company expecting a 30% growth in its beer business.
Brookfield Asset Management is making headlines with a strategic partnership with Castlelake and a potential sale of its luxury retail property on New York’s Fifth Avenue. The company is also investing in sustainable aviation fuel production, highlighting its commitment to green initiatives.
Paul Frambot, CEO of lending protocol Morpho, believes DeFi’s growth depends on fintech pioneers like Revolut and Robinhood. He sees these companies as key to attracting mainstream users and pushing DeFi beyond its current speculative state. Frambot highlights the potential for DeFi to revolutionize payment processing, offering an alternative to traditional systems.
Aeva Technologies Inc. is making waves in the autonomous vehicle industry with its advanced 4D LiDAR sensors, securing partnerships with major players like Nvidia, Daimler Truck, and Nikon. These sensors, powered by FMCW technology, provide real-time, precise velocity data, enabling safer and more efficient autonomous driving at highway speeds. Aeva’s technology extends beyond vehicles, finding applications in security, industrial automation, and even railway systems, showcasing its versatility and potential for widespread impact.
The global mining automation market is set for rapid growth, driven by the increasing need for cost reductions, enhanced worker safety, and improved productivity. Automation technologies like robotics and artificial intelligence are transforming this sector, as mines delve deeper and ore deposits become harder to access.
WM Technology, the parent company of Weedmaps, reported a 3% sequential sales increase to $45.9 million for the second quarter of 2024, despite a 5% year-over-year decline. The company’s software offerings for cannabis businesses saw a significant 19% surge, while its listing revenues, which primarily come from featured listings on the Weedmaps platform, fell 14% year-over-year. Despite this, the company maintains stable profitability and cash flow, with a focus on cost control and reinvestment in advertising and product development.
As the US inches closer to rescheduling cannabis, the conversation surrounding its impact on banking and capital markets intensifies. Analyst Pablo Zuanic offers insights on the timeline, potential outcomes, and the delicate balance involved in this momentous shift for the cannabis industry.
