Here are some of the top investing stories you may have missed.
On May 6, 2019, the Dow Jones Industrial Average (DJIA) plunged 400 points after President Trump threatened to escalate the trade war between the U.S. and China. In fact, he tweeted that he’d raise tariffs to 25% from 10% because talks were moving too slowly. By May 8, 2019, the Dow Jones moved 100 points higher after a Chinese delegation informed the White House that it would still be coming to the U.S. to make a deal.
U.S. retailers have been quick to wake up to the cannabis opportunity. DSW has been running tests in its stores with CBD, announcing plans to expand such products to nearly 100 stores. Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019. Barney’s is launching “The High End.”
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American’s infrastructure has been failing for quite some time. One look at the countless potholes, congested roads, derailed trains, collapsed bridges and dams is proof enough. Just to fix it all could cost as much as $3.6 trillion by 2020, says the American Society of Civil Engineers (ASCE).What’s worse, the ASCE just gave current U.S infrastructure a D+ rating. Even the Federal Transit Administration (FTA) has estimated that there’s an $808.2 billion backlog in deferred maintenance on the nation’s rail and bus lines.
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