Market is Price

The price consumers pay for legal cannabis in Massachusetts is at a five-year low, according to state data. While that is a short-term win for users, it's bad news over the long term for businesses. The trouble is on two fronts: The wholesale value of the crop is greatly diminished, and at the retail level, businesses must sell about twice as many units to equal the revenue they were bringing in just a short time ago. "You're going to see some natural attrition happen within the marketplace," said Trent Woloveck, chief strategy director at Jushi — parent company of Nature's Remedy in Massachusetts. Multiple business executives in the industry tell NBC10 Boston an oversupply of product is the main culprit of a falling price. In Massachusetts, a slew of new grow operations, dispensaries and products have exploded onto the scene in a relatively short amount of time. While demand has grown, too — almost $200 million in adult-use sales in the first two months of 2...

[unable to retrieve full-text content] Stock Market Today: Nasdaq gains 16.8% for the quarter as stocks end March higher    MarketWatch Stocks surge to cap first-quarter rally: Stock market news today    Yahoo Finance from "market" - Google News https://ift.tt/QY4I3NR via IFTTT

This story is part of a three-part series by ABC7 I-Team reporter Stephanie Sierra . To learn about our detailed investigation and how to watch, go here. The sale of most flavored tobacco products is prohibited in California, but the I-Team has discovered an enforcement loophole that may be putting youth at risk. In December, a statewide ban went into effect suspending the sale of most flavored tobacco products and e-cigarettes across the state. The ban applies to anyone but there's special attention to keep these highly-addictive products away from teens. CA's Prop 31: What to know about measure upholding flavored tobacco product ban Yet, why is it so easy for them to get it? More than three million middle and high school students in America use tobacco, according to new data released from the FDA and CDC. For the ninth year in a row, e-cigarettes have been the most popular tobacco product among middle and high school students, a nationwide survey has found. But, despit...

[unable to retrieve full-text content] Historic Macon's Spring Flea Market opens this weekend    wgxa.tv from "market" - Google News https://ift.tt/xGd5XpV via IFTTT

The bond market moved far less over the entire week than it did during a single day last week. Not only was volatility much lighter, but the trading patterns changed as well. At the onset of the recent panic in the banking sector, stocks and bonds shifted into risk aversion mode.  Scary news pushed money out of stocks and into bonds.  Promising developments did the opposite.  This results in stock prices and bond yields moving with a high degree of correlation (because bond yields move lower when bonds increase in value). Incidentally, there's your "big day" on March 22nd, when 10yr yields traversed a range between 3.64 and 3.43.  Fast forward to the current week (where 10yr yields spent most of their time between 3.54 and 3.58) and there are no signs of that type of correlation.   There is largely due to the market finally beginning to calm down and move on from the hypervigilant assessment of banking sector risks.  To be clear, this doesn't...

Former White House acting chief of staff Mick Mulvaney and Mendon Capital Advisors President and CIO Anton Schutz warn of lending and real estate volatility to come. While the Federal Reserve’s favorite inflation gauge indicated signs of cooling in its latest report, market experts reacting to the data warned of looming volatility "bigger" than the Silicon Valley Bank (SVB) collapse . "Two-hundred-seventy billion dollars’ worth of commercial real estate loans [are] coming up for renewal this year, 70% of that is held by smaller regional banks," former acting White House chief of staff Mick Mulvaney noted Friday on " Mornings with Maria ." "You put that together, that's bigger altogether than SVB was." "Everything's being micro-analyzed, but the [inflation] trend is importantly starting to go in the right direction. And absolutely, things will be tighter from what's happened with Silicon Valley here," Mendon Capita...

(Bloomberg) -- UK house prices fell at the sharpest annual pace since 2009 after surging interest rates increased the cost of borrowing, one of the biggest mortgage lenders said. Most Read from Bloomberg The average cost of a home fell 3.1% from a year ago in March, steeper than the 2.2% drop expected by economists, Nationwide Building Society said Friday. Prices have fallen 4.6% from their peak in August, bringing the average value to £257,122 ($318,320). The figures add to evidence that the Bank of England’s rate increases are slowing a market that remained buoyant through the recession that accompanied the pandemic. The central bank raised its key rate to 4.25% in a series of steps from near zero at the close of 2021 to control inflation. “It will be hard for the market to regain much momentum in the near term since consumer confidence remains weak and household budgets remain under pressure from high inflation,” said Robert Gardner, Nationwide’s chief economist. “Housing affor...

U.S. stocks moved higher Thursday, extending gains from the prior session, as Wall Street looked to round out the end of the year's first quarter on a high note. The S&P 500 ( ^GSPC ) added 0.57% and the Dow Jones Industrial Average ( ^DJI ) increased 0.43%. The technology-heavy Nasdaq Composite ( ^IXIC ) gained 0.73%. "Right now, we are definitely benefiting from quarter-end window addressing," Louis Navellier, chief investment officer at Navellier, wrote in a note to clients. "This is the time of year when professional managers make their portfolios extra pretty because of their client reviews in April. So they are basically selling their losers and adding to the ones that have strong sales and earnings." Bond yields were mixed. The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.54%. On the front end of the yield curve, two-year yields jumped to 4.1%. The dollar index was down to $102. Meanwhile, in a key signal that volatility has ...

[unable to retrieve full-text content] Long-Awaited Rules for Carbon Offset Market Disappoint Experts    Bloomberg from "market" - Google News https://ift.tt/V7U8wIo via IFTTT

[unable to retrieve full-text content] Turkey's Erdogan Blames Rate Hikes for Market Turbulence in West    Bloomberg from "market" - Google News https://ift.tt/PHqU9TB via IFTTT

Americans looking to buy a home in much cheaper markets might want to try their luck west of Texas, according to a real estate analysis released this week.  Home prices fell in 12 of the largest metro areas west of Texas last month, including 10.5% in San Jose, California; 10.3% in San Francisco and 7.5% in Seattle, a report from mortgage analytics firm Black Knight shows. Prices in 40 major cities west of Colorado, meanwhile, rose during the same month, including 12% in Miami and 9.3% in Orlando, Florida, and 8.3% in Buffalo, New York.  The up-and-down prices are the result of the Federal Reserve's ongoing moves to combat inflation, said NerdWallet home and mortgage expert Holden Lewis.  "House prices were so high out west just to start, and then when the Fed cut interest rates really low at the beginning of the pandemic that just really allowed people to bid up the prices of houses," Lewis told CBS News. "Farther east, home prices didn't start out so high,...

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The average new car price is going to crack $50,000 and continue to climb at some point this year if the predictions of some top executives at Toyota North America are correct. According to Automotive News , they believe that demand will continue to outpace supply once again in 2023, and there could now be as many as 6 million potential new-car buyers stifled by inventory and pricing issues. Right now, the current new car price in the U.S. is $48,763, according to NPR . It’s actually a slight downtick, but it won’t last long. GM Back on Top Off English In case you missed it: Jack Hollis, head of sales for Toyota North America, said he believes the automaker will finish the year the same way it started – with about 30,000 vehicles in inventory sitting on lots. That’s all because of strong consumer demand. “We will sell every vehicle that we can make,” he told Auto News . Hollis went on to say that if the headwinds the industry is currently f...

'Mansion Global' host Katrina Campins discusses the mortgage rate roller coaster and the impact of Silicon Valley Bank's closure on the real estate market. The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they’re still posting annual gains. That division runs right down the center of the U.S. In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index. In the 37 biggest metro areas east of Colorado, except Austin, home prices rose year-over-year.  This pattern of geographical disparity is highly unusual, if not unprecedented, housing analysts say. "We’ve never seen anything quite like this where it’s so stark, west to east," said Andy Walden, vice president of enterprise research strategy at Black Knight. Homes in Rocklin, California, US, on Tuesday, Dec....

[unable to retrieve full-text content] Median home price climbs in Southern California for 1st time since last May    KTLA Los Angeles from "price" - Google News https://ift.tt/F189uYx via IFTTT

[unable to retrieve full-text content] European Gas Prices Rise With Another Bout of Chilly Weather    Bloomberg from "price" - Google News https://ift.tt/IfFwWc5 via IFTTT

U.S. stocks were mixed on Monday, while bank stocks also moved upward after North Carolina-based First Citizens ( FCNCA ) bank agreed to buy most of Silicon Valley Bank . Checking in with the indexes around noon. The S&P 500 ( ^GSPC ) edged up 0.1% and the Dow Jones Industrial Average ( ^DJI ) gained 0.5%. The Nasdaq Composite ( ^IXIC ) down by 0.6%. Bond yields got a bounce. The yield on the benchmark 10-year U.S. Treasury note rose to 3.5% Monday morning. WTI crude oil was up $70 a barrel. Stocks ended a volatile week with gains on Friday, in a week that saw the Federal Reserve raise rates by 0.25%, while pressures in the U.S. and European banking sectors remained in focus for investors. Shares of Deutsche Bank ( DB ) came under heat Friday after the costs of insuring the bank against a credit default spiked overnight. The major stock market indexes all tallied a winning week in the end, with the Dow Jones average gaining 1.2%, the S&P 500 rising 1.4%, and the Nasdaq Com...