Tech Wreck in Stocks Spares the Old Guard Like Oracle, HP

By Jeran Wittenstein

The Nasdaq 100 Index has taken a nasty dip in recent weeks but some tech stocks are rallying — just not the ones that have ridden on the waves of investor euphoria in recent years.

Older technology companies peddling legacy products have rallied in the past two weeks as rising bond yields and an improving economy have prompted investors to sell shares of faster-growing companies like and buy more profitable ones like HP Inc.

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Bitcoin Jumps Above $50,000 in Recovery from Last Week’s Rout

By Eric Lam and Joanna Ossinger

Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff.

The digital token climbed 8% to trade around $51,500 in early U.S. trading, reaching the highest level in a week. The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities.

The swings in Bitcoin and Ethereum give “the impression that they are a general barometer of risk sentiment,” said Steen Jakobsen, chief investment officer of Saxo Bank.

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Big Pot Companies Target Northeastern States: Cannabis Weekly

By Tiffany Kary

(Bloomberg) — Some of the biggest cannabis companies in the U.S., from Terrascend Corp. to Curaleaf Holdings Inc., are preparing for rapid growth as legal pot sales expand across the populous Northeast.

The region’s states, home to about 56 million people, may be poised to adopt recreational cannabis use in quick succession, since they are loathe to see residents purchase marijuana next door — and miss out on the potential tax revenue. While cross-state traffic has been muted during the pandemic, that’s not expected to last. Massachusetts, Vermont, Maine and New Jersey have already made the jump, while New York, Pennsylvania, Connecticut and Rhode Island may be next, if the cannabis industry sees its predictions fulfilled.

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Verizon Leads 5G Airwave Bidding With Record $45 Billion Splurge

By Todd Shields and Scott Moritz

Verizon Communications Inc. committed $45 billion for 5G wireless airwaves in a government auction that attracted record bidding as the largest U.S. mobile carriers race to build faster networks.

At $23 billion, AT&T Inc. was the second-highest bidder, according to the Federal Communications Commission, which ran the auction. Participants also included T-Mobile US Inc. and pay-TV providers such as Dish Network Corp.Comcast Corp. and Charter Communications Inc. Some have already tapped the debt market to help pay the tab. The auction started in December, and within days the tally exceeded analysts’ estimates of $47 billion before settling at $81.2 billion.

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Bitcoin Price Prediction: How Far Could The Bitcoin Bull Run Go?

By Billy Bambrough

Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago.

The bitcoin price climbed to almost $60,000 per bitcoin earlier this month before falling back to trade at around $50,000 after Tesla TSLA +6.2% chief executive Elon Musk warned it “seemed high.”

As bitcoin’s mammoth bull run rolls on, some—including MicroStrategy MSTR +18.3% CEO and major bitcoin-buyer Michael Saylor—have said they expect the bitcoin price to climb far higher.

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Teen Use, Mental Health Spur Talk of Pot Curbs: Cannabis Weekly

By Tiffany Kary

A stronger version of a drug comes along and addicts a new generation of kids to an age-old vice.

Sound familiar? That narrative has ensnared the vape industry, resulting in regulatory challenges and ongoing lawsuits over high-nicotine products. And now cannabis faces a similar scenario — with potential ramifications for policies like age limits and potency caps. The industry, still finding its voice on such matters, is planning initiatives to get out ahead of the issues.

Last week, a study that analyzed more than 3 million seventh-, ninth- and 11th-graders found that adolescents may be more likely to use marijuana once it’s legalized for recreational use.

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Will Canadian Cannabis Drinks Finally Get Their Moment With Bevcanna?

By Amanda Siebert

When Canada finally introduced the regulations that would allow edible and drinkable cannabis products in 2019, the industry was abuzz with excitement. A year after legalization, it seemed consumers would finally have access to infused snacks and beverages comparable to products found in legal states south of the border.

The hype attracted major players like Anheuser-Busch, which partnered with Tilray, Molson Coors, which teamed up with Hexo Corp., and Constellation Brands, which joined forces with Canopy Growth. In the U.S., cannabis drinks are considered the fastest-growing segment and licensed producers rushed to be first to market in hopes that the trend would follow in Canada.

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5G and Emerging Technology: The Politics of Diversification

By James Sullivan

The UK government must learn quickly from its policy decisions around its 5G networks, and start grappling much earlier with risks posed by other emerging technologies.

MPs have called on the UK government to identify other critical emerging technologies, highlight the dangers of dependency on high-risk vendors and set out the government’s proposed response. Considerations should include domestic capability and international cooperation, research and supply chain security, and transparent standards setting.

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Mining investors set to enjoy huge cash bonanza

By Neil Hume

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The mining industry underlined its status as one of the hottest spots in a global economy battling back from the pandemic after BHP declared a record dividend and Glencore said it would resume payouts to investors. A blistering run in the price of commodities from their Covid lows in March is fuelling speculation that the world may be in the first leg of a supercycle, fanned by robust appetite in China and expected demand from elsewhere as governments plan large infrastructure projects to help revive growth.

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