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☆ Cannabis companies are reeling from the market downturn, and they're slashing jobs and reining in spending to survive
  + stars: | 2022-09-19 | by ( Jeremy Berke | ) www.businessinsider.com   time to read: +5 min
Cannabis companies from startups to public giants are laying off employees as sales slow. The cannabis industry is in a full-on downturn. Cannabis companies also don't have access to much of the nuts-and-bolts of the banking system like their non-cannabis counterparts. Investment into cannabis companies has dried upThe spigot has slowed to a trickle on the once-plentiful venture-capital and private-equity firehose of investment into cannabis startups. Hauser said that capital for cannabis companies is only getting more expensive and more elusive.
☆ Jordan's 'Last Dance' jersey sells for record $10.1 million
  + stars: | 2022-09-15 | by ( ) www.reuters.com   time to read: +2 min
The previous record was established earlier this year at Sotheby's, with Argentine soccer great Diego Maradona's "Hand of God" jersey fetching a staggering $9.3 million. REUTERS/Nathan Frandino Read More"Yet again, today's record-breaking result... solidifies Michael Jordan as the undisputed G.O.A.T, proving his name and incomparable legacy is just as relevant as it was nearly 25 years ago." Jordan's jersey was expected to fetch $3 to $5 million at Sotheby's "INVICTUS" auction and eclipsed the $3.7 million spent in May on Kobe Bryant's Los Angeles Lakers jersey worn in his rookie year -- the previous record for a basketball jersey at auction. It also broke the record for any item of Jordan sports memorabilia after his autographed relic card from 1997-1998 sold for $2.7 million. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shrivathsa Sridhar in Bengaluru Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
☆ Reading 2 short sentences in 'Millionaire Teacher' convinced me to change my retirement savings strategy, and it's helped me earn thousands
  + stars: | 2020-12-27 | by ( Alexis Rhiannon | Read More | Read Less | ) www.businessinsider.com   time to read: +6 min
Four years ago I'd started saving for retirement, but I was too afraid to actually invest the money. But reading the book "Millionaire Teacher" opened my eyes: I learned quickly that I was missing out on years of compound interest. But then, two short sentences in the book "Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School" finally convinced me the answer was yes. "Over the past 90 years," Hallam wrote, "the US stock market has generated returns exceeding 9% annually. 'Millionaire Teacher' challenged my preconceived notions about the marketBefore I read "Millionaire Teacher," my understanding of the stock market was vague and amorphous.
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