A Marijuana ETF Is in the Right Spot

As marijuana-related stocks rally, the only U.S.-listed ETF focused on the industry, ETFMG Alternative Harvest (MJ), has surged in recent weeks. At the end of September, the fund was up 59% from its low for the year in mid-August and had gained 23% so far this year. Todd Rosenbluth, director of ETF and mutual-fund research at financial-research firm CFRA, says that while marijuana stocks in general have performed well in recent months, this ETF stands out for providing diversified exposure to t

Meet the folks making Bitcoin the butt of their jokes

Bitcoin BTC has been brilliant material for comedians all over the world. Since its explosion into the mainstream media we have seen some exceptional social commentary, satirical sketches, and rap videos simultaneously explaining and mocking the rise of Bitcoin. Comedians have played an interesting role in educating people about cryptocurrencies – with anything from jokes about the market volatility to mining puns. Australian production company Cameralla produced a Bitcoin Explained sketch whi

Swedish krona in line of fire amid Brexit @

Violent swings in the Swedish krona are expected in the immediate aftermath of the Brexit vote, say analysts, as elevated positioning exacerbates the currency’s risk-on/risk-off status. Swedish bank SEB forecasts in a note released on Tuesday: "EUR/SEK will trade to 9.25 (from 9.35) should UK vote Remain. A Leave vote will initially weaken SEK against EUR to 9.45, but EUR/SEK is expected to be back at 9.37 again a week after the referendum." SEB’s chief currency strategist Carl Hammer adds: "T

Robo wealth managers — the future or just a fad?

‘Robo-advice’ via algorithms is catching on in wealth management — but is it safe and responsible yet? Tanzeel Akhtar investigates. The rise of automated advisory is prevalent throughout the global wealth management sphere, and it is here to disrupt the financial services landscape. A few years ago the thought of asking an algorithm how to manage or where to allocate your money for better returns would have been an absurd concept. Now, as efficient technology is developed and adopted by financi

As Glencore cuts debt, is it a 'buy'?

Investors on Wednesday welcomed Glencore's plans to cut debt by selling assets, sending shares in the commodity trader sharply higher, but analysts caution that the stock will remain volatile for some time to come. As commodity prices come under pressure, Glencore has announced it plans to cut debt by a third by the end of 2016. The group also expects to cut its production of copper, its main earnings driver, by 455,000 tons by the end of 2017 in response to weaker demand. Three month copper

Another oil firm cuts costs to cope with low prices

Norway's Statoil is cutting costs further as the falling oil price takes its toll on yet another oil company's performance. Third quarter adjusted operating profit almost halved compared to the same period last year and was worse than expected. "Obviously the oil price is in a downturn, looking at our results they were highly impacted by that. Compared to last year the oil price...is more than 50 percent lower. So it is a situation which has had a big impact on our company." Eldar Saetr CEO