MARKETWATCH FRONT PAGE
A new commodity ‘supercycle’ has started, according to Marko Kolanovic, the highly regarded quantitative analyst at JPMorgan. See full story.
Tilray shares soar 39% as Reddit message board sets sights on cannabis sector
Shares of Canadian cannabis company Tilray Inc. soared 39% Wednesday to extend their prior-day gains, as the same investor group that caused the shares of videogame retailer GameStop Inc. to climb to dizzying heights appeared to have the stock in their crosshairs. See full story.
Impeachment manager likens Trump to rogue fire chief who tells mob to start fire, then watches ‘with glee’ as blaze spreads
As House managers make their case on Wednesday in former President Donald Trump’s second impeachment trial, the lead manager argues that Trump on Jan. 6 was “worse than someone who falsely shouts fire in a crowded theater.” See full story.
Who owns bitcoin? Roughly 80% are held by long-term investors: report
Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co. See full story.
With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws?
As Uber Technologies Inc.’s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals. See full story.
MARKETWATCH PERSONAL FINANCE
It’s not too late to cut last year’s tax bill. See full story.
