Money

Amazon backs federal bill to legalise marijuana

Published

3 years ago

June 2, 2021

Anthony Lucas

Global retail giant Amazon has revealed it supports a proposed federal bill in the U.S. to legalise cannabis

In a blog post the company says it will also drop weed-testing requirements for some employees.

Amazon’s consumer boss, Dave Clark, said the company supports the Marijuana Opportunity Reinvestment and Expungement Act which was reintroduced in the House late last month.

The e-commerce company’s public policy team will be actively supporting The Marijuana Opportunity Reinvestment and Expungement Act of 2021, known as the MORE Act, which seeks to legalise marijuana at the federal level, its consumer boss Dave Clark.

AMAZON BACKS MARIJUANA LEGALIZATION, DROPS WEED TESTING FOR SOME JOBS -RTRS
— FXHedge (@Fxhedgers) June 2, 2021

Amazon will also no longer screen its job applicants for marijuana use for any positions not regulated by the Department of Transportation.

While many U.S. states have already legalized marijuana use, employers have so far largely refused to work with the industry as cannabis is still a classified substance at the federal level.

Money

ASX positioned for strong start after positive stock rebound

Published

2 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

3 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending