• Reuters

    Investors wary of US cannabis ETFs despite recent rally

    New proposed federal rules governing marijuana has so far failed to spark fresh buying interest in exchange traded funds (ETFs) tracking the shares of North American cannabis companies, despite strong performance this year. Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana as a less dangerous drug. Big gainers included the Roundhill Cannabis ETF, AdvisorShares Pure Cannabis ETF and Amplify U.S. Alternative Harvest ETF, which are all sitting on year-to-date gains of 29.6% to 36.6%, putting them among the top ETF performers of 2024.

  • Baystreet

    Is Lithium Poised for a Major Comeback? Here’s What Investors Need to Know

    While the lithium market currently seems saturated, signs point to a looming resurgence that could spell ...

  • Reuters

    Banned Chinese cotton found in 19% of US retailers' merchandise, study shows

    Traces of banned Chinese cotton were found in 19% of a sample of merchandise selling at U.S. retailers in the past year, a study showed, highlighting the challenges of complying with the U.S. law aimed at blocking imports of cotton linked to forced labor in China. In the study released on Tuesday, researchers from natural resource analytics firm Stratum Reservoir and isotope testing firm Applied DNA Sciences analyzed garment samples, cotton swabs and shoes from U.S. big box retailers and e-commerce platforms that ship merchandise into the U.S. The firms declined to name the retailers whose merchandise they tested. China denies abuses in Xinjiang, a major cotton producer that also supplies much of the world's materials for solar panels.