Markets

Penny stock Supreme Cannabis Company soars 60% on Canopy Growth merger

9 days ago   |   By Business Insider

REUTERS/Amir Cohen
Supreme Cannabis soared 60% on news it will be acquired by Canopy Growth in a $435 million transaction.
The penny stock jumped to as high as $0.4250 before paring back some gains.
The transaction will give Canopy a 13.6% total share of the Canadian recreational weed market
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Canadian penny stock Supreme Cannabis surged as much as 60% Thursday and trading volume spiked after news that weed giant Canopy Growth will acquire the company in a transaction valued at approximately $435 million. More than...
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Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell says

9 days ago   |   By Business Insider

Federal Reserve Board Chairman Jerome Powell.
Yuri Gripas/Reuters
The "different economy" post-pandemic will impede the job hunt for millions of Americans, Fed Chair Powell said.
The Fed will continue to provide support to prevent scarring and persistent unemployment, he added.
The government should invest in policies that make for a more inclusive economy, Powell said.
See more stories on Insider's business page .
A full rebound from the coronavirus recession won't be as simple as recouping every lost job, Federal Reserve Chair Jerome Powell said Thursday. The US economy is decidedly on...
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