Category: Finance

Energy stocks jumped after two oil tankers were attacked in the Gulf of Oman near the busiest shipping lane for tankers in the world. The attacks, along with data showing that OPEC production in May fell to its lowest level in five years, sent the price of oil up 2.2 percent. Shares in oil and gas producer Hess Corp. rose 2.82 percent, the biggest gain on the Entrepreneur Index™ today. Overall stock prices ended a two-day skid and the indexes posted decent gains. The Dow and S&P 500 indexes were up 0.39 percent and…

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Stock rates succumbed to a second consecutive day, though losses were modest. The Dow and S&P 500 indexes fell 0.17 percent and 0.20 percent respectively and the Nasdaq Composite was down 0.38 percent thanks to weak innovation stocks. The Entrepreneur Index ™ closed the day down 0.11 percent. It was a rough flight for the innovation sector. Trade-sensitive chip-maker NVIDIACorp had the biggest decline in the sector, dropping 3.02 percent. The Trump administration verified the other day that no preparations were being made for a resumption of trade talks with…

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When Merida Capital Partners Managing Partner, Mitch Baruchowitz, recruited Daisy Mellet to join the team, Merida Capital had team members and Assets Under Management (AUM) of $7 Million. Within 14 months of Mellet’s hiring, Baruchowitz, Mellet, and the Merida team grew the firm to more than $125 million AUM, quadrupled its number of employees. Merida is now considered to be the largest private equity fund focused on cannabis and is launching a third fund to raise an additional $200 million for investment in the cannabis industry. That huge growth required a highly organized and professional infrastructure. Mellet’s…

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The stock market might be warming up to the President’s non-traditional trade policies. Stocks tanked after President Trump threatened Mexico with a 5 percent tariff on all exports to the U.S. a number of weeks back. They have recuperated substantially because the President called it off last Friday and declared triumph with a deal to manage prohibited migrants at the southern border. Today, the President said he would slap additional tariffs on China if it didn’t go to the G-20 Summit conference in Japan at the end of the month.…

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The stock market posted its third consecutive day of gains, after reports that the U.S. may delay imposing tariffs on Mexican goods next week. An afternoon rally left the three major stock indexes up moderately. The Entrepreneur Index™ closed the day up 0.61 percent, with Tesla leading the way. The electric vehicle-maker has put a convincing brake on the plunge in its share price through most of last month. It was up 4.76 percent today after the company reported May vehicle sales increased 73 percent compared to last year. The stock is up more…

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