Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move back in February.Marketsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
The major Wall Street analysts say Facebook's Project Libra has a bright future.Marketsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Trump went after Mario Draghi for opening the door to more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Shares of Beyond Meat soared 18% Tuesday morning, surpassing $200 per share and setting a new all-time high.Food & Beverageread more
It's the president's own policies that are contributing to slower global and domestic growth.Marketsread more
Kiss bassist Gene Simmons may be a notorious straight edge, but he's finally changed his tune on the green stuff — just in time to step into a role at a medical marijuana company.
"I would like to admit that I was judgmental, arrogant and uninformed, as well as misinformed. I was throwing the baby out with the bathwater," Simmons said on CNBC's "Squawk Box."
Simmons in March stepped in as "chief evangelist officer" at Canadian medical marijuana company Invictus MD Strategies, a company that represents licensed cannabis producers across Canada. His role involves developing branding and public awareness, acting as a spokesperson and making public appearances as the Canadian cannabis industry gears up for the passage of recreational marijuana by the year's end, Invictus said.
The role is quite a switch for someone who routinely brags, "I never got high and drunk. I never rolled anything, smoked anything." And who as recently as 2017 told Rolling Stone his kids would find themselves "in a desert camp digging holes, written out of the estate and the will," if they defied his strict commandments on substance use.
So what changed?
Simmons attributes his change of heart to discovering "the medicinal value" of cannabis. He discussed its potential for treating epilepsy and urged the public and legislators to educate themselves about it.
"I was subjected to Cheech-and-Chong-itis, which is the low end," he said. "Champagne is booze, but you don't want to call it booze, because there is a difference between that and the wino on the corner."
But Simmons also has a long history as a spokesperson. In April The Wall Street Journal described Simmons as having "rarely met a brand he won't endorse." His past brand relationships include partnerships with IndyCar racing, a debt-based insurance product and translating software. On its own, Kiss has more than 3,000 branded merchandise items, which by Simmons' estimation generates around $3 billion in royalties.
He often has little personal or professional experience with the products he endorses, WSJ noted, but it never seems to be an issue for someone as recognizable as Simmons.
In his latest partnership at least, Simmons is fully invested regardless of whether he's ever actually consumed marijuana.
"Even recreationally, I have no problem with that," Simmons said.