Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Cannabis today is like tech 20 years ago, former Yahoo CEO Carol Bartz told CNBC's "Squawk Alley" in an interview Thursday after disclosing she had invested in Caliva, a California-based cannabis company,
Bartz and NFL Hall of Famer Joe Montana are among investors who poured $75 million into a fundraising round Caliva announced Thursday. The Silicon-Valley based company manages everything from "seed to sale," Bartz said. Caliva grows marijuana, makes vape oils and sells products at a San Jose dispensary.
"When I saw this opportunity, I said this is the new world here," said Bartz, who is also joining Caliva's board. "It's like being back in tech 20 years ago. It's like so much growth potential, so many ways to change people's lives and so I'm in."
Some analysts have pointed to CBD, THC's non-psychoactive cousin, as a huge growth opportunity. The compound can be derived from both the marijuana and the hemp plant. While marijuana remains illegal in most states and federally illegal, the farm bill President Donald Trump signed in December legalized hemp and products derived from it.
Bartz said while CBD is "a very, very important part" of the industry, she thinks the combination of CBD and THC is better. While Bartz is not a smoker, she said she uses cannabis creams on her shoulders and bad knees.
"As it's legalized in other states, people will understand how important it is to have that combination," she said.
Despite some optimists saying federal legalization is right around the corner, Baltz doesn't think it'll happen soon. In the meantime, though, she thinks Caliva and other companies operating in California will learn a lot "that hopefully will help other people decide to legalize."