"I don't think we're having a recession," Trump told reporters.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Canada is on the forefront of a nine-figure cannabis industry that only has more room to grow, Brinks CEO Douglas Pertz said Monday.
"On a global basis I think cannabis is going to be a booming industry. It's probably $160 billion on a global basis," he said in a one-on-one interview with "Mad Money" host Jim Cramer. "I think the key piece there: There's probably only about 10% of that that's legal, but that means there's a huge opportunity and demand out there."
Brinks, the American private security and protection company, is in on the recreational marijuana business in Canada where the company — renowned for its bullet-resistance armored trucks — began in November providing cash and logistics services to Canopy Growth, the biggest player in the fledgling marijuana sector. Pot shops in that country began selling legal weed in October.
The American federal government still considers marijuana a Schedule I controlled substance, alongside heroin and other drugs, but it is legal for recreational use in 10 states and Washington, D.C., and for medical use in 33 states. The industry is a cash-only business because federally-regulated banks aren't allowed to take deposits from dispensaries.
Brinks does not participate in the marijuana business in the United States, even where the drug has been legalized in different forms, Pertz told Cramer. He said it's important that the industry is served "for safety and regulatory and other reasons," while giving a stamp of approval to the SAFE Banking Act that's making its way through Congress.
The bill, if signed into law, would give the cannabis industry that needed access to banks. Another related bill called the STATES Act intends to protect marijuana activities in legal states at the federal level.
"What they'll do is not change the federal law but make those states that have made it legal" free from federal penalty, Pertz said. "And then that will open it up for federally charted banks as well as us to be able to help serve."
As more and more states, most recently Illinois, are on the brink of legalizing weed, Brinks could have a head start through its partnership with Canopy. The Canadian marijuana company has a $3.4 billion agreement to buy Acreage, the largest dispensary operator in the United States, pending federal legalization.