Canopy Growth, the Canadian cannabis company with the largest market capitalization at about $5.8 billion, is closing three million square feet of greenhouse space in British Columbia, laying off 500 workers, and abandoning plans for a new Ottawa growing center. The cutbacks will result in a charge of as much as $800 million to the company’s first-quarter earnings this year,...

In response to a slowing global economy and coronavirus fall out, one after another, central banks of developed nations have slashed interest rates. The Reserve Bank of Australia cut its rate to a record low 0.05 percent. The U.S. Federal Reserve slashed interest rates 50 basis points, the sharpest rate cut since the Panic of ’08. The Bank of Canada...

The weeks-long equity market rout paused only briefly last week, but stocks weren’t able to hold their ground. On 4 March, U.S. stocks blipped up 1,173 points, the second-highest point gain ever. Analysts tied the rise to soaring health care stock prices after the Democratic primary’s Super Tuesday, in which Joe Biden scored decisive victories against Bernie Sanders. Sanders’ “Medicare...

In addition to infecting virtually every media headline and lead story, the coronavirus has spread deep into the body politic, the global economy, and equity markets. Seizing on the coronavirus outbreak, political hacks – not an array of qualified doctors and health experts in relevant fields – have taken full control of nations, states, and communities as their justification to...

A manufacturing slowdown is one of several factors that has led Italy to tell its European Union partners that the country is unlikely to meet its economic performance projections because of the coronavirus outbreak.   It also has warned the union that members should be ready to offer aid if Italy’s economy is severely damaged by the illness. Virus cases...