News 

The cannabis business is booming — but that’s not necessarily good if you’re an investor

“The pot industry faces a “massive inflationary bubble,” and that means investors have to be careful, a cannabis CEO told CNBC at the World Economic Forum in Davos, Switzerland” writes Tom Franck for cnbc.com. The legalization of cannabis for recreational use in Canada last year boosted interest in the industry.”Everybody wants to be in the cannabis space, and I think investors have to be selective because … there will be a new name every week,” Linton warned. Source: cnbc.com

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Waymo announces major expansion in Michigan, the cradle of the US auto industry

“Waymo is expanding its presence in Michigan, the state synonymous with the US auto industry” writes Jan Est for theverge.com. Jeremy Webb, senior business development project manager at the Michigan Economic Development Corp., said the company is in talks with a few locations, though it has not yet signed a lease.According to the deal with the economic development corporation, the facility must be in operation by the end of 2021 with at least 100 new employees. Source: theverge.com

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Hyundai cleans up at ‘Oscars of the automotive industry’ with big wins in Detroit

“The awards, referred to as the “Oscars of the automotive industry,” rate cars based on innovation, design, safety, performance, technology, driver satisfaction and value” writes unknown author for cnbc.com. By 2018, Consumer Reports rated Genesis No. 1 in a ranking of automotive brands, and Genesis has topped J.D. Power Initial Quality surveys as well.The Korean carmaker took home two of three major automotive industry awards at the Detroit auto show this year, and the recognition could be a boon to its brands looking to lure customers away from more established…

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DHL to close Chile e-commerce business by April: newspaper

“Chile has a high level of credit card use and good quality roads, but its package delivery industry to date has been largely focused on business-to-business transactions” writes Midwest Communications Inc for 95kqds.com. Diario Financiero cited industry sources that said weak results stemmed from stiff competition from domestic package delivery companies that already service Chile’s top retailers, including Falabella, Ripley and Wal-Mart. Source: 95kqds.com

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Mercedes-Benz will start assembling its cars in Egypt soon

“Hussein Mostafa, an expert in the automotive sector, said that the decision to re-establish the Mercedes-Benz factory in Egypt is a very important decision and represents a good start for the automotive industries in Egypt” writes Nour Ahmed for dailynewsegypt.com. Furthermore, Mercedes-Benz will come to Egypt with new ideas and advanced technology in the field of electric cars, which will advance Egypt’s automotive sector and the different industries.The future of the automotive industry and the local market in Egypt seems to be waiting for many developments, as well as the…

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Trump: ‘I Guess I Found a Magic Wand’ to Boost Manufacturing Jobs

“Last year was the best year for American Manufacturing job growth since 1997, or 21 years,” he said” reports thehill.com. Shoring up jobs in the manufacturing industry has been a priority of the Trump administration.His tweet follows the news earlier this month that the manufacturing industry posted net job gains of 284,000 during 2018, its best year since 1997. Source: thehill.com

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Crypto News 

Mark Kelly Joins Coinbase as Head of Compliance for the UK

“Cryptocurrency exchange Coinbase is joined by one of the most-respected compliance experts in the financial industry” writes Victor Golovtchenko for financemagnates.com. Last year NEX got acquired by the CME Group in one of the biggest deals in the financial industry for the year.The regulatory landscape in the crypto space has been one of the most hotly debated issues in the industry. Source: financemagnates.com

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FXTM Appoints Marcelo Spina as Global Head of Partnerships

“Global award-winning forex broker, FXTM, is pleased to announce the appointment of industry veteran Marcelo Spina as Global Head of Partnerships” writes Jeff Patterson for financemagnates.com. Marcelo will be spearheading all aspects of the global partnership business, expanding the geographical reach of partnership engagements, introducing new institutional products and services, and overseeing the business development and support teams for the partnership business.The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions.It does not imply an obligation to purchase investment services, nor…

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Markets News 

Refinitiv Hires Sherry Madera to Head Industry and Govt Affairs

“Financial market data provider Refinitiv has appointed Sherry Madera as global head of Industry and Government Affairs” writes Arnab Shome for financemagnates.com. This paired with global trends in sustainability, governance, and regulation make it a busy time for engaging with both public and private sector stakeholders.She will lead a team that will engage with customers, industry groups, regulators and governments to help tackle key customer challenges and advocate for fair, efficient and sustainable financial markets.Commenting on this appointment, David Craig, CEO of Refinitiv, said: “We believe in the importance of…

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