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Auto sales are headed for further declines, says AutoNation CEO Mike Jackson

It’s getting harder to sell cars, and that signals the auto industry is about to enter a period of decline, the departing CEO of the nation’s largest auto dealership chain said Friday. div > div.group > p:first-child”> Sales of new vehicles are expected to continue their downward slide since they hit record levels of 17.6 million units in 2016, <a ...

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Forget Bitcoin, cannabis is the place to go, says US wealth advisor

Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families. div > div.group > p:first-child”> “If you want to be in something that’s very growthy, and actually legitimate as it is legalized and cont… Business News

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US economic momentum can hold the cycle for a 'few more quarters,' JP Morgan's Kolanovic says

The market has been rising since it hit “rock bottom” in December and there’s enough momentum in the United States economy alone to carry the cycle as global growth slows, top J.P. Morgan strategist Marko Kolanovic told CNBC on Wednesday. div > div.group > p:first-child”> Kolanovic, whose calls have moved the stock market in the past, credited shifting … Business ...

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Elon Musk Says Bitcoin Brilliant, Better Than Paper Money

Elon Musk, the founder and CEO of Tesla and SpaceX, commented that Bitcoin’s structure is quite brilliant. During an interview on advisory services firm ARK Invest’s podcast, Musk also said paper money is going away, and crypto is a far better way to transfer value than pieces of paper. The remarks were made while he was talking with Tasha Keeney, ...

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