The High Times Corp. — owner of the 43-year-old High Times magazine, sponsor of the annual Cannabis Cup — is going public. The company announced today it expects to list on the NASDAQ by October. Pot is a $6.7 billion annual business in North America, according to the cannabis research firm Arcview Group. And as […]

A House energy and water spending bill has a provision that would help the Trump administration get its desired repeal of the Waters of the U.S. rule, the rule by which the federal government regulates land use in the name of water quality. Click the audio player above to hear the full story.

After decades of losing ground to overseas manufacturers using cheap labor, the U.S. textile industry is showing signs of revival. The resurgence is fueled in part by increased R&D into advanced fabrics — like fire-retardant material and smart garments filled with high-tech sensors. It’s meant a growing number of textile industry jobs — but jobs […]

President Donald Trump wants the top U.S. corporate tax rate cut to 15 percent, as well as tax relief for middle-income Americans, he told the Wall Street Journal. The president also indicated a willingness to increase some taxes on rich Americans. But those cuts risk adding to the deficit over the next ten years. And […]

As the Federal Reserve concludes its July meeting, many expect it won’t announce a hike in the interest rate. One big thing that factors into that decision is inflation. One of the Fed’s mandates is to keep prices stable – to prevent rampant inflation. Raising interest rates can help, but the Fed has been in […]

Many would agree that the key to economic growth, in the U.S. and elsewhere, has long been productivity — how many widgets produced per hour worked. Many would also agree that the U.S. is suffering from a downturn in productivity. But Neil Irwin, senior economics correspondent for The New York Times, thinks it may be […]

The Federal Reserve probably will not announce a rate hike on the second day of its Federal Open Market Committee meeting on Wednesday. But there’s a decent chance it will again by year’s end. And since the Fed started raising rates 18 months ago, we’ve seen the federal funds rate rise a full 1 percent. […]

Telecom giant AT&T will report its second quarter earnings after the market closes today. The company’s shares are down 15 percent this year amid increased competition among wireless providers and more cord cutting in the cable space. Now AT&T is going for a big deal to help it stay ahead of the curve. Click the […]

The International Monetary Fund on Monday downgraded its estimate of U.S. growth prospects. Only three months ago, the world financial body said it thought U.S. gross domestic product would grow by 2.3 percent this year and 2.5 percent next year. Now, it’s lowered its estimates to 2.1 percent. That’s bad news for the economy and […]