Debra Borchardt, author at Seeking Alpha, discusses the marijuana packaging company Kush Bottles and its 258% year-over-year rise in Q1. She discusses what that level of growth could mean for the company as more states legalize marijuana.
Borchardt weighs in on the impact states like California and Nevada could have on the company's business. She also points out that many states are using sales from marijuana legalization to solve their budget problems.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
