Canopy Growth Corp T.WEED

Canopy needs money

[lou64]

This mornings jobless claims works against what Powell needs for interest rates to drop ... job market steady IS NOT a good sign for those needing money !!!

With Canopy on the top of the money needed cannabis companies

US weekly Initial Jobless Claims steady at 208K vs. 212K expected

NEWS |  05/02/2024 12:35:21 GMT  | By Eren Sengezer

 

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• Initial Jobless Claims in the US remained unchanged at 208,000.
• US Dollar Index clings to modest daily gains above 105.50.

There were 208,000 initial jobless claims in the week ending April 27, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 208,000 (revised from 207,000) and came in better than the market expectation of 212,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 210,000, a decrease of 3,500 from the previous week's unrevised average.

 

"The advance number for seasonally adjusted insured unemployment during the week ending April 20 was 1,774,000, unchanged from the previous week's revised level," the publication read.

Market reaction

The US Dollar Index clings to modest daily gains slightly below 105.50 after these data.

[lou64]

If you are bright enough to understand ? Powell is up against a wall and interest rates are NOT GOING TO DROP according to payroll data ... Labor market increase and payroll increase but inflation will be that nagging issue about Powell's handcuffs  Leaving a company like Canopy in the " HIGH RISK " category and extremely vulnerable to interest rates due to fact of