California’s largest pension fund snapped up shares of the marijuana producer Tilray, despite a ban on tobacco investing

Institutional investors are slowly getting more comfortable with the emerging marijuana industry. CalPERS, one of the largest US pension funds, snapped up a small stake in Tilray, a Canadian marijuana producer. That’s despite the fund’s ban on investing in tobacco stocks, Barron’s reports. The California Public Employees’ Retirement System is investing in marijuana stocks. The […]

The CEO whose stock exchange is taking on Nasdaq and NYSE says people don’t realize how different entrepreneurship is from corporate life

IEX cofounder and CEO Brad Katsuyama worked at the Royal Bank of Canada before creating his own company. He said employees take a lot of things for granted at big companies that people don’t have as an entrepreneur. “It’s incredibly humbling. You get rejected hundreds of times and people are basically pretty ruthless at times […]

Robinhood looks like it’s trying to game the system with its new checking account that pays 3% interest

Robinhood is trying to game the system with its new checking account that pays 3% interest, Axios’ Felix Salmon says. Robinhood says that money deposited in these accounts are guaranteed by the SIPC. But the head of the SIPC tells Axios he will not insure such a product. It looks like a new checking account […]

The New York Stock Exchange reportedly used stand ins to make its trading floor look busier when trying to win Snap’s IPO (SNAP)

The New York Stock Exchange reportedly used stand ins when it attempted to lure Snap’s initial public offering, the New York Post reported Friday. Executives at the Big Board ordered dozens of employees to head down to the trading floor to make it look busier than it really was in order to impress Snap CEO […]