Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of March 20th – 26th, 2023.
Recently Signed Deal Between Rising Fintech Stars XTM and Payfare is Being Touted as a “Game Changer” That’s Expected to Quicken XTM’s “Path to Profitability”
On the technical analysis front, news of the new fintech alliance appears to have served as the catalyst for the recently formed bullish pattern in XTM’s (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT) stock chart, which, upon further analysis, could be poised for a major breakout.
Adastra Holdings, Recently Announced Health Canada Approved an Amendment to its Controlled Drug and Substances Dealer’s License, Allowing it to Possess, Produce, Sell and Distribute Cocaine Legally
The new safe supply narcotics sector is evolving rapidly, but from an investment standpoint, is in its infancy. One company, in particular, Safe Supply Streaming Co., is arguably positioning itself to be the likely bellwether stock in this exciting new industry. Being a first mover in this space, Safe Supply Streaming has the potential to follow a path similar to the one carved out by Canopy Growth (TSX: WEED) (NASDAQ: CGC) and MindMed (NEO: MMED) (NASDAQ: MNMD), in their respective sectors.
READ FULL HEALTH CANADA ARTICLE
3. Bank of Canada Just Announced it’s Pausing Interest Rate Hikes (VIDEO)
Changes in Interest Rates Affect the Cost of Borrowing For Consumers and Businesses Alike
Now, The Bank of Canada recently announced this week, on Wednesday, the decision to pause rate hikes. This maintains the 4.5% rate.
READ FULL BANK OF CANADA ARTICLE
2. VIDEO: Live Now – TikTok CEO Testifies Before House Committee
TikTok CEO Shou Zi Chew Testifies Before Congress to Defend the China-Based App’s Data Privacy Amid Calls For TikTok Ban
TikTok CEO is currently in Washington begging the government not to ban the Chinese app. But in China, every single American social media platform is banned. A TikTok ban in the United States would be major good news for these 3 companies.
Could There Be Only One More Rate Hike This Year?
The Federal Reserve announced that it has increased interest rates by 0.25 percentage points, despite the current turmoil in the banking sector. Today’s rate hike increased the federal funds target rate range to 4.75% – 5%.
Read More:
New Safe Supply Narcotics Sector Sees Formation of First Major Player (VIDEO)
Follow Wealthy VC on Social Media: Facebook | Instagram | Twitter | LinkedIn | GETTR | Tumblr
????Join the Discussion in the Wealthy VC Investor Group
????Have a Stock Tip or New Story Suggestion? Email us at Invest@WealthyVC.com
