Headlines 

The Dow kicks off the new year with a record high

New York (CNN Business)US stocks kicked the new decade off with fresh all-time highs. Apple (AAPL) stock closed at an all time high, above $300 a share, just one year after CEO Tim Cook shocked investors with his warning about sales in China. But it wasn’t just US markets that fared well on the first trading day of the year. Global stocks climbed higher Thursday after China’s central bank moved to stimulate the economy. Economists view China as the growth engine for the world economy, so a central bank committed…

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China’s yuan is getting a little stronger

Hong Kong (CNN Business)Asian markets moved slightly higher on Thursday, while the Chinese central bank guided the yuan to its highest level in nearly five months. The Chinese currency is now trading at about 6.996 yuan per dollar in mainland China. In trading outside of China, where the yuan moves more freely, one dollar can buy about 6.994 yuan — slightly weaker than Wednesday. Even so, the yuan has rebounded about 1.5% against the dollar since mid-December, when the United States and China reached an interim trade deal. A Chinese…

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Headlines 

Pot company Canopy chooses CFO of top investor to be new CEO

New York (CNN Business)The legal cannabis industry in Canada and several states in America has been going through some growing pains. That’s a key reason why industry leader Canopy Growth just named the chief financial officer of its biggest investor to be its new CEO. “Canopy Growth sits at the forefront of one of the most exciting new market opportunities in our lifetime,” Klein said in a press release, adding that “no company is better positioned to win in the emerging cannabis market.” Canopy isn’t the only pot stock that…

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