The Week in Business: A Facial Recognition Ban, and Trade War Blues

Want this column in your inbox? Sign up here. Hello! I’m filling in this week for Charlotte, who’s off tallying her losses from the recent stock market dive. Here’s what you need to know in business news. MAY 12-18 What’s Up? Now You See Me Now you definitely don’t. At least, not if you’re an artificially intelligent machine in San Francisco. The city’s Board of Supervisors voted on Tuesday to prohibit the use of facial recognition technology within city limits. It’s a somewhat symbolic move: The police there don’t currently…

Leveraged Homebuilder ‘NAIL’ ETF Builds Big 2019 Gains

Someone forgot to tell the Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NAIL ) ETF that trade wars are racking markets. Thus far this year, NAIL is up a whopping 93.54 percent and is looking to build more gains in the future if the housing market happens to stay immune from the trade war news. That will be a challenge, according to Rob Dietz, chief economist at the National Association of Home Builders. With trade wars lingering, this could put a damper on consumer confidence and in…

Financial risks to Canada are rising — and fragile corporate debt is one of the culprits

OTTAWA — The Bank of Canada said on Thursday the overall risk to the Canadian financial system was slightly higher than in June 2018, and expressed concern about the increasing threat posed by fragile corporate debt funding. “Overall, the financial system remains resilient, and confidence among market participants continues to be high,” it said in its annual review of financial systems. The central bank cited a slowdown in economic growth, last year’s oil price slump, continuing problems in the energy sector and expanded risk-taking in global financial markets as reasons…

5 Biotech Stocks to Watch in the Second Half of 2019

By Joshua Rodriguez via Iris.xyz As we near the halfway point in the year, investors are starting to look for opportunities to capitalize on in the second half. Biotechnology stocks can generate strong opportunities, as they are riddled with catalytic events through the development, regulatory and commercial processes. While a tech or services company may want to keep its progress close to the vest, biotech companies provide updates each step of the way, often leading to tremendous movement in the values of their shares. With that said, here are several…