Cannabis stocks have struggled in the market in recent years. But while the cannabis industry itself is still struggling to gain ground on the regulatory front, plenty of companies outside the industry are benefitting from the rising popularity of cannabis products.
Regulators continue to scrutinize Microsoft's (NASDAQ: MSFT) proposed $69 billion acquisition of Activision Blizzard (NASDAQ: ATVI) more than a year after the deal was first announced.
Shares of Sunrun Inc (NASDAQ: RUN), the largest residential solar developer in the U.S, fell by as much as 15% on Friday as a result of the news that Silicon Valley Bank has been closed by the
SVB Financial Group (NASDAQ: SIVB)-owned Silicon Valley Bank — which was shut down by California regulators Friday and taken over by the Federal Deposit
Silicon Valley Bank has been closed Friday by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation has been appointed as the bank's receiver.
The markets have offered investors a rollercoaster ride this week, with a flurry of activity and developments that have sent shockwaves through various sectors.