to change the status quo with commission-free trading, he added.
"Earlier this year ... Robinhood reached a tipping point in asset gathering that the incumbents, like Schwab and TD Ameritrade, had to respond to by abandoning commissions," he said. "Now these companies have to combine to cut tech spending ... ad spending to defend their turf" from app trading.Adam Jeffery | CNBCCEO Oscar Munoz told Cramer.
"I've never seen a wider gap between what is being discussed and trying to be pushed and the facts and the figures that we see,"The fire is out on weed stocks A customer lights a joint at Lowell Farms, America's first official Cannabis Cafe offering farm-to-table dining and smoking of cannabis in West Hollywood, California, October 1, 2019.has tapped the breaks on his hypothesis for pot stocks claiming "the marijuana industry is just not what it was cracked up to be."host said he may have been wrong in calling the weed business an "incredible opportunity.
"The cannabis industry [has] got to be rational and rationalized — it's neither. Companies need to close, funding needs to dry up, mergers must occur," the former hedge fund manager said. "Until then, these stocks are now sell-in-the-strength detritus. A casualty of a market not yet ready for prime time or anytime, for that matter."
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