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Stocks under pressure after Trump doubles down on Chinese tariffs

Stocks (^DJI^GSPC, ^IXIC) are mixed midday after Trump reportedly eyes $60 billion in tariffs on China. The utilities (XLU) sector is most in the green, and the consumer staples (XLP) sector is most in the red. Alan Valdes of Silverbear Capital joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith is joined by Yahoo Finance Editor-in-Chief Andy Serwer, Brittany Jones-Cooper and Dan Roberts.

  • Even the Americans sitting on piles of cash aren't using it correctly to build wealth
    Business
    Business Insider

    Even the Americans sitting on piles of cash aren't using it correctly to build wealth

    The average American is holding too much cash in savings, and it's keeping them from building wealth. You should instead invest your excess savings in the stock market for the best returns, NerdWallet's retirement and investing specialist Arielle O'Shea recommends. The easiest way to put your savings to work is through a 401(k), which invests your money in stocks through low-cost index funds or exchange-traded funds.

  • eBay Drops After a Soft Quarter, Lowered Guidance
    Business
    Motley Fool

    eBay Drops After a Soft Quarter, Lowered Guidance

    eBay Inc. (NASDAQ: EBAY) announced mixed second-quarter 2018 results on Wednesday after the market closed, detailing lighter-than-expected revenue growth and solid profitability as the online marketplace works to expand its reach. But eBay also offered

  • A Russian Warship Was Discovered with an Estimated $130 Billion in Gold on Board
    World
    Fortune

    A Russian Warship Was Discovered with an Estimated $130 Billion in Gold on Board

    A sunken Russian warship estimated to contain 200 tons of gold bullion and coins was discovered about one mile off the coast of the South Korean island of Ulleungdo. Shinil Group, the South Korean treasure-hunting company that led the search, announced their discovery on Sunday. According to The Telegraph, a joint team with experts from South Korea, Britain, and Canada used two manned submersibles to film the wreck at a depth of more than 1,400 feet.

  • Business
    TheStreet.com

    3 'Strong Buy' Healthcare Stocks Poised to Surge

    Bring on healthcare earnings season. Ahead of earnings season for the group, we have selected three healthcare stocks beating the market in 2018. Using TipRanks' Stock Screener tool, we quickly discovered the best-rated stocks, filtering by "best analyst consensus" stocks in the healthcare sector.

  • Vladimir Putin Set a Trap for Robert Mueller in His Press Conference with Donald Trump
    News
    Time

    Vladimir Putin Set a Trap for Robert Mueller in His Press Conference with Donald Trump

    It was a calculated attempt to pull the Mueller investigation onto a playing field that Putin can control. Here’s roughly how the Russian leader would like things to unfold: Now that the Special Counsel has indicted a group of 12 Russian intelligence officers for interfering in the U.S. elections, Putin wants to see the evidence, ideally translated into Russian and sent to the authorities in Moscow, all in accordance with an obscure law-enforcement treaty that the U.S. and Russia signed nearly two decades ago.

  • Business
    InvestorPlace

    When It Comes to General Electric Stock, Patience Will Be Rewarded

    Much-maligned General Electric (NYSE:GE) stock is the most heavily traded stock in the market. According to Bloomberg, the average trading volume on GE stock in 2018 is a whopping 80 million shares a day. The spike in trading volume is mostly due to the fact that GE stock is a near-$10 stock (low price) that is widely covered and followed by the media, analysts and investors (lots of catalysts).

  • 3 Companies Recall Blood Pressure Medications Over Cancer Fears
    News
    Meredith Videos

    3 Companies Recall Blood Pressure Medications Over Cancer Fears

    Some drugs used to control high blood pressure and prevent heart failure were voluntarily recalled this past week due to an impurity that could possibly lead to cancer

  • Business
    Benzinga

    Broadcom Gets Another Downgrade From Goldman Sachs

    Nearly a week after Broadcom Inc (NASDAQ: AVGO) stock crashed following the announcement of a puzzling .9 billion buyout of CA, Inc. (NASDAQ: CA), Broadcom is still getting hate from Wall Street. The Analyst Goldman Sachs analyst Toshiya Hari downgraded

  • Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try
    Finance
    Fortune

    Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try

    If one local politician gets his way, Chicago could become the largest city in the U.S. to trial a universal basic income program. Chicago lawmaker Ameya Pawar has thus far received support from 36 co-sponsors on a bill to introduce the pilot program. If the bill receives adequate support, it will be voted on by City Council.

  • Business
    CNBC

    Millennials want to retire by 61, but most have nothing saved

    Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Of those millennials already saving, the median retirement account balance is about $19,100.

  • Why Windstream Holdings and Uniti Group Shares Crashed Today
    Business
    Motley Fool

    Why Windstream Holdings and Uniti Group Shares Crashed Today

    In response to a research report from Citigroup that covered both tickers, shares of Windstream Holdings (NASDAQ: WIN) and Uniti Group (NASDAQ: UNIT) plunged on Wednesday morning. Windstream shares fell as much as 14.7%, while the stock of the regional telecom's former infrastructure management division took a 12.8% haircut at worst. Citi analyst Michael Rollins cut his ratings on both Uniti and Windstream from hold to sell.

  • How the Former Billionaire Known as 'Catwoman' Went Bankrupt With $0 in Her Bank Account
    News
    Meredith Videos

    How the Former Billionaire Known as 'Catwoman' Went Bankrupt With $0 in Her Bank Account

    New York City socialite Jocelyn Wildenstein was once worth billions — but now her fortune has vanished.

  • Berkshire shares surge as Buffett wins more power for stock buybacks
    Business
    Reuters

    Berkshire shares surge as Buffett wins more power for stock buybacks

    By Jonathan Stempel and Trevor Hunnicutt (Reuters) - Berkshire Hathaway Inc (BRKa.N) shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle

  • Texas Instruments' Templeton seeks to reassure employees with internal message after surprise CEO resignation
    Business
    American City Business Journals

    Texas Instruments' Templeton seeks to reassure employees with internal message after surprise CEO resignation

    Rich Templeton, who is suddenly CEO again of Texas Instruments, sought to reassure employees after the surprising resignation of Brian Crutcher. The longtime leader of TI (NASDAQ: TXN), in somber tones, gave a message Tuesday with personal touches while reiterating that his company will not stand for violations of ethics in a video message that was sent in an email posted on the website. Crutcher stepped down less than two months after getting the job due to violating the company's code of conduct.

  • Could Kinder Morgan, Inc. Be a Millionaire-Maker Stock?
    Business
    Motley Fool

    Could Kinder Morgan, Inc. Be a Millionaire-Maker Stock?

    Kinder Morgan's stock may be undervalued, but can it outperform to the tune of $1 million? Investors were justifiably angry with Kinder Morgan in 2016, when management cut its dividend by more than 75% to free up cash. It hasn't helped that, in general, pipeline stocks have been having a rough couple of years.

  • 5 Top Stock Trades for Thursday Morning
    Finance
    InvestorPlace

    5 Top Stock Trades for Thursday Morning

    Wednesday was a relatively mellow day for U.S. stocks, as many equities consolidated their gains from the prior session. That allowed some high-quality setups to emerge, helping us pluck out a few top stock trades. Top Stock Trades for Tomorrow #1: JPMorgan

  • To make money on marijuana stocks, buy when the buzz is over
    Business
    MarketWatch

    To make money on marijuana stocks, buy when the buzz is over

    Money is to be made in marijuana stocks in the long term. • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity. • The Arora Report made a negative call on Canopy Growth near the high when most gurus were pounding the table to buy marijuana stocks.

  • Why You Should Buy Apple (AAPL) Stock Right Now
    Business
    Zacks

    Why You Should Buy Apple (AAPL) Stock Right Now

    Shares of Apple AAPL are up roughly 10% over the last three months as investors show their confidence in the world’s most valuable company. Now let’s check out why the iPhone giant looks like a strong buy stock at the moment. Apple had been criticized for years about its overreliance on the iPhone.

  • General Electric: Analysts’ Views before Its Q2 2018 Earnings
    Business
    Market Realist

    General Electric: Analysts’ Views before Its Q2 2018 Earnings

    Analyzing General Electric before Its Second-Quarter Earnings (Continued from Prior Part) Analysts’ recommendations In this part, we’ll discuss analysts’ recommendations for General Electric (GE) and its peers. After the company update on June 26, analysts

  • Finance
    InvestorPlace

    Kinder Morgan (KMI) Stock Edges Higher on Q2 Earnings Beat

    Kinder Morgan (NYSE:KMI) reported its latest quarterly earnings results after the bell on Wednesday, which included an earnings beat despite the company posting a loss. For its second quarter of fiscal 2018, the oil and natural gas pipeline managing company brought in a loss of roughly $141 million, which amounted to about 8 cents per share after reporting a profit in its second quarter of fiscal 2017. On an adjusted basis, the company’s earnings were a profit of 21 cents per share.

  • General Electric Might Meet Analysts’ Revenue Estimate
    Business
    Market Realist

    General Electric Might Meet Analysts’ Revenue Estimate

    Analyzing General Electric before Its Second-Quarter Earnings (Continued from Prior Part) Analysts’ second-quarter revenue estimate For the second quarter, analysts surveyed by Thomas Reuters estimate that General Electric (GE) will report revenues of

  • White House Declines to Rule Out Vladimir Putin's Offer of Assistance in Mueller Probe
    Politics
    Time

    White House Declines to Rule Out Vladimir Putin's Offer of Assistance in Mueller Probe

    The White House on Wednesday declined to rule out Russian President Vladimir Putin’s offer of assistance in Special Counsel Robert Mueller’s probe, with Press Secretary Sarah Huckabee Sanders saying an announcement would come when President Trump has reached a decision on the matter. When pressed again, Sanders acknowledged that Putin and Trump had discussed the offer during the summit in Helsinki, Finland, but said that no decision had been reached. Speaking at a joint press conference with Trump on Monday, Putin offered to allow members of Mueller’s team into Russia to interrogate the 12 Russian nationals recently indicted for interfering in U.S. elections.

  • See How Newspaper Front Pages Around the World Reacted to Trump's Embrace of Putin in Helsinki
    Politics
    Fortune

    See How Newspaper Front Pages Around the World Reacted to Trump's Embrace of Putin in Helsinki

    The world was in shock on Monday after President Donald Trump showed reverence to Russian President Vladimir Putin in Helsinki over Russia’s involvement in U.S. elections. At a press conference following a one-on-one meeting, Trump appeared to trust Putin

  • How Much Potential Analysts See for Kinder Morgan Stock
    Business
    Market Realist

    How Much Potential Analysts See for Kinder Morgan Stock

    Which Top Midstream Companies Have an Attractive Upside (Continued from Prior Part) Recommendations for KMI Of the 21 analysts covering Kinder Morgan (KMI), nine recommend “strong buy,” six recommend “buy,” and six recommend “hold.” Their mean price

  • Here's Why Berkshire Hathaway Stock Is Soaring Today
    Business
    Motley Fool

    Here's Why Berkshire Hathaway Stock Is Soaring Today

    Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) board of directors made a major change to the company's buyback policy. Shares can now be repurchased whenever CEO Warren Buffett and Vice Chairman Charlie Munger agree they are trading at a discount to their intrinsic value. Berkshire is sitting on a $108 billion stockpile of cash and equivalents, and this gives Buffett a new way to finally start putting that money to work.