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Aiming at Trump strongholds, Mexico hits back with trade tariffs

Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November.

  • Why These 3 Top Marijuana Stocks Slumped Today
    Business
    Motley Fool

    Why These 3 Top Marijuana Stocks Slumped Today

    With earnings season hitting a crescendo this week, investors are looking closely at the specific prospects for certain corners of the market, and that's contributing to disparities among the various major benchmarks followed most often by investors. Amid the crosscurrents, marijuana stocks took particularly hard hits, and New Age Beverages (NASDAQ: NBEV), Tilray (NASDAQ: TLRY), and Canopy Growth (NYSE: CGC) were among the worst performers on the day. All three of these stocks have given back some of their gains following the long-awaited legalization of recreational cannabis in the Canadian market last week. In the month leading up to the Oct. 17 start date for legal cannabis sales, New Age Beverages tripled in value, while Tilray had more than doubled since the end of August, and Canopy Growth had seen more modest gains of between 10% and 20%.

  • Business
    Benzinga

    AT&T's 5G Rollout, Time Warner Acquisition Among The Pillars Of Tigress Financial's Bull Thesis

    AT&T has been working on a 5G mobile network since 2017 and is ready to launch service in several markets this year, Feinseth said in the Monday upgrade note. AT&T "game-changer" acquisition of Time Warner also supports a bullish thesis, Feinseth said. AT&T's acquisition transforms the company into one of the biggest within the entire telecom and media space, with a vast library including HBO, Warner Bros. a 10-percent stake in Hulu and Turner Broadcasting, he said.

  • Why Tesaro, Inc. Is Tanking Today
    Business
    Motley Fool

    Why Tesaro, Inc. Is Tanking Today

    What happened Shares of Tesaro, Inc. (NASDAQ: TSRO) were down 10.8% as of 3:38 p.m. EDT on Monday. The decline appeared to be related to two developments. One was that analysts at investment bank Cowen reaffirmed its hold rating for the biotech stock,

  • Finance
    CNBC

    Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots

    Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.

  • Former General Electric vice chair on the company's futur...
    Business
    CNBC Videos

    Former General Electric vice chair on the company's futur...

    Beth Comstock, Nike board member and former vice chair of General Electric, weighs in on the future of General Electric under new CEO Larry Culp.

  • News
    CNBC

    Here's how much money you should have saved by 50

    Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.

  • China Will Open the World's Longest Sea Bridge This Week. A Lot of People Are Unhappy About It
    World
    Fortune

    China Will Open the World's Longest Sea Bridge This Week. A Lot of People Are Unhappy About It

    Later this week, the long-awaited 34-mile sea bridge connecting mainland China to Hong Kong and Macau will finally open. In a ceremony on Tuesday that Chinese president Xi Jinping will reportedly attend, the bridge will officially open. Some critics see the Hong Kong-Zhuhai-Macau Bridge as an attempt by mainland China to tighten its grip on Hong Kong, which is an autonomous region.

  • 4 Things Aurora Cannabis Did Right Before Its NYSE Debut
    Business
    Motley Fool

    4 Things Aurora Cannabis Did Right Before Its NYSE Debut

    Aurora Cannabis (NASDAQOTH: ACBFF) (TSX: ACB) has sought to make it even easier for U.S. investors to buy its shares by arranging to have its shares listed on the New York Stock Exchange. Beginning tomorrow, Oct. 23, Aurora will join the elite group of cannabis companies whose shares trade on major U.S. exchanges. Getting ready for the increased exposure that a NYSE listing brings takes time and effort, and Aurora Cannabis hasn't wasted any time.

  • Meet What Could Be Advanced Micro Devices' Next Billion-Dollar Business
    Business
    Motley Fool

    Meet What Could Be Advanced Micro Devices' Next Billion-Dollar Business

    Advanced Micro Devices (NASDAQ: AMD) CEO Lisa Su said earlier this year that the company plans to achieve "mid-single-digit server unit share" by the end of 2018. The chipmaker's server chip market share crossed 1% at the end of the second quarter. Mercury Research estimates that AMD now commands 1.3% of the server market as compared to just 0.5% earlier.

  • Is the New Energy Transfer LP a Buy?
    Finance
    Motley Fool

    Is the New Energy Transfer LP a Buy?

    Last week, Energy Transfer LP (NYSE: ET) emerged on the scene after the former Energy Transfer Equity completed the acquisition of its affiliate Energy Transfer Partners in a unit-for-unit exchange that simplified this complex midstream franchise. The transaction also created a much stronger company that has the financial resources to fund a significant slate of expansion projects. The new Energy Transfer is a behemoth in the midstream sector.

  • 2 Things to Watch When Ford Motor Company Reports Earnings
    Business
    Motley Fool

    2 Things to Watch When Ford Motor Company Reports Earnings

    Wall Street analysts expect Ford's earnings to fall from the third quarter of 2017. Ford has refreshed the Explorer twice since its 2011 debut, but its age is hurting Ford's pricing power. 1. How soon will Ford's new products arrive?

  • This Warren Buffett Stock Is Dirt Cheap Right Now
    Business
    Motley Fool

    This Warren Buffett Stock Is Dirt Cheap Right Now

    Warren Buffett has amassed a large portfolio of bank stocks for Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) with major holdings in Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and American Express (NYSE: AXP), just to name a few of the most well-known and largest investments. Synchrony is a major issuer of store-branded credit cards and also operates a rapidly growing online banking platform.

  • Finance
    American City Business Journals

    Microsoft's typical worker makes $168K a year — how that compares with Facebook, Google, PayPal, Box, Salesforce, Intel and other big Bay Area tech employers

    Microsoft Corp. is the latest major Silicon Valley tech employer to reveal just how much its typical employee earns — and how that compares with its top executive. The software giant's median employee pay — almost $168,000 — is high, even by Silicon

  • T-Mobile CEO said he'd rather live in Kansas City than Bellevue
    Finance
    American City Business Journals

    T-Mobile CEO said he'd rather live in Kansas City than Bellevue

    T-Mobile US Inc. CEO John Legere said he would rather live in Kansas City than Bellevue, and T-Mobile plans to make new “centers of employment” with or without a Sprint Corp. merger. The details emerged after Legere spoke at an employee meeting at Sprint headquarters. Sprint was required to provide a transcript to the U.S. Securities and Exchange Commission because it discussed the company’s planned $26.5 billion merger bid with T-Mobile.

  • Raytheon to lay off 52 local workers after loss of $3.5B military deal
    Finance
    American City Business Journals

    Raytheon to lay off 52 local workers after loss of $3.5B military deal

    Defense giant Raytheon Co. (NYSE: RTN) plans to lay off dozens of workers in Orlando after losing a competitive contract. The Waltham, Mass.-based firm notified Florida on Oct. 17 that it will lay off 52 local workers by Dec. 31. Some of the jobs being cut are computer system technologist, contract negotiator, logistics specialist, project managers, software engineers, procurement specialist and more.

  • Trump's approval rating hits new high ahead of midterms
    ^GSPC
    Yahoo Finance Video

    Trump's approval rating hits new high ahead of midterms

    A new poll shows President Trump's approval rating rose to 47% ahead of the November midterm elections. Yahoo Finance's Seana Smith, Adam Shapiro, Rick Newman, and Andy Serwer discuss.

  • Business
    Benzinga

    Upcoming Earnings: Telecom Giants Verizon And AT&T Report This Week

    Two of the biggest telecom companies, Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T), are scheduled to report earnings this week. VZ is expected to report adjusted EPS of $1.19 on revenue of $32.51 billion, according to third-party consensus analyst expectations.

  • What the Market Missed in Kinder Morgan Inc.'s Results
    Business
    Motley Fool

    What the Market Missed in Kinder Morgan Inc.'s Results

    Kinder Morgan (NYSE: KMI) can't seem to catch a break these days. Despite its completing what management dubbed a "momentous" quarter, shares of the natural gas pipeline giant barely budged this week. It was a head-scratching outcome considering that its financial results came in well above its guidance, which the market seems to have completely missed.

  • Why AMD Stock Fell 11% on October 19
    Finance
    Market Realist

    Why AMD Stock Fell 11% on October 19

    Semiconductor (SMH) stock Advanced Micro Devices (AMD) fell 11.1% on October 19 to close trading at $23.66. New Street Research analyst Pierre Ferragu has a 12-month price target of $18 for AMD. Ferragu stated, “AMD’s stock price reflects a scenario we don’t believe possible.

  • 3 Dividend Stocks to Fund Your Retirement Nest Egg
    Business
    Motley Fool

    3 Dividend Stocks to Fund Your Retirement Nest Egg

    Dividend stocks play a key role in a good retirement portfolio, but investing indiscriminately in companies just because they offer a big yield or have a recent history of payout growth will likely cause your portfolio's performance to fall short of its

  • Investors Dumped Cannabis Stocks after Legalization Last Week
    Finance
    Market Realist

    Investors Dumped Cannabis Stocks after Legalization Last Week

    Cannabis Stocks Getting Dumped after Legalization? Cannabis sector Last week, the overall cannabis sector ended in negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) lost almost 5.4% of its value, while the Emerging Marijuana Growers

  • Why Pot Stocks Canopy Growth, Cronos Group, and Tilray Are Cratering Today
    Business
    Motley Fool

    Why Pot Stocks Canopy Growth, Cronos Group, and Tilray Are Cratering Today

    Canadian pot stocks are getting hit hard across the board today. As of 1:21 p.m. EDT, for example, shares of Canopy Growth Corporation (NYSE: CGC) and Cronos Group (NASDAQ: CRON) were both down by 11.2%, whereas Tilray's(NASDAQ: TLRY) stock had fallen by 14.4%. Canopy, Cronos, and Tilray all seem to be succumbing to a so-called "sell the news" event.

  • Suze Orman has a killer question for your retirement
    Business
    MarketWatch

    Suze Orman has a killer question for your retirement

    Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah

  • 5 Popular Marijuana Stocks I Wouldn't Buy With Free Money
    Business
    Motley Fool

    5 Popular Marijuana Stocks I Wouldn't Buy With Free Money

    Last week on Oct. 17, Canada lifted the curtain on nine decades of prohibition and legalized recreational marijuana for adults. Given the notable surge in pot stocks since the beginning of 2016, it's pretty evident that Wall Street and investors expect the industry to be a resounding success. With that being said, there are a handful of marijuana stocks -- some quite popular -- that I simply wouldn't buy, even if I were given free money to do so.

  • Advanced Micro Devices: What the Recent Sell-Off Implies
    Finance
    Market Realist

    Advanced Micro Devices: What the Recent Sell-Off Implies

    After years of silence, Advanced Micro Devices (AMD) stock gained momentum in 2016. Growth came as AMD started gaining market share in the PC and server CPU (central processing unit) and GPU (graphics processing unit) markets from Intel (INTC) and Nvidia (NVDA). AMD’s growth spree was affected by the recent stock market sell-off on October 10, triggered by the Federal Reserve’s interest rate hike.