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Should Congress cut entitlement programs to combat rising deficit?

Maya MacGuineas, Committee for a Responsible Federal Budget, and Wall Street Journal editorial page deputy editor James Freeman discuss America’s deficit problem and how President Trump asked members of his Cabinet to cut their departments’ budgets by 5 percent.

  • 3 Health Savings Account Mistakes to Avoid
    Business
    Motley Fool

    3 Health Savings Account Mistakes to Avoid

    It pays to open an HSA if you're eligible, because in doing so, you could reap loads of tax savings on the medical expenses you have no choice but to pay for anyway. But if you're going to save in an HSA, be sure to avoid the following mistakes. Contributing to an HSA when you're no longer eligible The requirements to contribute to an HSA change from year to year, so it's possible to be eligible to participate one year, but lose that option the following year.

  • Update: Encore Wire (NASDAQ:WIRE) Stock Gained 30% In The Last Three Years
    Business
    Simply Wall St.

    Update: Encore Wire (NASDAQ:WIRE) Stock Gained 30% In The Last Three Years

    Buying a low-cost index fund will get you the average market return. Unfortunately for shareholders, while the Encore Wire Corporation (NASDAQ:WIRE) share price is up 30% in the last three years, that falls short of the market return. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational.

  • Business
    MarketWatch

    Biogen's stock jumps after big earnings beat, raised outlook

    Shares of Biogen Inc. (biib) surged 5.0% in premarket trading Tuesday, after the biotechnology company reported second-quarter earnings and revenue that were well above expectations and lifted its full-year outlook. For 2019, the company raised its adjusted EPS outlook to $31.50 to $32.30 from $28.00 to $29.00 and its revenue guidance to $14.0 billion to $14.2 billion from $13.6 billion to $13.8 billion. Biogen's stock has slumped 23% year to date through Monday, while the S&P 500 (spx) has gained 19%.

  • Lannett Company (LCI) Stock Makes the Street Go Wild
    Business
    SmarterAnalyst

    Lannett Company (LCI) Stock Makes the Street Go Wild

    Your guess is as good as anybody else's. SunTrust analyst Gregg Gilbert believes "management has been doing the right things to diversify the business and grow out of the levo trough." However, the analyst remains sidelined on the stock "pending greater visibility on the durability and profitability of the evolving portfolio and strategy to deal with the large debt load."

  • Israel Begins Demolishing Palestinian Homes in East Jerusalem
    World
    Meredith Videos

    Israel Begins Demolishing Palestinian Homes in East Jerusalem

    Israeli work crews on Monday began demolishing dozens of Palestinian homes in an east Jerusalem neighborhood, in one of the largest operations of its kind in years.

  • 2 Stocks That Could Make You Rich
    Business
    Motley Fool

    2 Stocks That Could Make You Rich

    Both companies have delivered market-beating returns for shareholders over the last five years, and both still have plenty of opportunities to expand. Here's why Square and NVIDIA are two growth stocks that can power your returns for many years. Square: Massive opportunities in digital payments The adoption of mobile payments is an enormous opportunity.

  • Consumers could get up to $20,000 apiece in Equifax settlement — how to get your share
    Business
    MarketWatch

    Consumers could get up to $20,000 apiece in Equifax settlement — how to get your share

    Two years after Equifax revealed that hackers accessed the personal information of up to 147 million people, the credit bureau's newly-announced settlement for up to $700 million will provide cash payments for those who have been affected — but there are some key requirements people should be aware of before they file a claim. Under the terms of the settlement announced Monday, the major credit bureau is paying a mix of government fines, legal fees and, most importantly for consumers, setting up a fund that will underwrite free credit monitoring, identity theft protection and individual cash payments to people affected by the breach, which are capped at $20,000 per person. Some 147 million American consumers had their personal information stolen, according to the class-action lawsuit being settled in the deal.

  • Little Boy Is OK After Fish-Stealing Great White Shark Leaps at Him to Steal Fresh Caught Fish
    News
    Time

    Little Boy Is OK After Fish-Stealing Great White Shark Leaps at Him to Steal Fresh Caught Fish

    A little boy who was fishing off the coast of Cape Cod is OK after almost being hit by the tail of a great white shark that leapt out of the water to snatch a fish off a line. In a video captured by another passenger on the Columbia Sportfishing ship, the shark can be seen breaching the water to steal a bass being reeled back into the boat. The shark's tail then almost smacks the boy as it dives back down into the water.

  • J.C. Penney Hires Restructuring Advisers: What Does It Really Mean?
    Business
    Motley Fool

    J.C. Penney Hires Restructuring Advisers: What Does It Really Mean?

    Late last Thursday, Reuters reported that J.C. Penney (NYSE: JCP) had hired advisors to look into restructuring the company's debt in the hope of avoiding a bankruptcy filing. While the report didn't say the company was preparing for bankruptcy, it did seem to imply that bankruptcy was an option if the out-of-court debt restructuring efforts failed. This news sent J.C. Penney stock plunging more than 15% on Friday.

  • Does The Pattern Energy Group Inc. (NASDAQ:PEGI) Share Price Tend To Follow The Market?
    Business
    Simply Wall St.

    Does The Pattern Energy Group Inc. (NASDAQ:PEGI) Share Price Tend To Follow The Market?

    Anyone researching Pattern Energy Group Inc. (NASDAQ:PEGI) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility as falling into two main categories.

  • Marvel Proved at Comic Con That Killing Off the Avengers Was a Great Decision
    News
    Time

    Marvel Proved at Comic Con That Killing Off the Avengers Was a Great Decision

    During the Marvel Studios presentation at San Diego Comic-Con on Saturday night, studio head Kevin Feige announced Marvel's “Phase 4” of films, which will include the MCU's first Asian superhero movie, the introduction of the MCU's first deaf superhero and the reveal of the first openly queer superhero in the MCU. That's a radical change from 11 years of three straight, white dudes — Iron Man, Captain America and Thor — leading the Avengers franchise. And none of this could have happened if Captain America and Iron Man were still around or if Thor hadn't embraced his funnier side.

  • Amarin: Is a Buyout Really Off the Table?
    Business
    Motley Fool

    Amarin: Is a Buyout Really Off the Table?

    Amarin (NASDAQ: AMRN) drew the ire of its shareholders last week by rolling out a breathtaking $460 million capital raise. First up, the biopharma recently announced that sales of its prescription omega-3 treatment, Vascepa, have been going strong ever since the drug showed a 25% relative risk reduction in terms of serious cardiovascular events in the outcomes trial known as Reduce-It. Amarin, in turn, reported that its cash position stood at a healthy $221 million at the end of June, thanks to Vascepa's strong sales trajectory.

  • Karyopharm Therapeutics Inc. (NASDAQ:KPTI): Time For A Financial Health Check
    Business
    Simply Wall St.

    Karyopharm Therapeutics Inc. (NASDAQ:KPTI): Time For A Financial Health Check

    Karyopharm Therapeutics Inc. (NASDAQ:KPTI) is a small-cap stock with a market capitalization of US$505m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Since KPTI is loss-making right now, it's essential to assess the current state of its operations and pathway to profitability.

  • CEO Whitney Tilson on Tilray: The stock 'got way ahead of itself'
    Business
    Yahoo Finance Video

    CEO Whitney Tilson on Tilray: The stock 'got way ahead of itself'

    Founder and CEO of Empire Financial Research, Whitney Tilson, returns to Yahoo Finance's The Final Round to discuss Tilray.

  • 5 Dow Jones Stocks to Sell Before the Market Slumps
    Business
    InvestorPlace

    5 Dow Jones Stocks to Sell Before the Market Slumps

    With such huge gains, it's time to start thinking about what Dow Jones stocks to sell. As you'd expect, when the market as a whole rips so much, it sets up some great profit-taking opportunities in individual stocks out of the Dow Jones' 30 components. Defense Stocks to Buy to Fortify Your Portfolio From vulnerable healthcare stocks to overpriced consumer staples plays and more, here are five Dow Jones stocks to sell before the market slides again.

  • Business
    Reuters

    Jervois Mining takes over Canada's Ecobalt, shares jump

    Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favor of the deal, Jervois said on Monday. Jervois will acquire eCobalt in a plan of arrangement that values the deal at C$57.6 million ($44.1 million), and will become the owner of the Idaho Cobalt Project, North America's major cobalt project. Shares in Jervois climbed as much as 21 percent on Monday to $A0.23.

  • Why Luckin Coffee, Beyond Meat, and Achillion Pharmaceuticals Jumped Today
    Business
    Motley Fool

    Why Luckin Coffee, Beyond Meat, and Achillion Pharmaceuticals Jumped Today

    The stock market posted modest gains on Monday, seeking to power back toward its recent record-high levels. Market participants largely focused on individual companies, some of which saw strong gains for their shares. Luckin Coffee (NASDAQ: LK), Beyond Meat (NASDAQ: BYND), and Achillion Pharmaceuticals (NASDAQ: ACHN) were among the top performers.

  • Business
    American City Business Journals

    Boeing firms up widebody jet orders from Korean Air, Qatar Airways

    Boeing has finalized major deals with Korean Air and Qatar Airways as the carriers placed widebody jet orders worth $8.1 billion at list prices. The deals will help stabilize Boeing Commercial Airplanes' operations in the Puget Sound Sound region as the jet maker grapples with the financial fallout of the global grounding of its best-selling single-aisle jet, the 737 Max. Chicago-based Boeing said this month it signed a firm order with Korean Air for 20 787 Dreamliners, worth $6.3 billion, and a deal for five 777 Freighters with Qatar Airways for $1.8 billion. Boeing Commercial Airplanes CEO Kevin McAllister thanked Qatar Airways for expanding its 23-jet cargo fleet.

  • 3 Small-Cap Stocks With Big-Cap Potential
    Business
    Motley Fool

    3 Small-Cap Stocks With Big-Cap Potential

    Small-cap stocks -- typically defined as having a value of over $300 million but under $2 billion -- can be tough to choose, though. Nicholas Rossolillo (Appian): This software development company technically sits just outside small cap territory as of this writing with a value of $2.35 billion, but it's close to the threshold and the stock has been all over the place in the past year, which means many times it's been below $2 billion. Appian's software development tools by subscription are what's known as "low code." Low code is a drag-and-drop-style work environment that allows software developers -- or even those with little software experience -- to quickly build an application for a business.

  • Business
    Market Realist

    Why AT&T Stock Is Down 2.2% Today

    AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?

  • Trump’s stock market still lags Obama’s, but that could be about to change
    Business
    MarketWatch

    Trump’s stock market still lags Obama’s, but that could be about to change

    Donald Trump loves telling us all about how fantastic the stock market has done under his leadership. McBride, for his part, says he doesn't believe the market is a great measure of policy performance, but he acknowledges that some, including Treasury Secretary Steven Mnuchin, do. “My view is there are many measures of success — and that the economy needs to work well for a majority of the people — not just stock investors,” McBride explained in a “just for fun” blog post over the weekend.

  • 3 High-Flying Stocks Fallen on Hard Times
    Business
    Motley Fool

    3 High-Flying Stocks Fallen on Hard Times

    The kind of price drop we saw last year can rattle investors, but the future of Align Technology is still bright. Align is still the clear leader in discrete teeth aligners, with over 5 million patients in 90 different countries. Align Technology has over 400 U.S. patents, a network of doctors, and has even become a household name -- no small feat for an orthodontic company.

  • Business
    MarketWatch

    Centene lifts guidance after topping second-quarter estimates

    Centene (cnc) lifted its earnings guidance after reporting a rise in second-quarter profit. The company said its second-quarter net income rose to $495 million, or $1.18 a share, from $299 million, or 75 cents a share, with revenue rising to $18.36 billion from $14.18 billion. Adjusted for items, Centene said it would have earned $1.34 a share, and it expects fiscal year adjusted earnings between $4.29 and $4.49 a share.

  • Here's Why Dynavax Technologies Fell Again Today
    Business
    Motley Fool

    Here's Why Dynavax Technologies Fell Again Today

    What happened Shares of Dynavax Technologies (NASDAQ: DVAX), a biopharmaceutical company struggling to launch a next-generation hepatitis B vaccine, reached a new low today. Despite investment-bank analyst upgrades earlier this month, the stock fell 8.5% on Monday. So what After its attempt to become an oncology drug developer didn't work out, Dynavax recently fell back to plan A. That plan involves circling wagons around Heplisav-B, a two-shot vaccine that works as well as the old vaccine -- which requires three shots spread over a longer time frame.

  • Micron Technology Stock Upgraded: What You Need to Know
    Business
    Motley Fool

    Micron Technology Stock Upgraded: What You Need to Know

    Micron Technology (NASDAQ: MU) stock is on fire. Since the flash memory specialist crushed Q3 earnings estimates last month, shares have surged 44% in value (helped in part by an upgrade from Needham & Company, which especially liked Micron's guidance for Q4). Now, with two months still remaining in the fourth quarter, a second analyst -- Goldman Sachs -- is lending a hand, and helping to move Micron stock up a further 3% or so in Monday trading.