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Trump approves plan to impose tough China tariffs

President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons.

  • Business
    Money Talks News

    Do Seniors Still Get an Extra Tax Deduction?

    Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.

  • 3 Small-Cap Marijuana Stocks That Could Be Humongous Winners
    Business
    Motley Fool

    3 Small-Cap Marijuana Stocks That Could Be Humongous Winners

    You've probably seen the incredible gains racked up by some of the largest Canadian marijuana stocks in recent weeks. The market caps of several of these stocks are now so great that even investors with the most optimistic views about the prospects for the cannabis industry are leery of buying.

  • Marijuana Stocks Hope This Will Make Their Shareholders Rich
    Business
    Motley Fool

    Marijuana Stocks Hope This Will Make Their Shareholders Rich

    Investors always like winning stocks, and over the past month, the most fertile ground for big winners has come from the marijuana industry. The onset of legal sales of recreational marijuana in Canada, a growing trend toward legalization in the U.S. and elsewhere across the globe, and the rising interest in marijuana producers from established players in related consumer industries like the soft-drink and spirits industries have all helped to feed speculative fire on just how high share prices can climb. One thing that Canada's marijuana producers realized early on was that there could be substantial benefits to establishing a trade organization to advocate for the industry's joint interests.

  • Trump Administration Targets Immigrants Who Receive Public Benefits
    News
    Time

    Trump Administration Targets Immigrants Who Receive Public Benefits

    The Trump Administration is proposing a federal rule that would make it so that immigrants who use public benefits could be deemed ineligible for legal status in the U.S. Under the rule, using food stamps, receiving Medicaid, using housing vouchers or living in public housing could make it more difficult for some immigrants to obtain green cards or get admitted to the U.S. Those who utilize the Medicaid Part D program for prescription drugs would also be hurt by the rule.

  • Will These 3 High-Yield Stocks Generate Value in Dying Industries?
    Business
    Motley Fool

    Will These 3 High-Yield Stocks Generate Value in Dying Industries?

    In his earlier days, legendary investor Warren Buffett loved buying what he labeled as cigar-butt businesses: companies in out-of-favor industries that he could pick up on the cheap and extract the last bits of value from them before they went the way of the dodo. Three companies that look like prototypical cigar-butt businesses are, coincidentally, cigarette makers British American Tobacco (NYSE: BTI) and Altria (NYSE: MO), and coal miner Alliance Resource Partners (NASDAQ: ARLP). All three of these companies are trading at dirt cheap valuations and have incredibly high dividend yields.

  • Coca-Cola Is Eyeing a Possible Entry Into the Cannabis Market
    Business
    Time

    Coca-Cola Is Eyeing a Possible Entry Into the Cannabis Market

    Coca-Cola says it’s monitoring the nascent industry and is interested in drinks infused with CBD — the non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis to develop the beverages, according to a report from BNN Bloomberg Television.

  • Better Marijuana Stock: Canopy Growth Corporation vs. Auxly Cannabis Group Inc.
    Business
    Motley Fool

    Better Marijuana Stock: Canopy Growth Corporation vs. Auxly Cannabis Group Inc.

    If this were a boxing match, Canopy Growth Corporation (NYSE: CGC) and Auxly Cannabis Group Inc. (NASDAQOTH: CBWTF) probably wouldn't be allowed to fight in the same ring. Canopy Growth would definitely be a heavyweight, with a market cap of more than $11.5 billion. Which is the better marijuana stock right now?

  • 3 Top Biotech Stocks to Buy Right Now
    Business
    Motley Fool

    3 Top Biotech Stocks to Buy Right Now

    Biotech stocks sometimes have a stigma of being highly speculative and highly risky. Here's why they chose Celgene (NASDAQ: CELG), Exelixis (NASDAQ: EXEL), and Gilead Sciences (NASDAQ: GILD) as their top picks to buy right now. Brian Feroldi (Celgene): Would you believe that a publicly traded company exists today that is expected to grow its profits by 19% annually over the next five years and yet only trades for eight times forward earnings?

  • US economy is entering ‘frothy’ territory: Sam Zell
    Business
    Fox Business Videos

    US economy is entering ‘frothy’ territory: Sam Zell

    Sam Zell, founder of Equity Group Investments, discusses what he foresees for the real estate market and the economy in a new Fed rate environment.

  • Better Buy: Facebook (FB) vs. Twitter (TWTR)
    Business
    Motley Fool

    Better Buy: Facebook (FB) vs. Twitter (TWTR)

    Social media is eating up more and more of our attention everyday. Where once we might call or -- gasp -- talk face-to-face with one another, we now rely on a few social media giants to connect us. At the forefront of that trend are Facebook (NASDAQ: FB) -- which also owns WhatsApp and Instagram -- and Twitter (NYSE: TWTR).

  • Macau Gaming Outlook Worse After Massive Typhoon
    Business
    Motley Fool

    Macau Gaming Outlook Worse After Massive Typhoon

    At the same time, though, China felt the fury of a super typhoon with the power of a Category 5 hurricane slamming into the gambling enclave of Macau with sustained winds of 165 miles per hour, some 75 miles per hour faster than Florence. Typhoon Mangkhut was the world's most powerful storm this year. Civil defense authorities ordered the closure of all casinos beginning 11 p.m. Saturday until the storm passed, only allowing them to reopen at 8 a.m. Monday.

  • Better Marijuana Stock: Tilray, Inc. vs. HEXO Corp.
    Business
    Motley Fool

    Better Marijuana Stock: Tilray, Inc. vs. HEXO Corp.

    Canadian marijuana grower HEXO Corp. (NASDAQOTH: HYYDF), formerly known as Hydropothecary, has enjoyed a really good year so far in 2018. HEXO also landed a key deal with a big company outside of the cannabis industry. Which of these two marijuana stocks is the better buy now?

  • Tourists in Venice May Be Fined for Sitting in Undesignated Areas
    Finance
    Fortune

    Tourists in Venice May Be Fined for Sitting in Undesignated Areas

    Tourists in Venice, Italy, might need to be a little more careful about where they stop for a rest. The mayor of this vacation hot spot has proposed fining tourists up to €500 (about $588) for sitting in undesignated areas. According to CNN, Venice has a population of 50,000, but receives more than 30 million tourists per year.

  • A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the 'Google Ventures of cannabis' (RIV)
    Business
    Business Insider

    A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the 'Google Ventures of cannabis' (RIV)

    Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.

  • Barrick Gold, Randgold Said to Be in Advanced Merger Talks
    Finance
    Bloomberg

    Barrick Gold, Randgold Said to Be in Advanced Merger Talks

    Barrick Gold Corp. is said to be in advanced negotiations to merge its operations with Africa-focused rival Randgold Resources Ltd., protecting the Toronto-based miner’s crown as the world’s largest producer of the metal. Executives from Barrick and Randgold are in Colorado Springs for the Denver Gold Forum. More from Bloomberg.com: Tariff Deadline Nears as China Cancels Trade Talks With U.S.

  • K.T. McFarland Revised Statement to FBI on Michael Flynn's Calls With Russian Ambassador: Report
    Politics
    Fortune

    K.T. McFarland Revised Statement to FBI on Michael Flynn's Calls With Russian Ambassador: Report

    A former White House official has revised her statement to the FBI regarding whether or not former national security adviser Michael Flynn discussed sanctions with her following his conversations with a Russian ambassador, The Washington Postreports. K.T. McFarland, Flynn’s former deputy, allegedly told the FBI that Flynn may have been referring to sanctions during a discussion in December 2016, when he made a general statement about things going to be okay. Last year, she had told investigators that she never spoke with Flynn about any conversation he may have had with Russian Ambassador Sergey Kislyak regarding sanctions, but this statement was “inconsistent” with the FBI’s information, the Post reports.

  • Billionaire investor questions Elon Musk getting 'a pass' after bombshell tweets
    Business
    Fox Business Videos

    Billionaire investor questions Elon Musk getting 'a pass' after bombshell tweets

    Billionaire investor Sam Zell says he would have been imprisoned if he had followed Tesla CEO Elon Musk when announcing taking a company private.

  • Forget General Electric, These 2 Stocks Are Better Values
    Business
    Motley Fool

    Forget General Electric, These 2 Stocks Are Better Values

    General Electric Company (NYSE: GE) is undoubtedly attractive to value-based investors. Back in June I looked at General Electric and Eaton stocks from a dividend investor's perspective and concluded that the latter was a better buy.

  • Weed stocks have become so popular that Robinhood is having trouble executing trades for one of the most-popular names
    Finance
    Business Insider

    Weed stocks have become so popular that Robinhood is having trouble executing trades for one of the most-popular names

    Robinhood has suspended new buying of Aurora Cannabis through its platform, the brokerage said Wednesday. "This is happening because there's limited support at execution venues for the large volume of ACBFF orders we've received," Robinhood told users who own shares of Aurora. As of Wednesday morning, more than 81,000 investors held Aurora Cannabis shares through Robinhood, the brokerage's website shows, making it the 16th most-popular stock on the platform.

  • Where Will Microsoft Corporation Be in 5 Years?
    Business
    Motley Fool

    Where Will Microsoft Corporation Be in 5 Years?

    Microsoft (NASDAQ: MSFT) has revamped its business model under CEO Satya Nadella. While some products including the Windows operating system remain available on a purchase-and-own basis, many of the company's offerings have moved to a subscription model. "We had an incredible year, surpassing $100 billion in revenue as a result of our teams' relentless focus on customer success and the trust customers are placing in Microsoft," said Nadella in the earnings release.

  • Business
    Barrons.com

    Warren Buffett’s Berkshire Hathaway Keeps Hitting New Highs—and It Still Looks Underpriced

    Warren Buffett’s conglomerate has ended the summer as a red-hot stock. While there hasn’t been any major news to account for the recent advance in Berkshire shares, it’s clear that investors like the more flexible policy on stock buybacks. Berkshire has bought “a little” stock under the new authorization, Buffett told CNBC on Aug. 30—his 88th birthday— but he didn’t provide any more specifics.

  • Business
    Barrons.com

    Strong Buys on Netflix, Nvidia

    RESEARCH REPORTS These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of

  • OPEC, allies agree not to further increase oil production
    Business
    Associated Press

    OPEC, allies agree not to further increase oil production

    Trump has been calling publicly for OPEC to help lower prices by producing more. "We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!" he tweeted on Thursday. OPEC and Russia have capped production since January 2017 to bolster prices.

  • These Marijuana Stocks Are Outselling Tilray
    Business
    Motley Fool

    These Marijuana Stocks Are Outselling Tilray

    Could they benefit more than Tilray from Canada's approaching recreational market? With only 17.8 million shares available to trade, Tilray's shares are more exposed to breathtaking pops and drops than are those of Aurora Cannabis and Canopy Growth. Tilray's relative illiquidity has contributed significantly to its 700%-plus rally since its IPO in July.

  • 3 Biggest Marijuana Stocks in the U.S. Cannabis Market
    Business
    Motley Fool

    3 Biggest Marijuana Stocks in the U.S. Cannabis Market

    Its recreational marijuana market opens up nationwide in October, and the biggest marijuana stocks in the world are all based in Canada. This year, the U.S. is expected to generate more than 85% of total global marijuana sales. While that percentage will likely decrease as the Canadian recreational cannabis market and medical cannabis markets in Europe grow, the U.S. still is probably going to make up three-quarters of total global marijuana sales well into the next decade.