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Trump is backing a 25-cent federal gas tax hike

CNBC's Ylan Mui reports on which states could face the highest household cost per year if the gas tax was raised 25-cents.

  • Is the Options Market Predicting a Spike in Pfizer (PFE) Stock?
    Finance
    Zacks

    Is the Options Market Predicting a Spike in Pfizer (PFE) Stock?

    Investors in Pfizer Inc. PFE need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

  • Alibaba founder Jack Ma says the US-China trade war is 'going to be a mess' and could last 20 years (BABA)
    Finance
    Business Insider

    Alibaba founder Jack Ma says the US-China trade war is 'going to be a mess' and could last 20 years (BABA)

    The US and China trade war could last 20 years, Alibaba founder Jack Ma said. Ma made the remark after President Donald Trump ordered the US Trade Representative to impose fresh tariffs on $200 billion worth of Chinese goods. When commenting about his coming retirement, Ma says he has been prepared for it for over 10 years.

  • Julia Louis-Dreyfus Joins Over 200 High School Alumnae in Signing Letter Supporting Ford and Her Kavanaugh Allegations
    News
    Time

    Julia Louis-Dreyfus Joins Over 200 High School Alumnae in Signing Letter Supporting Ford and Her Kavanaugh Allegations

    More than 200 women who attended Christine Blasey Ford’s high school, including actress Julia Louis-Dreyfus, have signed a letter saying they believe the California professor’s allegations that Supreme Court nominee Brett Kavanaugh sexually assaulted her. Louis-Dreyfus tweeted Monday afternoon that she added her name to the letter, which was signed by alumnae of Holton-Arms, an all-girls college-prep school in Bethesda, Md. Louis-Dreyfus said she graduated from the private school in 1979. “We believe Dr. Blasey Ford and are grateful that she came forward to tell her story,” the letter reads.

  • Business
    Reuters

    Visa, Mastercard reach $6.2 bln settlement over card-swipe fees

    Visa Inc, Mastercard Inc, and a number of banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments. The card issuers named in the class-action lawsuit include JPMorgan Chase & Co, Citigroup and Bank of America . Mastercard will pay an additional $108 million from funds set aside in the second quarter, the company said https://reut.rs/2OA2V0i.

  • Trump adviser eyes entitlement cuts to plug U.S. budget gaps
    Business
    Reuters

    Trump adviser eyes entitlement cuts to plug U.S. budget gaps

    A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 percent to 5 percent of the country's economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut spending on entitlement programs. "We have to be tougher on spending," White House economic adviser Larry Kudlow said in remarks to the Economic Club of New York, adding that government spending was the reason for the wider budget deficits, not the Republican-led tax cuts activated this year.

  • Sears Holdings: The Pension Is Not the Problem
    Business
    Motley Fool

    Sears Holdings: The Pension Is Not the Problem

    Last Thursday, Sears Holdings (NASDAQ: SHLD) released another dreadful quarterly earnings report. Sears' net loss more than doubled to $508 million, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to -$112 million from -$66 million a year earlier. Sadly, the poor results may not have been the most disturbing news out of Sears Holdings last week.

  • iOS 12 review: Apple's new iPhone software will make you use your phone better – and less
    Technology
    The Independent

    iOS 12 review: Apple's new iPhone software will make you use your phone better – and less

    Apple's new iPhone software, iOS 12, arrives today. It's an update fixed with little tweaks, minor improvements, subtle changes. But more importantly it's probably the first time that Apple has released an update that it hopes will stop you using your

  • 3 of the Cheapest Pure-Play Marijuana Stocks
    Business
    Motley Fool

    3 of the Cheapest Pure-Play Marijuana Stocks

    Following years of debate, Canada's big day is just over a month away. As of Oct. 17, adults aged 18 or 19 and over (depending on the province) can legally purchase recreational marijuana in licensed dispensaries. This'll make Canada only the second country in the world and the first industrialized country to legalize adult-use weed.

  • Alibaba's Ma Warns U.S-China Trade War Can Drag On for 20 Years
    World
    Bloomberg Video

    Alibaba's Ma Warns U.S-China Trade War Can Drag On for 20 Years

    Sep.18 -- Billionaire Jack Ma warned that the trade war between the United States and China can last longer and have a bigger impact than most people believe. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."

  • Better Buy: Costco Wholesale Corporation vs. Target
    Business
    Motley Fool

    Better Buy: Costco Wholesale Corporation vs. Target

    Both Costco (NASDAQ: COST) and Target (NYSE: TGT) have bucked the trend that has hurt so many retailers. Costco has not had to change its business as dramatically, but it has made moves to deal with what has become a very different retail space. Target is opening smaller-format stores in locations where full-size stores would make no sense.

  • Brett Kavanaugh Can’t Be Trusted. We Know Because We Worked as Counsel to Senators When He Was in the Bush White House
    Politics
    Time

    Brett Kavanaugh Can’t Be Trusted. We Know Because We Worked as Counsel to Senators When He Was in the Bush White House

    The events of this weekend only make it clearer the Senate must not act in haste. At the very least, the Senate should not vote on his nomination until still-secret documents from his time in the George W. Bush White House are made public and until the sexual misconduct allegations that have just become public are thoroughly investigated. Kavanaugh’s nomination to the D.C. Circuit in July 2003 was highly controversial because of his role in very partisan matters, including judicial nominations.

  • Saudi fund pumps $1B into Silicon Valley electric car maker
    Business
    Associated Press

    Saudi fund pumps $1B into Silicon Valley electric car maker

    Saudi Arabia's sovereign wealth fund invested more than $1 billion Monday in a Silicon Valley electric car maker just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments. It wasn't clear if that loan money played a part in the electric-car investment.

  • KBR and ConocoPhillips Team Up on Mid-Scale LNG Technology
    Finance
    Zacks

    KBR and ConocoPhillips Team Up on Mid-Scale LNG Technology

    KBR, Inc. KBR has collaborated with ConocoPhillips COP to develop a low-cost mid-scale liquefied natural gas (“LNG”) train that should be accessible to new LNG projects starting in 2019.The companies plan to complete a front-end engineering and design

  • AT&T’s Gone Hollywood, But Verizon Steals the Show
    Finance
    Bloomberg

    AT&T’s Gone Hollywood, But Verizon Steals the Show

    Since a judge gave the all-clear to AT&T’s $102 billion acquisition of Time Warner in June, the AT&T team led by CEO Randall Stephenson has started integrating its newly acquired TV networks and film business. Meanwhile, Verizon’s new CEO Hans Vestberg has prioritized investing in the company’s wireless network and downplayed the need for buying media assets. The opposing visions at two companies that used to be quite similar have sparked a debate over whether it’s more advantageous to be a narrowly focused business like Verizon or a conglomerate with control over both distribution and content. What we do know so far is that the spotlight on Time Warner is masking some of the deterioration at other parts of AT&T, specifically the DirecTV satellite operations that it’s owned since mid-2015.

  • China is on the brink of collapse: Art Laffer
    Business
    Fox Business Videos

    China is on the brink of collapse: Art Laffer

    Former Reagan economic adviser Art Laffer on the White House considering an additional $200 billion in tariffs on Chinese products entering the U.S.

  • Can Sonos Stock Bounce Back?
    Business
    Motley Fool

    Can Sonos Stock Bounce Back?

    You don't get a second chance to make a first impression, and it's safe to say that Sonos (NASDAQ: SONO) didn't get it right the first time. The maker of high-end wireless speakers has seen its stock plummet 22% over the past four trading days, taking

  • MoviePass parent proposes another reverse stock split to avoid NASDAQ delisting
    Business
    American City Business Journals

    MoviePass parent proposes another reverse stock split to avoid NASDAQ delisting

    MoviePass parent Helios and Matheson Analytics Inc. has 13 weeks to boost its stock price or risk getting delisted from NASDAQ. The MoviePass parent wants to do another reverse stock split and has called a special stockholder meeting on Oct. 18 to vote on it, according to an SEC filing on Monday. The resolution, unanimously approved by the Helios (NASDAQ: HMNY) board, proposes a one-time reverse stock split of up to 1 share for 500 shares.

  • Julie Chen, wife of former CBS CEO, is leaving 'The Talk' show - CNNMoney
    News
    Reuters

    Julie Chen, wife of former CBS CEO, is leaving 'The Talk' show - CNNMoney

    Chen's decision to leave the TV show is effective immediately, CNNMoney reported, citing two sources close to her. Chen has decided that her main focus needs to be "clearing her husband's name from accusations" of alleged incidents "25-30 years ago" and tending to her son, CNNMoney quoted one of the sources as saying.

  • 3 Semiconductor Stocks to Buy for the Long Haul
    Business
    InvestorPlace

    3 Semiconductor Stocks to Buy for the Long Haul

    If there is one group of stocks that best represents our times, it’s the semiconductor stocks. So far in 2018, the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH), which measures the performance of this sector, is up 6.3%, against a 14% gain in the Nasdaq

  • Rite Aid Investors Got What They Wanted, Unfortunately
    Business
    Motley Fool

    Rite Aid Investors Got What They Wanted, Unfortunately

    Rite Aid (NYSE: RAD) investors may be experiencing non-seller's remorse. The company has taken a beating since announcing that it will not be merging with Albertsons. Rite Aid was set to combine its remaining assets with grocery store giant Albertsons in a new company generating $60 billion in annual sales, but there was plenty of vocal dissent.

  • New Age Beverages Stock Soars on Coca-Cola Takeover Rumors
    Finance
    InvestorPlace

    New Age Beverages Stock Soars on Coca-Cola Takeover Rumors

    According to these rumors, Coca-Cola is considering taking control of the company. One thing to consider about the Coca-Cola rumors are other rumors concerning it and New Age Beverages. For example, it looks like NBEV is considering launching several drinks that include CBD oil, which is the non-psychoactive component of marijuana.

  • Why This Tiny Marijuana Stock Is Soaring 14% Today
    Business
    Motley Fool

    Why This Tiny Marijuana Stock Is Soaring 14% Today

    After reporting that it has received a confirmation-of-readiness letter from Health Canada regarding its filing to become a licensed marijuana extracts producer under Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR), shares in marijuana upstart Neptune Technologies (NASDAQ: NEPT) (TSX: NEPT) are jumping 14% at 2 p.m. EDT on Monday. Neptune Technologies is in the midst of a transformation that will leverage its 50-year track record in nutraceuticals to provide marijuana extraction solutions to the cannabis industry.

  • China's Stocks Sink to Lowest Level Seen in $5 Trillion Crash
    Business
    Bloomberg

    China's Stocks Sink to Lowest Level Seen in $5 Trillion Crash

    China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, before a stock boom that turned into a $5 trillion bust.The Shanghai gauge dropped 1.1 percent to 2,651.79 at the close

  • Trump imposes tariffs on $200B more of Chinese goods
    Business
    Associated Press

    Trump imposes tariffs on $200B more of Chinese goods

    The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on Jan. 1. President Donald Trump made the announcement Monday in a move that is sure to ratchet up hostilities between Washington and Beijing.

  • Why Tilray, Inc. Is Roaring Back Today
    Business
    Motley Fool

    Why Tilray, Inc. Is Roaring Back Today

    What happened Shares of Tilray, Inc. (NASDAQ: TLRY) were up 10.8% as of 3:21 p.m. EDT on Monday following a double-digit percentage drop on Friday. Tilray's big bounce back came as a result of a report by BNN Bloomberg TV that Coca-Cola is in discussions