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Trump signs $1.5 trillion tax overhaul into law

President Donald Trump has signed into law a $1.5 trillion tax overhaul package. Trump touted the size of the tax cut, declaring to reporters in the Oval Office before he signed it Friday that "the numbers will speak."

  • Politics
    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.

  • Sandwich Chain Closes Because Customers Can't Stomach That Owner Met Donald Trump
    Business
    Fortune

    Sandwich Chain Closes Because Customers Can't Stomach That Owner Met Donald Trump

    Hoagie sandwich chain Taylor Gourmet will close all 19 of its outlets largely due to a decline in sales after its co-founder attended an event last year led by President Donald Trump, according to Washingtonian. A Taylor Gourmet spokesperson confirmed the closures in the article. Fortune was unable to reach Taylor Gourmet for comment.

  • 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?

  • Will Democrats pursue impeachment after a Kavanaugh confirmation?
    U.S.
    Fox Business Videos

    Will Democrats pursue impeachment after a Kavanaugh confirmation?

    Former Justice Neil Gorsuch nomination communication strategist Ron Bonjean says any argument to impeach Judge Brett Kavanaugh after being confirmed as a Supreme Court Justice will fire up the conservative base.

  • 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.

  • 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.

  • These 5 Giants Are Buying Back Stock Hand Over Fist
    Business
    Motley Fool

    These 5 Giants Are Buying Back Stock Hand Over Fist

    Stock buybacks are a controversial issue for investors. On one hand, buybacks tend to boost the price of shares, producing profits for shareholders who hang onto their stock. In particular, technology giants Apple and Cisco Systems are near the top of the list of companies spending money on share repurchases over the past 12 months.

  • 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).

  • Marijuana Stocks Hope This Will Make Their Shareholders Rich
    Finance
    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.

  • 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?

  • The People vs. Donald Trump: Every Major Lawsuit and Investigation the President Faces
    Politics
    Fortune

    The People vs. Donald Trump: Every Major Lawsuit and Investigation the President Faces

    Donald Trump has an unprecedented number of legal entanglements compared to any previous president. Lawsuits have been brought by individuals, companies, and state attorneys general against him personally, his administration’s policies, the Trump Organization, and the president’s charity, the Trump Foundation. The New York Times reported today that Deputy Attorney General Rod Rosenstein discussed wearing a “wire” or having FBI candidates for the top post wear one to record the president in secret to determine more details about his firing of FBI head James Comey.

  • 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.

  • 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.

  • 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?

  • 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.

  • 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.

  • Business
    Motley Fool

    Better Buy: Insys Therapeutics, Inc. vs. GW Pharmaceuticals PLC

    GW Pharmaceuticals has definitely enjoyed a better year, with its share price jumping close to 30% so far in 2018. Insys was down over 40% earlier in the year, but the stock has clawed its way back in recent weeks. Quite honestly, Insys Therapeutics has pretty much been a "bad news biotech" for much of the last couple of years.

  • 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.

  • Comcast to acquire Sky for $39 billion following bidding war
    Finance
    Engadget

    Comcast to acquire Sky for $39 billion following bidding war

    Comcast has successfully outbid 21st Century Fox to acquire the UK media giant for $39 billion. It clinched the deal following an unusual blind auction through the UK's Takeover Panel, which helps moderate these large scale acquisitions. Comcast had led the bidding for months (including a $34 billion offer in August), but had to go through the Panel after neither side made a final offer.

  • Is It Time to Buy General Mills Stock After the Latest Drop?
    Business
    Motley Fool

    Is It Time to Buy General Mills Stock After the Latest Drop?

    General Mills (NYSE: GIS) posted earnings results this week, and, as they have in response to many of the company's recent reports, investors reacted harshly to the news. It's understandable that investors would be less than thrilled by General Mills' forecast of flat organic sales in fiscal 2019. General Mills' core sales rose by less than 1%, no real improvement over the flat results from the prior full fiscal year.

  • Where Will International Business Machines Corporation Be in 10 Years?
    Business
    Motley Fool

    Where Will International Business Machines Corporation Be in 10 Years?

    IBM (NYSE: IBM) is not your father's computer company anymore. Big Blue has been known in recent decades as a major provider of computer hardware, such as mainframes, servers, PCs, and disk drives. The company is still doing well in mainframes, but hardware

  • The 5 Biggest Investing Mistakes I've Ever Made
    Business
    Motley Fool

    The 5 Biggest Investing Mistakes I've Ever Made

    Every investor makes mistakes from time to time. It's simply part of the learning process. That's why smart investors regularly look back at their investing history to find lessons that can help them avoid making the same mistakes in the future.  I recently

  • 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.

  • 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.

  • Caterpillar leans on old playbook to cope with Trump tariffs
    Business
    Reuters

    Caterpillar leans on old playbook to cope with Trump tariffs

    Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc (CAT.N) is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old. At this sprawling factory in central North Carolina where it makes small front-end loaders, the company laid off workers in 2016 in response to plunging sales, consolidating two shifts into one under a program it calls the Operation & Execution Model. One third of the facility's 550 employees are on flexible contracts.