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U.S. sanctions several Russians, including oligarch linked to former Trump campaign chief Paul Manafort

The Trump administration on Friday unveiled new actions against various Russian officials, oligarchs, businesses, and agencies — freezing assets that are subject to U.S. jurisdiction

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

  • Finance
    Investopedia

    Facebook Stock Seen Falling to 2018 Low

    Facebook Inc.'s ( FB) stock has plunged in 2018, with shares down by more than 26% from their peak in July at almost $218. Option trades also suggest Facebook will fall by the start of early next year. Should the stock fall below that support level, shares could fall to roughly $148.75.

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

  • 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

  • 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.

  • 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: 6 things to try as soon as you get the new iPhone update from Apple
    Technology
    The Independent

    iOS 12: 6 things to try as soon as you get the new iPhone update from Apple

    Apple's iOS 12 has arrived, bringing a whole host of new features and tools with it. Each year, Apple accompanies the release of new phones with new phone software, allowing people access to a range of new features even if they're not buying the new hardware. A large part of the update is laying foundations, tweaking and improving performance, altering small features.

  • Where Will Ferrellgas Partners, L.P. Be in 5 Years?
    Business
    Motley Fool

    Where Will Ferrellgas Partners, L.P. Be in 5 Years?

    Here's what to expect from Ferrellgas Partners over the next five years. Ferrellgas Partners' core business is distributing propane. In early 2014 the partnership decided to try and diversify into the midstream oil and natural gas space, using acquisitions to create a midstream division.

  • FedEx quarterly profit misses Wall Street estimate
    Business
    Reuters

    FedEx quarterly profit misses Wall Street estimate

    Shares in the Memphis-based package delivery company fell 2.7 percent to $248.60 in after-hours trading. FedEx and rival United Parcel Service Inc (UPS.N) are considered bellwethers for the U.S. economy and global trade. Investors are monitoring their operations for any disruptions caused by U.S. President Donald Trump's ongoing tariff battles with China and other nations.

  • 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.

  • China's arsenal in US tariff row shrinks but it has other weapons
    Business
    AFP

    China's arsenal in US tariff row shrinks but it has other weapons

    With Donald Trump now planning to hit roughly half China's exports with higher tariffs, Beijing finds itself outgunned as it imports far less from the United States and cannot fire back dollar-for-dollar. Trump said Monday he would impose 10 percent tariffs on $200 billion of Chinese goods from September 24, adding to levies already put on $50 billion of products in the summer. The US imported around $500 billion worth of goods from China last year.

  • 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.

  • 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.

  • 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.

  • Serena Williams Breaks Silence on U.S. Open Controversy
    News
    Time

    Serena Williams Breaks Silence on U.S. Open Controversy

    Serena Williams has maintained that she did not receive coaching in the U.S. Open women’s singles final in her first public comments since the post-match press conference. In a forthcoming interview with Australian talk show The Project, the tennis superstar refuted comments that her coach, Patrick Mouratoglou, made about gesturing to her from the stands during her matchup with Japan’s Naomi Osaka. “We all know that all the coaches coach at every match, all year long,” Mouratoglou said.

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

  • Business
    Benzinga

    Bank Of America Raises JPMorgan Price Target, Sees Multiple Growth Avenues

    When a company like JPMorgan Chase & Co (NYSE: JPM) has performed as such a high level for so long, investors are often right to start to question how the company and the stock can continue to impress the market. One analyst said Monday that JPMorgan

  • Business
    Benzinga

    BofA Upgrades NXP, Downgrades Microchip: A Semiconductor Pair Trade

    It’s a stock picking game in the semiconductor space these days, and one analyst has upgraded one semiconductor stock and downgraded another. The Analyst Bank of America Merrill Lynch analyst Vivek Arya upgraded NXP Semiconductors NV (NASDAQ: NXPI)

  • 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.

  • Shopify Stock Just Did Something It Hasn't Done in 7 Months
    Business
    Motley Fool

    Shopify Stock Just Did Something It Hasn't Done in 7 Months

    Shares of Shopify (NYSE: SHOP) soared 10% last week. The move might have seemed like par for the course in 2016, 2017, and early 2018 -- when the e-commerce platform provider was one of the market's hottest stocks -- but it was a rare accomplishment these

  • 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

  • Finance
    TheStreet.com

    Analysts Cautious After FedEx Fails to Deliver on Earnings

    Analysts are expressing caution Tuesday on FedEx Corp. , as mixed quarterly results reported after the bell Monday bode poorly for the volatile stock. FedEx was down $9.85, or 3.9%, to $246 shortly before 10 a.m. ET after the firm reported earning $3.46 per share in its fiscal first quarter vs. the $3.80 that analyst had expected.

  • 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.