Stocks set to slide, details of Trump's budget plan revealed

Tue, Feb 13, 2018, 9:02 AM

In this article:

Yahoo Finance’s Alexis Christoforous, Jared Blikre, Ethan Wolff-Mann and Dan Roberts discuss the big stories of the day.

Today’s Topics

Trump’s budget: What’s in, what’s out
Point72 lawsuit
New products from Google and Facebook
Trump budget calls for Medicaid cuts, ACA repeal
Trump favors military, wall in budget plan
Under Armour surges on revenue beat
Chloe Kim wins gold with near-perfect score
Statue of Liberty mask causes drama
Top dog to be crowned at 142nd Westminster Dog Show
Robot dog learns to open doors
China’s Harbin invests $300M into GNC
GM to close plant in South Korea citing unprofitability
Apple Music expands student subscriptions to 79 new markets
Walgreens looks to takeover Amerisource
Amazon pushes into specialized medical supplies distribution: WSJ
Facebook to create breaking news section
Google to let publishers use new ways of visual storytelling

Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
The Telegraph
A millennial who went to college in his 30s when his career stalled says his Bachelor's degree is 'worthless' and that he's been looking for a job for 3 years
A millennial went to college in his 30s when his career growth stalled. Now he's saddled with student debt and struggling to find a job.
Business Insider
Billionaire Bill Gates Has 51% of His Portfolio Invested in 2 Brilliant Stocks
The Bill and Melinda Gates Foundation Trust outperformed the S&P 500 by a wide margin over the past three years, in part because of these two stocks.
Motley Fool
Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.
Business Insider
Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’
The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.
Barrons.com
Ask an Advisor: Can a Nursing Home Take Our IRA? We Have a $100K IRA and a Trust to Protect Our Assets
My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
SmartAsset
The U.S. Is Shelling Out $2.9 Billion Per Day In Interest And These ETFs Let You Get A Piece Of It
The U.S. national debt is a hot topic as the government continues to spend more than it earns. With the debt currently standing at a staggering $34 trillion, the interest payments alone are eating up a significant portion of the budget. In fact, the ...
Benzinga
Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
TipRanks
Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest
Can investors realistically time the market to maximize returns, especially over the long term? According to a recent study from Charles Schwab, perfect market timing is practically impossible. The firm’s research showed that most investors are better off investing as soon as possible using a buy-and-hold strategy rather than trying to predict short-term peaks and […] The post Forget About ‘Timing the Market’: Schwab Research Reveals the Optimal Way to Invest appeared first on SmartReads by Smar
SmartAsset
1 Magnificent Dividend Stock Down 25% to Buy and Hold Forever
A falling stock price has made Agree Realty an even more attractive passive-income investment.
Motley Fool

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Stocks set to slide, details of Trump's budget plan revealed

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Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn

A millennial who went to college in his 30s when his career stalled says his Bachelor's degree is 'worthless' and that he's been looking for a job for 3 years

Billionaire Bill Gates Has 51% of His Portfolio Invested in 2 Brilliant Stocks

Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.

Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’

Ask an Advisor: Can a Nursing Home Take Our IRA? We Have a $100K IRA and a Trust to Protect Our Assets

The U.S. Is Shelling Out $2.9 Billion Per Day In Interest And These ETFs Let You Get A Piece Of It

Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks

Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest

1 Magnificent Dividend Stock Down 25% to Buy and Hold Forever