Donald Trump Issues Social Security, Medicaid Update
President Donald Trump has again insisted that he won’t be touching Social Security benefits, alongside Medicare and Medicaid, and instead will be looking to remove “tremendous fraud” from the system.
Why It Matters
Social Security benefits are a vital source of income for tens of millions of Americans.
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Read MoreStock market today: Wall Street is ending its wild week with what else but more swings
By STAN CHOE
NEW YORK (AP) — Wall Street rose on Friday, but only after careening through another wild day. It was a fitting ending to a brutal week of scary swings dominated by worries about the U.S. economy and uncertainty about what President Donald Trump will do with tariffs.
Read MoreTrade war widens as tariffs from, against US begin this week
The Trump administration is moving forward with new tariffs this week, escalating global trade tensions and prompting retaliatory measures from both Canada and China.China, Canada, and Mexico are the biggest U.S. trading partners, accounting for more than a third of all U.S. trade.Onboard Air Force One Sunday, President Donald Trump defended using tariffs.”All I know is we’re going to take in hundreds of billions of dollars in tariffs,
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Read MoreS&P 500 to sink 5% on growth risks: Morgan Stanley’s Michael Wilson
U.S. stocks are at risk of slumping another 5% on worries about the hit to corporate earnings from tariffs as well as lower fiscal spending, according to Morgan Stanley’s Michael Wilson.
The strategist — among the popular bearish voices on equities until mid-2024 — said he expects the S&P 500 to hit a low of about 5,500 points in the first half of the year,
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Read MoreDow Set to Open Down as Market Braces for Trump Tariff Retaliation
Stock futures were edging up after dropping early on in premarket trading Tuesday after shares staged a rally in the previous session.
There wasn’t one clear reason for the turnaround, but rather a combination of at least three things. One is the upcoming budget fight to prevent a government shutdown that has a critical deadline this weekend,
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Read MoreThe Burst
Market Commentary: Little-Known Indicator Forecasts Market Plunge
Some indicators aren’t well known or understood but can be highly effective when used by proficient traders. SKEW is one such indicator; it measures the perceived tail risk of the distribution of S&P 500 investment returns over a 30-day horizon.
Read MoreThe Ivy
1 Healthcare Firm Billion Dollar Funds Bets On
Lantheus Holdings isn’t a healthcare firm that springs to the top of investors’ minds as say a United Healthcare might but it’s attracted the interest of one money manager who oversees almost $20 billion, Farallon Capital Management.
What is it that this astute asset manager sees in this off-the-radar firm which has sold off big time in the past 3 months?
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