Author: Daniel snow

Trump’s threat might not be enough to move production

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[ad_1] FILE PHOTO: Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple’s Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019. Tom Brenner | ReutersThe once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners…

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What Medicaid, SNAP cuts in House Republican bill mean for benefits

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[ad_1] A “Save Medicaid” sign is affixed to the podium for the House Democrats’ press event to oppose the Republicans’ budget on the House steps of the Capitol on Tuesday, February 25, 2024. Bill Clark | Cq-roll Call, Inc. | Getty ImagesThe multitrillion-dollar tax and spending package passed by the House of Representatives on Thursday includes historic spending cuts to Medicaid health coverage and the Supplemental Nutrition Assistance Program, or SNAP.Now, it is up to the Senate to consider the changes — and to perhaps propose its own.As it stands, the legislation — called the “One Big Beautiful Bill Act” —…

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We’re buying the dip on this financial as Trump ramps up trade threats

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[ad_1] We are buying 50 shares of Capital One Financial at roughly $185. Following the trade, Jim Cramer’s Charitable Trust will own 550 shares of COF, increasing its weighting to 3% from 2.75%. We’re doing a little bit of buying Friday as stocks sell off in reaction to President Donald Trump’s tariff threats against the European Union and Apple . This purchase violates the low average cost basis on our Capital One position, but we always wanted to make this position bigger due to our conviction in the benefits of the Discover acquisition, which closed on Sunday. After touching $200…

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‘Absolute tsunami’ of ETFs to hit market, investors need to prepare

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[ad_1] The world of exchange-traded funds is about to face an unprecedented storm of new product launches. A fund industry that has already seen enormous growth in recent decades may soon close to double its presence in the market — and do so in just one month.That’s because of a long-anticipated change from the Securities and Exchange Commission allowing traditional mutual fund managers to offer an ETF share class of their existing funds — “a game changer,” as it has been called by some already.To put the coming flood of ETFs into perspective by the numbers, consider the following: Currently,…

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