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Trump escalates feud with Sessions

President Donald Trump escalated his long-running feud with Attorney General Jeff Sessions on Friday, pressing him to investigate those who are probing his administration. The president’s tweets marked the second day of a highly public smackdown by Trump of his attorney general. Earlier this week, Trump, concerned by the legal downfall of two former advisers, accused Sessions of failing to take control of the Justice Department. …read more […]

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Trade of the Day: Starbucks Corporation (SBUX)

To receive further updates on this Starbucks Corporation (NASDAQ:SBUX) trade, sign up for a risk-free trial of Maximum Options today. When the Dow Transports hit new highs, the Dow Jones Industrials and the broader market tend to follow to the upside, so I think there’s a 75% chance that the market will be higher three months from now and roughly an 85% chance that the market will be higher six months from now. Also, the latest Investors Intelligence survey suggests that about 57% of advisors are bullish, which is the highest reading since January when the reading was …read more […]

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New IRS rule on deductions hits some high-tax states hard

New rules unveiled by the IRS undermine some states’ attempts to help residents keep a version of a popular federal income tax deduction. Last year’s Republican tax overhaul put a $10,000 cap on deductions for state and local income taxes, which could affect some high-earners in high-tax states. A handful of high-tax states sued the administration earlier this summer over the Republican tax law, which they say was in part politically motivated to attack Democratic-leaning states. …read more […]