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White House defends Trump after AP report on homeless vet

The White House defended President Donald Trump on Friday after an Associated Press report that he stretched the truth in his State of the Union account of a formerly homeless veteran who turned his life around with a job at a company that is taking advantage of Opportunity Zone tax breaks. The AP report found that construction worker Tony Rankins, who was introduced to a standing ovation at the State of the Union, doesn’t work at a site taking advantage of the breaks and has never done so. In fact, the hotel renovation job that he credits …read more […]

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Aurora Cannabis (ACB) Couldn’t Have Reported a Worse Quarter

Despite all of the promises for the Canadian cannabis space entering 2020, Aurora Cannabis (ACB) reported one of the worst quarters in the space and the lack of financial discipline has to question where the reorganization will work until new executive leadership joins the company.EBITDA Loss DoublesThe most alarming number reported for the December quarter was the doubling of the adjusted EBITDA loss. Companies can’t always control revenues, especially in an emerging market with volatile regulations, but any particular company can control expenses.Aurora Cannabis reported a C$80 million EBITDA loss in the quarter, up from $40 million in the prior …read more […]

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Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019.Berkshire’s Kroger investment, which totaled $549 million at the end of the year, was disclosed more than a year after Buffett’s conglomerate sold off its stake in retailing giant Walmart Inc. The company also built a $192 million stake in Biogen while trimming its stakes in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Friday.Kroger shares surged …read more […]

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Berkshire Hathaway increases shares of Kroger, decreases shares of major banks

Shares of Kroger popped in after-hours trade on Friday, on news that Berkshire Hathaway added nearly nineteen million shares of the grocery store chain, while reducing its stake in Wells Fargo, Goldman Sachs, and Bank of America. The Final Round panel discusses the details. …read more […]

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Apple Accused by Ex-Exec It’s Suing of Poaching His Staff

(Bloomberg) — A former Apple Inc. chip executive sued for allegedly betraying the iPhone maker by launching a startup and poaching its employees accused the technology giant of doing the same to him.Gerard Williams III, who last year left his job as lead chip architect at Apple and co-founded Nuvia Inc., fired back with his own claims against his former employer. He says Apple tried to stop his firm from hiring its engineers while simultaneously recruiting staff from Nuvia.Apple’s lawsuit is designed to “suffocate the creation of new technologies and solutions by a new business, and to diminish the freedom …read more […]

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Treat Yourself to a Healthy Retirement

Editor’s Note: Happy Valentine’s Day from Wealthy Retirement!
February 14 is a fun occasion (and reminder) to dedicate time to people in our lives who we appreciate.
But often, we forget that this list should include ourselves…
Today, Research Director Kristin Orman will share ways that you can take care of yourself this Valentine’s Day by treating yourself to a healthier and happier retirement.
Read on to discover gifts – beyond flowers and chocolates – that will make this season of appreciation and affection even more meaningful, especially if you’re “flying solo” this year.
(Though if you’re like me, you’ll also treat yourself to chocolate…)
…read more […]

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Merrill Edge Review 2020 – A Great Tool for Free Trades

Merrill Edge is a trading platform from Bank of America. It allows you to trade stocks and ETFs with fees. It also gives you access to robust research and education services. In our Merrill Edge review, we conclude that the trading platform is a winner. It’s great for those looking for a strong trading platform combining banking and trading under one roof.
When it comes to trading stocks, traders have lots of choices. Of course, you could get yourself a traditional stockbroker or financial advisor. (But we don’t generally recommend it). You can use a lightweight trading app like Robinhood or …read more […]

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3 “Strong Buy” Stocks Set for Monster Growth in 2020

Let’s not beat about the bush. In a world gripped by uncertainty, one truth will always remain; investors want to know the best places to put their money. The tricky part is sifting through the thousands of stocks on offer in search of the golden tickets – the names which can maximize an investment over the long term.While there are numerous ways of going about it, a tried and tested path is to follow the lead of the experts. After all, the pros and the casual investor have the same goal in their sights – hefty returns.Bearing this in mind, …read more […]