A game-changing new bill could dramatically reduce how much seniors have to spend on medications. 

There are several proposed changes for Medicare and its beneficiaries under the Senate budget reconciliation bill from Senate Majority Leader Chuck Schumer, D-NY, and Sen. Joe Manchin, D-WV, which was approved over the weekend. The House is expected to pass the legislation this week, according to media reports.

“We view the Inflation Reduction Act as the largest policy change in U.S. history to accelerate growth in what we have viewed as an already inevitable energy transition to renewables,” J.P. Morgan’s Strouse wrote in a note to clients.

The iShares Global Clean Energy exchange-traded fund ICLN,

“We view the Inflation Reduction Act as the largest policy change in U.S. history to accelerate growth in what we have viewed as an already inevitable energy transition to renewables,” J.P. Morgan’s Strouse wrote in a note to clients.

The iShares Global Clean Energy exchange-traded fund ICLN,

SAVANNAH, Ga. (AP) — The white man who fatally shot Ahmaud Arbery after chasing the 25-year-old Black man in a Georgia neighborhood was sentenced Monday to life in prison for committing a federal hate crime.

Travis McMichael was sentenced by U.S. District Court Judge Lisa Godbey Wood in the port city of Brunswick. His punishment is largely symbolic, as McMichael was sentenced earlier this year to life without parole in a Georgia state court for Arbery’s murder.

My great-grandmother recently passed, and while she did not have much, her home just sold for about $700,000. The property has about $200,000 due in back taxes and fees, so my grandmother and great-aunt will likely each walk away with around $250,000.

My grandmother does not have much, and I am concerned she is going...

The California Department of Motor Vehicles is accusing Tesla Inc. of falsely advertising the capabilities of its self-driving technology.

Two complaints filed July 28 show that the DMV is seeking changes in the way Tesla TSLA,

soared 45% Monday with no apparent news driving the move, as the WallStreetBets crowd on Reddit again embraced the 'meme' stock. One individual on the Reddit forum, who goes by the name of "TheDude0007," said his inbox has been blowing up with enquiries about his decision-making process after he said he had "10x'd a $45K YOLO" in Bed Bath & Beyond stock and explained he has been monitoring it closely since Ryan Cohen, the founder of Chewy, took a position. Cohen has since forced a number of changes at the troubled retailer, including pushing out its "overcompensated CEO" and gaining three board seats, said the post. Cohen has pushed the sale of Buy Buy Baby, which appears to be happening and "a proposal of a hefty investor dividend from the proceeds has been initiated," said the post. Bed Bath & Beyond shares are down 22% in the year to date, while the S&P 500 SPX,

What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing to yearly wage gains pegged at 5.2% on Friday, which should help fuel growth.

On the gloomier side, however, sits inflation at a 41-year high as of June, which may be even harder to tame after more workers in July dropped out of the labor pool.

“In the more immediate term, this directly challenges the view that the Fed is going to be done increasing rates when it gets the policy rate above 3%,” Engelke said by phone, adding that he suspects the end target now sits closer to 4%.

The surprisingly robust jobs report puts next Wednesday’s consumer-price index update for July into sharper focus, with many on Wall Street hoping for signs that inflation finally may be peaking.

“It’s good from the consumer perspective,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management of the jobs report, adding that...

soared 45% Monday with no apparent news driving the move, as the WallStreetBets crowd on Reddit again embraced the 'meme' stock. One individual on the Reddit forum, who goes by the name of "TheDude0007," said his inbox has been blowing up with enquiries about his decision-making process after he said he had "10x'd a $45K YOLO" in Bed Bath & Beyond stock and explained he has been monitoring it closely since Ryan Cohen, the founder of Chewy, took a position. Cohen has since forced a number of changes at the troubled retailer, including pushing out its "overcompensated CEO" and gaining three board seats, said the post. Cohen has pushed the sale of Buy Buy Baby, which appears to be happening and "a proposal of a hefty investor dividend from the proceeds has been initiated," said the post. Bed Bath & Beyond shares are down 22% in the year to date, while the S&P 500 SPX,

The pace of the stock market’s rise as it continues a bounce off the June lows is nearing a magnitude that’s preceded “huge” moves in the past. The dilemma for investors is that those moves can be in “either direction,” analysts at Jefferies observed in a weekend note.

Through Friday, the S&P 500 SPX,

 said Monday it will no longer require vaccinated cruise ship guests at least 12 years old to show a negative COVID test, or to have any COVID-19-related pre-boarding protocols. Meanwhile, unvaccinated guests at least 12 years old will still have to show a negative PCR or Antigen test no more than three days before they board. The cruise operator’s moves come after the Centers for Disease Control and Prevention said in July that its COVID-19 Program for Cruise Ships is no longer in effect, and that COVID-19 protocols were up to individual companies. Carnival Corp.  CCL,

gained 2.1%, according to FactSet data, at last check. U.S. senators on Sunday passed the bill, dubbed the Inflation Reduction Act, on a party-line vote and sent it to the Democrat-controlled House of Representatives for approval. Clean energy ETFs have recently surged, getting a boost late last month after Senator Joe Manchin, a West Virginia Democrat, and Senate Majority Leader Chuck Schumer, D-New York, reached an agreement on the bill.

Gold futures were steady on Monday as July’s jobs report cleared the way ahead for more interest rate hikes, but investors still await Wednesday’s inflation data for fresh guidance on the rate outlook.

Inflation expectations in July fell across all time horizons, according to a monthly survey by the New York Fed released Monday. The median expectation of inflation over the next three years dropped to 3.2% in July from 3.6% in the prior survey and a 3.9% increase in May. In the short run, consumer inflation expectations dropped to 6.2% from a record high 6.8% in June. Longer-run 5-year inflation expectations declined to 2.3% from 2.8% in the prior month. Fed officials pay close attention to consumer attitudes about inflation because research has shown that inflation and consumer assumptions seem to often move in tandem. Expectations about year-ahead increases for gas and food fell sharply. Consumers expect home prices to rise 3.5%, the lowest reading since November 2020.

The pace of the stock market’s rise as it continues a bounce off the June lows is nearing a magnitude that’s preceded “huge” moves in the past. The dilemma for investors is that those moves can be in “either direction,” analysts at Jefferies observed in a weekend note.

Through Friday, the S&P 500 SPX,

Stocks remained solidly higher early Monday, rising after the S&P 500 logged a third straight weekly gain as earnings season hits the home stretch and investors look ahead to a July consumer-price index reading later this week. The Dow Jones Industrial Average rose 254 points, or 0.8%, to 33,057 --- a finish above 32,877.66 would see the blue-chip gauge exit its market correction, according to Dow Jones Market Data. The S&P 500 SPX,

Stocks remained solidly higher early Monday, rising after the S&P 500 logged a third straight weekly gain as earnings season hits the home stretch and investors look ahead to a July consumer-price index reading later this week. The Dow Jones Industrial Average rose 254 points, or 0.8%, to 33,057 --- a finish above 32,877.66 would see the blue-chip gauge exit its market correction, according to Dow Jones Market Data. The S&P 500 SPX,

He said the jobs numbers show there’s no Fed pivot in sight. Gartman said he expects not just a 75 basis point rate hike in September, but another 75 point hike in November and possibly a half-point increase in December. Stocks, however, moved off their lowest level of the session after the report was released, with the Dow industrials DJIA,

He said the jobs numbers show there’s no Fed pivot in sight. Gartman said he expects not just a 75 basis point rate hike in September, but another 75 point hike in November and possibly a half-point increase in December. Stocks, however, moved off their lowest level of the session after the report was released, with the Dow industrials DJIA,

advanced 0.3%, according to FactSet data, at last check. Investors are looking ahead to Wednesday's reading on the consumer-price index for a gauge of inflation in July, as they seek to assess how aggressive the Fed may hike rates to curb the soaring cost of living.

Shares of Nvidia Corp. were tumbling 7% in premarket trading Monday after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter, largely due to gaming weakness.

The company expects fiscal second-quarter revenue of $6.7 billion, up from $6.5 billion a year before, whereas analysts were expecting $8.1 billion. Nvidia’s NVDA,

advanced 0.3%, according to FactSet data, at last check. Investors are looking ahead to Wednesday's reading on the consumer-price index for a gauge of inflation in July, as they seek to assess how aggressive the Fed may hike rates to curb the soaring cost of living.

surged 5.8% in premarket trading, putting them on track for a sixth-straight gain to the highest close in more than four months. The "meme" stock had already rocketed 52.3% as it rose every day last week, to post the biggest weekly gain since it soared 83.4% during the week ended June 4, 2021. The rally comes as the movie theater operator announced last week it will issue a special "APE" dividend, in the form of AMC Preferred Equity Units that will trade on the New York Stock Exchange. Separately, J.P. Morgan analyst David Karnovsky said in a note to clients Monday about fellow movie theater operator Cinemark Holdings Inc. CNK,

Main Street Capital Corp. shares fell 0.6% in premarket trades Monday after Raymond James analyst Robert Dodd downgraded the stock to market perform from outperform, based on valuation. "With the shares currently trading at the upper end of the historic trading range, we see limited upside to net asset value per share in the near-term with what appear to be economic headwinds which should potentially moderate equity appreciation and dividend income," Dodd said in a research note. The business development company, which lends money to businesses, has a portfolio that remains in "solid shape, with no discernable deterioration...

Open $188.10 Day Range 186.66 - 192.29 52 Week Range 140.55 - 346.47 Market Cap $474.72B Shares Outstanding 2.5B Public Float 2.4B Beta 1.70 Rev. per Employee $1.315M P/E Ratio 50.96 EPS $3.73 Yield 0.08% Dividend $0.04 Ex-Dividend Date Jun 8, 2022 Short Interest 36.04M 07/15/22 % of Float Shorted 1.50% Average Volume 55.52M