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Tesla Model 3 sees a price increase, but base car gets more range

“Moving through the Model 3 hierarchy, the Long Range model stays put with a $47,990 price tag and a 310-mile range” writes Sean Szymkowski for cnet.com. But that extra $500 does come with a 10-mile range increase for the Model 3 Standard Range Plus.Previously, Tesla’s online configurator showed range of 240 miles.Roadshow reached out to Tesla for a comment on the price and range increases, but the company did not immediately return our request.The cheapest car available for order on the online configurator (the long-promised $35,000 car is a secret…

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The Left has a plan — let’s pay $7 trillion more for healthcare without any improvement in care

“Medicare for All would actually cause federal government spending to increase by $34 trillion over 10 years, not $33 trillion” reports washingtonexaminer.com. Some of the Democrats running for president, particularly Elizabeth Warren, are already dishonest about their plans to raise taxes to finance Medicare for All.In other words, instead of bending the cost curve downward for the public and private entities and individuals who finance healthcare, Medicare for All would increase healthcare costs over what is currently projected.Bernie Sanders’ Medicare for All, as it is inaptly named, is not only…

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Army bases in states with recreational marijuana see major uptick in soldiers testing positive for THC

“Army bases within states with recreational marijuana laws have witnessed an increase in soldiers testing positive for marijuana use” reports washingtonexaminer.com. While there was a 5% uptick nationwide, the increase in positive THC test was more than triple that in bases in or near states with fully recreational marijuana laws.The Army Crime Report for Fiscal Year 2018 revealed a 5% increase in soldiers testing positive for tetrahydrocannabinol, commonly known as THC, which is the primary psychoactive chemical in marijuana.In the report, the Army expressed concern that marijuana legalization could decrease…

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Target accidentally proves the case against the $15 minimum wage

“In 2017, the retail giant Target made for announcing plans to gradually increase its minimum wage to $15 an hour” reports washingtonexaminer.com. All things considered, this wage increase clearly backfired on Target employees it was supposed to help.CNN Business dozens of Target employees, who “say hours have been scaled back even as Target has increased starting wages.Even more severe consequences would likely emerge if a government mandate forced even financially struggling businesses (Target is doing well) to increase their minimum wage to $15.They really cut those hours back from them…

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JP Morgan Chase shares surge after posting record revenue above Wall Street expectations

“J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on the strength of consumer banking operations that helped the bank mitigate the impact of lower interest rates” writes Hugh Son for cnbc.com. Revenue also rose 8% to $30.1 billion, exceeding the $28.5 billion estimate, and the bank cited growth in home loans, auto and credit cards.Equities trading posted $1.52 billion in revenue, just under the $1.58 estimate.The bank exceeded Dimon’s guidance on the strength of its bond trading desks: The bank posted $3.56 billion in fixed income trading…

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One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

“While the White House has often asserted that foreign exporters pay tariffs, study after study has found that costs largely fall on business and consumers” writes Finanzen Net Gmbh for businessinsider.com. Businesses and consumers in the US have paid an additional $34 billion in tariffs from the start of the trade war in February 2018 through August 2019, according to the free-trade advocacy groups Tariffs Hurt the Heartland and the Trade Partnership.The groups estimated that in August alone, Americans paid $6.5 billion in tariffs.As President Donald Trump escalated a trade…

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News Oil 

Oil steady amid military action in Syria, rising crude inventories

“The low-demand environment more than offset a surge in crude oil exports to just over 3.4 million barrels per day.”” reports cnbc.com. U.S. crude oil production rose to a fresh record of 12.6 million barrels per day last week.”The report was mixed, as super-low refinery operating rate undercut domestic crude oil demand,” said John Kilduff, partner at Again Capital LLC in New York.Crude inventories grew more than expected last week, rising by 2.9 million barrels, compared with analysts’ expectations for an increase of 1.4 million barrels, the Energy Information Administration…

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FEDERAL DEFICIT HIGHEST IN 7 YEARS

“The difference between federal spending and revenue has only ever exceeded $1 trillion four times, in the period immediately following the global financial crisis” reports thehill.com. The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday.The deficit, which has grown every year since 2015, is $205 billion higher than it was in 2018, a jump of 26 percent.Budget watchers note that the main drivers of the deficit,…

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Google reportedly interested in acquiring TikTok rival Firework to increase social media presence

“YouTube has also been part of the Firework acquisition process but the report states that if the deal goes through it will be under the main Google brand” reports firstpost.com. As per the report Firework is currently valued at $100 million and would fetch a “high premium,” although the exact value of the acquisition is yet to be discussed. Source: firstpost.com

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GUSH, USOU: Big ETF Inflows

“Bull 3X Shares (GUSH), which added 11,150,000 units, or a 19.0% increase week over week” writes Bnk Invest for nasdaq.com. And on a percentage change basis, the ETF with the biggest increase in inflows was the USOU ETF (USOU), which added 250,000 units, for a 35.7% increase in outstanding units. Source: nasdaq.com

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