Medicare is cutting funding for a historic heart program

Medicare is cutting funding for a historic heart program

This article was produced in collaboration with the Houston Chronicle. The heart transplant program at Baylor St. Luke’s Medical Center is set to lose federal funding today, a serious blow to a Houston hospital long regarded as one of the nation’s best for cardiac surgery. The Centers for Medicare and Medicaid Services announced in June that it would cut off funding for heart transplants this month after concluding that the hospital had not done enough…

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Trump takes another shot at Fed Chairman Jerome Powell for raising rates

Trump takes another shot at Fed Chairman Jerome Powell for raising rates

President Donald Trump is grousing again about his Federal Reserve chairman, telling political donors that he was hoping for easier monetary policy. Speaking at a fundraiser in the Hamptons on Friday, Trump said he thought Fed Chairman Jerome Powell would favor cheaper money and not have such a heavy hand when it comes to interest rate hikes, according to Bloomberg, which cited three sources who attended the event. The Fed has hiked its benchmark interest…

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Target and Lowe’s earnings are on tap this week. Experts say one big-box retailer is the better bet

Target and Lowe’s earnings are on tap this week. Experts say one big-box retailer is the better bet

Retail earnings are in full swing, and this week it’s Lowe’s and Target’s turn as two of the big-box retailers report on their recent quarters. The two retailers have had very different years. While Target has surged 27 percent since the beginning of 2018, Lowe’s is up 6 percent and trailing the XRT retail ETF‘s 14 percent gain. Market watchers agree on one thing ahead of their earnings: Target still looks like the better bet….

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GoFundMe page for fired FBI agent Peter Strzok raises $325,000 in one day

GoFundMe page for fired FBI agent Peter Strzok raises $325,000 in one day

Who says sending anti-Trump texts to your girlfriend doesn’t pay? Sure, such texts cost Peter Strzok his 22-year career with the FBI, but they also seem to have garnered the disgraced former agent a lot of support – enough to raise more than $325,000 for his legal expenses in one day on a GoFundMe page. The page, launched Monday by “Friends Of Special Agent Peter Strzok,” initially sought $150,000 to be “put into a trust…

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Food delivery start-up DoorDash nearly triples its value in about 5 months to $4 billion

Food delivery start-up DoorDash nearly triples its value in about 5 months to $4 billion

DoorDash, in its latest funding effort, has raised $250 million, valuing the food delivery service at $4 billion. The latest round — announced Thursday and led by tech investment firms Coatue Management and DST Global — came after the 5-year-old San Francisco-based start-up in March raised $535 million. That round was led by SoftBank’s $100 billion Vision Fund at just a $1.4 billion valuation. DoorDash, which competes with GrubHub, Uber Eats and Postmates, has raised…

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This is how much profit Ferrari makes off every car

This is how much profit Ferrari makes off every car

Ferrari, an Italian luxury sports car founded by Enzo Ferrari in 1939, makes an average $80,000 per car sold, according to a German study conducted by Dr. Ferdinand Dudenhoffer, a director with CAR-Center Automotive Research based in Duisburg, Germany. That $80,000 is as much as a whole other luxury car — you could buy a Mercedes-Benz C-Class ($73,500) or Tesla Model X ($79,500). Ferraris can cost anywhere from about $200,000 to over $300,000 per car…

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Tesla shares tumble ahead of Elon Musk’s reported meeting with SEC next week

Tesla shares tumble ahead of Elon Musk’s reported meeting with SEC next week

Shares of Tesla tumbled more than 6 percent in early trading Friday after a report that CEO Elon Musk will meet with Securities and Exchange Commission officials next week. The electric carmaker’s stock is down 10 percent over the last 12 months and has been especially pummeled in the last week, down 11 percent after a tweet by Musk that he was considering taking Tesla private. The SEC began an investigation after the tweet and…

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A leading recessionary indicator is flashing red, but investors don’t appear to care … yet

A leading recessionary indicator is flashing red, but investors don’t appear to care … yet

The yield curve just narrowed to its flattest level since before the financial crisis. The difference between the 2-year and 10-year yield fell to 25 basis points on Thursday, the flattest level since August 2007, two months before the S&P 500 began a steep descent to crisis lows. But any worries a flatter yield curve spells the end of this bull run are premature, says one market watcher. “The yield curve is rather flat but…

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These are the top 10 most liveable cities in America

These are the top 10 most liveable cities in America

Honolulu, Hawaii is the most liveable city in America. That’s acording to The Economist Intelligence Unit, which provides an annual The Global Liveability Index ranking 140 global cities on categories including healthcare, culture and environment, education, infrastructure and stability (crime, conflict and terrorism). Honolulu is the only U.S. city in the top 25 with a total liveability score of 94.1 out of 100. Pittsburgh, Pennsylvania came in second with a score of 92.1. Only 10…

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Walmart gets downgrade due to Flipkart’s weight on profits for ‘next couple of years’: Raymond James

Walmart gets downgrade due to Flipkart’s weight on profits for ‘next couple of years’: Raymond James

Raymond James lowered its rating on Walmart stock to “outperform” from “strong buy” on Friday, pointing to the acquisition of Flipkart as a drag on future profit despite the retailer’s recent strong report. “We cannot ignore the facts that Flipkart will likely weigh on consolidated operating earnings for the next couple of years,” Raymond James analyst Budd Bugatch wrote in a note. While the firm has a “positive view” of Walmart’s strategy, Bugatch says “there…

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