logo
BOO-HOO? Stephen Moore Reacts to Elizabeth Warren's Ignorant Argument on Taxing Billionaires

BOO-HOO? Stephen Moore Reacts to Elizabeth Warren's Ignorant Argument on Taxing Billionaires

Fox News3 days ago
Stephen Moore, Distinguished Fellow in Economics at the Heritage Foundation, founder of Club for Growth, Wall Street Journal writer, and author of The Trump Economic Miracle: And the Plan to Unleash Prosperity Again , joined The Guy Benson Show today to explain why he blasted Bloomberg for claiming Illinois is outperforming Texas, and he pointed to the mass exodus of residents and wealth from blue states as proof of failed economic policies. Moore also weighed in on a clip of Sen. Elizabeth Warren's push for higher taxes on billionaires, calling it economically destructive and tone-deaf to the reasons wealthy Americans are fleeing. Listen to the full interview below!
Listen to the full interview below:
Listen to the full podcast below:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IPO market 101: Everything you need to know
IPO market 101: Everything you need to know

Yahoo

time25 minutes ago

  • Yahoo

IPO market 101: Everything you need to know

Yahoo Finance Markets and Data Editor Jared Blikre, who also hosts Yahoo Finance's Stocks in Translation podcast, explains everything you need to know about the initial public offering (IPO) market. Catch more Stocks in Translation, with new episodes every Tuesday and Thursday. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. Related videos Labour's plans to tax people's savings accounts explained Waiter brings legal action against the Ivy over share of tips and service charge Up 33% in a year and still yielding 7.5%! Is this FTSE 250 dividend growth stock a screaming buy? 2 shares I'm keen to buy if they become cheap enough Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Cathie Wood Goes Bargain Hunting. 1 Dirt Cheap Artificial Intelligence (AI) Stock With Monster Potential She Just Bought
Cathie Wood Goes Bargain Hunting. 1 Dirt Cheap Artificial Intelligence (AI) Stock With Monster Potential She Just Bought

Yahoo

time25 minutes ago

  • Yahoo

Cathie Wood Goes Bargain Hunting. 1 Dirt Cheap Artificial Intelligence (AI) Stock With Monster Potential She Just Bought

Key Points Cathie Wood is known for making high-conviction bets on speculative stocks. Wood recently scooped up shares of Alphabet, despite a bearish narrative surrounding the company's ambitions in artificial intelligence (AI). A close look at Alphabet's financial picture suggests the company's AI pursuits are paying off in spades. 10 stocks we like better than Alphabet › Cathie Wood has earned a reputation on Wall Street for making high-conviction bets on emerging businesses seeking to disrupt legacy incumbents across industries such as technology, financial services, and pharmaceuticals. With that said, every now and again, Wood complements some of the more speculative positions in Ark's portfolio with well-established blue chip opportunities. When it comes to artificial intelligence (AI) stocks, it should come as no surprise that Ark's portfolio includes several high-flying growth stocks such as Palantir Technologies, CrowdStrike, and CoreWeave. Also in the mix, however, are several members of the "Magnificent Seven." In late July, Ark added to an existing position in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) -- scooping up 181,640 shares in the ARK Next Generation Internet ETF. Let's explore how Alphabet is investing in AI to transform its business. From there, I'll break down some financial and valuation trends to help illustrate why Alphabet stock looks like a no-brainer right now. Alphabet's business is in great shape Alphabet recently reported operating results for its second quarter, which ended June 30. The company's largest source of revenue -- advertising -- generated $71.3 billion in revenue, growing by 10% year over year. Advertising growth from Google Search and YouTube was even more robust, coming in at 12% and 13%, respectively. Over the last few years, skeptics on Wall Street have been parroting a bearish narrative that the rise of ChatGPT and other competing large language models (LLMs) will diminish Google's dominance in search. Accelerating growth between Google Search and YouTube suggests that advertisers still see a high return on investment (ROI) from these platforms, despite some shifts in how people are consuming content on the internet. Where investors may be getting nitpicky is around Alphabet's profit margin profile. The advertising segment sits under a larger category of Alphabet's business, called Google Services. During the second quarter, Google Services grew its revenue 12% year over year to $82.5 billion. However, the operating margin for the Services business remained flat year over year -- coming in at 40%. When expenses grow in line with revenue, profit margins become capped. On the surface, this may look like Alphabet is not running an efficient business despite an accelerating top line. I wouldn't rush to such a conclusion, though. Over the last few years, Alphabet has made a number of strategic investments to bolster its AI position. For starters, the company augmented its cloud infrastructure business by acquiring cybersecurity start-up, Wiz, for a reported $32 billion. On top of that, Alphabet's multibillion-dollar investments in AI data centers are often underappreciated -- and yet it's this infrastructure that attracted OpenAI, a perceived rival, as one of Google Cloud's new major partners. Lastly, Alphabet is also quietly building its own quantum computing operation through the development of its own custom chipsets, called Willow. Although monetizing quantum computing applications is still likely many years away, I find it encouraging that Alphabet is allocating capital across several pockets of the AI realm in an effort to build a diversified ecosystem that strengthens core businesses while opening the door to new opportunities as well. Is Alphabet stock a buy right now? The chart below benchmarks Alphabet against many of its big tech peers on a price-to-earnings (P/E) basis. Ultimately, I think Alphabet stock is being punished by investors because the company isn't posting growth as robust as some of its peers. In my eyes, the fact that the company continues to grow revenue from its core businesses while striking lucrative deals with rivals and maintaining its profit margin profile in the face of aggressive investments shows a high degree of resiliency from Alphabet. Given the disparity in valuation multiples illustrated above, I think that the bearish narrative appears to be fully baked into Alphabet stock at this point. To me, Alphabet is positioned for significant valuation expansion in the coming years as its infrastructure investments continue to bear fruit. I think Wood identified a rare opportunity among major AI players by identifying such a cheap stock floating around in a sea of frothy valuations. I see Alphabet stock as a no-brainer buying opportunity at its current price point for long-term investors. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Adam Spatacco has positions in Alphabet, Amazon, Apple, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, CrowdStrike, Microsoft, Nvidia, Oracle, and Palantir Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Cathie Wood Goes Bargain Hunting. 1 Dirt Cheap Artificial Intelligence (AI) Stock With Monster Potential She Just Bought was originally published by The Motley Fool Sign in to access your portfolio

Teenage arrested after three shot in New York City's Times Square
Teenage arrested after three shot in New York City's Times Square

Yahoo

time25 minutes ago

  • Yahoo

Teenage arrested after three shot in New York City's Times Square

A 17-year-old suspect has been arrested after three people were shot in New York City's Times Square in the early hours of Saturday. Gunfire rang out at around 01:20 EDT (05:20 GMT) at West 44th Street and Seventh Avenue, below the towering billboards in one of the world's busiest tourist hotspots. The teenager has not been named by police, and charges were pending. The shooting comes three months before the election for New York mayor, and as President Donald Trump sends federal agents into the streets of Washington DC to crack down on crimes committed by young people. The shooting in Times Square erupted during a fight outside a Raising Cane's chicken restaurant. It stemmed from a dispute, according to the New York Police Department. A handgun was recovered at the scene. Police say a 19-year-old man was shot in the foot, a 65-year-old man was hit in the left leg and an 18-year old woman was grazed in the neck. They were all admitted to hospital in a stable condition. Last month, a gun attack on an office building left four workers dead in Midtown Manhattan. The suspected gunman, a 27-year-old from Nevada, was believed to be targeting the National Football League offices. According to New York police, the city has seen historically low levels of gun violence in recent months. On Friday, Trump ordered federal agents into the streets of Washington DC to curb "totally out of control" levels of crime. Washington DC's homicide rate remains relatively high compared to other US cities, with a total of 98 such killings recorded so far this year. Homicides have been trending higher in the US capital compared with a decade ago. But federal data from January shows that Washington DC last year recorded its lowest overall violent crime figures - once car-jacking, assault and robberies are incorporated - in 30 years. On Saturday, Trump announced plans on Truth Social to host a news conference at the White House on Monday, "which will, essentially, stop violent crime in Washington, DC". A mistaken elevator, frantic emails and a run for help - how New York shooting unfolded Soldiers who tackled military base gunman hailed for 'heroism'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store