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Man Fails to Buy $60K BMW with Food Stamps, Returns to Steal Car

A Florida man tried to buy a $60,000 BMW X-6 SUV with his Electronic Benefits Transfer (EBT) card and credit card on Thursday. The auto dealership in Pompano Beach "declined 36-year-old Nicholas Jackson's business" when he offered to pay with food stamps, according to the Martin County Sherriff's Office police report.

Jackson returned the next day and took the car, plus 60 sets of keys. He was apprehended 70 miles north, where authorities say he drove until the car ran out of gas.

Misuse of food stamps has become a heated issue as we near the 2016 presidential election. FOX Business' "Varney & Co." highlighted Jackson's case this morning, and Money Morning Chief Investment Strategist Keith Fitz-Gerald weighed in...

Dow Jones

Dow Jones Industrial Average Today Down After Fed Delays Rate Hikes

Find out what's ahead for the stock market today.

Get your update on the Dow Jones Industrial Average, stocks to watch, the biggest stock market news, and today's best profit plays.

Continue reading here...


Why the Price of Bitcoin Has Stumbled

The price of Bitcoin took a tumble over the past week as concerns about a lingering issue again became too obvious to ignore.

The Bitcoin price fell about 9% in the five days following Feb. 29, when delayed bitcoin transactions revived fears that its network had reached capacity.

The exasperating thing is that last week's network hiccup didn't have to happen.

You won't believe why it did...

Top News

Why the Netflix Stock Price Is Down Another 5% Today (Nasdaq: NFLX)

The Netflix stock price is down another 4.8% in early trading this morning (Friday) and has now dipped 13.3% since Aug. 6.

Yesterday, shares of Netflix Inc. (Nasdaq: NFLX) were down 7.8% as many tech stocks felt the heat of the market's sell-off. On Thursday, the Dow Jones Industrial Average fell more than 350 points, and the Nasdaq dropped 141 points.

Here's the best way to handle NFLX stock now...

top news

UPS Completes Coyote Logistics Acquisition for $1.8 Billion (NYSE: UPS)

UPS Completes Coyote Logistics Acquisition: It was announced today (Wednesday) that the United Parcel Services Inc.'s (NYSE: UPS) $1.8 billion acquisition of Coyote has been finalized.

Coyote is a leading provider of logistics and transportation services that will allow UPS to capitalize on the fast-growing freight brokerage business.

This latest acquisition, however, could help UPS deliver improved results....

Top News

The Trickle-Down Effect China's Stock Market Crash Will Have on the U.S.

China's stock market fell more than 6% on Tuesday, and investors around the world are worried about a full stock market crash in China.

The impact is being felt in the United States with the Dow Jones down more than 3% in the last month.

Money Morning Technical Trading Specialist D.R. Barton made his regular appearance on FOX Business Tuesday and discussed what trickle-down effects we'll see in the U.S. stock markets.

Conspiracy Theories

What Is Jade Helm? Here Are the Latest Scandals

What is Jade Helm? It's a question being asked by citizens across the country. It's a military exercise! It's a secret takeover! It's a bunch of death squads!

One thing's for sure: Jade Helm is the center of controversy right now.

Here are the latest scandals...

Top News

Why Berkshire Hathaway Bought Precision Castparts (NYSE: BRK.A) (NYSE: PCP)

This morning, investors are asking why Berkshire Hathaway bought Precision Castparts. The $37.2 billion deal is the largest purchase in Berkshire Hathaway Inc.'s (NYSE: BRK.A) history.

CEO Warren Buffett likes the company, and he also likely sees potential in the aerospace industry.

Here's everything else investors need to know about the deal...

2016 Presidential Election

Jeb Bush Net Worth: It's All There in the Tax Returns

Jeb Bush Net Worth: The former Florida governor doesn't shy away from making his personal finances known. In fact, he recently released 33 years' worth of tax returns.

But even more impressive than his personal finances are those of his campaign.

Here's a look at how Jeb is doing financially, and whether or not he's the right fiscal conservative for America's most important job...


Planet Fitness (NYSE: PLNT) IPO Date Is Tomorrow – Here's a Breakdown of the Deal

The Planet Fitness (NYSE: PLNT) IPO date is set for tomorrow, Aug. 6.

The leading U.S. gym chain will become only the second publicly traded gym company behind Town Sports International Holdings Inc. (Nasdaq: CLUB).

Here's everything you need to know about the deal before it hits the market...