The Illinois Senate overrode the governor’s veto of a new budget package on Tuesday, bringing the state closer to resolving the crisis it’s currently in.
The Senate had approved several bills on Tuesday morning but they were promptly vetoed by Governor Bruce Rauner.
After overriding the vetoes, the bills now return to the House where lawmakers will also need to override them.
On Sunday, the budget package passed in the Illinois House with bipartisan support.
The package includes an increase to the state’s individual income tax rate from 3.75% to 4.95%. It would also increase the rate for corporations to 7%, up from 5.25%.
If the House doesn’t override the governor’s veto of the budget package, the state would be unable to pay its bills and would again be at risk of having its credit downgraded to junk.
Illinois would be the first state to have such a rating.
Not getting the budget approved would also make the state more likely to default and the lowered credit rating could turn away investors, making borrowing costs rise even more.
Hot Heal Care Stocks To Own For 2019: B. Riley Financial, Inc.(RILY)
- [By Stephan Byrd]
Broadridge Financial Solutions (NYSE: BR) and B. Riley Financial (NASDAQ:RILY) are both business services companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, profitability, earnings, analyst recommendations, institutional ownership and dividends.
- [By WWW.GURUFOCUS.COM]
For the details of Standard General L.P.’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Standard+General+L.P.
These are the top 5 holdings of Standard General L.P.National CineMedia Inc (NCMI) – 12,576,000 shares, 60.53% of the total portfolio. New PositionTime Inc (TIME) – 3,181,424 shares, 29.62% of the total portfolio. Turning Point Brands Inc (TPB) – 305,319 shares, 3.58% of the total portfolio. Shares added by 189.90%CafePress Inc (PRSS) – 2,500,000 shares, 3.12% of the total portfolio. New PositionB. Riley Financial Inc (RILY) – 167,736 shares, 1.97% of the total portfoli
Hot Heal Care Stocks To Own For 2019: Vanguard FTSE Europe ETF (VGK)
- [By Max Byerly]
Tocqueville Asset Management L.P. raised its stake in Vanguard FTSE Europe ETF (NYSEARCA:VGK) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,329 shares of the exchange traded fund’s stock after buying an additional 12,335 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Vanguard FTSE Europe ETF were worth $9,336,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Jim Crumly]
European stocks joined U.S equities in moving higher on rumors that an agreement on auto tariffs may be in the works; the Vanguard FTSE Europe ETF (NYSEMKT:VGK) closed up 1.3%. Emerging markets stocks, however, continued recent weakness, with the Vanguard FTSE Emerging Markets ETF (NYSEMKT:VWO) losing 0.1%.
- [By Joseph Griffin]
Round Table Services LLC acquired a new position in Vanguard FTSE Europe ETF (NYSEARCA:VGK) in the second quarter, Holdings Channel reports. The firm acquired 5,122 shares of the exchange traded fund’s stock, valued at approximately $287,000.
- [By Shane Hupp]
Investors purchased shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) on weakness during trading on Wednesday. $88.65 million flowed into the stock on the tick-up and $33.76 million flowed out of the stock on the tick-down, for a money net flow of $54.89 million into the stock. Of all stocks tracked, Vanguard FTSE Europe ETF had the 15th highest net in-flow for the day. Vanguard FTSE Europe ETF traded down ($0.94) for the day and closed at $54.60
Hot Heal Care Stocks To Own For 2019: Wheeler Real Estate Investment Trust, Inc.(WHLR)
- [By Money Morning Staff Reports]
Here are last week’s top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week’s Gain
OncoCyte Corp. (NYSE: OCX) Healthcare $4.98 159.38%
Fortress Biotech (NASDAQ: FBIO) Healthcare $2.47 133.02%
Trevena Inc. (NASDAQ: TRVN) Healthcare $1.01 86.69%
Celldex Therapeutics Inc. (NASDAQ: CLDX) Healthcare $0.58 66.82%
Wheeler Real Estate Investment Trust Inc.(NASDAQ: WHLR) Financial $1.80 63.64%
Scynexis Inc. (NASDAQ: SCYX) Healthcare $1.13 53.64%
Eldorado Gold Corp. (NYSE: EGO) Basic Materials $3.98 47.96%
Novus Therapeutics Inc. (NASDAQ: NVUS) Healthcare $4.15 43.60%
PHI Inc. (NASDAQ: PHII) Services $4.50 42.14%
BioTime Inc. (NYSE: BTX) Healthcare $1.33 41.50%
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- [By Ethan Ryder]
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.