Under Armour's newest executive is zeroing in on its biggest problem (UAA)

Under Armour President Patrik Frisk is bringing a disciplined approach to solving the company's most pestering issue, an inventory backlog. Frisk has put initiatives in place that should enable precise inventory and supply chain management, according to Jefferies analyst Randal Konik. Under Armour has been steadily solving one of its most pressing issues.

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  Snap shares plunge after analyst says users are less engaged

  CNBC.com
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  Why Snap Shares Tanked Today

  The Motley Fool

Tesla is suing the employee Elon Musk claimed committed sabotage against the company (TSLA)

Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. On Monday, Musk said an employee had changed parts of  Tesla's manufacturing operating system code and sent "highly sensitive" company data to outside parties, according to an internal email acquired by CNBC.

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  Analysis

  Washington Post
• Musk emails Tesla staff about sabotage by employee

  Business Standard India

These 2 FANG+ Stocks Are In Buy Range

The Dow Jones industrial average, S&P 500 index and Nasdaq composite retreated Tuesday as President Donald Trump stepped up China trade war threats. Apple (AAPL) and Facebook (FB) fell back into buy range Tuesday, but found key support. On Wednesday,

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  Dow struggles to break 6-day slump; tech rally sends Nasdaq to a record

  MarketWatch
• 
  Markets Now: Emerging Markets Take a Break From Trade-Induced Selling

  barrons.com

How Tax Deductions Are Changing

Baird's Tim Steffen discusses the new tax law's impact on standard and itemized deductions.

GE Booted From the Dow, Time to Buy?

Shares of General Electric (GE) are lower on Wednesday, after S&P Dow Jones Indices said it was dropping the struggling industrial giant from the Dow Jones Industrial Average next week, to be replaced by Walgreens Boots Alliance (WBA).  The news isn't exactly a surprise: Barron's predicted it could happen in  a recent cover story (“General Electric’s Dim Prospects,” Feb. 17), as the shares are down more than 25% year to date, and that's on top of the 45% fall in 2017. Fourth, the company's cash-generation and previous cash uses are all expected to materially improve this year, while assets sales in excess of $20 billion will support liquidity and the dividend.

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  What Walgreens stock replacing GE may mean for the Dow Jones Industrial Average

  MarketWatch
• 
  GE becomes the last 19th century company kicked out of the Dow

  Financial Review

Naked Brand Shares Fly Skyward on Bendon Merger

Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited.

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  What Is Naked Brand (NAKD), and Why Is Its Stock Skyrocketing Today?

  Zacks
• Naked Brand Group and Bendon Limited Successfully Complete Merger

  Business Wire

Starbucks closing cafes; CEO calls performance 'not acceptable'

The world's largest coffee chain is facing competition both from upscale coffee houses and lower-priced fast-food chains like McDonald's Corp and Dunkin' Donuts . Starbucks' Executive Chairman and co-founder Howard Schultz said earlier this month that he is stepping away from the company on June 26, ending an era.

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  Starbucks says racial bias incident delayed its marketing push, hurt same-store sales

  MarketWatch
• 
  As Business Stalls, Starbucks Triples Store Closure Rate With Plans To Shutter 150 Locations

  Forbes

GE Headed to $9.99 a Share?

Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials. As an observer, I do believe that CEO John Flannery is an earnest leader making an honest effort.

• Why GE's Removal From The Dow Could Help Investors

  MarketWatch
• 
  After-hours buzz: WBA, SBUX & more

  CNBC.com

Has iQiyi Stock Finally Hit Its Ceiling?

IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.

Oracle could be feeling cloud transition growing pains

Oracle is learning that it's hard for enterprise companies born in the data center to make the transition to the cloud, an entirely new way of doing business. In its earnings press release from yesterday, it put it this way: "Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. See how they broke out the cloud revenue loudly and proudly in March, yet chose to combine their cloud revenue with license revenue in June.

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  Oracle Corporation Stock Dips Despite Q4 Earnings and Revenue Beat

  InvestorPlace
• 
  Oracle shares sink 7% as Wall Street freaks out over a surprise decision not to share specific cloud numbers

  Business Insider

Microsoft is buying AI startup, Bonsai

If all of the big tech co’s agree on one thing at the moment, it’s that artificial intelligence and machine learning point the way forward for their businesses. As a matter of fact, Microsoft is about to acquire Bonsai, a small Berkeley-based startup it hopes to make the centerpiece of its AI efforts. The company specializes in reinforcement learning, a kind of trial and error approach to teach a system within in the confines of a simulation.

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  Here's How Microsoft Is Investing in AI

  Motley Fool
• 
  Microsoft just bought an AI startup to try to make the technology easier to use in the real world

  CNET

How might GE fare after leaving the Dow

CNBC’s Dominic Chu takes a look at how stocks perform after being kicked out of the Dow Jones Industrial Average.

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  Analysis: Dow-ned but not out - Expulsion no body blow for GE shareholders

  Reuters
• 
  GE Stock Gets Booted From the Dow -- but It Was Already Barely There

  Motley Fool

Realty Income (O) Announces 97th Hike in Monthly Dividend

Ushering in good news for its shareholders, Realty Income Corporation O recently announced its 97th dividend hike since the company’s NYSE listing in 1994. The company will now pay 22 cents per share compared with the 21.95 cents paid earlier. Realty Income will pay the dividend on Jul 13 to shareholders on record as of Jul 2, 2018.

• WD-40 Company Declares Regular Quarterly Dividend and Schedules Third Quarter 2018 Earnings Conference Call

  MarketWatch
• North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Class A & Preferred Share

  GlobeNewswire

Options Traders Expect Huge Moves in Cisco Systems (CSCO) Stock

Investors in Cisco Systems, Inc. CSCO need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

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  Is the Options Market Predicting a Spike in J. C. Penney (JCP) Stock?

  Zacks
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  Do Options Traders Know Something About Humana (HUM) Stock We Don't?

  Zacks

Tesla sues former employee for $1 million over trade secret theft

Tesla is suing a former employee for $1 million, alleging the man hacked the company’s confidential and trade secret information and transferred that information to third parties, according to court documents. The lawsuit also claims the employee leaked false information to the media. The lawsuit against the former process technician Martin Tripp was filed Wednesday in Nevada.

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  Tesla accuses former employee of hacking and transferring data

  Reuters India
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  Tesla's Alleged Saboteur Sued by Carmaker Over Data Theft

  Bloomberg

Tesla's Alleged Saboteur Sued by Carmaker Over Data Theft

Electric carmaker Tesla Inc. sued a former employee for hacking the company’s confidential and trade secret information, transferring several gigabytes to outside entities along with illicit photos of the production line. Tesla accused a former technician at the Nevada Gigafactory of launching a sabotage campaign after being denied a promotion. Martin Tripp wrote a computer program to access proprietary information, sending material to three unidentified entities and attempting to cover his electronic tracks, the company said in the complaint.

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  CEO Elon Musk claims employee sabotaged Tesla

  Yahoo Finance Video
• 
  Tesla's alleged rogue employee is exactly what Congress is worried about with self-driving cars

  CNBC