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Following Is a Test Release

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    Bloomberg

    Americans to Inherit $764 Billion This Year, Mostly Tax-Free

    Americans are projected to inherit $764 billion this year and will pay an average tax of just 2.1% on that income, New York University law professor Lily Batchelder estimates in a paper published Tuesday by the Brookings Institution. “If anything, we should be taxing income from inheritances at higher rates than income from work,” Batchelder, a former adviser to President Barack Obama who has advised several Democratic presidential campaigns on tax policy, said in a phone interview.

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    Associated Press

    What to know for year two of the Trump tax plan

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    Mackenzie Bezos Gets Rid Of About $370M Of Her Amazon Shares

    An end of the year filing with the United States Securities and Exchange Commission by Jeff Bezos showed that he now exercises sole voting authority on about 19.49 million additional shares. This is about 202,000 less than the 19.7 million shares awarded to Mackenzie Bezos as part of the couple's divorce settlement in April last year, over which the e-commerce giant's founder had retained exclusive voting rights. The shares are valued at around $370 million at Amazon's after-hours price of $1831.50 on Monday.

  • The main reason for the stock market’s decline is NOT the coronavirus
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    MarketWatch

    The main reason for the stock market’s decline is NOT the coronavirus

    The coronavirus is getting a bum rap as the cause of the stock market's recent weakness. That decline gathered steam on Monday, when the Dow Jones Industrial Average (DJIA) was at one point down more than 500 points. It's not that any of us should have sympathy for the virus, of course.

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    Jim Cramer: 6 Stocks to Buy on Coronavirus Fears

    The selling was so intense in that period that it didn't matter if you were buying Verizon or Caterpillar or American Electric Power . There were so many people who left Wuhan, the epicenter, when they were still healthy and they are now coming down with the illness. It's pretty clear that the virus spreads from rapidly person to person, so rapidly that we are hearing lots of conspiracies about a bio lab in Wuhan that might have mistakenly discharged the coronavirus and it was not transmitted initially by animals to humans.

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    Beyond Meat Stock Is Falling. There Isn’t Much Upside Left, Analyst Says.

    Alternative protein startup (BYND) has been hit with a double whammy. J.P. Morgan analyst Ken Goldman downgraded shares on Tuesday from the equivalent of Buy to Hold, following on the heels of a court ruling on Monday that went against Beyond Meat in a dispute with a former contract manufacturer. The confluence of bad news pushed shares down 1.4% in premarket trading Tuesday.

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    AbbVie stock ended 2019 on a high note — rocketing about 40% from its low point in August as investors re-evaluated the $63 billion plan to buy Botox-maker Allergan. The takeover deal certainly helps AbbVie diversify away from Humira, a blockbuster drug that treats inflammatory conditions. Humira already faces biosimilar rivals in Europe, and will lose patent protection in the U.S. in 2023.

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    Jeff Bezos threw a lavish party at his new Washington, D.C. home, and some high-profile names were in attendance. These include Federal Reserve chairman Jerome Powell, Ben Stiller, Kellyanne Conway, Bill Gates, and Jared and Ivanka Trump.

  • CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip
    Business
    MarketWatch

    CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip

    That's how CNBC host Jim Cramer described Monday's sharp selloff in the stock market, which is shaping up to be the worst we've seen in several months amid mounting fears of the spread of the coronavirus. So is it time for a little bottom-fishing ahead of a very crowded docket of earnings report in the coming days? We've been saying over and over if we get an exogenous event that's when you get the sell off, that's when you have to buy,” Cramer explained.

  • McDonald's heats up breakfast war with new chicken sandwiches
    News
    Reuters

    McDonald's heats up breakfast war with new chicken sandwiches

    McDonald's Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world's largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen . Breakfast has been an important sales driver for fast-food chains and as more rivals like Wendy's and Dunkin' move into the space with new products, the pressure to retain customers has become more intense. Earlier this month, McDonald's expanded its Beyond Meat vegan burger trials in Canada, catering to the growing demand for plant-based proteins in fast-food restaurants.

  • Harley-Davidson's shares tumble on steeper fall in revenues
    Business
    Reuters

    Harley-Davidson's shares tumble on steeper fall in revenues

    Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue, hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade. The company said revenues at its motorcycles, parts & accessories and general merchandise segment fell 8.5% to $874.1 million in the fourth quarter from a year ago. Harley's challenges in the United States, which accounts for more than half of sales, are well documented - core customers are growing older and efforts to attract new and young riders have yet to show results.

  • Business
    U.S.News & World Report

    Your 401(k) Depends on These 7 Stocks

    Apple has the highest weighting (4.1%) of any stock in the Fidelity 500 Index Fund (FXAIX), one of the two most popular 401(k) mutual funds. Apple has the second highest weighting (4.3%) in the other most popular mutual fund, the Vanguard Institutional Index Fund (VINIX). In addition, Apple has a 4.6% weighting in the SPDR S&P 500 ETF Trust (SPY) and a 4.8% weighting in the iShares Core S&P 500 ETF (IVV), the two most popular 401(k) exchange-traded funds.

  • 3M Tumbles After Revealing Federal Subpoena, Slating Job Cuts
    Business
    Bloomberg

    3M Tumbles After Revealing Federal Subpoena, Slating Job Cuts

    Bloomberg) -- 3M Co. dropped the most in nine months after revealing it had received a grand jury subpoena in an environmental probe and saying it would cut 1,500 jobs amid slumping markets including car parts and electronics. The pared workforce is part of a restructuring -- affecting “all business groups, functions and geographies” -- starting this month that will recast reporting lines and consolidate manufacturing oversight, 3M said in a statement Tuesday as it reported earnings. The company anticipates pretax savings of as much as $120 million a year from the changes.

  • Typical Retirement Savings By Age Groups: Are Yours Bigger?
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    Investor's Business Daily

    Typical Retirement Savings By Age Groups: Are Yours Bigger?

    Active savers — in this case, Americans who own an IRA and-or a 401(k) account in the custody of Fidelity Investments — had savings for retirement of $215,400 as of Sept. according to new data IBD has obtained from Fidelity. In contrast, the average for all working-age families is shockingly low.

  • Video shows minutes after Kobe Bryant crash
    News
    Associated Press Videos

    Video shows minutes after Kobe Bryant crash

    NBA legend Kobe Bryant, his 13-year-old daughter and seven others are dead after their helicopter went down in Southern California. Jan.

  • Pfizer profit misses estimates, revenue declines as Lyrica sales tumble
    Business
    Reuters

    Pfizer profit misses estimates, revenue declines as Lyrica sales tumble

    Pfizer Inc on Tuesday reported lower-than-expected quarterly profit and a decline in revenue as sales of its off-patent pain treatment Lyrica more than halved, sending its shares down more than 3%. The largest U.S. drugmaker is spinning off its struggling Upjohn unit, which houses off-patent drugs including Lyrica and Viagra, and separated its consumer health business last year to focus on its more profitable drugs. The company's total revenue fell 9% to $12.69 billion in the fourth quarter, with Lyrica sales sinking 68% to $433 million due to competition from generic drugs.

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    Massive 777X takes flight, and Boeing expects big sales will soon follow

    Boeing thinks the market for its 777X widebody jet, which flew its first test flight Saturday, will ripen over the next four years, despite the current order drought. Though 777X sales have been few and far between, the Chicago-based jet maker expects order demand will grow to between 60 and 100 jets a year starting in 2022, Boeing 777X marketing director Wendy Sowers said. The jet has 309 orders so far, and customers include: British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, Lufthansa, Qatar Airways and Singapore Airlines.

  • BorgWarner auto parts maker to buy Delphi Technologies for $3.3 billion
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    BorgWarner auto parts maker to buy Delphi Technologies for $3.3 billion

    BorgWarner Inc on Tuesday agreed to buy UK-based Delphi Technologies Plc in a $3.3 billion deal, as the U.S. auto parts maker looks to expand in a growing market for hybrid and electric vehicles. Delphi shareholders will receive 0.4534 shares of BorgWarner for each share held. That translates to $17.39 per share, a premium of about 77% to Delphi's closing price on Monday.

  • 3M will cut 1,500 jobs, misses profit target
    Business
    American City Business Journals

    3M will cut 1,500 jobs, misses profit target

    3M Co. reported lower-than-expected earnings for the fourth quarter and announced it will cut 1,500 jobs as it changes how it manages overseas operations. Shares of 3M are down more than 4 percent in morning trading on the news. The cuts, which the Maplewood, Minn.-based company said would come from across "all business groups, functions and geographies," are expected to save 3M (NYSE: MMM) $110 million to $120 million a year, with as much as $50 million of that coming in 2020.

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    Acceleron Stock Is Skyrocketing After Surprise Success for Heart Drug

    New data on an experimental heart drug is sending shares of the biotech firm (XLRN)soaring. One analyst more than doubled his price target on the stock, but others say the boom may be a bit excessive. In an announcement on Monday evening, Acceleron (ticker: XLRN) said that a Phase 2 trial of its drug sotatercept found a statistically significant decrease in pulmonary vascular resistance in patients with pulmonary arterial hypertension, a rare disease that can weaken the heart muscle.

  • 3 Tech Stocks to Play the 5G Boom In 2020
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    3 Tech Stocks to Play the 5G Boom In 2020

    Older chips are not compatible with the new technology, and semiconductor and smartphone makers – who have had a rough time in recent years – see a positive turn ahead as they roll out upgraded products. From an investor's perspective, the hardware makers' coming 5G boom represents an opportunity. As equipment manufacturers and end users switch to the new devices, the hardware companies will see increased sales, higher profits, and a consequent rise in share prices.

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    Elon’s Encore: Predicting the Surprises Tesla Has in Store Next

    Musk also reported being ahead of schedule opening a China plant and bringing out the Model Y crossover, kicking off a rally that's been buoyed since then by record deliveries. Tesla will have to clear a higher bar this time. Analysts are expecting an adjusted profit of $1.78 a share for the fourth quarter, a little short of what the company earned both in the prior three months and year-ago period.

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    Pfizer Stock Is Dropping Because Its Earnings Missed Expectations

    (PFE) stock was falling in premarket trading on Tuesday after the company reported fourth quarter earnings that missed Wall Street expectations. Pfizer (ticker: PFE) reported earnings per share for the fourth quarter of 2019 of $0.55, short of the $0.58 expected by Wall Street analysts, according to FactSet. The company also released guidance for 2020, saying it expected revenues of between $48.5 billion and $50.5 billion, a calculation that includes revenues from its Upjohn division, which it plans to spin off this year.

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    Benzinga

    Advanced Micro Devices Q4 Earnings Preview

    Advanced Micro Devices (NASDAQ: AMD) announces its next round of earnings this Tuesday, January 28. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement. Based on Advanced Micro Devices management projections, analysts predict EPS of 31 cents on revenue of $2.11 billion.

  • Apple Q1 earnings will put its China rebound in focus
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    Yahoo Finance

    Apple Q1 earnings will put its China rebound in focus

    Apple is set to announce its Q1 2020 earnings results on Tuesday, giving investors and analysts their first solid look at the company's performance during the crucial holiday sales period, as well as a better understanding of how well the iPhone 11 has sold in its first few months of availability. The large year-over-year jump in expected revenue is a result of improved sales in China, which saw a significant slowdown for Apple in 2019, prompting CEO Tim Cook to issue a rare guidance revision ahead of the company's Q1 2019 earnings report. Importantly, analysts increasingly believe iPhone 11 sales outperformed their previous estimates, which may have helped Apple beat expectations in the quarter.