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90-year-old former Cup driver top participate in K&N Series race

Bill McAnally Racing announced this week that former Cup Series driver Hershel McGriff would pilot one of the team’s cars in a K&N Pro Series West race on May 5 at Tucson Speedway.

  • Business
    CNBC

    US markets are set to slip: Dow futures point to a decline of more than 150 points at the open

    Dow Jones Industrial Average futures implied a drop of more than 170 points for the index at Tuesday's open. S&P 500 and Nasdaq 100 futures also pointed to opening declines on Tuesday for the indexes. Futures are indicating that stateside stocks are set for a rocky start to their trading week on Tuesday.

  • Company Chairman, Wife Cut Stake as Hong Kong Stock Plunged 89%
    Business
    Bloomberg

    Company Chairman, Wife Cut Stake as Hong Kong Stock Plunged 89%

    Shum Tin Ching and his wife Wang Xinmei sold 93.6 million shares of Jiayuan International Group Ltd. on Jan. 17 at an average of HK$2.7611 apiece -- about a 79 percent discount from the previous day's close -- according to a Hong Kong exchange filing. Jiayuan tumbled as much as 24 percent before shares were suspended. Stocks that plunged last week with Jiayuan also sank, with Sunshine 100 China Holdings Ltd. falling as much as 13 percent and Rentian Technology Holdings Ltd. retreating 9.1 percent.

  • Business
    CNBC

    UBS posts 2018 profit jump but misses estimates as its wealth unit struggles

    Swiss bank UBS UBSG-CH reported a jump in full-year profits on Tuesday, but missed analyst estimates as it noted outflows from its wealth management division. The bank's net profit attributable to shareholders for 2018 came in at $4.897 billion, as compared to its 2017 figure of $960 million when a U.S. tax reforms dampened results. Five analysts polled by Reuters had forecast a net profit of $4.906 billion for 2018.

  • Democrat who opposed Pelosi for speaker is blocked from a seat on the judiciary committee
    Politics
    Fox Business Videos

    Democrat who opposed Pelosi for speaker is blocked from a seat on the judiciary committee

    New Jersey Democrat Rep. Jeff Van Drew says he did not vote Nancy Pelosi for speaker because his constituents wanted someone with new ideas.

  • Roku Is Still a TV Star
    Business
    Motley Fool

    Roku Is Still a TV Star

    Investors in Roku (NASDAQ: ROKU) were momentarily spooked last month after the company's smart-TV manufacturing partner TCL announced a restructuring that made it look like it would stop making Roku TVs. In reality, TCL reorganized to make sure it could focus exclusively on making branded consumer electronics, like the new 75-inch 8K Roku TV with built-in voice controls that was unveiled this month at CES in Las Vegas. Market analysts at IHS expect 2 million 8K sets to be sold by next year, and Roku will be in the mix.

  • Top Marijuana Stocks on the NASDAQ
    Business
    Investopedia

    Top Marijuana Stocks on the NASDAQ

    The cannabis companies on the NASDAQ reflect this, with the majority of them operating in the biotech area of the industry. Here are the NASDAQ-listed marijuana stocks, in alphabetical order, as of Oct. 9, 2018, with a breakdown of their total returns. The NASDAQ was the first electronic exchange and has long been synonymous with technology and biotechnology.

  • How Schwab Plans to Prosper During a Downturn
    Business
    Investopedia

    How Schwab Plans to Prosper During a Downturn

    Charles Schwab Corp. (SCHW), which now custodies $1.6 trillion of assets for 7,500 advisory-business clients, plans to keep expanding amid volatile markets and increasing chatter of a looming recession. “I see continued growth—and interestingly enough, volatile markets, and even recessionary bear markets, are very good for this model,” Bernie Clark, the head of Charles Schwab Advisor Services, told Barron's in a recent interview. Over the past two years, Schwab has ramped up its asset holdings from its prior pace of $60-billion to $70 billion net new assets a year to more than $100 billion per year.

  • Business
    Investing.com

    Asian Stocks Fall After IMF Cuts Global Growth Forecast

    Investing.com - Asian stocks fell in morning trade on Tuesday after the International Monetary Fund (IMF) cut its global growth forecast to the weakest in three years. China's Shanghai Composite and the Shenzhen Component were down 0.7% and 0.9% 9:46 PM ET (02:46 GMT). Hong Kong's Hang Seng Index lost 1.1%.

  • Implied Volatility Surging for Chesapeake Energy (CHK) Stock Options
    Business
    Zacks

    Implied Volatility Surging for Chesapeake Energy (CHK) Stock Options

    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. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

  • Square's Newest Product Is Genius
    Business
    Motley Fool

    Square's Newest Product Is Genius

    The Square Card, a free business debit Mastercard for Square merchants, gives its users access to funds as soon as they make a sale through their Square card reader. It's the latest move by Square to provide more banking services for its users. The Square Card is a very similar product, but for business expenses, and it could be an even bigger success for Square's business.

  • Dow Jones Futures: Netflix, Microsoft Lead 5 Top Stocks Nearing Buy Points
    Business
    Investor's Business Daily

    Dow Jones Futures: Netflix, Microsoft Lead 5 Top Stocks Nearing Buy Points

    Dow Jones futures fell late Monday, along with S&P 500 futures and Nasdaq futures, after U.S. stock markets were closed in observance of the Martin Luther King holiday. The stock market rally powered higher last week, with the Dow Jones, S&P 500 index and Nasdaq composite all reclaiming their 50-day lines. Microsoft, Netflix, Adobe, Salesforce.com and Visa are large-cap stock worth watching.

  • Tesla gets clearance to begin Model 3 deliveries in Europe
    Business
    Engadget

    Tesla gets clearance to begin Model 3 deliveries in Europe

    Tesla expects to start delivering the Long Range Battery version of the Model 3 in Europe in February after getting the go-ahead from Dutch vehicle authority RDW. It had seemed the regulatory thumbs up was imminent after Tesla opened up Model 3 orders to left-hand drive countries across Europe this month. Model 3's European debut comes at a critical time for Tesla, which just laid off seven percent of its full-time employees to help it cut costs while ramping up production of lower-priced versions of the car.

  • Netflix Loses Ground On Sales Miss
    Business
    Investor's Business Daily Video

    Netflix Loses Ground On Sales Miss

    Netflix Loses Ground On Sales Miss

  • Business
    MoneyShow

    Top Picks 2019- General Electric GE

    The stock market correction took GE down even further. It is possible that GE will go lower. If so, I doubt that any additional decline will be very large.

  • 5 Reasons to Not Renew (or Sign Up for) a Costco Membership
    Business
    Motley Fool

    5 Reasons to Not Renew (or Sign Up for) a Costco Membership

    If you can't stay focused on your list and avoid buying things you don't really need, your membership will end up costing more than it saves. You don't use it If you never shop at Costco, you won't save any money. Joining and not going is like buying a treadmill and never taking it out of the box.

  • 3 No-Brainer Stocks I'd Buy Right Now
    Business
    Motley Fool

    3 No-Brainer Stocks I'd Buy Right Now

    Market volatility can be unnerving at times, but it always creates opportunities for investors who adopt a long-term mind-set. Visa (NYSE: V), HealthEquity (NASDAQ: HQY), and DocuSign (NASDAQ: DOCU) are three high-quality businesses that are all down from a recent high. Payment processing giant Visa rarely goes on sale.

  • Caterpillar (CAT) Earnings Expected to Grow: Should You Buy?
    Business
    Zacks

    Caterpillar (CAT) Earnings Expected to Grow: Should You Buy?

    Caterpillar (CAT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 28.

  • A Plea to Aurora Cannabis: Stop Diluting Your Shareholders
    Business
    Motley Fool

    A Plea to Aurora Cannabis: Stop Diluting Your Shareholders

    In many ways Aurora Cannabis has the makings of a cannabis giant... if not for its ongoing dilution. The rise of bought-deal offerings, the pot industry's "necessary evil" Since Canadian pot stocks have very limited access to nondilutive forms of financing, nearly all have turned to bought-deal offerings to raise capital.

  • This Might Be the Best Marijuana Stock on the Market
    Business
    Motley Fool

    This Might Be the Best Marijuana Stock on the Market

    In fact, I think that on an overall basis this might be the best marijuana stock on the market. In 2017, the alcoholic beverage maker made its first investment in Canadian marijuana producer Canopy Growth (NYSE: CGC). Constellation Brands believes that the global retail cannabis market will exceed $200 billion within the next 15 years.

  • AMD Takes a Crack at the Chromebook Market
    Business
    Motley Fool

    AMD Takes a Crack at the Chromebook Market

    Instead, AMD is looking to grow its share in the notebook PC market by expanding beyond Windows-based computers and offering products for low-cost Chromebooks, which run on Google's Chrome operating system. Let's take a closer look at the opportunity here for AMD. How big is the Chromebook chip market?

  • Procter & Gamble (PG) is a Top Dividend Stock Right Now: Should You Buy?
    Business
    Zacks

    Procter & Gamble (PG) is a Top Dividend Stock Right Now: Should You Buy?

    Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

  • Alibaba Earnings: What to Expect Amid China's Economic Slowdown
    Business
    Motley Fool

    Alibaba Earnings: What to Expect Amid China's Economic Slowdown

    A slowdown in Alibaba's earnings and revenue is coming The fiscal third quarter is an important one for Alibaba because it includes its annual Singles Day sales extravaganza, which takes place on Nov. 11. It's the largest single day of sales for the company, and revenues have grown significantly every year. In 2018, the event again set a new record for gross merchandise value (GMV) -- $30.8 billion -- and sales grew 27% year over year.

  • AT&T (T) Q4 Earnings Preview
    Business
    Zacks

    AT&T (T) Q4 Earnings Preview

    Shares of AT&T T have surged over 13% since Christmas along with much of the market. With that said, AT&T stock is still down 18% in the last year as investors wait to see what to make of its Time Warner acquisition and how it adapts in a new entertainment age as it prepares to challenge Netflix NFLX with its own streaming offering. With that said, let's see what to expect from AT&T's Q4 financial results that are due out Wednesday, January 30.

  • 3 Stocks to Buy and Hold for Decades
    Business
    Motley Fool

    3 Stocks to Buy and Hold for Decades

    Microsoft (NASDAQ: MSFT), Mastercard (NYSE: MA), and Alibaba (NYSE: BABA) are very different businesses, but they do share one thing in common: the potential to reward investors with long-term growth. Three Motley Fool contributors weigh in on how managing mountains of data, the war on cash, and increasingly wealthier emerging markets could lift these stocks in the coming decades. Information is increasingly being distributed across devices, rather than constrained within silos, and Microsoft's solutions, including cloud computing, artificial intelligence/machine learning, and unified experience -- such as entertainment-anywhere initiatives -- could make this already giant company even bigger in the coming decades.

  • IBM earnings: Emerging tech expected to account for half of sales as revenue declines
    Business
    MarketWatch

    IBM earnings: Emerging tech expected to account for half of sales as revenue declines

    International Business Machines Corp. is looking at a second straight quarter of revenue declines, but hopes to turn the corner to have half of its revenue derived from emerging technologies rather than from legacy mainframes. IBM said its “strategic imperatives” businesses — that is, cloud, analytics, mobile, social and security — generated $39.5 billion in revenue and represented 49% of total IBM revenue over the previous 12 months through the third quarter. Instinet analyst Jeffrey Kvaal, who has a buy rating on IBM and reduced his price target to $160, said a strong dollar still presents a headwind for IBM and will likely continue into 2019.