CEO: Zuckerberg’s testimony has been a ‘big education’ on how the internet works
Yahoo Finance’s Seana Smith discusses Facebook CEO Mark Zuckerberg’s testimony on Capitol Hill with SteelHouse CEO Mark Douglas.
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- BusinessMotley Fool
Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday
Analyst Pierre Ferragu from financial firm New Street Research set his price target for AMD at $18 per share, arguing that the stock has been priced for a level of success that simply isn't realistic. "AMD's stock price reflects a scenario we don't believe possible," Ferragu wrote. In particular, Ferragu sees larger rival Intel (NASDAQ: INTC) getting its manufacturing act together as we speak.
BusinessBusiness InsiderTesla slides after Elon Musk announced lower-cost Model 3 (TSLA)
Tesla CEO Elon Musk announced on Twitter on Thursday that a lower-cost Model 3 was immediately available for order on the company's website. Tesla shares were down more than 3% Friday after — they gained as much as 2.2% earlier in the session. Tesla shares slid Friday, down more than 3%, after CEO Elon Musk revealed a lower-cost Model 3 sedan was ready for order on the company's website.
- FinanceYahoo Finance
Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says
With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.
NewsAssociated PressWhat happens if you win Mega Millions' $970M jackpot?
Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.
- MSFTCNBC Videos
Cramer's 5 favorite tech stocks right now, including Appl...
Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.
- BusinessMotley Fool
Why PBF Energy Inc and Other Refining Stocks Are Getting Clobbered Today
Shares of PBF Energy Inc (NYSE: PBF) tumbled as much as 10.9% on Friday, joining a sectorwide sell-off that also saw refiners Valero Energy (NYSE: VLO), Phillips 66 (NYSE: PSX), Marathon Petroleum (NYSE: MPC), and HollyFontier (NYSE: HFC) take it on the chin by sinking more than 5% at one point in the day. A trio of factors seems to be driving these declines.
- BusinessMarketWatch
Here’s why you shouldn’t retire super early — even if you can
Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.
- BusinessMotley Fool
Why Valero Energy, eBay, and New Age Beverages Slumped Today
Some major market benchmarks managed to hang onto their gains, but the Nasdaq Composite, and Russell 2000 indexes posted losses of 0.5% to 1.25%, and the S&P 500 was virtually flat. Valero Energy (NYSE: VLO), eBay (NASDAQ: EBAY), and New Age Beverages (NASDAQ: NBEV) were among the worst performers on the day. Valero Energy dropped 10% after the refinery company announced that it would buy back all outstanding units of its related MLP, Valero Energy Partners (NYSE: VLP).
- WorldBloomberg
Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted
Now Crown Prince Mohammed bin Salman could become the biggest risk to his own project. Everything changed when Jamal Khashoggi walked into the Saudi consulate in Istanbul on Oct. 2 and didn’t come out. Prince Mohammed, who’s denied any knowledge of Khashoggi’s fate, still has his defenders -– notably Donald Trump.
- NewsMarketWatch
Cleveland-Cliffs CEO slams Goldman Sachs analyst on earnings call; 'You are a disaster'
The chief executive of mining and resources company Cleveland-Cliffs Inc. (clf) slammed a Goldman Sachs analyst on the company's earnings call earlier Friday, accusing him of failing to understand numbers. You are an embarrassment to your parents," Lourenco Goncalves said in response to a question from another analyst on the call, according to a FactSet transcript. "Matthew Korn from Goldman Sachs, you can run, but you can't hide.
- BusinessBenzinga
Jim Cramer Shares His Thoughts On Amarin, AT&T, McDonald's And More
On CNBC's "Mad Money Lightning Round", Jim Cramer said Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) is a great speculative stock. Cramer is willing to endorse AT&T Inc. (NYSE: T), but he thinks Verizon Communications Inc. (NYSE: VZ) offers more safety
- BusinessYahoo Lifestyle
Kmart employee chokes up as he makes his final announcement before the store closes permanently
Joshua Englert, manager of the closing Kmart store in McMurray, Penn., says a final farewell to customers. Some shoppers might be sad to see Kmart stores go, after the chain’s parent company, Sears Holdings, filed for Chapter 11 bankruptcy protection on Monday. Taking to his Facebook on Sunday evening, Englert posted a video of himself saying, “Attention, Kmart shoppers” over the store’s PA system for the very last time after working at the superstore for 18 years.
- BusinessMotley Fool
This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth
The marijuana industry has become a hotbed of investment activity, and players of all sizes are looking to get into the action. On top of all the interest from ordinary investors, cannabis companies have seen demand rise from sophisticated institutional investors that have experience with deploying larger amounts of investment capital in search of high-growth opportunities. One of the most interesting marijuana investment specialists that investors can follow is Canopy Rivers (NASDAQOTH: CNPOF).
- FinanceAmerican City Business Journals
Valero to fold logistics arm back into parent company in $950 million deal
Less than five years after it was created as a master limited partnership, San Antonio-based pipeline and storage terminal company Valero Energy Partners LP is merging back with its parent company. Valero Energy Partners (NYSE: VLP) announced after close of market on Thursday that it is merging with Valero Energy Corp. (NYSE: VLO), its general partner Valero Energy Partners GP LLC and Forest Merger Sub LLC, a subsidiary that was incorporated in Delaware as a merge vehicle by Valero on Tuesday. Under a merger agreement filed with the U.S. Securities and Exchange Commission, Valero will buy all outstanding shares of VLP stock at $42.25 per share in a transaction that is expected to be worth $950 million.
- NewsMarketWatch
Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.
- BusinessMoney
America’s Biggest Employer Isn’t Hiring Seasonal Employees This Year. Here’s the Reason Why
For the third year, Walmart won’t be hiring tens of thousands of seasonal employees to provide extra support during the holidays. Instead, Walmart is forgoing the long-standing practice in favor of giving it’s full- and part-time employees more hours and opportunities to earn extra cash. The idea, Walmart says, is to fulfill the wishes of many of its employees.
- BusinessMotley Fool
Why IBM’s Brief Growth Streak Just Stalled
Unfortunately for its shareholders, there was a speed bump on the road to rebound last quarter: The company reported this week that revenue shrank, and growth in its vital "strategic imperatives" businesses slowed. Seriously, when IBM's legacy mainframe business is the strongest performer in a given quarter, one has to see that as a problem.
- PoliticsFox Business Videos
Hillary Clinton under fire over Lewinsky comment
Madison Gesiotto, National Diversity Coalition for Trump, and Democratic strategist Al Mottur on how former presidential candidate Hillary Clinton said that her husband’s affair with Monica Lewinsky was not an abuse of power.
- FinanceMarket Realist
Marathon Petroleum: Analyzing the Short Interest
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? (Continued from Prior Part) Short interest in Marathon Petroleum The short interest, represented as a percentage of outstanding shares, in Marathon Petroleum (MPC) has risen from 5.4% on July
FinanceMarket RealistFreeport’s Q3 2018 Earnings: What’s the Word on Wall Street?
Freeport-McMoRan (FCX) is scheduled to release its third-quarter earnings results on October 24. Analysts polled by Thomson Reuters expect Freeport to post revenue of $4.5 billion in the third quarter. Freeport posted an adjusted EBITDA of $1.6 billion in the third quarter of 2017.
- BusinessMotley Fool
This Refining Giant Is the Latest Energy Company to Give Up on Its MLP
The energy sector continues to experience a gigantic consolidation wave, which is causing master limited partnerships (MLPs) to drop like flies. Valero Energy (NYSE: VLO) is behind the latest disappearing act in the space after it agreed to buy out its MLP Valero Energy Partners (NYSE: VLP). Valero Energy launched Valero Energy Partners in late 2013, joining its refining rivals in creating an income-producing vehicle that would steadily buy its parent's midstream assets.
- NewsMarketWatch
Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot
Aurora Cannabis Inc. is a major pot producer, but if its bets on other cannabis companies continue to pay off, it may be able to stop actually growing weed on its own. Aurora (ACBFF)(CA:ACB) said recently its investments were worth more than C$700 million ($540 million) as of Sept. 21, bolstered in part by demand for pot stocks ahead of full legalization of marijuana in Canada on Wednesday. As the entire sector has benefited, so has Aurora’s portfolio, boosting the company’s fiscal fourth-quarter profit to C$79.9 million, after a loss of $20.8 million the year earlier.
- FinanceInvestorPlace
5 U.S. Marijuana Stocks to Buy Before the Market Lights Up
As such, the full range of recreational products offered by Tilray (NASDAQ:TLRY), Canopy Growth (NYSE:CGC) and their peers can now be sold throughout Canada. One question for American investors is how that affects U.S. marijuana stocks? What happened in Canada changes little in the U.S. The federal ban on marijuana remains in place.
- BusinessMotley Fool
General Motors Earnings: What to Watch
General Motors (NYSE: GM) will report its third-quarter earnings results before the U.S. markets open on Wednesday, Oct. 31. Wall Street thinks that GM's revenue may improve year over year, but it may fall a bit short of that earnings number this time around. GM has just begun rolling out all-new versions of its big-selling Chevrolet Silverado and GMC Sierra pickups.
- BusinessZacks
AMD's Q3 Earnings to Gain on Portfolio Strength & GPU Demand
Advanced Micro Devices Inc AMD is set to report third-quarter 2018 results on Oct 24.Notably, AMD has a positive record of earnings surprises in the trailing four quarters, the average surprise being 30.97%. In the last reported quarter, earnings of 14
