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Dershowitz on Strzok testimony: A disaster, everybody looked terrible

Harvard Law Professor Emeritus Alan Dershowitz on FBI agent Peter Strzok’s testimony on Capitol Hill and Democrats’ calls for the impeachment of President Trump.

  • EU signs biggest ever trade deal and attacks Donald Trump
    World
    The Telegraph

    EU signs biggest ever trade deal and attacks Donald Trump

    The European Union on Tuesday signed an agreement with Japan that will create the world’s largest free trade zone before attacking Donald Trump for triggering possible trade wars with his protectionist “America First” policy. The Japan-EU Free Trade Agreement will eliminate nearly all tariffs between the bloc and the world’s third biggest economy. The EU will abolish tariffs on Japanese cars in return for Tokyo eliminating tariffs on European cheese and wine.

  • Liver Cancer Deaths Are Skyrocketing While Overall Cancer Deaths Are Falling. Here's One Possible Reason Why
    News
    Fortune

    Liver Cancer Deaths Are Skyrocketing While Overall Cancer Deaths Are Falling. Here's One Possible Reason Why

    Mortality rates for liver cancer patients are growing. According to a new report from the Centers for Disease Control and Prevention’s National Center for Health Statistics, death rates from this cancer increased 43% from 2000 to 2016. This increase in liver cancer deaths is particularly noteworthy, as overall mortality rates for all types of cancer have declined.

  • Schlumberger (SLB) to Report Q2 Earnings: What's in Store?
    Finance
    Zacks

    Schlumberger (SLB) to Report Q2 Earnings: What's in Store?

    Schlumberger Limited SLB is scheduled to report second-quarter 2018 earnings on Jul 20, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 0.00%, courtesy of a surge in North American directional land drilling operations and awards for Integrated Production Services (IPS) contracts. Let’s look at the estimate revisions to get a clear picture of analyst opinion on the stock before the earnings release.

  • Demi Moore Arrived at Bruce Willis's Roast With All the Burns
    News
    Time

    Demi Moore Arrived at Bruce Willis's Roast With All the Burns

    Warning: don’t offer yourself up to be the subject of a Comedy Central roast unless you’re really ready to feel the burns. Bruce Willis experienced the full fire of the comedy roast when his special aired, featuring appearances from friends like Joseph Gordon-Levitt, Edward Norton and Martha Stewart to, yes, his ex-wife Demi Moore. Moore pulled no punches, lambasting the popular action star on both personal and professional terms.

  • Blood Pressure Medication That May Contain Cancer-Causing Impurity Is Recalled
    Finance
    Fortune

    Blood Pressure Medication That May Contain Cancer-Causing Impurity Is Recalled

    Several drug companies have recalled medications containing valsartan, an off-patent ingredient used in generic medications to treat heart failure and high blood pressure. The companies blamed the recall on the presence of N-nitrosodimethylamine (NDMA), an impurity thought to be produced because of changes in manufacturing that is classified as a probable cancer-causing agent. The Food and Drug Administration issued an announcement about the voluntary recalls on July 13.

  • Business
    Benzinga

    Morgan Stanley: Nvidia 'The Cleanest Growth Story In Semis,' With New Products Ahead

    The weakness in the card market is due to price hikes triggered by the crypto shortage, which shouldn't be an issue for Nvidia's prices, Moore said in a Tuesday note. Moore said he expects Turing, Nvidia's next-gen graphics card architecture, to be announced at Gamescom in late August, and the analyst projects a strong adoption cycle.

  • EARNINGS: Johnson & Johnson stock jumps after beating on profits, trimming guidance
    Business
    Yahoo Finance Video

    EARNINGS: Johnson & Johnson stock jumps after beating on profits, trimming guidance

    Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Johnson & Johnson reports second quarter adjusted earnings per share that beat Wall Street expectations.

  • Auto teardown expert who slammed Tesla Model 3’s fit and finish admits car is surprisingly profitable
    Business
    American City Business Journals

    Auto teardown expert who slammed Tesla Model 3’s fit and finish admits car is surprisingly profitable

    Auto teardown expert Sandy Munro, who once said the Tesla Model 3’s shoddy fit and finish reminded him of a Kia from the 1990s, this week admitted the car is the most profitable electric sedan he’s ever tested, with a roughly 30 percent gross margin. “I have to eat crow,” Munro said on an episode of Autoline published Monday. “I didn’t think it was going to happen this way, but the Model 3 is profitable.” Munro’s Detroit-based firm specializes in meticulously taking apart new cars, studying their components and estimating their cost.

  • The White House’s terrible photo is the perfect image of the Trump-Putin summit
    Politics
    Quartz

    The White House’s terrible photo is the perfect image of the Trump-Putin summit

    The weirdest, least flattering image of Donald Trump with Vladimir Putin didn’t come from a rogue member of the media. Just before the US and Russian presidents’ closed-door meeting today (July 16), Sarah Huckabee Sanders tweeted a black-and-white photo that shows Trump, sitting upright and wide eyed, looking away from Putin, whose eyes are closed. .@POTUS @realDonaldTrump and President Putin sit down for one on one meeting in Helsinki, Finland.

  • Boeing drops more Farnborough freighter deals for 777s, 747s and converted 737s
    Business
    American City Business Journals

    Boeing drops more Farnborough freighter deals for 777s, 747s and converted 737s

    Boeing rolled out more cargo jet deals Tuesday at the Farnborough International Airshow, including 747s, 777s and converted 737-800 freighters. Boeing unveiled a firm order from Russia's Volga-Dnepr Group for five Boeing 747-8 Freighters worth $2 billion at list prices and a letter of intent from British-based sister airline CargoLogicHolding to buy 29 Boeing 777 Freighters worth $9.8 billion at list prices. Boeing and GE Capital Aviation Services reached a separate deal covering 35 additional 737-800 jets converted by Boeing from passenger aircraft to freighters.

  • Why Facebook Stock Could Continue to Reach New Highs
    Business
    Market Realist

    Why Facebook Stock Could Continue to Reach New Highs

    Facebook (FB), like most FAANG1 stocks, is trading at all-time highs. Facebook has a market cap of over $600 billion and is the fifth public company to have breached that mark. If not for Instagram, which is expected to be a major revenue growth driver in future years, analysts would probably not be so bullish on Facebook.

  • This High-Yield Stock Has Big-Time Upside Potential
    Business
    Motley Fool

    This High-Yield Stock Has Big-Time Upside Potential

    Targa Resources (NYSE: TRGP) has been living on the edge. After paying out everything that came in last year to support its 7.1%-yielding dividend, the company has had to scramble to secure funding for its expansion projects. Combined with the fact that commodity prices are on the upswing, Targa's earnings should rocket higher in the coming years.

  • Walmart and Microsoft are teaming up to take down Amazon
    Business
    Yahoo Finance Video

    Walmart and Microsoft are teaming up to take down Amazon

    One of the biggest retailers, Walmart, is teaming up with Microsoft to take down the online giant, Amazon. Yahoo Finance’s Alexis Christoforous, Julia LaRoche, and Melody Hahm break down the details.

  • MGM sues Vegas mass shooting victims, argues it isn't liable
    Finance
    Associated Press

    MGM sues Vegas mass shooting victims, argues it isn't liable

    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has "no liability of any kind" to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks. The lawsuits target victims who have sued the company and voluntarily dismissed their claims or have threatened to sue after a gunman shattered the windows of his Mandalay Bay suite and fired on a crowd gathered below for a country music festival.

  • Why AT&T Stock Fell 17.4% in the 1st Half of 2018
    Business
    Motley Fool

    Why AT&T Stock Fell 17.4% in the 1st Half of 2018

    AT&T stock climbed at the beginning of February thanks to better-than-expected fourth-quarter earnings and promising guidance. Shares then continued to see significant downward momentum in the middle of March, corresponding with the beginning of the DOJ antitrust suit that would determine the legality the Time Warner merger. AT&T stock then took another big hit in April following the release of disappointing first-quarter results.

  • These 3 Value Stocks Are Absurdly Cheap Right Now
    Business
    Motley Fool

    These 3 Value Stocks Are Absurdly Cheap Right Now

    When stocks get so out of sync with what their actual valuation ought to be, investors should move quickly because it's likely they won't stay that way for long. See why Ford (NYSE: F), Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), and Party City (NYSE: PRTY) made the cut.

  • Buy Microsoft, not IBM — and find the winners in six other sectors
    Business
    MarketWatch

    Buy Microsoft, not IBM — and find the winners in six other sectors

    Corporate profits are booming, with research firm FactSet plotting a blended earnings growth rate of about 20% for the S&P 500 Index (SPX) Furthermore, more than one in five companies in the index issued positive guidance for second-quarter results going into this reporting season, which is the highest share since 2006. To make the most of this high-octane earnings season, then, investors should be more discerning than just camping out in an index fund that gives you nearly equal shares of winners and losers. Here are seven sectors that are likely to make waves this earnings season, with a stock to buy and stock to sell in each.

  • Bear of the Day: Alibaba (BABA)
    Finance
    Zacks

    Bear of the Day: Alibaba (BABA)

    Alibaba Group (BABA), perceived as the "Amazon of China," is a must-own franchise for some investors -- myself included. From the different analyst reports I've read, there are multiple headwinds causing them to lower EPS projections, including growing competition in e-commerce and cloud services, economic slowing in China and RMB currency depreciation, a one-time step-up in stock compensation related to Ant Financial’s recent financing, and overall increasing investments by Alibaba that will hurt profitability. China's e-Commerce market is expected to pass $1.1 trillion in 2018.

  • Top Research Reports for AT&T, Home Depot & Cisco
    Finance
    Zacks

    Top Research Reports for AT&T, Home Depot & Cisco

    Tuesday, July 17, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including AT&T (T), Home Depot (HD) and Cisco (CSCO). These research reports

  • Business
    Investopedia

    AMD to Jump Over 25% on PC Business Pickup: Stifel

    Shares of chipmaker Advanced Micro Devices Inc. ( AMD) have rallied on a bullish note from one team of analysts who sees a positive earnings surprise in store for the Santa Clara, California-based company. AMD stock gained nearly 2% on Monday after popping 5% on Friday to reach its highest level in 10 months. On Friday, Stifel analyst Kevin Cassidy, who rates AMD at buy, increased his 12 month price target on the stock from $17 to $21, representing a nearly 27% upside from Monday close. He cited strength in AMD's EPYC server CPU business, which he wrote is "winning server designs." He expects the model to gain traction ahead of consensus expectations for 5% unit market share exiting the the fourth quarter of 2018.

  • Amazon Prime Day U.S. sales bigger than last year, despite site issues
    Finance
    TechCrunch

    Amazon Prime Day U.S. sales bigger than last year, despite site issues

    Despite the massive glitches that prevented online shoppers from being able to browse and buy from Amazon's Prime Day sale yesterday, the retailer is this morning claiming its Prime Day sales in the U.S. are "bigger than ever," and grew faster than last year's Prime Day within the first ten hours of the annual sales event. In addition, customers bought "millions" of Amazon devices, including top sellers Fire TV Stick, Echo Dot, Fire 7 tablet, the Instant Pot 6 Qt, and the Lifestraw Personal Water Filter for Hiking, Amazon said. While Amazon doesn't tend to reveal hard numbers, a third-party report from Feedvisor backs up Amazon's statement to some extent, saying that online shoppers spent 54 percent more in the first three hours of Prime Day this year, than the first three hours last year, according to a report from Bloomberg.

  • Don’t cheat yourself with the 4% rule
    Business
    MarketWatch

    Don’t cheat yourself with the 4% rule

    If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.

  • Netflix is falling off a cliff
    Finance
    TechCrunch

    Netflix is falling off a cliff

    Netflix didn't add as many subscribers as expected by a bunch of people on Wall Street who on a quarterly basis govern whether or not it'll be more valuable than Comcast -- and that is probably a bad thing, as it's one of the primary indicators of its future potential for said finance folk. While it's still adding subscribers (a lot of them), it fell below the forecasts it set for itself during the second quarter. This comes amid a spending spree by the company, which is looking to create a ton of original content in order to attract a wider audience and lock them into that Netflix ecosystem.

  • Kinder Morgan Inc Earnings Preview: What to Watch
    Business
    Motley Fool

    Kinder Morgan Inc Earnings Preview: What to Watch

    Kinder Morgan (NYSE: KMI) has had an up-and-down year. The pipeline giant started 2018 off with a bang by reporting strong first-quarter results, which enabled it to raise its dividend 60% versus last year's level as well as buy back another $250 million

  • Vladimir Putin Set a Trap for Robert Mueller in His Press Conference with Donald Trump
    Politics
    Time

    Vladimir Putin Set a Trap for Robert Mueller in His Press Conference with Donald Trump

    It was a calculated attempt to pull the Mueller investigation onto a playing field that Putin can control. Here’s roughly how the Russian leader would like things to unfold: Now that the Special Counsel has indicted a group of 12 Russian intelligence officers for interfering in the U.S. elections, Putin wants to see the evidence, ideally translated into Russian and sent to the authorities in Moscow, all in accordance with an obscure law-enforcement treaty that the U.S. and Russia signed nearly two decades ago.