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Nicholas 'Duffy' Fudge, star of 'Wicked Tuna,' dead at 28

Nicholas “Duffy” Fudge, who appeared on Wicked Tuna, the National Geographic Channel’s reality series about commercial tuna fishermen, died on July 19 at the age of 28.

  • Business
    Benzinga

    A Preview Of Bank Of New York Mellon's Q3 Earnings

    Bank of New York Mellon (NYSE: BK) releases its next round of earnings this Thursday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report. Earnings and Revenue Bank of New York Mellon EPS is expected to be around

  • A former GE exec who trained new managers found that almost all of them were making the same mistake
    Business
    Business Insider

    A former GE exec who trained new managers found that almost all of them were making the same mistake

    Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

  • Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'
    Business
    Yahoo Finance

    Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'

    Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. Because if we are on a trajectory of raising rates that means, and if it keeps going that way and I don’t know how high it will go, and it keeps going that way then all the sudden the guy who bought those bonds is going to be looking at a fairly decent loss,” Langone said.

  • Cincinnati Financial puts price tag on Hurricane Florence damage
    Finance
    American City Business Journals

    Cincinnati Financial puts price tag on Hurricane Florence damage

    Cincinnati Financial Corp. suffered close to $100 million in losses from Hurricane Florence alone. The Fairfield-based insurer (Nasdaq: CINF) estimates its catastrophe losses from Florence – that’s the hurricane that struck North Carolina on Sept. 14 – totaled $92 million. To put that in perspective, Cincinnati Financial had $108 million in catastrophe losses in the third quarter last year.  Those losses will impact the company’s combined ratio of losses and expenses to earned premiums by 9.5 to 10 percentage points.

  • Do Analysts Expect Best Buy Stock to Gain Momentum?
    Finance
    Market Realist

    Do Analysts Expect Best Buy Stock to Gain Momentum?

    As of October 16, Best Buy (BBY) stock has fallen 8.4% since its announcement of its results for the second quarter of fiscal 2019, which ended on August 4. Best Buy stock has risen 9.3% YTD (year-to-date), outperforming the S&P 500’s 5.1% rise as of October 16. As of October 16, Best Buy stock is rated as a “hold” by 16 out of the 25 analysts (or 64%) covering the consumer electronics retailer.

  • Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
    News
    MarketWatch

    Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

    After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day. From last quarter: Is Netflix stock falling down a mountain, or just tripping over a molehill?

  • Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade
    Finance
    Market Realist

    Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade

    Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade Credit Suisse’s downgrade Today, CNBC reported that Credit Suisse downgraded Home Depot (HD) stock from “outperform” to “neutral.” Credit Suisse lowered its price target from $222.00 to $204.00

  • Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers
    Business
    Fortune

    Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers

    Long before he was Secretary of the Treasury, Steven Mnuchin was a student at Yale University. One of those was Eddie Lampert. Lampert, of course, is the recently departed CEO of Sears Holdings, which filed for Chapter 11 bankruptcy Monday.

  • Comparing AT&T’s Valuation amid the October Market Sell-Off
    Finance
    Market Realist

    Comparing AT&T’s Valuation amid the October Market Sell-Off

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) AT&T’s scale In this part, we’ll look at AT&T’s (T) valuation after the recent sell-off. On October 11, AT&T’s market capitalization was $230.6 billion, making it the

  • Legal pot in Canada putting pressure on US
    CGC
    Yahoo Finance Video

    Legal pot in Canada putting pressure on US

    Canada’s moves to legalize recreational marijuana could have major impacts on the US. Yahoo Finance’s Alexis Christoforous speaks with Alexis Keenan about the state of legalization in this country.

  • Could Enbridge Inc. Be a Millionaire-Maker Stock?
    Finance
    Motley Fool

    Could Enbridge Inc. Be a Millionaire-Maker Stock?

    Enbridge (NYSE: ENB) has made its investors lots of money over the years. To put that into perspective, if an investor had bought $10,000 worth of Enbridge's stock 20 years ago, it would be worth about $116,000 today assuming they reinvested their dividends. While Enbridge has done an excellent job creating wealth for investors in the past, it faces an uphill battle in making them millionaires in the future.

  • Pfizer outlines early retirement program ahead of layoffs
    Finance
    American City Business Journals

    Pfizer outlines early retirement program ahead of layoffs

    Pfizer Inc. is offering early retirement to U.S. workers ahead of layoffs early next year. The headcount reduction plan is part of a company-wide restructuring and will likely affect non-union workers. Pfizer told employees: The pharmaceutical giant is offering severance packages that pay a base salary of 12 weeks, plus three weeks of salary for every year of work (up to 104 weeks).

  • Business
    CNBC

    Berkshire Hathaway shares look really cheap using Warren Buffett's own method of valuing stocks

    Companies pay investors dividends but they also retain some of their earnings. Over time, companies invest these retained earnings at a higher rate of return and that ultimately boosts their share prices, benefiting their investors. J.P. Morgan analyst Sarah DeWitt calculates that Berkshire's share of undistributed earnings from its stock portfolio is $12 billion, or about $5.19 per Berkshire Class B share.

  • Microsoft's CEO makes 154 times more than its median employee
    Finance
    American City Business Journals

    Microsoft's CEO makes 154 times more than its median employee

    Microsoft Corp. CEO Satya Nadella made 154 times more than the Redmond-based company's median employee in 2018. Nadella's total compensation reached more than $25.8 million in fiscal year 2018, according to Microsoft's most recent proxy statement filed Tuesday with the U.S. Securities and Exchange Commission. Microsoft's pay gap – which companies are now required to disclose under the Dodd-Frank Wall Street Reform and Consumer Protection Act – is larger than at Amazon, where CEO Jeff Bezos made 59 times more than the median employee.

  • Housing Stocks Tumble Midday; Home Depot Dents Dow
    Finance
    Investing.com

    Housing Stocks Tumble Midday; Home Depot Dents Dow

    Investing.com - Home Depot (NYSE:HD) and other housing-leveraged stocks fell in midday trading following disappointing data on home construction. Home Depot fell about 4.2% at 12:08 PM ET (16:08 GMT) and was a drag on the Dow Jones Industrial Average

  • As Canada legalizes marijuana, investors are deciding whether to celebrate too
    CRON
    Yahoo Finance Video

    As Canada legalizes marijuana, investors are deciding whether to celebrate too

    Recreational marijuana is now legal in Canada. What does that mean for investors here in the U.S.? Yahoo Finance's Seana Smith, Adam Shapiro, Andy Serwer and Alexis Keenan weigh in and discuss the long-term opportunities for investment with Marijuana Business Daily's Founder Editor Chris Walsh.

  • IBM disappoints, more Facebook accusations, Apple apologizes
    Finance
    Yahoo Finance

    IBM disappoints, more Facebook accusations, Apple apologizes

    Here’s a look at some of the companies the Yahoo Finance team will be watching for you today. IBM investors aren’t thrilled with the latest earnings report. The company posted a beat on earnings but revenue missed. CEO Ginni Rometty says the results show

  • Walmart will save $20 million annually on floor wax
    News
    MarketWatch

    Walmart will save $20 million annually on floor wax

    Walmart Inc. has found a new way to save millions of dollars: Switch the floor wax it uses in its stores. According to the retail giant’s Chief Financial Officer Brett Biggs, Walmart (WMT)  switched to a new floor wax that’s both cheaper and more effective, reducing the number of times the floors have to be buffed. “That one change in floor wax will save us over $20 million a year,” he said, according to a FactSet transcript of the company’s Tuesday investment community meeting.

  • Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For
    Business
    Zacks

    Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For

    Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 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 earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • Here's the Average Social Security Benefit for 2019
    Business
    Motley Fool

    Here's the Average Social Security Benefit for 2019

    Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. At present, the average retiree gets $1,422 a month in Social Security benefits. There's a world of misinformation surrounding Social Security, and perhaps one of the most detrimental myths out there is the notion that the program is enough to sustain seniors by itself.

  • Better Buy: The Home Depot, Inc. vs. Lowe's
    Business
    Motley Fool

    Better Buy: The Home Depot, Inc. vs. Lowe's

    Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have helped countless homeowners increase the value of their homes. They've also made many investors rich. With their shares having soared 879% and 484%, respectively, over the past decade, Home Depot and Lowe

  • Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know
    Business
    Zacks

    Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know

    Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 9.29% over the past month, lagging the Computer and Technology sector's loss of 4.86% and the S&P 500's loss of 3.08% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 23.44% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

  • GE to pay penalty if falls short of French job pledges: ministry
    Business
    Reuters

    GE to pay penalty if falls short of French job pledges: ministry

    General Electric's new CEO told France's finance minister on Wednesday that it would stick to his predecessor's French job pledges or pay a penalty, the Finance Ministry said. Former CEO John Flannery warned French Finance Minister Bruno Le Maire in June that the target was "out of reach", and the government raised the possibility of fines worth 50,000 euros ($57,570) for each job not created. GE's new CEO Larry Culp, who took up his post at the start of the month, told Le Maire in a meeting on Wednesday that France remained a strategic country for the company, the ministry said in statement.

  • Boeing (BA) Q3 Earnings Preview: What to Expect
    Business
    Zacks

    Boeing (BA) Q3 Earnings Preview: What to Expect

    Boeing (BA) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 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 earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • Kinder Morgan (KMI) Tops Q3 Earnings Estimates
    Business
    Zacks

    Kinder Morgan (KMI) Tops Q3 Earnings Estimates

    Kinder Morgan (KMI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This quarterly report represents an earnings surprise of 5%. Kinder Morgan, which belongs to the Zacks Oil and Gas - Production and Pipelines industry, posted revenues of $3.52 billion for the quarter ended September 2018, missing the Zacks Consensus Estimate by 3.11%.