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UAE says OPEC, non-OPEC allies to study long-term oil cooperation in June

OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates.'

  • Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday
    Business
    Motley 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.

  • This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth
    Business
    Motley 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).

  • What happens if you win Mega Millions' $970M jackpot?
    News
    Associated Press

    What 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.

  • Cramer's 5 favorite tech stocks right now, including Appl...
    MSFT
    CNBC 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.

  • This Refining Giant Is the Latest Energy Company to Give Up on Its MLP
    Business
    Motley 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.

  • Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted
    World
    Bloomberg

    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.

  • Why Valero Energy, eBay, and New Age Beverages Slumped Today
    Business
    Motley 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).

  • You'll Never Guess What Kept Nucor From Having Its Best Quarter Ever
    Business
    Motley Fool

    You'll Never Guess What Kept Nucor From Having Its Best Quarter Ever

    North American steelmaker giant Nucor Corporation (NYSE: NUE) reported third-quarter results on October 18, yet again turning in a very strong quarter. It should have been Nucor's best quarter ever, but the company had to take a non-cash impairment charge that knocked $0.26 per share off of its earnings, due to -- of all things -- the decline in value of its natural gas reserves. Nucor owns natural gas wells.

  • ‘You are a disaster’: Cleveland-Cliffs CEO berates analyst on earnings call
    News
    MarketWatch

    ‘You are a disaster’: Cleveland-Cliffs CEO berates analyst on earnings call

    Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.

  • Here’s why you shouldn’t retire super early — even if you can
    Business
    MarketWatch

    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.

  • Business
    Benzinga

    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

  • Hillary Clinton under fire over Lewinsky comment
    Politics
    Fox 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.

  • Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says
    Finance
    Yahoo 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.

  • Kmart employee chokes up as he makes his final announcement before the store closes permanently
    Business
    Yahoo 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.

  • Valero to fold logistics arm back into parent company in $950 million deal
    Finance
    American 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.

  • America’s Biggest Employer Isn’t Hiring Seasonal Employees This Year. Here’s the Reason Why
    Business
    Money

    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.

  • Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
    News
    MarketWatch

    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.

  • Marathon Petroleum: Analyzing the Short Interest
    Finance
    Market 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

  • The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy
    News
    Fortune

    The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy

    You know the odds of winning the Mega Millions jackpot are insanely low. The jackpot for the Mega Millions drawing, set to take place Friday, Oct. 19 at 11 p.m., is currently estimated at $970 million. Generous souls will give some of their jackpot winnings to charity or start one of their own, but if you’ve got a quirky sense of humor, it’s worth pointing out that the $970 million Mega Millions jackpot is enough to pay for a McDonald’s Happy Meal (hamburger, not Chicken McNuggets) for every person in America.

  • Why PBF Energy Inc and Other Refining Stocks Are Getting Clobbered Today
    Business
    Motley 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.

  • Why ServiceSource International Is Imploding Today
    Business
    Motley Fool

    Why ServiceSource International Is Imploding Today

    Shares of ServiceSource (NASDAQ: SREV), a provider of outsourced inside sales and customer service solutions, are being obliterated today. The stock is down 46% as of 11:07 a.m. EDT on Friday after the company shared preliminary third-quarter results and revised its full-year guidance.

  • Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot
    News
    MarketWatch

    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.

  • 5 U.S. Marijuana Stocks to Buy Before the Market Lights Up
    Finance
    InvestorPlace

    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.

  • AMD's Q3 Earnings to Gain on Portfolio Strength & GPU Demand
    Business
    Zacks

    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

  • News
    MarketWatch

    AMD's stock tumbles after bearish analyst call, to pace broad sector weakness

    Shares of Advanced Micro Devices Inc. (amd) tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after bearish note on the company from New Street Research and recent downbeat reports on the sector. On Friday, New Street analyst Pierre Ferragu initiated coverage of AMD with a sell rating and stock price target of $18, which was 27% below current levels, saying he sees a "hard stop" in momentum around the corner. Morgan Stanley said in a note Thursday that it expects broad-based lowered fourth-quarter guidance when chip makers report third-quarter results, driven by "pronounced weakness" in autos and a slowing in industrial.