Inditex FY18 Profit Up, Lifts Dividend; Sees Higher FY19 LFL Sales; Stock Dips

Spanish fashion retailer Industria de Diseño Textil SA or Inditex reported Wednesday higher profit in its fiscal 2018 with increased net sales and like-for-like sales. The company also lifted its dividend. Meanwhile, Bloomberg reported that the owner of the Zara apparel chain reported the weakest earnings growth in five years. Inditex shares fell around 4 percent in the morning trading.
RTT – Earnings

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HIGHER. FURTHER. FASTER. Watch the brand new Marvel…

HIGHER. FURTHER. FASTER. Watch the brand new Marvel Studios’ “Captain Marvel” spot that aired during the Big Game. See it in theaters March 8. Get tickets now: http://www.Fandango.com/CaptainMarvel

Marvel Entertainment

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Scaramucci gives Trump tips for higher approval rating

CNN

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Higher. Further. Faster. Join us for the Marvel Studios’…

Higher. Further. Faster. Join us for the Marvel Studios’ #CaptainMarvel red carpet world premiere LIVE from Hollywood on March 4th at 5:30pm PT/8:30pm ET! Watch all our interviews with the cast and more: marvel.com/captainmarvellive

Marvel Entertainment

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Find your favorite Toy Story toys, apparel, , collectibles and more in the Toy Story Character Shops at the online Disney Store.

Taxing earned income at a higher rate creates a great discrepancy, says former Sen. Heidi Heitkamp

"One of the great discrepancies and inequities in our tax system is earned income is taxed at a higher rate than unearned income," Heitkamp said on CNBC's "The Exchange."
Politics

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The stakes could not be higher for Trump in extraordinary split screen week

Even by the combustible standards of Donald Trump, the spectacle set to unfold around his presidency in time zones 12 hours apart in the next few days could defy description.


CNN.com – RSS Channel – Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Air France-KLM Q4 Loss Narrows, Plans Higher Capacity; Stock Up

Shares of Air France-KLM Group were gaining around 4 percent in Paris trading after the airline reported Wednesday narrower net loss in its fourth quarter with improved revenues. For fiscal 2019, Air France-KLM Group plans to selectively grow capacity for the Passenger network by 2 percent to 3 percent compared to 2018. The company also said it will pursue initiatives to reduce unit costs.
RTT – Earnings

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Asian Markets Mostly Higher

Asian stock markets are mostly higher on Tuesday despite the absence of any cues from Wall Street which was closed on Monday for a public holiday. Investors remained optimistic about the U.S.-China trade talks set to resume in Washington later in the day, as the world’s two largest economies race to reach a deal by the March 1 deadline.
RTT – Top Story

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Children who eat lunch score 18 percent higher in reading tests

The powerful connection between nutrition and education has been revealed by new research from ESMT Berlin. Primary school children who attended a public free lunch program over an extended period were shown to have significantly better learning outcomes.
K-12 Education News — ScienceDaily

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Stocks Give Back Ground But Remain Modestly Higher – U.S. Commentary

After moving mostly higher early in the session, stocks have given back some ground over the course of the trading day on Wednesday. The major averages have pulled back after reaching their best intraday levels in over two months.
RTT – Top Story

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Asian Markets Mostly Higher

Asian stock markets are mostly higher on Wednesday following the overnight rally on Wall Street amid optimism about U.S.-China trade talks and as the surge in crude oil prices boosted energy stocks. Investor sentiment was boosted after U.S. President Donald Trump said he is open to extending a March 1 deadline to raise tariffs on Chinese products if the U.S. and China are close to a trade deal.
RTT – Top Story

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New ‘Captain Marvel’ Teaser Goes Higher, Further, Faster; Here’s Everything We Know So Far

New 'Captain Marvel' Teaser Goes Higher, Further, Faster; Here's Everything We Know So Far

Captain Marvel, the 21st entry in the Marvel Cinematic Universe, will mark the mega-franchise's first movie focused on a single female superhero, and the first to be co-directed by a female filmmaker and scored by a female composer. The highly anticipated film, which will take place more than 10 years before the MCU began, has been in development since 2013 and finally flies into theaters in early 2019. 

A new teaser trailer TV spot arrived during Super Bowl LIII with a…

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Fandango Movie News

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Personal Money Snapshot: An Administrator in Public Higher Education and Former Lawyer Shares Her Money Snapshot!

 

Eeek – we are thrilled to present our very first personal money snapshot! By way of background: we got a few requests from readers to launch our own “money diary” series, so we asked willing readers to fill out a form with lots of details about debt, spending, saving and more!  If you’d like to fill out the form and be considered for a future personal money snapshot, please click here if you’d like to see the form and/or submit responses! You can also see a PDF of the questions if you want to review them ahead of time.

Today’s snapshot features reader P, who notes: “I have worked almost exclusively in public administration or higher education, so not a high roller here! Husband had a job loss early in career (about five years ago) that screwed us up.”

Please remember that this is is a real person who has feelings and isn’t gaining anything from this, unlike your usual friendly (soul-deadened, thick-skinned, cold-hearted, money-grubbing) blogger — so please be kind with any comments. Thank you! — Kat

Name: P
Location: Chapel Hill, NC
Age: 32
Occupation: lawyer –> public higher ed administrator
Income: $ 83,000
Household income: $ 165,000
Partner’s age: 34 (husband)
Household net worth:
 About $ 100,000
Net worth when started working: $ 26,000 (age 24)
Current debt: $ 15,000 credit card debt, $ 2,000 student loans
Living situation: Currently renting; rent is $ 1,400/month. (I do not contribute to rent.)

Debt

What does your debt picture look like?
Aggressively paying down $ 15,000 in consumer debt (credit card) accrued due to a job loss, a period of underemployment after a relocation to a much lower cost of living area (from D.C. to Chapel Hill), and shopping like an idiot. I have about $ 2,000 left on my student loans, which was only $ 10,000 to start.

How much money are you spending each month to pay down debt?
$ 2,000

How did you pay for school?
I made educational choices that left me with as little debt as possible (full scholarships to both undergrad and law school, albeit to lower ranked, less challenging institutions than I could have succeeded in). I always had two jobs during school (except for during 1L). Parents generously paid my rent and let me drive a family car.

What is your living situation?
We rent because we moved here with very little in savings and have lower-paying jobs. We sold our home to move to D.C., which subsequently ate our money ($ 2,500/month in rent for a 1-bedroom in Maryland), and now we rent for both money reasons and for flexibility reasons. We are planning to purchase again in 2019, thankfully, as we build savings and have a better grasp on what we want from our home.

Have you ever done anything noteworthy to avoid or lessen debt?
We had to cash out a small retirement account when my husband lost his job in 2013. We used it as a stopgap for some major things, but ultimately he re-invested about $ 4,000 of that.

Savings, Investments & Retirement

How much do you save for retirement?
I invest about 15–20% of my gross pay each month (target date retirement funds), with some of that as an employer match. Higher ed has its minimal benefits for things like matching!

How much do you have in retirement savings?
$ 70,000 (just mine)

How much do you save outside of retirement accounts?
We fund an emergency account for about $ 400/month, a down payment account at about $ 1000–$ 1500/month, and a vacation fund at $ 100/month. Buying a house is first priority, and a not-sucky retirement is the other. We are childfree and find that impacts some of our decisions with relationship to both the house and retirement.

What’s the #1 thing you’re doing to save money, limit spending, or live frugally?
We just don’t buy a lot of stuff, clothes, disposable things. We’re relatively minimal with our “stuff” consumption. And we bring lunches!

How much do you have in cash that’s available today?
Twenty bucks? Idk, I’m a millennial.

How much do you have in cash that’s available in a week, such as with an online savings account?
$ 20,000, all of my banking is online, no brick and mortar (includes $ 7,000 emergency fund).

Spending 

How much do you spend on the following categories on a monthly basis?

Groceries: $ 600
Restaurants, bars, takeout, and delivery:
$ 400
Clothing and accessories: Less than $ 100
Transportation: Household spends about $ 330 (gas plus car payments, two cars)
Rent/living expenses: $ 1,400
Entertainment: $ 25, Hulu and Netflix only
Health care: $ 50/month each for two individual plans; no kids

What’s your spending range for these things? What’s your average?

Vacations – Range: $ 50–$ 7,000
Vacation – Average: $ 2,500

Individual items of clothing – Range: $ 10–70
Individual items of clothing – Average: $ 40

Apartment or house – Range: $ 1,000–$ 2,600
Apartment or house – Current main residence: $ 1,400 (rent)

Car or other vehicle – Range: $ 8,000–$ 10,000, always buy used, hate cars
Car or other vehicle – Last purchase / current main vehicle: $ 10,000, used vehicle

When was your wedding and how much did it cost? 
2010, $ 30,000 total (parents paid), $ 250 for my wedding ring, about $ 300 for bridesmaids’ gifts, $ 250 for husband’s gift. Was married at 24 to my high school sweetheart (still am!). Tradition in my family is parents pay; it is “their party in our honor,” and the guest list was big (175+) due to very large families. Did not get married in a church. Married by judge I interned for, on lawn of beach club in New England. No honeymoon, as we had just started jobs.

Are there any other large expenses in your life, now or previously?
Husband doesn’t do the taxes anymore… didn’t know how to calculate “income” for IRS purposes so we had a $ 6,000 tax bill one year. Ugh.

Money Strategy

Do you have a general money strategy?
Make as much as you can while still having a life and being happy; spend it on the experiences and food you really want.

Stock photo credit: Deposit Photos / Dualshock

 

The post Personal Money Snapshot: An Administrator in Public Higher Education and Former Lawyer Shares Her Money Snapshot! appeared first on Corporette.com.

Corporette.com

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Stocks Move Higher In Morning Trading, Nasdaq Outperforms – U.S. Commentary

After initially showing a lack of direction, stocks have moved mostly higher over the course of morning trading on Thursday. The major averages have all climbed into positive territory, with the tech-heavy Nasdaq showing a notable advance.
RTT – Top Story

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U.S. youth suicides more prevalent in states with higher gun ownership, study finds

A new study finds that states with higher levels of household gun ownership also have higher overall youth suicide rates, with every 10 percentage-point increase in household gun ownership associated with a 26.9 percent increase in the youth suicide rate.
Teen Health News — ScienceDaily

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Major Averages Close Higher After Recovering From Initial Drop – U.S. Commentary

After recovering from an initial move to the downside, stocks fluctuated over the course of the first trading day of 2019 on Wednesday. The major averages spent the afternoon bouncing back and forth across the unchanged line.
RTT – Top Story

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Higher Health Insurance Costs for Small Businesses Coming in 2019?

A recent ruling by a Texas federal judge insisting the Affordable Care Act (ACA)—otherwise known as Obamacare—is unconstitutional is potentially bad news for millions of small businesses, the national advocacy group Small Business Majority maintains. U.S. District Judge Reed O’Connor agreed with an alliance of 20 states that a change in tax law last year eliminating a penalty for not having health insurance nullified the overall ACA.

‘Obamacare’ will continue to remain in effect for now. The case could be appealed and possibly reach the U.S. Supreme Court, observers say. They say that process could take months or even years.

The ruling occurred a day before the deadline for Americans to sign up for coverage in the federal insurance exchange created under the ACA. Roughly 11.8 million U.S. consumers enrolled in 2018 healthcare exchange plans, the federal agency Centers for Medicare and Medicaid Services reported.

The ruling has “no impact to current coverage or coverage in a 2019 plan,” Seema Verma, the administrator for the Medicare and Medicaid Services, the federal agency that oversees ACA, tweeted.

Former President Barack Obama posted on Facebook that Obamacare will “likely”  survive the judge’s ruling. He urged people to proceed with open enrollment and get coverage.



President Donald Trump saluted the decision as “great news for America,” boasting that Congress will now create a “great” healthcare plan, though that will likely be difficult if large numbers of the pool of uninsured Americans opt not to pay for insurance.


However, the Small Business Majority says the ruling’s impact could hit entrepreneurs, including black small businesses owners soon.

“While this federal court decision does not change the status of the ACA right now, it injects a degree of uncertainty into the ACA marketplaces that many entrepreneurs depend on for quality, affordable health insurance,” Simon Brown, a spokesman at Small Business Majority, told Black Enterprise.

“That uncertainty could cause consumers to leave the marketplaces, meaning prices could rise for those who continue to buy insurance through ACA marketplaces.”

John Arensmeyer, Small Business Majority founder & CEO, added through the ACA’s individual mandate penalty was previously repealed, its remaining components must be upheld in full because the law is absolutely critical to the success of small businesses, their employees and solo entrepreneurs.

Before Obamacare became law in 2010, the Small Business Majority says small businesses and their employees represented a disproportionate share of uninsured workers, and small business owners paid 18% more on average for coverage than larger companies.

Yet, the growth in small business healthcare costs slowed dramatically since 2010, occurring after regular double-digit gains before the law’s enactment. The law made health insurance more affordable for smaller firms, resulting in many entrepreneurs launching their own businesses.

More than 5.7 million small business employees or self-employed workers are enrolled in the ACA marketplaces, and more than half of all ACA marketplace enrollees nationwide are small business owners, self-employed individuals or small business employees, the Small Business Majority states.

Plus, the advocacy group says the law has enabled most states to expand their Medicaid programs, allowing low-income small business employees and entrepreneurs to obtain health coverage.

Arensmeyer says ending the ACA would be an unmitigated disaster for America’s entrepreneurs.

“For the good of America’s job creators, the constitutionality of the ACA must be upheld, and we hope this decision is immediately appealed.”

 

The post Higher Health Insurance Costs for Small Businesses Coming in 2019? appeared first on Black Enterprise.

Money | Black Enterprise

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Stocks Close Mostly Higher After Significant Late-Day Recovery – U.S. Commentary

Stocks saw considerable weakness throughout much of the trading day on Thursday before staging a substantial recovery late in the session. The major averages skyrocketed off their worst levels of the day and into positive territory.
RTT – Top Story

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Stocks Manage To Close Higher After Another Volatile Day – U.S. Commentary

After failing to sustain an early move to the upside, stocks continued to experience substantial volatility over the course of the trading day on Tuesday. The major averages fluctuated wildly as the day progressed before closing in positive territory.
RTT – Top Story

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African-American mothers rate boys higher for ADHD

African-American children often are reported by parents and teachers to display behaviors of ADHD at a higher rate than children from other racial and ethnic groups. For the first time, researchers have found that African-American mothers in a study rated boys as displaying more frequent ADHD symptoms than Caucasian mothers did, regardless of child race.
Child Development News — ScienceDaily

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Stocks to crawl higher in 2019, about right for a slowing economy, RBC predicts

Investors should expect U.S. stocks to inch higher next year as economic growth moderates and the effects of the Trump tax cuts dwindle, according to RBC Capital Markets.
Top News & Analysis

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Trade tariffs, higher interest rates are slowing global economic growth, OECD says

Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the OECD's latest forecasts. But the Paris-based group doesn't see a recession on the horizon. 
World News & Analysis

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Washington’s Chelan County PUD Plans Higher Electricity Costs For Crypto Mining

A rural Washington County Public Utility District, or PUD has proposed higher electricity costs for cryptocurrency miners, according to Central Washington radio station KPQ. The Chelan County PUD in north-central Washington has proposed a new electricity pricing structure, Schedule 36, for the mining activity, which generally takes enormous power.
RTT – Top Story

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Stocks Rebound From Early Sell-Off To Close Sharply Higher – U.S. Commentary

After extending a recent downward trend early in the session, stocks showed a substantial turnaround over the course of the trading session on Thursday. The major averages bounced well off their lows of the session and firmly into positive territory.
RTT – Top Story

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Asian Markets Mostly Higher Ahead Of U.S. Midterm Elections

Asian stock markets are mostly higher on Tuesday following the mostly positive cues from Wall Street. Nevertheless, investors are cautious as they look ahead to the U.S. midterm elections to be held later in the day, which will decide control of both the House and Senate. Democrats are seen as having a much better chance to claim a majority in the House than in the Senate.
RTT – Top Story

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Stocks Move Sharply Higher On Optimism About Trade Talks – U.S. Commentary

After initially showing a lack of direction, stocks moved sharply higher over the course of the trading session on Thursday. With the gains on the day, the major averages extended the strong upward move seen over the two previous sessions.
RTT – Top Story

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Daimler Q3 Results Weak; Sees Lower EBIT, Higher Revenues & Unit Sales In FY18

Shares of Daimler AG (DDAIF.PK) were gaining around 3 percent in German trading after the automaker on Thursday said it expects slight increase in fiscal 2018 revenues and unit sales. The company is also confident for the fourth quarter with continued high demand.
RTT – Earnings

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States With Legal Marijuana Have a Higher Rate of Car Accidents, Study Says

As more U.S. states legalize marijuana, a debate is growing around whether greater availability of cannabis products is causing an increase in auto accidents. A report Thursday from a highway-safety research group supports the camp that believe the two are linked.

The report, issued by the Insurance Institute for Highway Safety, said that car accidents reported to police in three states that had legalized marijuana sales–Colorado, Washington, and Oregon–saw 5.2% more accidents than did their neighboring states.

A second study by the group estimated that states that had legalized cannabis saw 6% more insurance collision claims than other states.

In recent years, a number of studies have look at whether legal cannabis is linked to traffic accidents, often reaching different conclusions. Last year, a study in the American Journal of Public Health looked at traffic fatalities in Colorado and Washington to find that there was “no significant association” between pot legalization and higher fatalities.

A study published in JAMA Internal Medicine in April, however, recorded an increase in car crashes over the past quarter century on April 20, a day when cannabis enthusiasts celebrate the drug. A 2015 study by the National Highway Traffic Safety Administration “did not show a significant increase in levels of crash risk” with pot use when adjusted for demographics like age and gender.

Separately, the National Transportation Safety Board announced Wednesday its ruling on a bus crash that killed 13 people in Texas last March. The driver of a pick-up truck that collided with the bus was under the influence of marijuana and a prescription sedative, the NTSB said.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Asian Markets Mostly Higher With Modest Gains

Asian stock markets are mostly higher on Tuesday with markets attempting a rebound after recording losses in the previous session, despite the weak cues overnight from Wall Street. Nevertheless, gains are modest in most markets amid worries about higher oil prices following rising tensions between Saudi Arabia and the West over the disappearance of prominent Saudi journalist Jamal Khashoggi.
RTT – Top Story

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The 2020 race kicks into a higher gear — even before the 2018 midterms are over

The weekend brought a flurry of activity from potential Democratic presidential candidates, as well as fresh attacks on several of them by President Trump.
Politics

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!