Cannabis company’s stock wasn’t so high on first trading day

Acreage Holdings, the cannabis company that touts ex-House Speaker John Boehner as a high-profile board member, didn’t fire up on its first day of trading. In fact, the pot company’s first day of trading in Canada, where marijuana-equity speculating is becoming a popular sport, was decidedly meh. Acreage shares added 2.5 percent on its debut,…
Business | New York Post

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Merck KGaA Stock Dips On Weak Q3 Profit; Cuts FY18 EBITDA Pre View

Merck KGaA reported Wednesday a sharp decline in its third-quarter profit, while sales increased despite negative currency impacts. Further, the German drugmaker lowered its fiscal 2018 forecast for EBITDA pre, but confirmed organic EBITDA pre view. The company also lifted its organic net sales growth forecast.
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BMW Stock Down On Weak Q3 Profit; Confirms FY18 Outlook

Shares of BMW Group declined around 2 percent in German trading after the auto giant reported Wednesday weak profit in its third quarter, despite growth in revenues. Further, the company confirmed its fiscal 2018 forecast for lower profit and automotive revenues. In terms of its core business, BMW said it had always expected 2018 to be a challenging year.
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Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from…


Reuters: Wealth

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Next steps to take after stock market unpredictability

So now that the market correction is over, it’s time to take stock, engage in a little self-reflection of your buys or sells, if you made any at all. But it’s also a time for the Trump administration to do some soul-searching and review its handling of the hysteria that gripped the markets and kitchen…
Business | New York Post

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GM Stock Surges As Q3 Results Beat View

Automaker General Motors Co. on Wednesday reported a turnaround to profit in the third quarter on higher revenues. Both revenue and adjusted earnings per share for the quarter beat analysts’ estimates. The company’s shares are rising almost 9 percent in pre-market activity. In North America, GM reported adjusted EBIT of $ 2.83 billion.
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Deadline nears for public to buy stock in High Times

The deadline for the public to buy stock in Hightimes Holding under the crowd-sourced IPO is Oct. 31. The company, which owns magazines and Web sites and runs concerts and exhibitions, is hoping that the movement to legalize marijuana will enable the 44-year-old enterprise to catch fire. But it’s been a mixed bag so far….
Media | New York Post

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Volkswagen 9M Profit Climbs On Strong Deliveries; Backs FY18 View; Stock Up

Shares of Volkswagen Group were gaining around 4 percent in the early morning trading in Germany after the automaker reported Tuesday higher profit in the first nine months of fiscal 2018 with increased deliveries. Further, the company confirmed its fiscal year targets, despite continuously challenging market conditions.
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Google Parent Alphabet Q3 Profit Rises, But Sales Miss View; Stock Down

Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported a surge in profit for the third quarter, driven largely revenue growth in search and advertising. Earnings for the quarter trumped Wall Street estimates easily, however, revenues fell short of expectations, sending the search giant’s stock down by about 5 percent in extended session.
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The $12 fast wireless charger our readers love is back in stock on Amazon

Fast Wireless Charger For iPhone XS

We have covered the Yootech Fast Wireless Charger a few different times here in the BGR Deals section and it inevitably sells out every time. The reason is pretty obvious: fast wireless chargers can easily cost between $ 30 and $ 50 — heck, Google’s new charger costs $ 80! — but the Yootech model is only $ 12. If you have a phone that supports fast wireless charging, definitely pick one up while they’re still in stock.

Yootech Wireless Charger Qi-Certified 7.5W Wireless Charging Compatible iPhone XS MAX/XR/XS/X/8…: $ 11.99

Here’s what you need to know from the product page:

  • 【5W, 7.5W and 10 W WIRELESS CHARGING MODELS】 5W model *Using 5V,2A adapter is for Any Qi-enabled devices like iPhone X/8/8 plus Samsung Galaxy S9/S9 Plus and other Qi-enabled phones; 7.5W model *Using QC2.0/QC3.0 adapter (9V,1.67A) is ONLY compatible with iPhone 8/ iPhone 8 plus/iPhone X so far. 10 W model *Using QC2.0/QC3.0 adapter(9V,1.67A) is ONLY for Samsung Galaxy S8/ S8plus/S7/S7 edge/S6 edge plus/Note 5 series devices so far. Please use the most appropriate adapters for best results.
  • 【INTELLIGENT PROTECT TECHNOLOGY】Exclusive Multifunctional Intelligent Protect Technology provides temperature control, surge protection, short-circuit prevention, and more. 0.43in thickness design plus intelligent Temperature control system ensure cooler but more efficient charging. To get better experience, we would like you to take off the phone case and use our recommended adapters (NOT INCLUDED) and cables.
  • 【IMPORTNAT NOTICE】 PLEASE NOTE THAT CHARGING WITH PHONE CASE (ESPECIALLY over 4mm ONE) MAY INFLUENCE THE CHARGING SPEED OR EVEN RESULT IN CHARGING INTERMITTENTLY OR DISCONTINUED. Basically Yootech wireless charger works with Rubber/Plastic/TPU Cases etc.;MUST be within 4mm thin.【IF INDICATOR LIGHT KEEPS BLINKING】Please check phone’s back(or case) is not attached with any iron, metal,coins,IC Cards,bank cards, magnetic absorbers and other metal objects in the charging detective area.
  • 【SLEEP-FRIENDLY】Yootech smart indicator design is for your enjoying life more. GREEN LED indicator will light up for 3 seconds if power source is connected, while LED light will turn on for 16 seconds if recognizes your phone well (Please site your phone at the center of the pad correctly). Entering charging model, light turns off and keeps the whole charging process SLEEP-FRIENDLY.
  • 【PACKAGE & WARRANTY】You will get 1 x Qi Wireless Charger Pad, 1 x 3.3ft Micro USB Cable, 1 x User Manner. Hassle free 18 months money back/replacement warranty with 12-hour response service is friendly offered. At Yootech, ZERO Risk purchase guarantee is for every customer’s smiles.

BGR Top Deals:

  1. Amazon sale drops Alexa-enabled smart LED bulbs as low as $ 10, today only
  2. Add wireless charging to your old iPhone for $ 17 instead of spending $ 1,000 to upgrade

Trending Right Now:

  1. Now there’s something wrong with NASA’s Chandra spacecraft, too
  2. Apple’s next-gen iPad Pro models may be the thinnest we’ve ever seen
  3. No kitchen is complete without this $ 60 vacuum sealer that’ll save you hundreds each year

The $ 12 fast wireless charger our readers love is back in stock on Amazon originally appeared on BGR.com on Mon, 15 Oct 2018 at 09:00:24 EDT. Please see our terms for use of feeds.


BGR

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10.11.18 Obamacare premiums going down; Google security breach; Stock market troubles

Obamacare premiums are going down to the surprise of many. Also, a couple of new laws could make it easier for you to save on prescription drugs; Google’s security breach was not handled well. Clark tells you to start using Duck Duck Go instead of Google’s search tool; The stock market has had a tough couple of days. Clark gives his thoughts.

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clark.com

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Back To School Sale – Get up to 40% OFF stylish footwear at Payless.com

The Stock Market Cleaned Out Billionaires Over the Past Week. Here’s Who Lost the Most

Billionaires have won big in the long-running bull market that may be teetering on the edge of ending. But they’re also set to lose big. Over the past week, the world’s wealthiest have collectively dropped about $ 50 billion in estimated net worth.

What’s $ 50 billion among the world’s uber-rich? Enough to leave a mark, that’s for sure, but they aren’t hurting for cash–yet. For perspective though, in addition to being the amount of evaporating wealth, $ 50 billion is also the amount of the U.S. trade deficit in July, the first round of Trump’s tariffs against China, and the market value of Target–with $ 5 billion to spare.

So how exactly has the stock market selloff impacted the net worth of world’s richest people? Here’s who took the biggest bath this week, and how much it cost them:

Jeff Bezos (-$ 15 billion)

Amazon’s founder, the world’s richest person, stood to lose the most. And that he did. Jeff Bezos’ net worth dropped from $ 161 billion a week ago down to $ 140 billion on Thursday. That still puts him standing arms akimbo on top of the heap of lesser billionaires, but his company’s focus on consumer goods, which could be further affected by import tariffs and trade wars, could push him closer to more diversified super rich.

Bernard Arnault (-$ 5.9 billion)

Arnault is the longtime chairman and chief executive of LVMH (Mo?t Hennessy Louis Vuitton SE), the world’s largest luxury goods company. He’s also the richest person in Europe, and accordingly, his net worth went down with the crash, from $ 73.5 billion to $ 67.6 billion. At one point, he was down to $ 66.9 billion, but his portfolio seems to be rebounding already.

Warren Buffet (-$ 5.4 billion)

Even the Oracle of Omaha couldn’t predict the market volatility of this past week. Buffet initially saw gains from the $ 90 billion he started with a week ago, climbing to $ 92 billion by Oct. 9. But ultimately, he came crashing down, finishing Oct. 11 with an estimated $ 84.6 billion

Pony Ma (-$ 4 billion)

The China-based Tencent is one of the world’s largest Internet companies, and Pony Ma (Ma Huateng) is the founder, chairman, and chief executive, and maintains extensive holdings in the company. While Tencent dominates Chinese gaming, chat, investment, and other arenas, the global stock pullback pushed his net worth from $ 32 billion down to $ 28 billion.

Bill Gates (-$ 3.9 billion)

Microsoft co-founder Bill Gates has shifted out of the fast-paced life of a technology dominator into the role of public-health and education philanthropist. But despite regular transfers of wealth to the Bill and Melinda Gates Foundation, he doesn’t find himself pulling his pockets inside out for change. Gates, the second-richest person in the world, saw his worth drop from $ 98.7 billion to $ 94.80 billion in the last week.

Larry Page (-$ 3.8 billion)

Google co-founder Larry Page remains actively involved in the management of Alphabet, the holding company of Google and other ventures, has been buffeted lately by concerns about the company navigating forward with a reported China-targeted search engine acceptable that country’s censors, and military-contracting work. Page’s net worth dropped from $ 57.10 to $ 53.30 billion since Oct. 4.

Fran?ois Pinault (-$ 3.8 billion)

Fran?ois Pinault, among France’s richest people and the head of one of the nation’s wealthiest families, is the 82-year-old self-made billionaire behind Kering, which owns a large array of luxury-goods brands, like Gucci, LVMH, and Yves Saint Laurent. He also personally owns Christie’s, the long-established auction house. His portfolio slumped from $ 32.4 billion to $ 28.6 billion.

Sergey Brin (-$ 3.6 billion)

Google’s other co-founder has similar holdings and suffered similar losses as his partner, Larry Page, with Sergey Brin dropping from a reported $ 55.6 billion to $ 52 billion.

Frank Wang (-$ 2.54 billion)

Frank Wang may seem like an outlier and a relative unknown in this list, with a net worth estimated on Oct. 11 of just $ 6.74 billion. But he’s also one of the biggest net losers, dropping from $ 9.28 billion in the last week. Wang’s holdings are tied up in DJI, the biggest maker of commercial and civilian drones in the world, and a company he founded in 2006. As a privately held company, estimates of his net worth over the short term may be more volatile, but DJI has a high degree of exposure to Trump’s trade wars with China from several angles, including the cost of raw goods globally and import tariffs imposed on the lucrative American market potentially reducing revenue.

Steve Ballmer (-$ 2.4 billion)

Bill Gates’s earliest lieutenant, Ballmer took over Microsoft for several years and missed out on the mobile revolution. Forced from the company, he’s found solace in $ 40.1 billion of personal wealth, down from $ 42.50 billion a week ago–and his ownership of the Los Angeles Clippers NBA basketball team.

Mark Zuckerberg (-$ 2.1 billion)

Despite the many investigations, disclosures, and security problems Facebook has faced in recent months, Mark Zuckerberg saw the least losses among his dot-com peers. He was worth $ 62.9 billion a week ago, and now $ 60.8 billion.

Fortune

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Conagra Brands Q1 Results Miss View; Stock Down

Conagra Brands Inc. (CAG) reported profit for the first quarter of fiscal year 2019 that increased 16.8 percent from last year. Quarterly net sales grew 1.7%, and organic net sales, excluding the sale of the Trenton, Missouri production facility Trenton grew 1.2%, with growth in all four operating segments. Both adjusted earnings per share and revenue for the quarter missed analysts’ expectations.
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