BMW Stock Dips On Weak FY18 Profit, Cautious FY19 Pre-tax Profit View

Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year’s level. BMW said it is confident of volume growth in Automotive unit.
RTT – Earnings

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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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Adobe Partners with Creatives of Color to Make More Diverse Stock Photos

Is your stock imagery suffering from a lack of diversity? Adobe has a solution. The company recently teamed up with three stock agencies; TONL, Mocha Stock, and Diversity Photos to help expand their catalog of diverse stock photos and images. This was done in an effort to replace pictures containing harmful stereotypes with depictions of people of color (POC) that are more nuanced and inclusive. Their hope is to amplify these agencies’ collections dedicated to authentically portraying all ethnicities and cultures.

“Photographers see the world in ways that are unique to their own diverse experiences, and those perspectives are incredibly valuable,” Debbie Grossman, manager, strategic business development, Adobe Stock Premium told BLACK ENTERPRISE in a statement. “We focus on sourcing diverse content for two reasons: one, because it realistically depicts the world we live in, and two, because customers demand it. Customers have been asking for diverse content for years, but the content that gets produced doesn’t always speak to both diversity and authenticity. Unfortunately, it tends to be tokenistic. But at Adobe Stock, we care particularly about sourcing content from a diversity of creators who can represent their own communities in more genuine and positive ways.”

When asked why they decided to partner with Adobe, Karen Okonkwo, co-founder of TONL replied that, “access is crucial for imagery to reach everyone. By having our images on Adobe Stock, it allows POC working for various organizations to see a credible outlet hosting our imagery, which will enable more consumers to use our images in their professional work settings and hopefully beyond that.”

The partnership came about when Adobe became familiar with TONL’s work and reached out to them to collaborate. “We valued Adobe’s approach and their level of professionalism and authenticity,” continued Okonkwo. “Additionally, we are users of Adobe’s creative tools, so it seemed like the perfect partnership to embark on.”

Adobe

Adobe Stock Imagery in partnership with TONL (Image: TONL)

Adobe admitted that sourcing diverse content can be extremely difficult, thus this is why these partnerships came about. “We are lucky in that, in part because of Adobe’s commitment to both diversity and creators, we are able to partner exclusively with diversity-focused stock companies such as Diversity Photos, TONL and Mocha Stock. These are all enterprises which are focused on improving diversity and representation in stock,” said Grossman.

Click here to take a peek at Adobe’s new portfolio of diverse faces.

The post Adobe Partners with Creatives of Color to Make More Diverse Stock Photos appeared first on Black Enterprise.

Lifestyle | Black Enterprise

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Cramer Remix: This stock was left for dead – Now it has my blessing

Jim Cramer reveals that Norwegian Cruise Line is a stand out stock now that oil prices have declined.
Health and Science

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Is Warren Buffett Buying Southwest Airlines? Possibility Pushes Stock Up 4%

A few days after Warren Buffett told Berkshire Hathaway shareholders that the company is hoping to make “an elephant-sized acquisition,” investors have begun to speculate on what big game Buffett has in mind. The most likely candidate right now: Southwest Airlines.

Southwest’s stock, which lists under the ticker LUV, rose 4.1% Thursday to $ 56.04 a share as some investors bid up the stock to bet that Berkshire Hathaway may move to acquire the airline.

Berkshire Hathaway ended 2018 with $ 112 billion in cash and U.S. Treasuries and another $ 20 billion in other bonds, Buffett’s letter said. The company will always keep at least $ 20 billion on hand “to guard against external calamities,” Buffett wrote, leaving more than $ 100 billion for potential acquisitions, which he says Berkshire is eager to make at the right price.

“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own,” Buffett said. “The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects.”

Buffett said “the disappointing reality” was that Berkshire would keep buying stakes in publicly traded companies in the meantime. “We continue, nevertheless, to hope for an elephant-sized acquisition,” he wrote, before adding “Just writing about the possibility of a huge purchase has caused my pulse rate to soar.”

Berkshire has invested in a number of public companies, including banks like JPMorgan and Bank of America, with tech companies like Apple, and airlines like Southwest. Berkshire is already the second-largest shareholder in Southwest, which has a market cap of about $ 31 billion. Buffett wrote that Berkshire’s goal is to buy “ably-managed businesses… that possess favorable and durable economic characteristics.”

Those comments left Buffett-watchers guessing which company Berkshire could buy out, with some noting that Southwest’s reputation as a profitable and well-run company fits Buffett’s investment goal. An analyst report from Morgan Stanley last week viewed “a full-scale acquisition of an airline by Berkshire as a possibility and not worth dismissing.”

And Berkshire Vice Chairman Charles Munger also recently compared airlines to the railway industry as an investment. “It was a terrible business for about 80 years,” Munger said. “But finally they got down to four big railroads and it was a better business. And something similar is happening in the airline business.”

The speculation surrounding Southwest was strong enough to draw a comment from the airline itself. In an email to StreetInsider.com, a company spokesperson said, “There has been speculation circulating that Warren Buffett might be looking to acquire an airline for some time, and that Southwest might be a good fit. As a policy, we do not comment on speculations but appreciate Berkshire’s continued support of Southwest Airlines.”

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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Rio Tinto FY18 Profit Climbs, Declares Significant Dividends; Stock Up

Shares of Rio Tinto Plc were gaining around 2 percent in the early morning trading in London after the Anglo- Australian mining giant announced significant dividend after reporting higher profit in its fiscal 2018. The company also said its 2019 production guidance is unchanged. CEO said, “We have once again announced record cash returns to shareholders of $ 13.5 billion on the back of $ 18 billion
RTT – Top Story

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Mylan quarterly profit, 2019 forecast miss Wall Street estimates — stock tanks

Generic drugmaker Mylan on Tuesday reported lower-than-expected fourth-quarter profit and forecast 2019 earnings well below Wall Street estimates, as it grapples with significant problems at its Morgantown, West Virginia, plant.
Health and Science

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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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Nike Stock Falls 1.7% After Duke Star’s Exploding Shoe Injury

(Bloomberg) — Nike Inc. is looking into what went wrong after college basketball’s biggest star sprained his knee when his shoe fell apart, one of the most high-profile apparel failures in basketball history.

Duke University star freshman Zion Williamson, the consensus No. 1 pick in this year’s National Basketball Association draft, tumbled to the court less than 35 seconds into last night’s loss to in-state rival North Carolina. He’d planted his foot to change direction when his left shoe, the PG 2.5 PE, came apart, causing him to fall awkwardly.

The fallout for the world’s largest sportswear brand was immediate. Twitter lit up with jabs from fans and rival brands, making “Zion” and “Nike” trending topics within the social media network. The company’s stock fell as much as 1.7 percent in New York trading Thursday.

“We are obviously concerned and want to wish Zion a speedy recovery,” Nike said by email. “While this is an isolated occurrence, we are working to identify the issue.”

While the incident, which occurred during one of the most anticipated college basketball games of the year, is certainly embarrassing, it likely won’t affect Nike’s prominent standing within the sport, according to Bloomberg Intelligence analyst Chen Grazutis. If you combine Nike and its Jordan brand, the company has more than 90 percent of the basketball market. Nike reported $ 4.35 billion in wholesale equivalent basketball sales in fiscal 2018, about 14 percent of its overall sales.

“They might get a lot bad press over the next couple days, but I don’t think it will have a direct impact on the shoes,” Grazutis said.

Companies like Nike and Adidas pay tens of millions of dollars for the exclusive right to outfit high-profile college programs like Duke, meaning their athletes are required to wear uniforms and shoes made by the team’s sponsor. Though Duke’s contract with Nike isn’t public, the Durham school is one of Nike’s most important basketball partners. For comparison, the University of Kentucky, another top basketball school, recently extended its Nike deal for eight years and $ 30.6 million.

The malfunction might also hurt Nike’s ability to sign Williamson once he decides to go pro. College athletes can’t sign endorsement deals, but competition for elite draft prospects is fierce every year. Last year’s No. 1 pick, Deandre Ayton, signed a deal with Puma SE that was reported to be the largest rookie deal since Kevin Durant’s seven-year, $ 60 million deal with Nike back in 2007.

Williamson is one of the most highly regarded college prospects in years. The 6-foot-7, 285-pound forward suffered a mild knee sprain, according to Duke coach Mike Krzyzewski. He did not return to the game, and No. 8 UNC upset No. 1 Duke 88-72.

The timing could not have been worse for Nike. Not only was the game televised nationally on ESPN, it was one of the most anticipated college basketball games of the year. The cheapest resale tickets leading up to tip-off were over $ 2,500, approaching Super Bowl levels.

Former President Barack Obama, courtside at the high-profile clash, was shown on video appearing to say with an incredulous look: “His shoe broke!”

It also comes as Nike draws criticism for a different kind of shoe malfunction. Some people who purchased the company’s newest basketball creation, a laceless shoe that you can control with your phone, were unable to connect to the Android version of the app.

This isn’t the first time that Nike’s had problems with its basketball merchandise. After taking over as the official NBA uniform supplier in 2017, multiple stars including LeBron James had their jerseys rip.

Nike stock is up about 25 percent in the past year, similar to the gains of Puma and Under Armour Inc. while leading the roughly 12 percent gain of Adidas AG.

Puma is an upstart in the basketball market, and one of its few NBA players, Terry Rozier of the Boston Celtics, took advantage of Nike’s stumble to urge others to join him.

Sports – TIME

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Kraft Heinz’s Stock Plummets 20% After Company Slashes Dividend, Discloses SEC Probe

The stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed it received a subpoena from the Securities and Exchange Commission and reported a large net loss due to the reduction of goodwill in some of its best-known brands.

Kraft Heinz also said in a conference call discussing earnings that it cut its quarterly dividend to 40 cents a share from 62.5 cents and that it was considering selling off some of its businesses to help pay down debt. The company reported $ 30.9 billion in long-term debt at the end of 2018, up from $ 28.3 billion a year earlier.

In its earnings release, Kraft Heinz said it received a subpoena last October related to its “accounting policies, procedures, and internal controls related to its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors.”

After launching an investigation into its procurements accounting, Kraft Heinz said it recorded a $ 25 million increase in its cost of products sold after determining the amount was “immaterial” to previous reporting periods. The company is also working to improve its internal accounting controls.

The financials reported in Kraft Heinz’s earnings report were well below investor expectations. The company’s revenue rose 0.7% to $ 6.9 billion, missing analyst estimates by $ 50 million, while its GAAP net loss came in at $ 10.34 a share. That net loss was largely caused by an impairment charge of $ 15.4 billion to adjust the goodwill in some of its businesses, including the Kraft and Oscar Mayer trademarks.

Kraft Heinz was formed in 2015 by a merger of the two food companies that was engineered in part by Warren Buffett’s Berkshire Hathaway. Buffett has previously spoken about how changing consumer tastes are affecting the appeal of brands belonging to Kraft Heinz. The company’s stock is currently down 64% from the levels it was trading at two years ago.

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

CHARITY UPDATE:

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!

Heineken FY18 Profit Down, Volume Up; Sees Profit Growth In FY19; Stock Up

Dutch brewer company Heineken NV (reported Wednesday weak net profit in its fiscal year 2018 on charges, while revenues were higher with improved beer volume. Looking ahead for fiscal 2019, the company anticipates adjusted operating profit to grow by mid-single digit on an organic basis. In Amsterdam, Heineken shares were gaining around 5 percent in the morning trading.
RTT – Earnings

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Sony announces first-ever share buyback, stock rises 5 percent

Sony Corp announced on Friday a share buyback of 100 billion yen ($ 910 million) – its first ever aimed at boosting shareholder returns – sending the Japanese electronics and entertainment company’s shares up more than 5 percent.


Reuters: Business News

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Jos. A. Bank: Daily Deals From Jos. A. Bank – Get Up to 75% Off!

Daimler Q4 Profit Down, Cuts Dividend; Sees Slight Growth In FY19; Stock Dips

Shares of Daimler AG were losing around 2 percent in the early morning trading in Germany after the automaker on Wednesday reported that its fourth-quarter profit halved, despite higher sales and unit volume. The company also trimmed its dividend. Looking ahead, for fiscal 2019, the company expects slight increase in Group EBIT, revenues and unit sales.
RTT – Top Story

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Novartis Stock Dips As Q4 Profit Misses View; Plans Buyback; Sees Growth In FY19

Shares of Novartis AG (NVS) were losing around 2 percent in the early morning trading in Switzerland after the drug major reported weak profit in its fourth quarter, and core earnings were below market estimates. Net sales, however, increased and topped analysts’ view. Further, the company proposed higher dividend as well as up to 10 billion Swiss francs share repurchase program.
RTT – Earnings

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The worst-performing Dow stock this year is about to report earnings. Here’s what to expect

Ari Wald of Oppenheimer and Gina Sanchez of Chantico Global discuss Pfizer shares before the company's earnings are released with CNBC's Mike Santoli.
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Investors anticipate possible stock rally post government shutdown

Investors are about find out if the recent, long-awaited stock rally is more wheat than chaff. Stocks will likely see a boost by the end of the federal government shutdown and easing tensions in the China-US trade row, but a greater test will be earnings drops from the nation’s favorite tech darlings. Amazon, Microsoft and…
Business | New York Post

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UBS Posts Profit, Plans $1 Bln Buy Back; Warns On Client Activity; Stock Dips

Shares of UBS Group AG (UBS) were losing around 5 percent in the early morning trading after the Swiss banking giant warned on client activity in the first quarter, despite reporting a profit in its fourth quarter, compared to prior year’s heft loss. For 2018, the Board intends to propose a dividend of CHF 0.706 per share, up 8%. For 2019, UBS is targeting to repurchase up to $ 1 billion of shares.
RTT – Top Story

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JPMorgan Q4 Profit Rises, But Revenues Miss Estimates; Stock Down

JPMorgan Chase & Co. (JPM) reported Tuesday a profit for the fourth-quarter that grew 67 percent from last year. It took a one-time charge, as a result of the U.S. tax reform in the prior year. Net revenue for the quarter rose 7 percent from the previous year. Revenue for the quarter missed analysts’ expectations.
RTT – Earnings

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Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution

"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
Economy

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America’s richest are losing confidence in the stock market

The rich and famous want out of this volatile market. America’s wealthiest people have lost investing confidence — and they may be right on the verge of a flight to the safety of CDs and other cash products as market losses mount, with a staggering $ 13 trillion estimated by ET Intelligence Group to have vanished…
Business | New York Post

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The winners and losers of the 2018 stock market

Believe it or not, there are some diamonds in the rough of the 2018 stock market. And some pretty big names, to boot. Here’s a breakdown of the storied winners and losers as the major indexes hovered around bear market territory:  Longtime laggard Chipotle Mexican Grill, known for being peppered in past years amid food…
Business | New York Post

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Stock market ends turbulent week on a low note

Wall Street was reaching for the Dramamine Friday in a bumpy trading session that saw major indices dip in and out of negative territory. The Dow Jones industrial average closed down 76.42 points — or 0.3 percent — at 23,062.40 after gaining as much 243 points in earlier trades. Friday’s close capped an historically volatile…
Business | New York Post

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Elon Musk’s tax reimbursement plan zaps Tesla stock

Tesla’s stock slid nearly 8 percent on Christmas Eve after Chief Executive Elon Musk revealed a potentially costly plan to reimburse customers who miss a looming deadline for US tax credits on electric cars. Earlier this year, Tesla said orders for cars placed by Oct. 15 would be delivered by Dec. 31, the federal government’s…
Business | New York Post

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Stock indexes meander up and down after days of huge losses

Stock indexes falling again at midday Friday after days of big losses that have left major indexes down 11 percent in December
ABC News: Top Stories

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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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Tribune stock tumbles after McClatchy bid dies

News that the McClatchy bid for Tribune Publishing is dead as a doornail sent the stock spiraling to another new 52-week low on Tuesday — slumping to $ 12.40 a share before closing at $ 12.45, down 4.1 percent. Will Wyatt, a former hedge fund operator, has been looking at the books in recent days to see…
Media | New York Post

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Johnson & Johnson stock tanks on baby powder asbestos report

Johnson & Johnson’s stock had its worst day in 16 years after an explosive report accused the consumer-products giant of lying for decades about trace amounts of cancer-causing asbestos in its namesake baby powder. J&J had evidence from lab tests dating as early as 1971 that its talcum powder contained asbestos — and lied about…
Business | New York Post

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Sen. James Inhofe Bought Defense Stock Days After Pushing For Record Pentagon Spending—Then Dumped It When Asked About It

Chip Somodevilla/Getty

Just days after signaling his support for unprecedented levels of U.S. defense spending, Sen. James Inhofe (R-OK), the chairman of the Senate Armed Services Committee, reported purchasing tens of thousands of dollars of stock in one of the nation’s top defense contractors.

After The Daily Beast asked about the purchase, Inhofe’s office said the senator had contacted his financial adviser to cancel the transaction and instructed him to avoid defense and aerospace purchases going forward.

Inhofe, who took over the top spot on Armed Services after the death of Sen. John McCain (R-AZ) in August, has repeatedly pressed President Donald Trump to dramatically scale up the Pentagon’s annual budget, which currently stands at $ 717 billion. Last week, after Trump hinted he would like to scale back parts of that budget, the Senator had a meeting with the president and Defense Secretary James Mattis, after which it was announced that the administration would seek even more defense funding: a record $ 750 billion in spending for fiscal year 2020.

Read more at The Daily Beast.

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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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Bad communication is why the stock market has been so down

It’s the holiday season. The economy is the best its been in over a decade. So what’s got the stock market so down? To make a holiday cocktail as strong as our current volatility, you’d need several key ingredients. The bartender would add two shots of Federal Reserve — way more than needed. A shot…
Business | New York Post

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Facebook has created ‘too many adversaries,’ says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from "Buy" to "Hold" following a year in which "Facebook's management team has created too many adversaries." The firm is maintaining its target price.
Tech

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The crazy Instant Pot deal that beats Black Friday’s sale is somehow still in stock

Instant Pot Cyber Week Sale

The Instant Pot DUO80 8 Qt 7-in-1 Multi- Use Programmable Pressure Cooker went on sale during the Black Friday blitz at a $ 42 discount, and people went completely crazy over it. Rightfully so, since this is the biggest and perhaps best multi-use cooker model that Instant Pot makes. So many people were upset that they had missed the crazy deal, but then something magical happened: it went back on sale yesterday with an even deeper discount! We felt compelled to tell you about this crazy deal one last time because it’s somehow still in stock on Thursday morning. This 8-quart model for just $ 79 is probably the best sale on any Instant Pot model that we’ve ever seen, and we’ll be shocked if it’s still available at this price by mid-day today.

Instant Pot DUO80 8 Qt 7-in-1 Multi- Use Programmable Pressure Cooker, Slow Cooker, Rice Cooke…: $ 79.00

Here’s more info from the product page:

  • Duo 8 Quart, the number 1 selling multi-cooker, combines 7 kitchen appliances in 1, Pressure Cooker, Slow Cooker, Rice Cooker, Steamer, Sauté, Yogurt Marker and Warmer, prepares dishes up to 70% faster to support your busy lifestyle
  • Features 14 Smart Programs – Soup, Meat/Stew, Bean/Chili, Poultry, Sauté/Simmer, Rice, Multigrain, Porridge, Steam, Slow Cook, Keep Warm, Yogurt, Manual, and Pressure Cook. Now, your favorite dishes are as easy as pressing a button
  • Healthy, stainless steel (18/8) inner cooking pot made from food grade 304, no chemical coating, 3-ply bottom for even heat distribution, fully sealed environment traps the flavours, nutrients and aromas within the food
  • Built with the latest 3rd generation technology, the microprocessor monitors pressure, temperature, keeps time, and adjusts heating intensity and duration to achieve your desired results every time
  • UL and ULC certified with 10 safety mechanisms to provide you with added assurance, designed to eliminate many common errors
  • Accessories include stainless steel steam rack with handles, rice paddle, soup spoon, measuring cup, condensation collector and recipe booklet
  • Power supply: 120V – 60Hz

BGR Top Deals:

  1. Holy cow, this 8-quart Instant Pot is cheaper today than it was on Black Friday
  2. The discounted $ 26 Wyze Cam has features you won’t even find in a $ 200 Nest Cam

Trending Right Now:

  1. High-tech search company claims to have discovered Atlantis
  2. Cleveland cops use NASA’s Mars landing to make a point about winter drivers
  3. The first ‘Avengers 4’ trailer is still missing, and so is its title

The crazy Instant Pot deal that beats Black Friday’s sale is somehow still in stock originally appeared on BGR.com on Thu, 29 Nov 2018 at 07:52:16 EDT. Please see our terms for use of feeds.


BGR

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All Deals on HP, Dell and Lenovo!

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.
RTT – Earnings

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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.
RTT – Earnings

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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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Save $ 50 on select PCs with coupon code 50OFF499.

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.
RTT – Earnings

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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.
RTT – Top Story

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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.
RTT – Top Story

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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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All Deals on HP, Dell and Lenovo!

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.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Watch the video
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

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

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SPECIAL DONATION REQUEST UPDATE:

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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.
RTT – Earnings

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