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The U S Supreme Court just struck down as unconstitutional the Professional and Amateur Sports Protection Act of 1992 which barred states from authorizing sports gambling While 160 sports betting has been legal in Nevada for decades the court said Congress had the right to

What happened Shares of Qudian NYSE QD 160 closed down 16 5 on Monday after the Chinese online lender announced earnings that fell short of expectations Qudian reported 160 diluted adjusted net income per share 160 of 0 16 but GAAP diluted net income per share

What happened Shares of World Wrestling Entertainment Inc NYSE WWE jumped 12 5 as of 3 30 p m EDT Monday after reports that Fox has struck a deal to air one of its most popular shows According to The Hollywood Reporter this morning WWE has agreed in principle

There were a lot of questions going into Match Group s NASDAQ MTCH earnings release Just a week before reports emerged that Facebook NASDAQ FB planned on adding dating features to its ubiquitous social media site causing Match s stock to dive 25 Facebook has

Infineon Technologies AG IFNNY is set to build a new chip production house at Villach Austria The investment worth 1 6 billion is spread over a time period of six years The construction is likely to commence around the first half of 2019 The company anticipates beginning production

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Qurate Retail Inc. said Tuesday that Jeff Yuracisin has been named president of Zulily, effective August 15. Qurate's portfolio also includes QVC and HSN. Yurcisin was previously with Amazon.com Inc. for 13 years, serving most recently as vice president of Amazon Fashion's private brands. Mary Campbell was also named chief merchandising and interactive officer of Qurate Retail Group, Aidan O'Meara was named president of Qurate Retail Group International, and Tom Bazzone was appointed president of Frontgate, which sells outdoor furniture and other home goods. Qurate shares are down 3.3% for the year so far while the S&P 500 index is up 2.4% for the period.

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Stocks opened slightly higher Tuesday, building on strong gains scored the previous day as worries over trade tensions between the U.S. and China continued to recede. The S&P 500 rose 0.2% to trade at 2,738.12, while the Dow industrials advanced 35.88 points, or 0.1%, to 25,049.17. The Nasdaq Composite rose 0.4%.

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J.C. Penney Co. Inc. shares sank 8.8% in Tuesday premarket trading after the retailer announced that Chief Executive Marvin Ellison has resigned to become head of Lowe's Co. He will remain as director and CEO through June 1, but will step down from his role as chairman of the board immediately. Lead Independent Director Ronald W. Tysoe will serve as chairman and an Office of the CEO has been established, comprised of Chief Financial Officer Jeff Davis, Chief Customer Officer Joe McFarland, Chief Digital Officer Therace Risch and Executive Vice President of Supply Chain Mike Robbins. The four will share equal responsibility until a new CEO is named. Lowe's shares are up 2.6% after Ellison was named CEO of the home repair retailer, effective July 2, 2018, succeeding Robert Niblock, who previously announced plans to retire. In addition to J.C. Penney, Ellison has also served in senior-level operations roles at Home Depot Inc. . J.C. Penney shares are down nearly 21% for the year to date, Lowe's shares are down 6% for the period, and the S&P 500 index is up 2.2% for 2018 so far.

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TJX Cos. Inc. shares rose 1.5% in premarket trade Tuesday, after the discount retailer posted stronger-than-expected sales for its fiscal first quarter. The company said it had net income of 4716.4 million, or $1.13 a share, in the quarter, up from $536.3 million, or 82 cents a share, in the year-earlier period. Adjusted per-share earnings came to 96 cents, excluding a 17 cents benefit due to items relating to the December tax revamp. Sales rose 12% to $8.7 billion. The FactSet consensus was for EPS of $1.02 and sales of $8.5 billion. Same-store sales rose 3% to beat the FactSet consensus of 2.5%. Chief Executive Ernie Herrman said the numbers were better than the company expected. "Customer traffic was once again the primary driver of our comparable store sales increases at each of our four large divisions," he said. "Based on our strong first quarter performance, we are updating our outlook for full-year earnings per share. The company increased the low end of its fiscal 2019 EPS guidance and maintained the high end. It raised the high end of fiscal 2019 guidance by 2 cents to reflect the strong first quarter. Shares have gained 12.5% in the last 12 months, while the S&P 500 has gained 14%.

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Micron Technology Inc. shares 6.8% in premarket trade Tuesday, as analysts weighed in on the news the company is planning at $10 billion share buybaci. the news "is a big vote of confidence in the strength of the business model," wrote Ruben Roy at MKM Partners. "MU held an upbeat and well-attended analyst day where management highlighted market trends that are expected to drive continued demand for increasing memory density growth across a wide array of end market applications," Roy wrote in a note, reiterating his buy rating on the stock. Stifel analyst Kevin Cassidy agreed, and said that management addressed investor concerns about capacity "by explaining that y/y bit capacity increase is limited to 20% for DRAM and 40%-45% for NAND Flash despite CapEx increases y/y. Management's discussions were around both Micron and the memory industry transforming," he wrote. Cassidy also rates the stock a buy. JPMorgan analyst Harlan Sur is also sticking with his overweight rating. "Our key takeaways are that Micron is executing well on its production roadmaps and steadily closing the cost/competitive gap with its main competitors in a constructive supply/demand environment that is leading to strong free cash flow generation, resulting in the team instituting a strong capital return program," Sur wrote. Micron shares have gained 98% in the last 12 months, while the S&P 500 has gained 14%.

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