News Oil 

U.S. oil, gas system methane leaks larger than EPA estimates: study

“WASHINGTON (Reuters) – U.S. oil and gas drilling and related operations give off much more of the powerful greenhouse gas methane than the federal government estimates, wasting about $2 billion of fuel a year, scientists said on Thursday” writes Midwest Communications Inc for 95kqds.com. The amount of methane leaked from U.S. oil and gas wells and related infrastructure in 2015 equaled about 2.3 percent of the country’s overall natural gas output, a study led by the Environmental Defense Fund advocacy group said.The study relied on both top-down measurements, such as…

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News Stocks 

Snap stock extends slide after Needham cites ‘dramatic slowdown’ of brand spending

“Snap shares fell 5.3% in Tuesday’s session after a Cowen analyst lowered his price target to $9” writes Emily Bary for marketwatch.com. SNAP, -5.27% are down 1.9% in premarket trading Wednesday after Needham analyst Laura Martin lowered her current-quarter and full-year revenue estimates but increased her profitability estimates.Martin lowered her daily-active-user projections but raised her profit estimates due to “aggressive cost cutting.”. The stock is down 23% over the past 12 months, while the S&P 500 SPX, -0.40% has gained 13%. Source: marketwatch.com Share This:

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Starbucks forecasts same-store sales below estimates

“FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles Thomson Reuters (Reuters) – Starbucks Corp on Tuesday forecast global comparable store sales for the current quarter below Wall Street’s estimates and said it anticipates lower net new store growth in the U.S. for fiscal 2019” reports businessinsider.com. Starbucks said it expects global comparable store sales to rise 1 percent in the third quarter, below the 3 percent increase estimated by analysts, according to Thomson Reuters I/B/E/S. The company’s shares fell nearly…

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News Stocks 

Snap stock falls after Cowen cuts estimates on daily active user, ad revenue concerns

“SNAP, -9.40% are down more than 8% in Tuesday trading after Cowen analyst John Blackledge lowered his revenue estimates for the current quarter and the years ahead, based on his expectation for a slightly lower daily-active-user count and average ad revenue per user” writes Emily Bary for marketwatch.com. Snap shares are down 21% over the past 12 months, while the S&P 500 SPX, -0.92% has gained 13%. Source: marketwatch.com Share This:

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Broadcom will generate $10 in revenue from every new iPhone, JP Morgan estimates

“J.P. Morgan expects Broadcom to report adjusted earnings per share of $4.77 on Thursday, when the company reports second-quarter earnings” writes Brent Lewin for cnbc.com. Broadcom will handle all of Apple’s need for a class of chip in its new iPhones, according to J.P. Morgan, spelling revenue of $10 per phone for the chipmaker.Though in-line with consensus estimates for the second quarter, J.P. Morgan’s third-quarter EPS projection of $4.63 is better than Wall Street expects, according to FactSet estimates. Source: cnbc.com Share This:

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Michael Kors forecasts annual profit largely below estimates

“Michael Kors forecast yearly earnings largely below Wall Street estimates, taking the shine off stronger-than-expected quarterly results and driving the handbag maker’s shares down 7 percent on Wednesday” writes Scott Mlyn for cnbc.com. The company known for its Mercer and Hamilton handbags expects earnings of between $4.65 and $4.75 per share in fiscal year 2019, pointing to a lower figure than analysts’ average expectation of $4.74, according to Thomson Reuters I/B/E/S. Kors, which bought luxury shoemaker Jimmy Choo last July, also said on Wednesday it would explore more acquisitions to…

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Michael Kors tops estimates, CEO still open to acquisitions

“The company is now expecting fiscal first-quarter revenue of about $1.14 billion and EPS of 90 cents to 95 cents” writes Ciara Linnane for marketwatch.com. Chief Executive John Idol said the company is expecting growth at the Michael Kors brand in fiscal 2019 to be led by retail, where it is executing plans for fashion luxury products, brand engagement and the customer experience. Source: marketwatch.com Share This:

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Harvard study estimates thousands died in Puerto Rico due to Hurricane Maria

“The Harvard researchers reported that there are several reasons the death toll in Puerto Rico has been drastically underestimated” writes Arelis R for seattletimes.com. CAGUAS, Puerto Rico — At least 4,645 people died as a result of Hurricane Maria and its devastation across Puerto Rico last year, according to a new Harvard study released Tuesday, an estimate that far exceeds the official government death toll, which stands at 64.At least 4,645 people died as a result of Hurricane Maria and its devastation across Puerto Rico last year, according to a…

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Autodesk forecasts second-quarter profit below estimates

“Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading” writes unknown author for cnbc.com. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Excluding items, the company earned 6 cents per share, above estimates of 3 cents.Autodesk’s subscription revenue more than doubled to $350.4 million in the reported quarter, above estimates of $328.9 million.The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Source: cnbc.com Share This:

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Crypto News 

stolen about $1.2 billion in cryptocurrencies since the beginning of 2017

“WHOIS data is a fundamental resource for investigators and law enforcement officials who work to prevent thefts, Jevans said” writes Gertrude Chavez-dreyfuss for reuters.com. Jevans is also chairman of APWG. Of the $1.2 billion, Jevans estimates that only about 20 percent or less has been recovered, noting that global law enforcement agencies have their hands full tracking down these criminals.The implementation of GDPR means that most European domain data in WHOIS, the internet’s database of record, will no longer be published publicly after May 25.NEW YORK (Reuters) – Criminals have…

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