Tuttle Launches New Tactical Income ETF

This article was originally published on ETFTrends.com.

Tuttle rolled out the actively managed Belpointe Tactical Income ETF (TBND) on Tuesday that will move in and out of different fixed income sectors. TBND will invest in ETFs that primarily invest in fixed income securities, real estate investment trusts, master limited partnerships, dividend paying equity stocks including utility stocks, and exchange-traded notes.  “There are a […]

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La-Z-Boy stock tanks after company’s quarterly sales miss

Shares of La-Z-Boy Inc. LZB, -1.49% fell more than 14% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter sales that were below Wall Street expectations. La-Z-Boy said it earned $1.5 million, or 3 cents a share, in the quarter, compared with $34 million, or 72 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $30 million, or 64 cents a share, compared with 72 cents a share a year ago. Sales rose 8% to $453.8 million in the quarter, La-Z-Boy said. Analysts polled by FactSet had expected adjusted profit of 64 cents a share on sales of $457 million.

Oil prices gains as sources say API reports a modest weekly fall in U.S. crude stocks

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 812,000 barrels for the week ended June 14, according to sources. The API also reportedly showed a stockpile climb of 1.5 million barrels in gasoline, while distillate supplies edged down by 50,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories fell by 2 million barrels last week, according to a survey of analysts conducted by S&P Global Platts. The survey also forecast an increase of 1 million barrel each for gasoline and stockpiles. July West Texas Intermediate crude CLN19, +4.24% was at $54.09 a barrel in electronic trading, up from the contract’s $53.90 settlement on the New York Mercantile Exchange.

The Countries Most At Risk Of A Trade War

This article was originally published on ETFTrends.com.

By Gary Stringer, Kim Escue and Chad Keller, Stringer Asset Management We wrote a piece a year ago about tariffs and the potential economic implications of a trade war. Though details of tariff policies and the responses from affected countries were not clear at that time, we thought that the tariffs would have little economic impact […]

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11-year-old wins state’s ‘Stop Bullying’ license plate design contest

An 11-year-old girl from Cleveland has won Ohio’s statewide “Stop Bullying” license plate design contest, the state’s attorney general announced this week.

The aim of the contest, according to Ohio Attorney General Dave Yost and the Ohio Education Association, was to give children an outlet to to deter bullying with artistic creativity.

“Bullies gain power when the people around them look the other way, stay silent or ignore the problem,” Yost said in a press release, describing Cleveland tween Brooke Balser’s colorful design.

“Each time we see Brooke’s colorful ‘Bully-Free Car’ design on an Ohio license plate, we’ll be reminded to treat others with respect and to stand up against bullying behaviors.”

Balser’s winning design and slogan will be available for license plates that Ohio drivers can begin purchasing later this year. The money from the sales will fund grants for nonprofit organizations, schools and school districts to provide bullying prevention training programs or similar educational opportunities.

Balser just finished the fifth grade with straight As, has a passion for art and plays softball at Independence Middle School, officials said.

California utility PG&E agrees to pay $1 billion to local governments for wildfire damages dating to 2015

California utility PG&E agrees to pay $1 billion to local governments for wildfire damages dating to 2015.

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China Cord Blood Corp Reports Increase In Q4 Profit

China Cord Blood Corp (CO) reported earnings for its fourth quarter that climbed from last year.

The company’s profit totaled RMB91.11 million, or RMB0.74 per share. This compares with RMB30.51 million, or RMB0.25 per share, in last year’s fourth quarter.

The company’s revenue for the quarter rose 8.0% to RMB251.65 million from RMB232.98 million last year.

China Cord Blood Corp earnings at a glance:

-Earnings (Q4): RMB91.11 Mln. vs. RMB30.51 Mln. last year.
-EPS (Q4): RMB0.74 vs. RMB0.25 last year.
-Revenue (Q4): RMB251.65 Mln vs. RMB232.98 Mln last year.

ST Now, News As It Happens – June 19, 2019

Welcome to ST Now, News As It Happens. Recap of what happened earlier. Reach us at [email protected] or on Facebook and Twitter @STcom.

Planters selling Mr. Peanuts ‘Crunch Force 1’ sneakers

Planters Peanuts is taking a bite out of the footwear industry, offering up Mr. Peanut-inspired sneakers. (Planters)

Planters Peanuts is taking a bite out of the footwear industry, offering up Mr. Peanut-inspired sneakers.

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The company unveiled the limited-edition “Crunch Force 1” sneakers on Tuesday, which feature a blue, yellow and black design, as well as Mr. Peanut’s face on the tongue and a peanut-collage insole.

Planters is selling the $170 pair on CrunchForce1.com until Friday evening “while supplies last,” the website said.

“Mr. Peanut always has your back, in snacking and in life,” the description read. “For any #CrunchTime moment thrown your way, he’s created the Crunch Force 1 sneakers.”

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The well-known character’s Twitter account commemorated the occasion, tweeting that Mr. Peanut was “finally” releasing his “first limited edition sneaker” after more than a century.

The account also shared a brief clip of Mr. Peanut – who typically dons a more formal attire including a top hat and monocle – rocking his new sneaks.

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“I’ve traded in my spats for sneakers!” the caption said.