An NFL player who pleaded guilty to insider trading is reportedly facing an 8-game suspension

Mychal Kendricks

The Seattle Seahawks linebacker Mychal Kendricks will be eligible to return to game action during Week 14 of the NFL season, according to a report from the NFL Network’s Ian Rapoport.
Kendricks will reportedly be suspended eight games after pleading guilty to making $1.2 million as the result of an insider-trading scheme.
Kendricks faces up to 25 years in prison at his sentencing in December.

An NFL player who pleaded guilty to insider trading is about to receive his fate from the league, according to a report out Tuesday.

Mychal Kendricks, the Seattle Seahawks linebacker who in August admitted to making $1.2 million as the result of an insider-trading scheme, will receive an eight-game suspension, according to a report from the NFL Network’s Ian Rapoport.

Kendricks, who was suspended October 2, will be eligible to return to practice during Week 10 of the NFL season and can return to game action during Week 14, when the Seahawks host the Minnesota Vikings, Rapoport said.

Federal prosecutors allege that from 2014 to 2015, while Kendricks played for the Philadelphia Eagles, he paid a friend named Damilare Sonoiki, who worked at Goldman Sachs and is also facing insider-trading charges, $10,000 in cash and kickbacks in the form of things like tickets to Eagles games in exchange for trading tips.

He has admitted to participating in insider trading but says he “didn’t fully understand all of the details of the illegal trades.”

Kendricks faces up to 25 years in prison when he is sentenced in December.

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Source:: Business Insider


The best driving conditions in America can be found in these 10 states

Freeway Interchanges LA

It’s no secret — roads in the US could use some serious help.

The American Society of Civil Engineers 2017 Report Card gave roads in the US a “D,” finding that 32% of urban streets and 14% of rural roads were in poor condition.

There are some states showing signs of hope, however.

On Tuesday, lvl5 — a company founded by ex-Tesla engineers that are building HD maps for self-driving cars —published a list of US states ranked by road quality.

The company analyzed over 15 million photographs captured by its iPhone dashcam app, Payver, which pays users (typically Uber or Lyft drivers) up to $0.05 per mile to record their driving using their cell phone. To rank the states, Lvl5 measured four distinct areas: road paint fading, pavement cracking, potholes, and surface flatness.

Think your state has the smoothest rides around?

Think again if you’re in Michigan — lvl5 found the Great Lake State to have the worst roads in the country. Iowa had the second-worst road quality in the study, followed by Indiana in 3rd. Lvl5’s full findings can be found here.

Below, we’ve listed the 10 states with the best driving conditions:

SEE ALSO: America’s highways and roads are crumbling — here are the 10 states that have it the worst

10. Minnesota

9. Colorado

8. California

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Source:: Business Insider


LIVE: Here come Facebook’s Q3 earnings… (FB)

facebook ceo mark zuckerberg

Facebook will announce its Q3 earnings results after markets close on Tuesday.

The results come after a turbulent few months for the California tech giant, as it battles continued fallout from scandals including Cambridge Analytica and the hack of 30 million users’ sensitive data.

The company’s stock dropped 20% on its Q2 2018 earnings in July, when it failed to meet analysts expectations and warned that revenue growth rates were going to drop. Wall Street will now be watching anxiously to see how significant the damage is.

Here are the key numbers Wall Street is expecting, via Bloomberg:

Adjusted EPS (earnings per share): $1.848
Revenue: $13.802 billion, up roughly 27% year-over-year

Most analysts remain optimistic on Facebook, despite its recent travails. There is a consensus price target of $203.26, according to Bloomberg — up significantly from Tuesday’s share price of around $143. The stock’s all-time high is around $210.

“We expect Facebook’s revenue growth to remain robust, supported by multiple growth drivers,” Wedbush analysts wrote in a research note on Friday, ahead of Facebook’s Q3 earnings. “The company’s unmatched scale and ease of use when it comes to its advertising platform suggest that Facebook will continue to represent a core part of digital advertiser budgets.”

Business Insider is covering Facebook’s Q3 2018 earnings live. Refresh this page or click here for the latest updates.

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SEE ALSO: Facebook’s biggest critic on Wall Street explains why he’s convinced the company is going to keep sinking

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Source:: Business Insider


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