A Wall Street chart analyst said there could be an ‘exhaustive upside move’ in the U.S. stock market soon. Rich Ross, Evercore ISI’s head of technical analysis, said in a note on Monday that a confluence of factors joining together will cause a breakout for the market sometime “into late September/October.” Ross’s note came on […]
Read moreNvidia and AMD are the best-performing stocks over the past year. One Wall Street firm predicts the strong returns will likely continue. Jefferies is bullish that cryptocurrency mining will boost demand for the chipmakers’ products even after some on Wall Street have expressed concerns over the companies’ digital currency exposure. “We think that the risk […]
Read moreThe Trump administration’s moves against China have cooled some business activity in the central Chinese province of Shaanxi, according to a local official. “America’s 301 article investigation I believe … has poured cold water on those who strive to build the U.S.-China relationship,” an official from the Shaanxi Provincial government told a few U.S. journalists […]
Read moreThe specter of digital disruption has quickly become one of the most concerning issues for business leaders around the world. In 2015, less than one percent of executives believed digital disruption could have a transformative impact on their industry. Now, Airbnb is more valuable than Hilton, Tesla is more valuable than Ford, General Motors and […]
Read moreConsumers in Australia are already lining up for the new iPhone even though Apple hasn’t announced it yet. The start of a line was first spotted by journalist Luke Hopewell, who posted a picture on Twitter. A source familiar with the situation confirmed the picture is real and current. tweet It might be the best […]
Read moreEquifax shares fell 8 percent on Monday on top of a 13 percent tumble on Friday after the credit reporting company disclosed a data breach affecting the personal information of 143 million people. John Gamble, Equifax’s chief financial officer, had been scheduled to speak at the Barclays Global Financial Services conference in New York at […]
Read moreStock markets around the world are rallying quite nicely on Monday as Hurricane Irma did not cause as much damage as previously feared, and North Korea did not launch another missile over the weekend. The S&P 500 and the Dow are set to see their best sessions since March 1, and their second-best gains of […]
Read moreThe difficult trading environment on Wall Street in 2017 appears not to be getting much better, with Citigroup warning Monday that its revenue probably will be off 15 percent in the third quarter. Speaking at a Barclays banking conference, Citi CEO John Gerspach predicted the decline amid subdued market volatility. Gerspach said volatility “has remained […]
Read moreVolkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market. The world’s largest automaker by sales said on Monday it would roll out 80 new electric cars across its multi-brand group […]
Read moreApple‘s stock will likely see a significant drop after the company’s highly anticipated iPhone event Tuesday, Loup Ventures’ Gene Munster told CNBC on Monday. “We’re probably expecting more like … a 7 or 8 percent drop,” Munster said on “Halftime Report.” Munster didn’t specify a time frame for that fall, but last week hepredicted a […]
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