Earnings growth is about to slow down, David Kelly, JPMorgan Funds chief global strategist, told CNBC on Monday. Earlier Monday, the Dow, S&P and Nasdaq hit record highs. Kelly attributes this to people feeling good about the economy, among other things, but he isn’t optimistic for the future. “I think by the second-half of next […]
Read moreInternet search is still a thriving growth market for Alphabet, according to one Wall Street analyst. JPMorgan on Monday reiterated its overweight rating for Alphabet shares, predicting the internet giant will report earnings above expectations in the September quarter. Alphabet-owned “Google continues to grow very fast off a large base, and we believe there is […]
Read moreSaudi Prince Alwaleed bin Talal told CNBC on Monday that the high price of a stake in Uber is part of what pushed him to back Lyft. “We were in discussions with both Uber and Lyft, but when we evaluated both companies, we thought that Lyft is a better entry point for us. Because at […]
Read moreA special-purpose chip for artificial intelligence and other tasks in Google’s new Pixel smartphones draws on Intel technology. In addition to a Qualcomm Snapdragon 835 chip, the Google Pixel 2 and Pixel 2 XL both feature a new custom Pixel Visual Core co-processor, which is meant to improve speed and battery life when shooting photos […]
Read moreApple‘s chief operating officer Jeff Williams believes that advances in hardware and AI will revolutionize the way health care is delivered. Williams delivered the remarks on Monday at an event hosted by Taiwanese chip maker TSMC about the company’s next decade. “We think the (health) industry is ripe for change,” he told the audience. “We […]
Read moreImagine getting into your car and it automatically takes you where you want to go without you even having to tell it. Though it may feel Jetson-like, that futuristic reality is coming, says billionaire tech entrepreneur Elon Musk, the CEO of Tesla and SpaceX. A Twitter user suggested to Musk that he would love to […]
Read moreThe busiest week of the earnings season is here and there are 10 companies investors are betting will top Wall Street’s expectations. CNBC used Estimize, which pools thousands of estimates from real investors and traders, to sort through the many companies reporting over the next week and find the ones where this group had higher […]
Read moreEllen Gaugler remembers driving her father to the Bethlehem Steel mill, where he spent his working years hauling beams off the assembly line and onto rail cars. When the Pennsylvania plant shut down about two decades ago, Ms. Gaugler thought it was the last time she or anyone in Bethlehem would come to its gates […]
Read moreUPS has been one of the biggest laggards in the industrials sector this year, but one technician says the charts are pointing to a big breakout on earnings this week. The transportation stock has been a strong market performer since its IPO in 1999; however, UPS has significantly lagged the broader market since its low […]
Read moreCongress is speeding toward a budget plan that, in the name of cutting taxes, lets the government collect $1.5 trillion less revenue for the next 10 years. One big problem: the government needs more revenue as it is — a lot more. The biggest reason is as simple as it is inevitable: millions more Americans […]
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