Amazon shares have nearly doubled the market’s gain so far this year. But even after the big run up, Wall Street analysts are recommending that investors buy them before this week’s earnings report. Deutsche Bank on Tuesday reiterated its buy rating for Amazon shares, predicting solid results from its e-commerce business. “Heading into Amazon’s 3Q […]
Read moreBritain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. “The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of U.K. customer data held by Equifax Ltd on the […]
Read moreCanyon Partners Co-CEO Joshua Friedman said he’s finding value in mergers and acquisitions and is “very cautious” on entering the retail space. “We’ve deployed a fair amount of capital recently in oil services,” Friendman told CNBC’s Andrew Ross Sorkin on Tuesday. “There are a lot of companies that are very competent services companies that couldn’t […]
Read moreExpected tax cuts along with increased spending for hurricane victims and a higher debt ceiling could push the U.S. budget deficit even higher than expected. In fact, the deficit could be back over $1 trillion by 2020, a good deal ahead of current government projections, according to a Goldman Sachs analysis. “We have increased our […]
Read moreWall Street could see a pullback of about 3 percent before year-end, strategist Katie Stockton told CNBC on Tuesday. If the drop happens sooner rather than later, stocks could squeeze in another rally before January, BTIG’s chief technical strategist told “Squawk Box.” “The initial support for the S&P 500 is about 2,485,” Stockton said. “That’s […]
Read moreDespite numerous reports that the iPhone X is going to be incredibly hard to find, Apple said on Tuesday that the phone will be available to buy in store when it launches on Nov. 3. Pre-orders for the iPhone X open this Friday, Oct. 27 at 12:01 a.m. PDT. That’s when industry-watchers will get the […]
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The global economy is set to enjoy steady growth with one notable exception according to a note from Goldman Sachs out this morning. The firm’s portfolio strategy research team calls for 3.9 percent annual global growth through 2020, but believes GDP in the U.S. will decelerate to just 1.5 percent. The U.S. Commerce Department’s official […]
Read moreWhole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Center mall’s largest tenant, Target had a say over changes to the property. According to people familiar with the lease discussions, Target balked at sharing the mall […]
Read moreCurrency, United States Finance
Apple Pay rival Fitbit Pay launches in the UK — but just one small fintech bank supports it
Fitbit has launched its payments processing app in the U.K. Fitbit Pay, the wearable tech firm’s answer to competitor giants like Apple Pay and Android Pay, will be available initially with one bank in Britain — fintech start-up Starling. Starling customers in the U.K. can now use Fitbit’s Ionic smartwatch to make contactless payments in […]
Read moreWhen Reed Hastings, Jeff Bezos and other titans gather with 3,500 invited attendees at next month’s Summit Series ideas festival in Los Angeles, they’re as likely to be questioned about stock performance as they are about the value of a daily meditation practice or even which Korean taco truck they like the most. Founded nine […]
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