General Motors shares dropped in premarket trading Monday after Goldman Sachs downgraded the automaker to a sell rating and predicted a big pullback in the stock ahead. “Looking ahead into 2018 and given the current valuation level, we see a downward inflection in GM earnings and consequently downgrade shares to sell,” wrote analyst David Tamberrino […]
Read moreApple’s success over the next year will depend heavily on how the iPhone X fares. Ultimately, we think it’s a make or break story for Apple. The iPhone mix and average selling price (ASP) will be the biggest driver of Apple shares in the next year, which we expect to be favorable to the overall […]
Read moreAs the world’s population starts to live longer, there’s one industry set to capitalize on retirement plans. The asset and wealth management sector is set to reach $145.4 trillion in assets under management by 2025 as governments step back from helping people saving for retirement, a report by PricewaterhouseCoopers (PwC) showed Monday. Global assets under […]
Read morePresident Donald Trump’s plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will not reveal their bill until […]
Read moreBitcoin broke through the $6,300 mark for the first time late on Sunday to hit a new record high. The price of the cryptocurrency hit $6,306.58 just 10 days after first breaching the $6,300 handle. Investors appear to be shrugging off some of the negative news in the bitcoin world. Bitcoin recently underwent another “fork” […]
Read moreA senior Facebook executive has denied the social network uses a device’s microphone to listen in on real-life conversations in order to target people with relevant ads. In response to a tweet on Friday by PJ Vogt, the presenter of a technology podcast called Reply All, Facebook’s Vice President of Ads Rob Goldman said it […]
Read moreRelatively sanguine stock markets around the world, despite a fierce constitutional crisis raging in Spain, has left analysts contemplating why investor sentiment hasn’t been hit by Catalonia’s quest for independence. Spanish stocks rose 1.7 percent Monday morning despite the political unrest in Catalonia. Spain’s IBEX is only down by 0.7 percent since the independence referendum […]
Read moreCurrency, United States Finance
Catalan leader could face arrest and 30 years in prison for 'rebellion'
The ousted president of Catalonia’s pro-independence government could face arrest on Monday and up to 30 years in prison if found guilty of “rebellion.” Carles Puigdemont was deprived of power following the Spanish region’s declaration of independence Friday, after a month of escalating tensions with the national government in Madrid. Spain’s government has assumed direct […]
Read moreNintendo reported better-than-expected revenues and operating profit for the September quarter on Monday, while raising its own forecasts including for sales of its flagship Switch console. The Japanese electronics giant reported the following results for its fiscal second quarter: Revenue of 219.9 billion Japanese yen ($1.9 billion) versus 174 billion yen expected, according to Reuters […]
Read moreHeathrow Airport has launched an investigation after a memory stick containing confidential security information was found on a London street. The Sunday Mirror says a member of the public found the USB drive and turned it over to the newspaper. The device contained 76 folders, including information about the security measures used to protect Queen […]
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