AMD’s market share in the server and desktop chip market will surge in the next two years, according to Bank of America Merrill Lynch. The firm’s analyst, Vivek Arya, raised his price target for the company’s shares to $20 from $17, representing 27 percent upside to Friday’s closing price. He said AMD will likely generate […]
Read moreFormer New York Stock Exchange President Tom Farley told CNBC on Monday he isn’t so sure his old rival, the Nasdaq, should be considered a benchmark for technology stocks. When he hears and sees the term “tech-heavy Nasdaq Composite index,” Farley said it drives him “nuts.” “This isn’t even a tech index,” he argued on […]
Read moreIt happens late in nearly every bull market: Complaints that value-fund managers are beginning to “cheat” on their mandates by sneaking growth companies into their portfolios, high valuations and all, goosing performance now but taking big risks on when the next bear market may arrive. Now those worries are back, with the twist that the […]
Read moreFor the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval rating. The president’s economic approval rating surged 6 points to 51 percent with just 36 […]
Read moreMicrosoft’s transition into cloud-based technology opens up new, lucrative markets for the software giant, according to Atlantic Equities, which assumed coverage Monday at overweight. The company’s recent organizational changes to better capitalize on its cloud computing business – known as Azure – is set to be a key profit driver, analyst James Cordwell told clients […]
Read moreIntel’s surprising management turnover will have a negative impact on its share price, according to Nomura Instinet. The firm lowered its rating to neutral from buy for Intel shares, saying the search for the company’s next CEO will add to concerns over its strategy. On Thursday, Intel announced the resignation of its CEO Brian Krzanich […]
Read moreIf you’ve been an investor for a while, you’ve probably experienced times where your investment strategy didn’t seem to work like you thought it would. Maybe your strategy didn’t perform as well as the Dow Jones Industrial Average or S&P 500 Index, or maybe you simply unperformed your neighbor’s portfolio. Were you able to understand […]
Read moreAmerica is now home to the world’s speediest supercomputer. But the new list of the 500 swiftest machines underlines how much faster China is building them. The list, published Monday, shows the Chinese companies and government pulling away as the most prolific producer of supercomputers, with 206 of the top 500. American corporations and the […]
Read moreUber will argue in court on Monday that it is “fit and proper” to operate in London, after regulators stripped it of a license last year that could halt its presence in the British capital. Regulator Transport for London (TFL) accused Uber last year of showing a “lack of corporate responsibility” in relation to “public […]
Read moreOn already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry winner of Sunday’s elections — President Recep Tayyip Erdogan — will do next. The country is faced with a multitude of issues: The decline of the Turkish lira, its sky-high inflation rate […]
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