Check out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.50 per share, 10 cents a share above estimates. Revenue also topped forecasts, and PepsiCo raised its full-year forecast. Amazon.com – Amazon is in the midst of its annual Prime Day, which began […]
Read moreDeutsche Bank said Tuesday it’s that bullish about the Apple iPhone 8. It’s a stark contrast to many other banks that have suggested Apple is about to sell record numbers of iPhones in an upcoming “supercycle” of upgrades. Firms such as Credit Suisse, Citi and Instinet have all referred to the so-called supercycle that will […]
Read moreFederated Investors is predicting the stock market is about to give investors a prime buying opportunity, with a beaten-down group leading the way. “We think energy could work here in the back half of the year,” Phil Orlando, the firm’s chief equity strategist, said Monday on CNBC’s “Trading Nation.” “They [oil and gas companies] have […]
Read moreJPMorgan chief Jamie Dimon has said that the financial sector needs to be prepared for a so-called “hard Brexit” scenario and has raised the possibility of moving some jobs from the City of London to other European cities. Dimon wants the bank to prepare for the worst-case scenario in the negotiations between the U.K. and […]
Read moreEthereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday. In the afternoon trade, one ether token hit an inter-day low of $192.22, according to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges. The cryptocurrency has […]
Read moreMicrosoft plans to announce on Tuesday a new campaign to try to “eliminate” the gap in high-speed internet access in the country’s hardest-to-reach areas — an effort called the Rural Airband Initiative, which will set an ambitious target of bringing better broadband to two million Americans within the next five years. The Redmond, Wash.-based software […]
Read moreThe Trump administration said it would delay, and probably eliminate down the line, a federal rule that would have let foreign entrepreneurs come to the United States to start companies. The decision, announced by the federal government on Monday ahead of its official publication on Tuesday, was quickly slammed by business leaders and organizations, especially […]
Read moreRetailing is dead. Sales clerks are losing their jobs by the thousands. The employment picture for young people with only a high school education is going to get even worse. And all this is happening because of Amazon and its ilk, which are driving the shift among consumers toward e-commerce. We’ve heard this story over […]
Read morePresident Donald Trump will come to Britain on a state visit next year, Sky News quoted senior government sources as saying on Tuesday, quashing expectations that U.S. leader would make the trip this year. Prime Minister Theresa May invited the U.S. president to Britain in January during their first meeting in January, when the two […]
Read moreThe 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange. French national Mark Karpeles filed the plea in response to charges of embezzlement and data manipulation […]
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