Cybersecurity stocks like FireEye, Barracuda, Symantec and Palo Alto Networks rallied Friday, as snack food and beverage giant Mondelez International became the latest victim of a cyber attack. The company said it was hit with an attack on June 27 that compromised its ability to ship and send invoices during the last four days of […]
Read moreCredit Suisse released the firm’s best current stock picks to its clients in a mid-year update. The report is Credit Suisse’s “one-stop shop” for their research team’s best stocks and summaries pertaining to each selection. Each pick is based on a six- to 12-month time month horizon and represents a “snapshot” of the analysts’ thinking. […]
Read moreIn a bygone analog era, lawmakers and corporate chiefs traveled great distances to swap secrets, to the smoke-filled back rooms of the World Economic Forum in Davos, Switzerland, or the watering holes at the annual Allen & Company conference in Sun Valley, Idaho. But these days, entering the corridors of power is as easy as […]
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Gold prices tumbled to their lowest level in nearly five months Friday on the back of stronger-than-expected employment data. Futures for August delivery dropped 1 percent to $1,210.60 per ounce, reaching levels not seen since March 15. The precious metal was also on track for its fifth-straight weekly loss, its longest losing streak since December. […]
Read moreAbout nine out of 10 first-time guitar buyers will give up on the instrument, according to Fender. To convert new players into lifelong customers, the 71-year-old company is heading online and taking advantage of the 1.5 billion smartphones that were sold last year. “It’s inescapable,” said Ethan Kaplan, general manager of Fender Digital in Los […]
Read moreFacebook isn’t about to let Apple have all the glory of the best place to work in Silicon Valley. On Friday Facebook unveiled renderings and details about its plan for the 56-acre Menlo Science & Technology Park it bought in 2015 — and they’re certainly notable. Facebook envisions a pharmacy, a grocery store, and other […]
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One simple chart depicts what’s taking place in retail today, as many traditional players that once boasted impressive revenue growth now report slipping sales. Amazon, essentially, is “eating the retail world,” MKM Partners analyst Rob Sanderson wrote in a Friday note to clients. His chart shows Amazon, in the categories that the company serves, growing […]
Read moreA legal battle between Apple and supplier Qualcomm is getting nasty, but the drama hasn’t dethroned Apple in the eyes of Wall Street. Qualcomm waged another battle against the world’s most valuable public company on Thursday, suing to bar U.S. iPhone imports on the grounds of patent infringement. This week’s lawsuit was the latest in […]
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Goldman Sachs warned its clients that if President Donald Trump does implement a protectionist trade policy, it could start a global trade war and lead to a market drop. The firm mentioned recent news reports that the administration may be considering tariffs on imports. In the event of a trade conflict, the bank recommends investors […]
Read moreJefferies is predicting that PepsiCo will beat its estimate for second quarter earnings per share despite indications of soft core sales and continued troubles in emerging markets. “Emerging market malaise persists and US Nielsen data was notably soft, which we expect to drive tepid ~2% org sales growth in 2Q,” Jefferies analyst Kevin Grundy wrote […]
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