The worst is over for Roku shareholders this year, according to one Wall Street firm. Morgan Stanley raised its rating to equal-weight from underweight for Roku shares, citing the company’s strong performance in growing its streaming platform. “Roku benefits from strong secular tailwinds as consumer behavior shifts from viewing TV over traditional distribution (e.g. free-to-air […]
Read moreCheck out the companies making headlines before the bell: Apple – Apple will use OLED screens in new iPhone models planned for 2019, according to South Korea’s Electronic Times. Apple currently uses LCD screens in its phones. The news is helping boost the stock of OLED screen maker Universal Display. Bank of Montreal, Canadian Imperial […]
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How is the stock market set up heading into summer? It’s hard to make a confident case the summer of 2018 will either be “hot fun” or particularly cruel. The weight of the evidence tilts toward some more aimless knocking around, punctuated by a few bursts of excitement, and probably a couple of attempts by […]
Read moreAlibaba on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) for $1.38 billion, as part of the e-commerce firm’s push into offline services. The consortium includes Alibaba’s majority-owned logistics affiliate Cainiao Smart Logistics Network, Alibaba, and ZTO said in a joint statement without […]
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Oil begins a new week after ending the last with its worst losses in three months. Commodities traders shouldn’t worry, though, says one technician — the charts suggest more good news than bad. “At this point in time, the charts just look like a pullback within the context of a bigger uptrend,” Craig Johnson, chief […]
Read morePresident Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making. Negotiators, industry lobbyists, trade experts and lawmakers briefed on the talks described how precious […]
Read moreInvestment firm KKR will buy enterprise software provider BMC Software from an investor group, the companies said on Tuesday. The group includes Bain Capital Private Equity, Golden Gate Capital, GIC, Insight Venture Partners and Elliott Management. Citing a single source familiar with the deal, the New York Post reported last week BMC could be worth […]
Read moreQualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the […]
Read more“Fortnite” developer Epic Games is facing a copyright violation lawsuit from PUBG Corp, the creator of “PlayerUnknown’s Battlegrounds,” according to a report. PUBG Corp, a subsidiary of South Korean developer Bluehole, is suing Epic Games to determine whether “Fortnite” was copied directly from its own game, The Korea Times reported, citing an unnamed PUBG official. […]
Read moreThe Hungarian-born billionaire George Soros has offered a three-point plan in order to preserve the status of the European Union. Europe’s alliance has been under strain as bigger more powerful countries demand that those with struggling economies rein in their spending to reduce debt. This enforced austerity has led to high unemployment in countries such […]
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