The gains in home prices took a slight breather in March. Nationally, values rose 6.5 percent annually, unchanged compared with February, according to the S&P CoreLogic Case-Shiller home price indexes. February’s reading was revised higher. Larger cities, however, are seeing bigger gains. The nation’s 10 largest metropolitan markets saw home prices increase 6.5 percent annually, […]
Read moreAmazon remains the long-term leader among industry titans, according to MKM Partners, with the e-commerce company set to nearly triple its share of the U.S. retail market over the next seven years. “We continue to view Amazon as the best long-term growth story among the mega-caps,” analyst Rob Sanderson wrote Tuesday. “Amazon continues to become […]
Read moreThe FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. The U.S. law enforcement agency urged the owners of many brands of routers to turn them off and on again, and download updates from the manufacturer […]
Read moreCurrency, United States Finance
ECB board member Mersch warns Germany on interfering with the central bank's powers
A key member of the European Central Bank (ECB) has fired a not-so-subtle warning to Germany over the central bank’s independence. Yves Mersch, an executive board member of the ECB’s monetary decision-making body since 2012, told the Frankfurt Finance Summit Tuesday, that the ECB’s flexibility and autonomy should not be challenged. “If some countries want […]
Read moreThe 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 […]
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