Bank of America Merrill Lynch added Tiffany & Co. to its US 1 list, a collection of the corporation’s favorite investment ideas. Analyst Lorraine Hutchinson provided several reasons why investors should consider buying Tiffany, including a management and board overhaul as well as an increased focus on innovation. Tiffany shares jumped nearly 2 percent in […]
Read moreKroger CEO Rodney McMullen acknowledged that the grocery industry is changing rapidly, and he’s touting his company’s ability to adapt. In the wake of Amazon’s plan to acquire Whole Foods, some have speculated that the pace of change will only accelerate in the sector. Some have even suggested Kroger should make a counteroffer for the […]
Read moreConsidering that U.S. President Donald Trump and German Chancellor Angela Merkel are known for their frosty relationship, one major political voice in Germany called for a rapprochement between two of the world’s biggest economies. “What (Germany) shouldn’t do is take an anti-American course,” Ralf Stegner, deputy leader of the center-left opposition Social Democratic Party (SPD), […]
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A sharp drop in bullish bets on oil prices could be a contrarian signal that crude futures don’t have much further to fall and may have even finally hit bottom. Speculative bets that U.S. crude prices will rise surged earlier this year, creating a crowded trade that was eventually undercut by higher-than-expected output growth from […]
Read moreThey’re as common as bathrooms and, at this point, about as vital to everyday life: ATMs, or Automatic Teller Machines, which date back to 1967 and which, in their current form, enable consumers to withdraw and deposit cash, transfer money, check balances and balance checks, all without setting foot inside a bank. In honor of […]
Read moreSome countries celebrate their anniversaries with fireworks and sparklers. For Canada‘s 150th, the mint is bringing the light show to its money. A new glow-in-the-dark coin is the first of its kind entered into circulation, according to the Royal Canadian Mint. The CA$2 “toonie” features a view of the blue-green aurora borealis above two canoeists […]
Read moreHackers have caused widespread disruption across Europe, hitting Ukraine especially hard. Company and government officials reported serious intrusions at the Ukrainian power grid, banks and government offices. Russia‘s Rosneft oil company also reported falling victim to hacking, as did Danish shipping giant A.P. Moller-Maersk. Other Ukrainian companies reporting issues include the aircraft manufacturer Antonov and […]
Read moreThe brains behind IBM‘s Jeopardy-winning, disease-tracking, weather-mapping Watson supercomputer plan to embark on a lobbying blitz in Washington, D.C., this week, hoping to show federal lawmakers that artificial intelligence isn’t going to kill jobs — or humans. To hear IBM tell it, much of the recent criticism around machine learning, robotics and other kinds of […]
Read moreClosely followed trader Art Cashin told CNBC on Tuesday that Wall Street could be “in a bit of trouble” if tech stocks fail to rebound soon. “The reversal yesterday was a bit ugly. There were various rumors around it. Some even tried to attribute it to the Supreme Court allowing the president’s travel ban,” UBS’ […]
Read moreEuropean regulators handed Alphabet a fine of 2.4 billion euros (about $2.7 billion), the record-breaking result of a seven-year-long investigation into Google’s shopping and search practices. And one top European official said that the rare, massive fine is commensurate with the unprecedented degree to which Google has abused the law. “The fine is a reflection […]
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