The upcoming Apple iPhone 8 won’t be available to purchase until November or December, according to a report published on Monday. The news echoes most of what Wall Street has been expecting: That the iPhone 8 won’t launch in September, when new models are traditionally unveiled. Several Wall Street firms have pointed to delays, though […]
Read moreHome appliance maker Whirlpool is a bargain at $192 a share and could jump as much as 35 percent to $260 a share in the next year, according to a fund manager who owns the company’s shares, Barron’s reported. Stephen DeNichilo, portfolio manager of the Federated Kaufmann Large Cap fund, notes that Whirlpool has doubled […]
Read moreCurrency, United States Finance
This is why specialist beauty retailers might be your next investment
Consumers in U.S., Europe and the U.K. are increasingly favoring specialist retailers when purchasing their beauty products, a UBS report showed Monday. The shifting trend in consumer habits poses another threat to department stores at a time when they’re already being impacted by a growing preference for online shopping. “We see scope for a channel […]
Read more
Wall Street could see a pullback of 3 to 5 percent next month, strategist Katie Stockton told CNBC on Monday. “[It] depends on where support is at the time at which we’re looking for that pullback,” the chief technical strategist at BTIG said. “Right now, support for the S&P 500 is around 2,400. That’s the […]
Read moreThe owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach. Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary […]
Read moreBlackRock, the world’s largest asset-management firm, said Monday its exchange-traded funds business had a record quarter. The company said net inflows into its iShares business totaled a record $74 billion in the second quarter, pushing the unit’s assets above $1.5 trillion. “Growth was balanced among iShares Core funds, precision exposures and financial instruments, demonstrating that […]
Read moreA start-up called Desktop Metal has developed 3-D printers that can produce metal objects safely, in smaller spaces and for a lower cost than traditional manufacturing, which requires expensive machinery, lots of floor space and risky physical labor. The company just closed a $115 million round of venture funding to deliver its first batch of […]
Read moreA few days ago, Bill Simmons, Jim Miller and Bryan Curtis convened on Bill’s podcast to analyze and critique the recent moves at ESPN. Given that Simmons spent 12 years working at ESPN, Jim Miller wrote a book about the company and Bryan Curtis is an esteemed media critic, the three are certainly highly qualified […]
Read moreCheck out which companies are making headlines before the bell: Procter & Gamble – P&G is facing a proxy fight from Trian’s Nelson Peltz, who plans to seek a board seat at the consumer products giant. Such a move would make P&G the largest company ever to face a proxy battle. BlackRock – The asset […]
Read moreChina’s economy grew faster-than-expected in the second quarter of 2017 yet President Xi Jinping is likely to remain wary of risks ‘blowing up in his face’, Andrew Collier, managing director of Orient Capital Research, told CNBC Monday. “The overall message is Xi Jinping is desperate to avoid what he calls ‘risks in the system’ and […]
Read more