Facebook shares fell in the premarket Tuesday after the earnings report for internet competitor Alphabet disappointed investors, who sent shares of the Google-parent down more than 3 percent. But Citi Research believes these investors are wrong and that actually a figure within the Alphabet’s earnings report points to a better-than-expected result from Facebook when the […]
Read moreAmazon isn’t just going after retailers and grocery stores. It’s capturing a bigger share of the business supplies space as well. Amazon Business, a business marketplace launched in 2015, now has over one million customers, more than tripling in size from last May, Amazon announced Tuesday. It also said there are more than 85,000 sellers […]
Read moreAllegations of industry collusion between Germany’s car manufacturing industry is not likely to spill over into a major global legal threat, Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. German news magazine, Der Spiegel, reported Friday that Volkswagen, Audi, BMW, Porsche and Daimler may have been engaged in an […]
Read moreUBS said in a note to investors on Tuesday that it’s reiterating its buy rating on Apple with a 12-month price target of $170. The bank believes the upcoming iPhone 8 has the potential for huge sales because of expected upgrades from phones sold in fiscal 2015. Shares of Apple were up 1.4 percent to […]
Read moreCheck out which companies are making headlines before the bell: 3M – The diversified consumer products maker earned an adjusted $2.25 per share for the second quarter, falling short of the $2.54 consensus estimate. Revenue also missed forecasts, although the company did raise its full-year outlook. United Technologies – The maker of Pratt & Whitney […]
Read moreAfter a horrible start to the year for Under Armour shareholders, a top Wall Street firm says there is no turnaround in sight for the sports apparel company. Deutsche Bank lowered its rating for Under Armour shares to sell from neutral, citing the increasing product discounting at retail stores. Under Armour shares fell 2.7 percent […]
Read moreThe U.S. House of Representatives is expected to pass a bill on Tuesday which will make it harder for President Donald Trump to ease sanctions on Russia without approval from Congress. The bill comes after a rare show of unity between congressional Republicans and Democrats and signifies another blow to Trump’s hopes for a rapprochement […]
Read moreThe European Central Bank (ECB) needs to beware of raising interest rates too quickly as there are a significant number of “zombie firms” in Europe that have become too dependent on cheap credit, according to analysis by the Bank of America Merrill Lynch. Barnaby Martin, head of European Credit Strategy at BofA Merrill Lynch, said […]
Read moreVirgin Money’s CEO has said the challenger bank is optimistic for the future of its digital banking platform, and that a balance with physical branches and face to face customer interaction remained paramount to its model. The bank reported strong profits and a positive outlook in its first half results on Tuesday on the back […]
Read moreThe FTSE 100 might be your best investment option amid growing domestic volatility in the U.K. economy, analysts at JP Morgan said. There are three reasons increasing the attractiveness of U.K. stocks: global valuations are too high, U.K. valuations are cheap and they’re affected by global growth, which looks solid at the moment. “Despite popular […]
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