Jefferies is encouraging investors to buy U.S. financials in light of recent stress-test successes and fading regulation under the Trump administration. The firm highlighted Huntington Bancshares, Bank of America, US Bancorp and Keycorp as favorite stock picks. The Fed’s 2017 Comprehensive Capital Analysis and Review stress-test results were positive, with an average total capital payout […]
Read moreThe Federal Reserve could have an impact on trading when it releases the minutes from its last meeting Wednesday afternoon, particularly if it appears confident that it could raise interest rates again this year. The Fed is also likely to provide some insight into its plan to unwind its $4.5 trillion balance sheet, which many […]
Read moreNew analyst notes from Citi and Instinet suggest there’s pent-up demand among consumers for the Apple iPhone 8, which is expected to launch this fall. The demand for Apple’s unannounced new smartphone may hurt sales of this year’s iPhone 7 in the months leading up to the next iPhone’s launch, the firms said. “U.S. telcos […]
Read moreCurrency, United States Finance
G-20 meeting could make a 'big difference' to Trump’s credibility: BlackStone vice chair
This week’s G-20 meeting in Germany offers the U.S. president an opportunity to meet with world leaders on a one-to-one basis, which will help his credibility, according to John Studzinski, vice-chairman of investment firm The BlackStone Group. President Donald Trump will arrive in Poland later today, before heading to Hamburg in Germany for the G-20 […]
Read moreWhile the name of this growing threat might sound funny, being a victim of it is no joke. Similar to a “phishing” scam — where computer users receive an authentic-looking email that appears to be from their bank, Internet Service Provider (ISP), favorite store, or other organization – “smishing” messages are sent to you via […]
Read moreAmazon announced it will be creating 1,500 full-time jobs at its Salt Lake City, Utah fulfillment center on Wednesday. “We are excited to continue growing our team with the first fulfillment center in Utah,” said Akash Chauhan, Amazon’s Vice President of North American operations. The hourly associates will receive a competitive salary and a comprehensive […]
Read moreAfter a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor. Automakers said this week that sales dropped in June for a sixth consecutive month, falling by 3 percent from a year ago, a […]
Read moreA coalition of Arab countries are poised to announce whether to escalate or abandon sanctions against Qatar on Wednesday, a month after they severed ties with the Gulf state. Foreign ministers representing Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain met in Cairo on Wednesday, a day after the deadline expired for Qatar […]
Read moreAmazon is bringing back its Alexa voice deals for Prime Day this year. The company is enabling more than 100 special deals for Alexa users that use their voice to shop on Prime Day. Amazon’s annual Prime Day sale begins on July 11th this year, and voice shoppers will also get access to special deals […]
Read moreChinese e-commerce giant Alibaba has jumped into the smart home speaker space. The company on Wednesday launched a device called the Tianmao JinglingX1 (Tmall Genie X1). It’s Alibaba’s version of Amazon’s popular Echo device. The X1 is available only in China and speaks only Mandarin. It was only a matter of time, as voice-activated personal […]
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