Warren Buffett‘s failure to clinch a $9 billion takeover of the Texas utility Oncor prompted S&P Global Ratings on Tuesday to say the billionaire’s Berkshire Hathaway is no longer at risk of a credit rating downgrade. S&P affirmed Berkshire’s “AA” rating, its third-highest grade, with a “stable” outlook after Sempra Energy struck an agreement with […]
Read moreBroadcom shares are poised for a boost because the chip maker recently had big design wins, including components for the next iPhone, said a JPMorgan analyst in reiterating his overweight rating. The company is slated to report fiscal third-quarter financial results Thursday after the market close. Broadcom should beat estimates by JPMorgan and the rest […]
Read moreRetailers are selling more flowers, fruit and other produce than ever before. Now, a start-up called Iunu is helping greenhouse growers fulfill that demand by using computer vision, the same technology found in self-driving cars or used in facial recognition. Seattle-based Iunu has been quietly operating in the agriculture industry since it was founded in […]
Read moreU.S. Secretary of State Rex Tillerson on Tuesday welcomed what he called the restraint North Korea has shown recently with its nuclear weapons program and said it could mean a path is opening to a possible dialogue between Washington and Pyongyang. “We have had no missile launches or provocative acts on the part of North […]
Read moreWall Street may finally be warming a bit to Snap. On Tuesday, the stock price rose more than 6 percent — if Snap holds those gains, it will have ended in the green for five of the past six sessions. The jump came amid a forecast that fewer teens would use Facebook this year, opting […]
Read moreThe S&P 500 utilities sector just hit all-time highs, and some strategists see further upside for the group of stocks that’s already gained 12 percent so far this year. Equities in the utilities space, typically seen as defensive plays and bond proxies given their high yields, have rallied this year for several reasons, but one […]
Read moreWhole Foods‘ shareholders are preparing to vote on Wednesday to approve the one of the most-talked-about acquisition of the year. As Amazon looks to seal the deal, once approvals are finalized, the internet giant will go from operating a handful of Amazon-branded book stores and a pilot Amazon Go location in Seattle, to having more […]
Read moreThe United States should “immediately correct its mistake” of imposing unilateral sanctions on Chinese companies and individuals to avoid damaging bilateral cooperation, a Chinese embassy spokesman said on Tuesday. Washington announced new North Korea-related sanctions on Tuesday, targeting Chinese and Russian firms and individuals for allegedly facilitating Pyongyang’s weapons programs. “China opposes unilateral sanctions out […]
Read moreWells Fargo raised its year-end S&P 500 price target citing strong overseas growth and strong second-quarter earnings. The new forecast still calls for lower prices from here. “Earlier this year, we had concerns that investors might fret over potential for a 2018 pickup in inflation and interest rates,” wrote Paul Christopher, Wells Fargo’s head global […]
Read moreAs the Jackson Hole Economic Policy Symposium nears, two strategists are watching the Federal Reserve’s approach to balance-sheet reduction for its potential impact on the markets. The main worry for UBS chief investment strategist Mike Ryan is a disorderly shedding of assets from the Fed. “The concern has always been that they’d do it in […]
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