The abrupt resignation of Equifax CEO Richard Smith on Tuesday is a smart move for the credit-report service company, according to one Wall Street firm. “We believe the immediate retirement is a political positive for the company,” Cowen financial services policy analyst Jaret Seiberg wrote in a note to clients Tuesday. “Our view has been […]
Read moreTax and trade, the two big economic policy debates in the US right now, have long been viewed mainly through the lens of the country’s largest public companies. Their leaders want lower taxes, and claim that if the corporate rate were slashed from 35 per cent to 25 or 20 per cent (or better yet […]
Read moreTesla cars are set to be a far more common sight on roads around the world, says Morgan Stanley analyst Adam Jonas. The total number of Tesla vehicles out in the wild will grow by about 100 times through the year 2040, which has implications for investors and poses some potential challenges for Tesla’s service […]
Read moreMicrosoft CEO Satya Nadella spoke to CNBC’s “Squawk Alley” on Tuesday. “You don’t want to change everything,” Nadella told CNBC’s Jon Fortt. “You want to change the things that really matter.” Nadella took over from Steve Ballmer as Microsoft’s CEO in February 2014. It’s a big week for Microsoft: The company is announcing a slew […]
Read morePorsche may be known for powerful cars, but these days it wants to be known for cars with even more powerful electric motors. While we wait a couple more years for the fully electric Mission E, here’s a quick, plug-in Porsche that just happens to have a five-seat wagon. This is the Porsche Panamera Turbo […]
Read moreLabor market disparities in the U.S. economy are curbing the nation’s long-run potentialgrowth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish inequality. “To the extent that disparities in income and wealth across race, ethnicity, gender, or geography reflect such disparities in opportunity…the […]
Read moreSpace company Rocket Lab announced plans Tuesday for the second of three test flights. Final vehicle tests begin next month, the New Zealand-based company said. The window for the launch from Rocket Lab’s complex on New Zealand’s Mahia Peninsula will open a few weeks after completion of the tests, it said. The mission involves deploying […]
Read moreGoogle may spin out its shopping service in light of antitrust concerns in Europe, Bloomberg reported on Tuesday. Google was not immediately available to comment on the report. Shares of Google’s parent company, Alphabet, were little changed after the report, up about half a percent. EU regulators fined Google a record 2.4 billion euros ($2.7 […]
Read moreSales of new U.S. single-family homes unexpectedly fell in August, hitting their lowest level in eight months, the latest indication that the housing market was slowing. The Commerce Department said on Tuesday new home sales decreased 3.4 percent to a seasonally adjusted annual rate of 560,000 units last month, which was the lowest level sinceDecember […]
Read moreA key reason for Apple’s outperformance this year was investor anticipation for a big upgrade cycle from this year’s more innovative iPhone models. Now one Wall Street firm says the so-called “supercycle” may not happen, but strong demand for the $1,000 iPhone X will boost the company’s earnings next year instead. The iPhone X will […]
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