Few things unite a Republican stalwart like Roy Blunt and a Democratic firebrand like Claire McCaskill. But the prospect of a political win prompted the two U.S. senators to put aside their differences this week — and practically plead with Amazon to plop its new headquarters in their shared home state of Missouri. In doing […]
Read moreOPEC members are reportedly forming a consensus around extending their production cutting deal with other crude exporters by nine months, a move that would help to put a floor under oil prices. That would prolong the agreement among OPEC, Russia and other oil-producing nations to keep 1.8 million barrels a day off the market through […]
Read moreThe difficult year for Under Armour shareholders will improve due to a new sneaker launch, according to one Wall Street firm. Jefferies reiterated its buy rating for the sports apparel company’s shares, predicting Under Armour’s latest Stephen Curry product will be a big hit. “A phased launch, tighter allocations, fewer colorways and easy comps versus […]
Read moreApple and General Electric say they are working together to make it easier to write software that can track power plants and jet engines on Apple’s iPhones and iPads. The companies have come up with a tool for app developers to connect Apple’s iOS operating system more easily to Predix, the cloud-based software at the […]
Read moreAnalysts at Citi upgraded shares of Dow-component Merck to buy from neutral, noting they expect strong sales from its Keytruda drug. Keytruda is an immunotherapy drug used in cancer treatments. Citi increased its peak Keytruda sales forecast on the drug to $16 billion from $9 billion. “Merck’s success with Keytruda has clearly outperformed our initial […]
Read moreOnly 45 percent of American citizens have a passport, which implies that 55 percent of Americans only travel domestically. Slowly, however, Americans are warming up to the virtues of international travel, as 2016 was a record year for Americans traveling overseas. Similarly, many U.S. investors are disinclined to look outside of the United States for […]
Read moreElon Musk wants to put humans on the Mars in seven years but Richard Branson says he and fellow space-focused billionaire Jeff Bezos remain focused on the Earth. “Elon is absolutely fixated on going to Mars and I think it’s his life mission,” Branson said on “Squawk Box” on Wednesday. “Jeff and ourselves [at the […]
Read moreU.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department […]
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WHEN a revolution happens, the consequences are not obvious straight away. The British referendum on EU membership in June 2016 was seen as a revolt of ordinary people against a globalised elite. The politicians who led the Leave campaign did not seem to expect to win; as wags remarked, they were like “the dog that […]
Read moreCheck out which companies are making headlines before the bell: Chevron – The energy giant’s stock was downgraded to “market perform” from “outperform” at BMO Capital Markets after the stock reached the firm’s $120 per share price target. BMO said Chevron does have promising growth prospects but not enough to justify a widening valuation premium. […]
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