Multiple analysts raised their price targets for Amazon shares due to growing optimism over the internet giant’s retail and cloud computing prowess. D.A. Davidson reiterated its buy rating and increased its price target for Amazon shares to $1,500 from $1,300, representing 29 percent upside to Wednesday’s close. It is the highest target out of the […]
Read moreApple has released a first-of-its-kind Heart Study app to research whether its Apple Watch can pick up a heart rhythmic disorder called atrial fibrillation — one of the most common causes of strokes and heart failure. People who sign up for the study will use the watch to monitor their heart rate and heart rhythm […]
Read moreExpress Scripts had a word of caution for Amazon as it weighs its push into the multibillion-dollar pharmacy market. “What [Amazon] will see is the magic isn’t in lower net prices to consumers. It’s getting the right drug to consumers and helping them navigate the system — all things we’ve built a business over 30 […]
Read moreApple is designing its own main power management chips for use in iPhones as early as in 2018, the Nikkei business daily reported on Thursday citing sources. Apple’s move would reduce its dependence on Dialog Semiconductor, that makes power-management chips for smartphone makers. “Based on Apple’s current plan, they are set to replace partially, or […]
Read moreIn the light of the rising popularity of cryptocurrencies, like bitcoin and ethereum, central banks around the world are busy experimenting with their own versions of cryptocurrency, or digital currency. China’s central bank announced in January that it has completed a successful trial run of transacting digital currencies among banks. Then in September, Japan, Sweden […]
Read moreChipotle Mexican Grill’s search for a new chief executive adds uncertainty to the restaurant’s earnings trends, according to William Blair, which downgraded the shares Thursday. Even if Chipotle finds a new CEO quickly, the addition of a new company leader often results in a costly few transition years, wrote analyst Sharon Zackfia. “While ultimately the […]
Read moreGap shares have gone up too far over optimism for strong holiday sales, according to a top Wall Street firm. Citi Research lowered its rating for Gap shares to sell from neutral, saying the retailer will face difficulties next year. “The stock is up nearly 40% over the past 3 months … We believe this […]
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Shares of Nvidia tanked as much as 11 percent from its recent intraday high, but Todd Gordon says this could just be the best time to buy. The TradingAnalysis.com founder said the charts are showing that Nvidia actually has room to rally before the stock enters overbought territory. Gordon pointed out that since 2002, the […]
Read moreIrish Prime Minister Leo Varadkar on Thursday named Foreign Minister Simon Coveney as deputy prime minister, replacing Frances Fitzgerald, whose resignation over a policing scandal on Tuesday allowed the government to avoid a snap election. Varadkar also appointed Heather Humphreys as Minister for Business, Enterprise and Innovation and Josepha Madigan as Minister for Culture. Source: […]
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Trump isn’t welcome in UK after sharing far-right videos, London mayor says
The mayor of London has called on U.K. Prime Minister Theresa May to cancel any plans for an official visit by U.S. President Donald Trump. The U.S. leader caused outrage in Britain on Wednesday after he used his Twitter account to share anti-Islam videos from a U.K. far-right group. A spokesman for the U.K. prime […]
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