Despite a host of challenges facing consumer staples, Coca-Cola, Pepsi and Dr Pepper Snapple Group all buying opportunities, according to Deutsche Bank. With analysts across Wall Street cautious on the space due to new competition and pricing pressure, analyst Steve Powers argues that traditional beverages companies are up to the task. “The door has opened […]
Read moreApple‘s most powerful computer ever, the iMac Pro, is now available for purchase. The iMac Pro was announced earlier this year and packs up to 18 processor cores, a 27-inch Retina 4K display, and is the first Mac ever to support virtual reality. The iMac Pro will work with the HTC Vive virtual reality headset. […]
Read moreMainstream market forecasters are taking a serious look at the bitcoin boom — noting a bust could cause collateral damage in the stock market. Nuveen Asset Management’s Bob Doll is one of them. He acknowledges that a potential cryptocurrency crash could have a spillover effect, even though it’s not included in his official 2018 stock […]
Read moreThe FCC, led by Trump-appointed Chairman Ajit Pai, is set to vote on Thursday on whether or not to uphold the Obama-era “Open Internet Order,” better known as “net neutrality” regulations. The decision will determine how we use the internet, affecting how small start-ups launch and how big businesses charge customers. Here’s what you need […]
Read more[The stream is slated to start at 08:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Mario Draghi is speaking in Frankfurt, Germany, following the central bank’s monetary policy decision. The ECB decided Thursday keep its monetary policy unchanged and said that […]
Read moreInvestors should buy Lululemon shares because of its growth prospects overseas, according to one Wall Street firm. Deutsche Bank raised its rating for the apparel retailer’s shares to buy from hold, predicting Lululemon will report sales above expectations. The call sent the stock up 2 percent during Thursday’s premarket session. “Lululemon drives enormously strong customer […]
Read moreCheck out which companies are making headlines before the bell: Twenty-First Century Fox – Fox announced a deal to sell film and TV assets to Walt Disney for $52.4 billion in stock. The companies expect the transaction to close by June 30, 2018. CBS – Stephens began coverage of CBS with an “overweight” rating, focusing […]
Read moreAs the bull market heads into its ninth year, the list of potential risks that could stop its run is growing. The wall of worry starts in Washington, but the sources of potential risk come from around the globe — including North Korea, China and the Middle East. Domestically, the Alabama senate race this week […]
Read moreNow that Walt Disney is about to own the lion’s share of Hulu thanks to its deal with Twenty-First Century Fox, the smartest move may be … to leave it the way it is. Disney agreed to a deal Thursday to acquire parts of Twenty-First Century Fox’s business in a deal worth $52.4 billion in […]
Read moreDisney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox’s movie studios, network Nat Geo, Asian pay-TV operator Star TV, stakes in Sky and Hulu and regional sports networks. The acquisition bolsters Disney’s plans to become a dominant streaming service platform, […]
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