Apple shares will thrive this year due to tax reform, according to one Wall Street firm. Bank of America Merrill Lynch reiterated its buy rating and raised its price target to $220 from $180 for Apple shares, which is 25 percent above Tuesday’s closing price. It is also the highest target among major investment banks […]
Read moreWith the dollar index trading near a three-year low, one strategist sees further downside looming against major currencies like the euro. Though the dollar index recovered some of its losses on Tuesday and Wednesday, it traded near its lowest levels since January 2015, just above the 90 mark. Pressure on the greenback likely will continue, […]
Read moreBitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day Wednesday. The world’s largest cryptocurrency was trading at $9,958.31 at about 6:50 a.m. ET on Wednesday morning, and was down almost 12 percent in the last 24 hours, according to CoinDesk data. CoinDesk tracks prices […]
Read moreThe iPhone cycle will disappoint this year, according to one Wall Street analyst, who issued a rare downgrade of one of the market’s most popular stocks. Longbow Research lowered its rating for Apple shares to neutral from buy, predicting the company will ship less iPhones than expected in fiscal 2018. We are “seeing only a […]
Read moreIt’s a big day for bitcoin. The Cboe began trading the first bitcoin futures on Dec. 10, and that first contract expires Wednesday, and the initial CME contract expires on Jan. 26. Investors will be watching to see how smoothly the Cboe contract closes. Investors in many futures products will typically roll over their contract […]
Read moreChina’s Foreign Minister Wang Yi concluded his annual trip to Africa on Tuesday with a visit to the tiny island nation of Sao Tome and Principe, off the continent’s western gulf. Beijing’s interest in the archipelago, with its population of roughly 200,000, may seem unusual. But experts CNBC spoke to have suggested that Sao Tome […]
Read moreNorth Korean government-backed hackers are targeting South Korean cryptocurrency exchange customers using similar tactics to the cyberattack on Sony Pictures and the WannaCry ransomware, a report has revealed. The hacking group, known as Lazarus, used a number of methods to target people. One involved exploiting a security flaw in Hangul, a Korean-language word processing program, […]
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The U.S. government could shut down later this week and that could spell trouble for investors in the near term, history shows. CNBC analysis using Kensho found that the S&P 500 falls an average of 0.3 percent one week after the government closes its doors. The benchmark index also trades positive just 40 percent of […]
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THE great Sir Isaac Newton may have revolutionised our knowledge of the world but he still had his blind spots. He was sucked into the great mania of his day, the South Sea Bubble (pictured) and lost a lot of money. “I can calculate the motion of heavenly bodies but not the madness of people,” […]
Read moreIf your internet connection has been going down, your Google Home and Chromecast devices could be to blame. The issue initially seemed to be relegated only to those who owned the Google Home Max speaker and TP-Link Archer C7 router. New issues have been reported involving other devices by both companies, and with routers from […]
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