Kohl’s is “sleeping with the enemy” and that’s a good thing, according to Jefferies analyst Randal Konik. It’s no surprise Amazon has been dubbed the enemy of the retail world, stealing market share from traditional players, but some (including Nike and Sears) have decided it’s better to work with the e-commerce giant than clash and […]
Read moreFinancial markets have endured many bubbles over the centuries, from tulip mania in the 17th century to the dotcom bubble and, most famously, the real estate bubble that nearly capsized the global economy a decade ago. But the Presidential Twitter Bubble? No one in his position has ever talked up the stock market as much […]
Read moreU.S. companies stand to reap a “huge benefit” from the new Republican tax law, which includes a dramatic corporate rate cut, said the head of portfolio strategy at Merrill Lynch Wealth Management. “We’re anticipating at least earnings going up an additional 10 percent than where we were without the tax plan,” Mary Ann Bartels told […]
Read moreThere is still plenty of snow blanketing a wide swath of the nation’s neighborhoods, but the spring housing market is just around the corner. This year, it will be more competitive than ever, with the supply of homes for sale at record lows and rising mortgage rates threatening to make the situation even worse. President’s […]
Read moreNike shares will surge as its North American sales begin to grow again later this year after new products are introduced, according to one Wall Street firm. Wedbush Securities raised its rating on Nike shares to outperform from neutral. “We are increasingly confident the pricing pressure on Nike footwear is subsiding as comparisons begin to […]
Read moreInvestors looking to get a piece of the latest market surge poured cash into stock funds at the highest pace ever over the past four weeks. Mutual funds and ETFs that focus on stocks garnered $58 billion in fresh money during the period that ended Wednesday, according to Bank of America Merrill Lynch. The rush […]
Read moreA crucial vote in Germany on Sunday has the potential to derail stability in Europe and send the euro tumbling. The continent’s largest economy has been without a formal government for four months with long-term chancellor Angela Merkel unable to secure a ruling coalition. Last week, there appeared to be a breakthrough when it was […]
Read moreCurrency, United States Finance
Oil price rally will not persuade OPEC to end production cuts, analyst says
The recent uptick in oil prices is not likely to be enough to persuade OPEC to end production cuts this summer, Richard Mallinson, geopolitical analyst at Energy Aspects, told CNBC on Friday. Crude futures have climbed to highs not seen since the early days of a slump in December 2014, prompting some analysts to suggest […]
Read moreThe parent company of the Los Angeles Times is investigating allegations of inappropriate behavior by Ross Levinsohn, the newspaper’s CEO and publisher. The company, Tronc, began the investigation Thursday after a National Public Radio story detailed two sexual harassment lawsuits that named Levinsohn while he worked at Alta Vista and News Corp, as well as […]
Read moreAmazon is raising its monthly Prime membership rates roughly 20 percent. The premium membership that grants faster shipping and access to Amazon Video will now cost $12.99 per month, up from $10.99, according to the company’s membership page. The company is also raising the discounted student monthly rate from $5.49 to $6.49 per month for […]
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