General positivity about Europe’s financial sector is not expected to last long, according to two asset managers, who have warned that banks might not be the best investment option over a longer period. “I can put my equity money into better companies where I get a better return, so I am quite happy to leave […]
Read moreStarbucks‘ strong growth in China will be overshadowed by slowing sales in the U.S., an analyst at Bernstein said Monday. “The business mix is clearly shifting toward China … just not fast enough to offset the US,” analyst Sara Senatore said in a note to clients. “While we think SBUX’s China business can contribute meaningfully […]
Read moreThe majority of U.S. grocery shoppers could be buying online within five years, according to a joint report from Food Marketing Institute and Nielsen. That timeline represents a faster pace of adoption than previously believed, as both organizations originally estimated it could take up to 10 years for consumers to warm up to buying groceries […]
Read moreCurrency, United States Finance
The UK's ‘lack of direction’ is a cause for concern as Brexit talks enter final stage, analysts say
The British government’s “refusal” to discuss and outline the U.K.’s post-Brexit relationship with the European Union is alarming, analysts and policymakers told CNBC on Monday. With the final phase of negotiations set to receive the green light Monday afternoon, Prime Minister Theresa May’s government appears lacking in unity and without a detailed plan, they said. […]
Read moreAmazon will be able to compete against Google and Facebook in the internet ad business, according to one Wall Street firm. Citi Research reiterated its buy rating for Amazon shares, predicting strong growth for its internet advertising business. “Amazon is one of the highest quality companies in the Internet sector considering its consistent innovation and […]
Read moreThe S&P 500 is trading in a way it hasn’t for decades. The benchmark index has closed at records 14 times during the past 18 trading days. That’s its most records in any month since June 1955, according to Ryan Detrick, senior market strategist at LPL Financial. But, that’s not the only impressive stat to […]
Read moreApple‘s stock dipped slightly in premarket trading Monday after a report said it would halve production for the iPhone X in the first three months of 2018. The tech giant told suppliers it would cut its production target for the phone from 40 million units to 20 million, following slower-than-expected sales in the year-end holiday […]
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There is no set definition of a market melt-up. But it’s fair to say that we’re in one, or close. If a melt-up is a sharp upward acceleration in stock prices from already-high levels with few pauses or pullbacks along the way and a rush of public enthusiasm, that roughly describes today’s market. When some […]
Read moreJapan’s financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record. The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling […]
Read moreCurrency, United States Finance
Apple is about to halve its first-quarter iPhone X production target
Apple has notified suppliers that it will halve its iPhone X production target for the first quarter to around 20 million units, Nikkei reported on Monday without citing a source. The cut was prompted by slower-than-expected sales in the holiday shopping season in Europe, the United States, and China, Nikkei reported. The report added that […]
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