Gold has stumbled during the past month, but that hasn’t made me any less bullish on the precious metal. The commodity has quietly fallen off the radar as it slipped by as much as 5 percent from its peak one month ago. I view this move differently from the rest of the market. Instead of […]
Read moreThis is the year that institutional money will come into the cryptocurrency market, thanks to the development of trading infrastructure, Tabb Group said Tuesday. “If 2017 was the year cryptocurrencies went mainstream, then 2018 is certainly shaping up to be the year they go institutional,” the capital markets research and consulting firm said in a […]
Read moreFord was downgraded by Piper Jaffray on Tuesday because the automaker is not doing enough to keep up with the technological disruptions happening in the auto industry. “We appreciate the focus on ‘fitness,’ as well as Ford’s newfound willingness to cull less profitable platforms,” wrote analyst Alexander Potter in a note to clients. “But with […]
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The Dow Jones industrial average has not closed below its 200-day moving average for 472 sessions, its longest stretch since its streak from 1984 to 1987 and its seventh-best on record. This time, the setup for markets looks a little different to times past, according to analyst Michael Bapis. “Fundamentally it looks good, and that’s […]
Read moreMorgan Stanley is getting more negative over profitability of Tesla’s Model 3 electric car. The firm’s analyst Adam Jonas slashed his price target to $291 from $376 for Tesla shares, roughly flat to the stock’s Monday close. “We are making material reductions to our earnings estimates to reflect lingering manufacturing issues with the Model 3,” […]
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We’ve been here before — and pretty recently at that — and it led to frustration: Stocks are bouncing nicely off the bottom of their months-long trading range and are making a run higher. The bulls are talking about an uptrend preserved and strong corporate fundamentals, while skeptics wonder why stocks have struggled despite all […]
Read moreCurrency, United States Finance
Kaspersky Lab to open Swiss data center to combat spying allegations
Moscow-based Kaspersky Lab plans to open a data center in Switzerland by the end of next year to help address Western government concerns that Russia exploits its anti-virus software to spy on customers. Opening the Swiss data center is the latest effort by Kaspersky, a global leader in anti-virus software, to parry accusations by the […]
Read morePresident Donald Trump on Monday defended his efforts to help a Chinese telecommunications company that violated U.S. sanctions “get back into business, fast,” despite criticism from Democrats and Republicans that the company poses a national security risk. “ZTE, the large Chinese phone company, buys a big percentage of individual parts from U.S. companies,” Trump tweeted […]
Read moreUber on Tuesday said it is taking steps to bring “transparency, integrity, and accountability” to its handling of sexual misconduct in the workplace and on the platform. The San Francisco-based ride-hailing company said it’s rolling back the use of forced arbitration agreements for employees, riders, and drivers. Giving victims of sexual assault or perceived sexual […]
Read moreCurrency, United States Finance
Political instability drags in Italy with populist parties split on key issues
Two Italian populist parties that are expected to lead the next government have asked for more time to reach a coalition agreement — prolonging political uncertainty that has enshrouded the country since early March. The Five Star Movement (M5S) and Lega — the former was the most popular single party at the March general election […]
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