Pick your potential stock market mover this week. The Trump–Kim summit could forge diplomatic ties between the U.S. and North Korea, meetings from the Fed and ECB will dictate changes in global monetary policy, and a decision on the Time Warner–AT&T deal sets precedent for any future M&A activity in media. There are a few […]
Read moreActivist investor Paul Singer’s Elliott Management on Monday revealed its latest target in the power and utilities space: Sempra Energy. If that pairing sounds familiar, it should. Last August, Singer played a pivotal role in Sempra’s purchase of Oncor, in the process, spoiling Warren Buffett‘s bid for the Texas utility. By threatening to launch a […]
Read moreTech giant Apple has updated its developer guidelines to explicitly ban “mining” cryptocurrencies like bitcoin. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources — all of which take place in bitcoin mining. “Apps, including any third party advertisements displayed within them, may not run unrelated […]
Read moreCompanies with healthy balance sheets like Home Depot and Nvidia are investors’ best bet as the rest of corporate America loads on debt to unsafe levels even as the Federal Reserve continues hike rates, according to Goldman Sachs. “Strong balance sheet stocks have historically outperformed weak balance sheet stocks during environments of rising leverage,” wrote […]
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Bitcoin‘s plunge below $7,000 to a two-month low indicates the cryptocurrency will have a difficult time recovering, technical strategists say. “The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC,” Robert Sluymer, technical strategist at Fundstrat Global Advisors, said in an email. For […]
Read moreRide-hailing apps, like Uber, have become known as safer alternatives to driving when intoxicated. Now the company is looking to learn a lot more about its late-night riders. Uber filed a patent application Thursday, first spotted by CNN, that envisions using machine learning to detect whether a potential passenger is behaving abnormally. The patent application […]
Read moreNomura Instinet is less bullish on further stock gains for Intel after talking to the chipmaker’s CEO, Brian Krzanich. The firm noted how the Intel executive did not limit the level of potential market shares losses to its competitor AMD. “We came away from a meeting with CEO Brian Krzanich last week believing that the […]
Read moreCurrency, United States Finance
Four years is a long time in soccer, but players, fans and nations have long memories. Brazil was last seen at a World Cup being well beaten by the Netherlands in the third-place playoff, which followed a humiliating 7-1 demolition from Germany in the semi-final. However, one study by Goldman Sachs sees retribution in Russia […]
Read moreNorth Korea’s Kim Jong Un may be willing to discuss his country’s nuclear arsenal with President Donald Trump on June 12, but that doesn’t mean the reclusive regime will curtail or halt existing programs, strategists told CNBC. Nuclear prowess is a crucial component of Pyongyang’s identity. The pariah state has even built monuments at nuclear […]
Read moreCurrency, United States Finance
Saudi Arabia, Abu Dhabi and Kuwait have pledged a $2.5 billion injection into Jordan’s central bank in an effort to stabilize the country, which is facing its largest protests in years and has already seen the removal of its former prime minister, Hani Mulki. The Gulf allies are delivering the five-year aid package in the […]
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