General Electric is set for better performance as the company’s leadership works to break off segments of the business, according to analysts at Oppenheimer, who upgraded shares of the industrial conglomerate to perform from underperform Wednesday. The announced spin-off of GE’s health-care unit as well as the pending $11 billion merger of its transportation business […]
Read moreThe Russell 2000 hasn’t seen this kind of winning streak since 2013. After eight straight weeks of gains, history suggests small caps are flashing a big buy signal to all stocks. “We took a look at future returns after these long weekly win streaks on the Russell 2000, sure enough small caps continued to do […]
Read moreThe White House won’t be looking to block companies with 25 percent or more of Chinese ownership from buying certain U.S. tech-related companies. Instead, the government will rely on the newly strengthened Committee on Foreign Investment in the United States to deal with concerns about foreign purchase of sensitive domestic technologies, a senior administration official […]
Read moreCheck out the companies making headlines before the bell: Conagra – The food producer has reached a deal to buy Pinnacle Foods for $10.9 billion in cash and stock, with an implied value of $68 per share. CNBC had reported Tuesday that a deal was close. General Mills – General Mills reported fourth-quarter adjusted profit […]
Read moreBank of America gets even more bullish on Netflix: 'Still more upside for the new king of all media'
One Wall Street firm is getting more bullish on Netflix shares, even after the stock’s stunning performance so far this year. Bank of America Merrill Lynch raised its price target to $460 from $352 for Netflix shares, predicting the streaming video giant will reach 360 million subscribers by 2030. The company’s stock closed at $399.39 […]
Read moreCurrency, United States Finance
North Korea making ‘rapid’ improvements to nuclear reactor despite Trump-Kim agreement
North Korea is upgrading its only known nuclear research facility, satellite imagery has shown, despite ongoing negotiations with multiple world leaders and a pledge to abandon its weapons program. The satellite photos, obtained by North Korea analysis outlet 38 North, indicate that the isolated regime is making numerous improvements to its Yongbyon Nuclear Scientific Research […]
Read moreIn September 2017, London transport regulators failed to grant Uber a license to operate in the British capital. It said the U.S. ride-hailing giant was not “fit and proper” to hold a license and raised concerns over its corporate culture and safety procedures. Chief Executive Dara Khosrowshahi, who was less than a month into the […]
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‘Very damaging’: Trump’s tariffs on autos expected to hit German growth
European carmakers could see their revenues seriously impacted if President Donald Trump presses ahead with new tariffs, analysts told CNBC. “New tariffs on EU cars would have a significant impact … The United States is the biggest and highest margin market for them. It could mean a significant 7 to 10 percent hit on 2019 […]
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Europe’s divisions over migration likely to be exposed as leaders meet
The thorny issue of migration will dominate a summit of EU leaders Thursday with divisions rife between the bloc’s 28 members over how they should tackle the crisis. The European Council, the EU’s decision-making body that is hosting leaders in Brussels, says that it is “intensifying efforts to establish an effective, humanitarian and safe European […]
Read moreA massive shortage of food-grade carbon dioxide (CO2) has ratcheted up fears of disruption to Europe’s meat and fizzy drink supplies. A shortfall of CO2 in Europe comes at a time of excitement over the World Cup soccer tournament and amid peak season for summer barbecues. The ill-timed crisis has subsequently prompted several big name […]
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