If can surf through content by voice, too. On each screen, each app or selection is labeled with a small number. If you’re looking through a page full of comedy movies, for example, you can select one by saying “Alexa, select number 5.” Or you can move on to a new page of movies by […]
Read moreMartin Sorrell has explained WPP’s succession plan following his resignation as chief executive of the advertising agency group in April, an abrupt departure he likened to being “hit by the bus.” Speaking at an event during the Cannes Lions International Festival of Creativity in France, he said: “Nobody believed there was a succession plan.” “For […]
Read moreMicron Technology’s third-quarter profit and current-quarter forecasts beat Street’s expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply. The company has been selling more memory chips at higher prices as customers look to store data and apps in smartphones and companies shift to […]
Read moreGoldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. “We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates,” the Goldman […]
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An underlying trend may be insulating the market from a sustainable decline. Based on charts of the S&P 500, Nasdaq and Russell 2000, the Bespoke Investment Group’s Paul Hickey used a technical indicator called the advance/decline line to show market breadth is positive — a sign that supports expectations of higher stock prices. “What you […]
Read moreCheck out the companies making headlines before the bell: Kroger – The supermarket operator beat forecasts by 10 cents a share, with adjusted quarterly profit of 73 cents per share. Revenue beat forecasts, as well. Same-supermarket sales excluding fuel rose 1.4 percent from the prior year. AT&T – AT&T unveiled a $15 per month video […]
Read morePivotal Research Group became on Thursday the second Wall Street research firm to slap a $500 price target on Netflix this week as analysts’ love for the stock hits a fever pitch. Analyst Jeffrey Wlodarczak raised his 12-month price target on the video-streaming giant to $500 from $420 per share. Wlodarczak’s new price target implies […]
Read moreCurrency, United States Finance
The Swiss National Bank (SNB) has said it is prepared to intervene in currency markets if it deems that the Swiss franc has gained too much strength. The central bank kept its main borrowing rate in negative territory Thursday as it acknowledged the risks of global trade friction and political change in Italy. Since April, […]
Read moreCurrency, United States Finance
De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week. Saudi Arabia’s Energy Minister Khalid al-Falih said Thursday that as the world is likely to face a large oil supply deficit in the second half of 2018, a substantial production […]
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GE got dealt a major blow this week after getting the boot from the Dow. This looks like a buy to investors with the stomach to endure a bumpy recovery, says one market watcher. “I would be a buyer, but with a caveat,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told […]
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