The newly combined AT&T-Time Warner is looking to reinvent advertising — but to do so, it needs to buy more technology, AT&T Advertising and Analytics CEO Brian Lesser told CNBC on Wednesday. Lesser, who spoke on “Squawk Box” from the Cannes Lions advertising and marketing festival in France, dodged questions about a Wall Street Journal […]
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Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment. Citi shares are down 17 percent from their 52-week high hit in late January, underperforming Bank of America and J.P. Morgan Chase by 9 percent over […]
Read moreThe number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that […]
Read moreThe Dow is on its longest losing streak in more than a year as the U.S. and China try to top each other’s tariff threats in an escalating trade conflict. But David Spika, president of GuideStone Capital Management, says a far larger risk looming over markets could trigger a “day of reckoning.” “Fears of a […]
Read moreWalt Disney Co. raised its bid for Twenty-First Century Fox‘s movie and television assets to $71.3 billion, the companies announced on Wednesday. The new deal is $38 a share, up from Disney’s $28 a share offer in December, and rivaling Comcast‘s $35 a share all-cash bid last week. Comcast’s deal is valued at $65 billion. […]
Read moreStarbucks’ growth trends will not turnaround anytime soon after the company’s sales guidance reduction, according to Morgan Stanley. The firm lowered its rating to equal-weight from overweight for Starbucks shares, citing the deteriorating sales growth in China and the U.S. On Tuesday Starbucks lowered its global third-quarter same store sales growth forecast to 1 percent […]
Read moreIs someone advising President Trump that this may be a good time to push for tariffs and the threat of a trade war? On the surface, it doesn’t seem to make much sense for the stock market. The two quarters we are in now (second and third) leading to the November midterm elections are the […]
Read moreThe stock market may be on the verge of an even deeper decline. Federated Investors’ Phil Orlando is out with a note suggesting a cruel summer for stocks has arrived. “We’re expecting an air pocket here that will take the market down to let’s say the 200-day moving average over the summer months,” the firm’s […]
Read moreCurrency, United States Finance
OPEC set for a collision course over production policy ahead of landmark meeting
OPEC kingpin Saudi Arabia is struggling to convince some of the world’s largest oil producers over the need to increase oil output ahead of a key meeting on Friday. The Middle-East-dominated oil cartel is not scheduled to make a decision over production policy until later this week, although the gathering of OPEC and other exporters […]
Read moreCheck out the companies making headlines before the bell: Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs. General Electric – […]
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