While Wall Street has been focused on trade talks and diplomatic tensions over the summer, the U.S. dollar has quietly crept to its highest levels of the year. The DXY U.S. dollar index, which measures the greenback against a basket of currencies, has surged since April lows to hold year-to-date highs through July. Speaking with […]
Read moreThe decline in Cisco Systems shares last week is a good buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Cisco Systems shares, downplaying the competitive threat from Amazon in the switch business. The company’s stock declined 4.1 percent on Friday after a report by The Information that […]
Read moreU.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter. The Commerce Department said on Monday retail sales increased 0.5 percent last month. Data for May was revised higher to show sales rising 1.3 […]
Read moreWe all expect privacy, especially when it comes to our phones. But how do we feel about upholding the privacy of criminals and terrorists? And what should we do if the information needed to catch or prosecute a criminal – or potentially save lives – is locked away in someone’s encrypted phone? One problem the […]
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The biggest feature that’s included with Amazon Prime is its free, two-day shipping, which the company says is offered on hundreds of millions of items, along with same-day delivery on some items. But that’s not the only way to get stuff shipped to you to for free. If you don’t mind waiting a bit longer, […]
Read moreNetflix shares got a rare Wall Street downgrade from Buckingham Research Group on the day the online television and firm streaming provider is set to report second-quarter earnings. Buckingham downgraded the stock to underperform from neutral and lowered its price target to $301 from $333. The new target implies a 16 percent drop from Friday’s […]
Read moreFinancials haven’t had a good month. The sector has fallen by more than 1 percent in three of the past five weeks and sunk to the bottom of the S&P 500 for the past 30 trading days. One strategist is betting on a big bank comeback into year-end. “It’s going take just a little bit […]
Read moreCheck out which companies are making headlines before the bell: BlackRock – The asset management firm reported adjusted quarterly profit of $6.66 per share, 11 cents above estimates. Revenue also came in above forecasts. BlackRock’s overall profits were up more than 25 percent from a year ago, helped by increased fee revenue, larger profit margins, […]
Read moreA British diver involved in the mission to save 12 Thai boys and their soccer coach is considering legal action against Elon Musk after the Tesla boss labeled him “pedo guy.” Spelunker Vernon Unsworth had called a submarine crafted by a team of Musk’s technicians a “PR stunt.” Billionaire Musk had suggested the vessel — […]
Read moreCurrency, United States Finance
Trump claims US-Russia relations have ‘never been worse’ shortly before Putin meeting
President Donald Trump blamed “U.S. foolishness” for souring relations between Washington and Moscow on Monday, just hours before he is expected to sit down with Russian President Vladimir Putin. Trump said previous U.S. administrations — and not Moscow — were to blame for a steep decline in U.S.-Russia relations in recent years. “Our relationship with […]
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