Metals manufacturer Arconic shares spiked on Monday after a report released from the Wall Street Journal said the company was drawing interest from private equity firms. Shares were up as much as 11 percent Monday, making it the biggest gainer in the Standard & Poor’s 500 index. According to a report from the Wall Street […]
Read moreThe 12 Russian operatives indicted by the Justice Department waged a campaign of well-executed espionage and novel technical engineering, coupled with rudimentary computer attacks. That last part is key. Their tools may have been top-notch and their manipulation may have been slick, but the mode of entry was old-school and beatable, according to experts. According […]
Read moreAMD’s new chips will boost the company’s profit margin in its third quarter, according to Stifel. The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s shares. The new price target is 29 percent higher than Friday’s closing price. On Thursday IDC said preliminary […]
Read moreBlackRock’s Larry Fink said Monday he is concerned that the overall stock market is being driven up by just a few technology shares. The S&P 500 is up nearly 5 percent, but the lion’s share of that gain comes from a small number of technology stocks. Amazon, Netflix, Microsoft and Apple are responsible for 83 […]
Read moreIt may be a bumpy road for Netflix as the streaming giant prepares to report its latest quarterly earnings. Netflix is scheduled to report its Q2 earnings after the bell on Monday. It is expected to post earnings per share of 0.79 cents and revenue of $3.94 billion, per a Thompson Reuters consensus estimate. The […]
Read moreStocks still have plenty of room to run, but there is some risk ahead for investors, Guggenheim Partners Executive Chairman Alan Schwartz warned on Monday, “We’re in the eighth or ninth inning of the bull market. Those innings can be strong,” said Schwartz, the former CEO of Bear Stearns, which nearly collapsed during the 2008 […]
Read moreIt’s the moment we’ve all been waiting for. Today, the longest ever Amazon Prime Day begins. From Monday, July 16 through Tuesday, July 17, deals will be widespread across the site. But while deal days are an opportunity for consumers to snag items at low prices, they can also be a trigger for over-shopping. Since […]
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Amazon’s annual shopping holiday is a significant positive driver for the company’s e-commerce leadership and even its stock price. Cowen told its clients the company’s Prime Day is a key benefit for its Prime subscriber base. Only Amazon Prime members can take advantage of Prime Day discounts, which starts Monday 3 p.m. EDT this year. […]
Read moreMicrosoft has made progress in important ways following changes instituted in its sales organization last year, according to executives there. Investors seem to like whatever the company has been doing. Microsoft’s stock has continued to hit all-time highs in recent weeks, like other tech giants Alphabet, Amazon, Apple and Facebook. And the company is gaining […]
Read moreInvestors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE—imposed […]
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