Oil prices extended early losses on Monday, falling towards $69 a barrel, after Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, despite U.S. sanctions on the Middle Eastern country. “We want people to reduce oil purchases to zero, but in certain cases if people can’t do […]
Read moreUBS swapped out its pick of parcel delivery services Monday, raising its near-term outlook on UPS stock to a “buy” rating while lowering its rating on shares of FedEx to “neutral.” FedEx “is exposed to risk from tariffs and potentially slower trade activity,” UBS analysts wrote in a note. About 55 percent of FedEx revenue […]
Read moreThe price of bitcoin surged Monday after a report said that BlackRock has set up a working group to explore ways of taking advantage of the cryptocurrency market. The world’s most valuable virtual currency by market value jumped more than 4 percent to around $6,612, according to industry website CoinDesk, which tracks prices from a […]
Read moreTarget-date funds are all the rage among retirement investors, making it easy to spread money among stocks and bonds and to rebalance as conditions change. Total assets in this sector topped $1.1 trillion at the end of 2017, up from $158 billion at the end of 2008, according to Morningstar. But is this too much […]
Read moreWhile 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 […]
Read moreThe 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 […]
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