After a rough year so far, Target shareholders may have some hope, according to one Wall Street firm. MKM Partners raised its rating on the retailer to buy from neutral, citing the company’s successful online and new store format initiatives. Target is “looking like a better competitor to Amazon,” analyst Patrick McKeever wrote in a […]
Read moreThe four largest cell phone carriers in the U.S. are all deploying several portable cell towers to step up coverage for the massive crowds expected to gather during the solar eclipse. Verizon, AT&T, Sprint and T-Mobile will all be sending mobile cell phone units to towns, many of them in rural areas, where they expect […]
Read moreThe smart money got this one right. Alibaba shares are surging Thursday as the Asian e-commerce giant reported better than expected earnings results. Some of the biggest names in hedge funds bought Alibaba shares in the June quarter, according to required 13F filings with the Securities and Exchange Commission for the June quarter. The company […]
Read moreTensions in Washington may not derail an important piece of legislation that could drive stocks further into record territory, according to the manager of $400 billion in assets. Eaton Vance’s Eddie Perkin is betting that the Trump tax cuts will become a reality, and he’s positioning his portfolio to cash in on it. “There is […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – The retail giant reported adjusted quarterly profit of $1.08 per share, a penny a share above estimates. Revenue was also ahead of Street forecasts. Comparable-store sales in the U.S. were up 1.8 percent, in line with estimates, and Wal-Mart raised the lower end […]
Read moreAlibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion of everything from food […]
Read moreThe Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan’s Foxconn, the first vote on the deal by a chamber of the state’s Republican-controlled legislature. Foxconn, an electronics manufacturer formally known as Hon Hai Precision Industry Co., hopes to open a $10 billion plant […]
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Emerging market stocks look ready to run higher, going by chart analysis and economic fundamentals, according to a long-time investor. Tim Seymour, managing partner at Triogem Asset Management, pointed out that in the last week, the relative performance of the iShares MSCI emerging markets ETF — EEM — to the S&P 500 hit its highest […]
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“I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a […]
Read moreCurrency, United States Finance
Another country joins China and Japan in cracking down on bitcoin exchanges
Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals […]
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