Barclays is saying the cryptocurrency mining-driven demand for AMD’s graphics cards will not last and is telling investors to avoid the chipmaker’s shares. The bank’s semiconductor analyst Blayne Curtis reiterated his underweight rating and his $9 price target for AMD, representing 33 percent downside from Monday’s close. “We are revisiting AMD’s last earnings release with […]
Read moreJPMorgan Chase CEO Jamie Dimon stopped short of saying the bond market is on the cusp of a collapse, but said he wouldn’t personally buy any long-term government debt. “I’m not going to call it a bubble, but I personally wouldn’t be buying a 10-year sovereign debt anywhere in the world,” he told CNBC on […]
Read moreAccording to science, men and women are not all that different, says organizational psychologist and top-ranked Wharton business school Professor Adam Grant. “It’s time to stop making mountains out of molehills. If men are from Mars, it looks like women are too,” Grant says, riffing off the iconic book, “Men are from Mars, Women are […]
Read moreBank of America Merrill Lynch strategists are expressing an increasingly common sentiment on Wall Street — still on board the stock market train but increasingly skeptical about what’s fueling the run. In that environment, BofAML recommends high-quality bonds and financial stocks as outperformers. “Investors may be well served by locking in some profits in U.S. […]
Read moreJefferies reined in expectations for back-to-school sales after its consumer survey showed a ‘marked shift’ in customer intentions to buy apparel this fall. Jefferies surveyed over 500 consumers to gauge shopping intentions for the 2017 back to school season and concluded that department stores and specialty apparel are set for the most cutbacks. “Respondents anticipate […]
Read moreIf it seems that the Dow keeps posting record highs and strings of positive trading days, that’s because it is. The Dow Jones industrial average has climbed for 10 straight days through Monday, for its second winning streak of 10 days or longer this year (after its 12-day win streak in February). That means that […]
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THERE is a new way to travel between Los Angeles and San Francisco. At $230 for a round trip, it may not be cheaper than flying, but at least it is slower. Cabin is an interesting experiment; an attempt to compete with airlines by promising a better night’s sleep. Flying between the two cities may […]
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NINE straight highs for the Dow Jones Industrial Average might suggest that all is well with capitalism. But on the contrary, they could be a sign that things have been going profoundly wrong with the way the system is working. The main driver for the surge in share prices this year has been the […]
Read moreMorgan Stanley upgraded Foot Locker to overweight from underweight Tuesday, saying the shoe retailer has an edge over Amazon.com in the high-end market. “We believe Foot Locker can withstand the challenge from Amazon,” Jay Sole, equity analyst, and Edward Ryan, research associate, said in a Tuesday note. They have a 12-month $65 price target on […]
Read moreThe Handsome Her cafe in Melbourne, Australia, turned heads last week when it announced its plan to charge customers an 18 percent “man tax” and offer priority seating for women. tweet Cafe owner Alex O’Brien is hoping to highlight the gender pay gap, she tells Broadsheet: “I do want people to think about it, because […]
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