One simple chart depicts what’s taking place in retail today, as many traditional players that once boasted impressive revenue growth now report slipping sales. Amazon, essentially, is “eating the retail world,” MKM Partners analyst Rob Sanderson wrote in a Friday note to clients. His chart shows Amazon, in the categories that the company serves, growing […]
Read moreA legal battle between Apple and supplier Qualcomm is getting nasty, but the drama hasn’t dethroned Apple in the eyes of Wall Street. Qualcomm waged another battle against the world’s most valuable public company on Thursday, suing to bar U.S. iPhone imports on the grounds of patent infringement. This week’s lawsuit was the latest in […]
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Goldman Sachs warned its clients that if President Donald Trump does implement a protectionist trade policy, it could start a global trade war and lead to a market drop. The firm mentioned recent news reports that the administration may be considering tariffs on imports. In the event of a trade conflict, the bank recommends investors […]
Read moreJefferies is predicting that PepsiCo will beat its estimate for second quarter earnings per share despite indications of soft core sales and continued troubles in emerging markets. “Emerging market malaise persists and US Nielsen data was notably soft, which we expect to drive tepid ~2% org sales growth in 2Q,” Jefferies analyst Kevin Grundy wrote […]
Read moreConsumers are showing more interest in Apple‘s Siri-powered HomePod speaker than they did in the Apple Watch when that product debuted, according to new data from Raymond James. This suggests the HomePod will be a smash hit this holiday season. According to a research note published by Raymond James on Friday, 14 percent of iPhone […]
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JPMorgan‘s stock could reach $100 a share soon and it’s thanks in part to rising yields, CNBC’s Jim Cramer said Friday. Cramer spoke as the yield on the 10-year Treasury notes rose in choppy trade Friday morning following the Labor Department’s jobs report. The report said the U.S. economy added 222,000 jobs in June, well […]
Read moreFundstrat’s Tom Lee on Friday became the first major Wall Street strategist to formally lay out his views on bitcoin. The digital currency could be worth as much as $55,000 by 2022, Lee said in a report titled “A framework for valuing bitcoin as a substitute for gold.” Bitcoin has more than doubled in value […]
Read moreCurrency, United States Finance
A “Norwegian solution” for Britain post-Brexit does not appear to be on the cards given London’s position concerning the so-called ‘four freedoms’, Norway’s Prime Minister Erna Solberg told CNBC on Friday. “I think we have very good working relations on the basis of not being members of the European Union but it does have as […]
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President Donald Trump said Friday he anticipates “positive things happening” as he and Russian President Vladimir Putin talk at the G-20 summit in Germany. He spoke as the highly-anticipated first meeting between the two leaders began, but did not go into detail about which issues he would address. “President Putin and I have been discussing […]
Read moreOil supply could easily be threatened by geopolitical risks, and such a disruption could cause oil prices to skyrocket, experts tell CNBC. Neil Dwane, global strategist and chief investment officer of European equity at Allianz Global Investors, warned that oil production supply is looking threatened around the world. “Venezuela’s 2 million barrels of oil a […]
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