This year’s historic market rally may be running out of steam. TIAA Investments’ Brian Nick sees stocks ending the year below current levels. His S&P 500 Index target for the end of 2017 is 2400 — a four percent decline. “That’s been our target the entire year. When we came into the year I’d say […]
Read more
I love the iPhone experience, even if it hasn’t changed much over the past several years. The home button feels natural to me now (the iPhone X doesn’t have one), and I like that Apple added wireless charging, new cameras and a faster processor that’ll keep me up to date with the best apps that’ll […]
Read moreCurrency, United States Finance
UK credit rating downgrade based on 'outdated' Brexit view, government says
Britain’s government said on Friday that a decision by ratings agency Moody’s to downgrade the country’s credit rating was based on an “outdated” assessment of its plans to leave the European Union. Moody’s lowered Britain’s sovereign credit rating to ‘Aa2’ with a stable outlook from ‘Aa1.’ “The assessments made about Brexit in this report are […]
Read moreChina said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports of textiles from the isolated North, to comply with a United Nations Security Council resolution. The Ministry of Commerce said in a statement on its website that China would ban exports of refined petroleum products from […]
Read moreJapan talking only about sanctions on North Korea rather than dialogue will be seen as going against United Nations resolutions, Chinese Foreign Minister Wang Yi told his Japanese counterpart. Tensions have continued to rise since North Korea carried out its sixth nuclear test on Sept. 3, prompting a new round of U.N. sanctions. Wang told […]
Read moreI knew the big Mark Zuckerberg speech was coming. It always does. Scandals involving Facebook tend to follow a well-worn pattern: Throughout the social network’s short history, when the company has felt pummeled by users or lawmakers or shareholders over one of the dozens of controversies that have plagued its rise, there comes a moment […]
Read moreA global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure. Wall Street’s top regulator came under fire on Thursday after admitting hackers […]
Read more
After losing a massive deal with Apple, chip company Imagination will sell itself for $742.5 million
British firm Imagination Technologies said on Friday CBFI Investment will buy the company for a price of 182 pence per share, valuing it at about 550 million pounds ($742.5 million). CBFI currently has no intentions of cutting any jobs after the proposed merger, the companies said. In June, Imagination Technologies put itself up for sale […]
Read moreUber’s CEO told employees they need to reflect on the “serious consequences” of the company’s bad reputation, in light of a battle with London regulators. Uber lost its license this week to operate in London, beginning in October. Transportation regulators said the decision was made “in relation to a number of issues which have potential […]
Read moreOn Wednesday, in response to a ProPublica report that Facebook enabled advertisers to target users with offensive terms like “Jew hater,” Sheryl Sandberg, the company’s chief operating officer, apologized and vowed that the company would adjust its ad-buying tools to prevent similar problems in the future. As I read her statement, my eyes lingered over […]
Read more