U.S. trade officials have agreed to investigate Qualcomm’s allegations that Apple infringed on patents with its iPhone7 and other devices, the U.S. International Trade Commission said in a statement on Tuesday. The ITC said it will make its decision “at the earliest practicable time” and will set a target date for completing its investigation within […]
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DoubleLine Capital CEO and Chief Investment Officer Jeffrey Gundlach predicts bond yields will rise and lead to market volatility. “One of the things that I follow to give a really good short-term cyclical indication of the yield of the 10-year Treasury is the ratio of copper to gold,” Gundlach said Tuesday on CNBC’s “Halftime Report.” […]
Read moreAfter raising more than $200 million in venture funding and surpassing a $1 billion valuation, the social network Nextdoor is finally figuring out how to make money: real estate ads. The start-up, which was founded in 2010 as a way for neighbors to communicate online, launched a section on Tuesday that aims to connect real […]
Read moreBarclays 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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