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 […]
Read moreEvan Blass, a well-known blogger who established a reputation by accurately leaking images of new cellphones, says the image above is the upcoming Apple iPhone 8. The device is inside of a smartphone case, suggesting that it was obtained by someone building cases — not always the most accurate of sources — but it appears […]
Read moreNetflix is one of the market’s best-performing stocks and one Wall Street firm says its shares will continue to surge due to more impressive growth in foreign markets. Piper Jaffray told its clients the company’s international subscriber base will nearly double in three years from the current 52 million. The firm reiterated its overweight rating […]
Read moreThere’s a new top bull on Tesla. Argus Research’s Bill Selesky slapped a $444 target on the share price and upgraded Telsa to a buy from a hold. The price target is by far the most aggressive on Wall Street, according to FactSet. It’s also 25 percent higher than Monday’s closing price of $355. Tesla […]
Read moreJeff Bezos is reportedly closing in on surpassing another major milestone. Amazon‘s Prime program — which has boasted impressive growth in recent years — should finally be in more than 50 percent of American homes before the year is over, Cowen & Co. has predicted. According to the firm’s monthly survey of 2,500 U.S. consumers, […]
Read moreShares of FibroGen are soaring more than 50 percent in pre-market trading Tuesday after the biotech reported positive study results for a potential blockbuster drug. The biotech company’s drug pamrevlumab, a treatment for fatal lung disease idiopathic pulmonary fibrosis, successfully completed a mid-stage FDA test. “Significant value creation should occur now,” Jefferies analyst Michael Yee […]
Read moreThe “Fast Money” traders shared their first moves for the market open. Tim Seymour was a seller of the iShares MSCI Brazil Index. Brian Kelly was a buyer of Nvidia. Steve Grasso was a buyer of Marriott. Guy Adami was a buyer of Verisign. Trader disclosure: On August 7, 2017, the following stocks and commodities […]
Read moreThe hottest new trend in smartphones is right in front of you. Started by Samsung and quickly followed by others including LG, Essential and, as of Tuesday, Sharp, smartphones are beginning to pack screens that take up almost the entire front of the phone. Apple‘s iPhone 8 is expected to offer a similar screen when […]
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