Billionaire Steve Ballmer said Friday that government data show it’s not clear whether tax policy will have an impact on business investment. Ballmer, founder of a nonpartisan database for government statistics, told CNBC’s “Squawk Box” that his USAFacts group looked at capital investment and research and development. “No matter what tax policy we’ve seen, it […]
Read moreCredit Suisse just raised its year-end forecast for the S&P 500 and told investors to “stick with equities.” In a note published Friday, its head of global equity said “the bull market will continue” because interest rates will remain low, earnings will come in stronger than expected and the normal signs of a peak in […]
Read morePolitics is a big topic at the annual Allen & Company conference in Sun Valley, with Jared Kushner and Ivanka Trump attending the event for the first. And President Donald Trump’s policies and the political process have been in the spotlight in both the conversations on stage and off. CBS CEO Les Moonves said in […]
Read moreFew, if any, literary philosophers have had as much influence on American business and politics as Ayn Rand, especially now that Donald J. Trump occupies the White House. President Trump named Rand his favorite writer and “The Fountainhead” his favorite novel. Secretary of State Rex W. Tillerson has cited “Atlas Shrugged” as a favorite work, […]
Read moreThe race to create A.I. and robotic technology that will change the way we work and live is dominating countless industries. But the chaos and disruption these ground-breaking fields are set to have on numerous areas of the economy, the job market, the banking system and the transportation industry have also incited fear. Alibaba Chairman […]
Read moreTwitter has been “on top of” product and monetization improvements, and the stock market is starting to take notice, Steve Ballmer told CNBC on Friday. “Twitter is a very good asset,” said Ballmer, a major investor in the social media company. “So improving the products some and improving and making the monetization better, I think […]
Read moreU.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second quarter. The Commerce Department said on Friday retail sales fell 0.2 percent last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets. Americans also cut […]
Read moreJPMorgan upgraded shares of Boeing, which are up 33 percent for 2017 through Thursday, saying the stock is still cheap and the aerospace leader will benefit from many industry tailwinds this year. “BA is among the stocks best positioned to benefit from positive aero fundamentals,” wrote JPMorgan’s Seth Seifman in Friday’s note. “BA is consciously […]
Read moreCheck out which companies are making headlines before the bell: JPMorgan Chase – The bank reported second quarter earnings of $1.82 per share, beating estimates of $1.58 a share. Revenue also came in above forecasts. The bank’s results were helped by lending, although trading results were lower. Wells Fargo – Wells Fargo reported quarterly profit […]
Read moreWal-Mart is “as well positioned as any mass market retailer — in an admittedly imperfect world for mass market retailers,” Goldman Sachs wrote in a Friday note to clients. The investment bank upgraded Wal-Mart to buy from neutral, also adding the stock to Goldman’s so-called Conviction List, with an $84 price target. Wal-Mart shares closed […]
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