The U.S. dollar looks ready to turn from loser to leader. Strategists say the beaten-up dollar could be in the process of making a turn higher, thanks to Federal Reserve policy. The currency was at a four-month high against the yen Tuesday and was rising against a basket of currencies. The dollar index was up […]
Read moreBarclays on Tuesday upgraded shares of Exxon Mobil to overweight, saying the oil major’s stock price appears to have bottomed and it now looks attractive compared with its peers and the broader market’s payout to shareholders. The bank maintained its $94 price target on Exxon’s stock, compared with an average target price of $85.94, according […]
Read moreThe United States and Qatar signed an agreement on combating terrorism and its financing during a visit to Doha by US Secretary of State Rex Tillerson, his senior adviser R.C. Hammond told reporters. “Qatar and the United States have signed a memorandum of understanding between the two counties outlining future efforts Qatar can take to […]
Read moreAmazon’s third annual Prime Day has a new piece to its shipping puzzle: airplanes. The new Prime Air fleet will help deliver the Echo devices, flat-screen TVs and countless other marked-down goods expected to lure consumers’ dollars with the easy swipe of a tab. The 30-hour Black Friday-like sales event is marketed to Prime members, […]
Read moreMorgan Stanley analysts downgraded Snap on Tuesday, a day after the shares fell below their IPO price of $17. This is particularly insulting because Morgan Stanley took the Snapchat parent public, and therefore priced the IPO at $17 a share. The analysts are separate from the underwriters, but it still creates an awkward appearance. Shares […]
Read moreThe head-spinning, mouth-drying, bone-crushing fatigue of jet lag is enough to make anyone think twice about changing time zones. But sometimes, traveling is worth the suffering — or, it’s just unavoidable. So we quizzed Stanford sleep expert Jamie Zeitzer about how to minimize the misery of jet lag. The body operates on a biological schedule […]
Read moreShares of Arena Pharmaceuticals surged more than 44 percent Tuesday morning, after the drugmaker announced positive results for a treatment for a rare lung disease. The experimental drug Ralinepag met its primary Phase 2 program goal to show a meaningful improvement in the conditions of patients with pulmonary arterial hypertension. Patients who used the drug […]
Read moreThe “Fast Money” traders shared their first moves for the early hours of the trading day. Tim Seymour was a buyer of the iShares MSCI Malaysia ETF. Karen Finerman was a buyer of the iShares MSCI Emerging Markets ETF. Dan Nathan was a buyer of Intel. Guy Adami was a buyer of America Express. Trader […]
Read moreAmazon customers are shopping at “record levels” worldwide this Prime Day, Amazon said Tuesday morning. The 30-hour event had only just begun, and at 4 am ET Amazon said that millions of Prime members globally had already shopped the website for bargains and so-called lightning deals. In the U.S., the Amazon Echo is the best-selling […]
Read moreCurrency, United States Finance
France is seriously trying to get rid of the biggest drag on its economy
Investors and international institutions often criticize France for its rigid labor market and how that’s a drag on its economic performance. But that’s about to change, the former governor of the Bank of France told CNBC. “I frankly think that apart from the U.K., in three, four months from now, France will have the more […]
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