Bearish investors expecting (or hoping) for bull market cycle to end may be disappointed, as Citi’s global strategy team forecast a further 9 percent gain for global equities by the middle of 2018. The MSCI International World Price Index, a benchmark of mid- and large-cap equities across 23 developed markets, is currently priced at 1,918.9. […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3 production plans, Goldman Sachs is concerned over slowing sales growth of the company’s current electric cars. The report helped send Tesla’s stock down about 5 percent in the first hour of trading. Goldman analyst David Tamberrino lowered his six-month price target for Tesla to $180 […]
Read moreFederal Reserve Chair Janet Yellen is “torn” on whether to raise interests rates again this year, CNBC’s Jim Cramer said Wednesday, but the economy indicates policymakers have room to do what they want. Cramer spoke ahead of the release of the minutes from the June 13-14 Federal Open Market Committee meeting, where policymakers raised benchmark […]
Read moreAmazon isn’t the only company that will make money from cloud computing and artificial intelligence, according to KeyBanc Capital Markets. The firm raised its rating on Oracle shares to overweight from sector weight, predicting its cloud sales will double during the next two years. “We are upgrading ORCL based on solid cloud execution and partner […]
Read moreJefferies is encouraging investors to buy U.S. financials in light of recent stress-test successes and fading regulation under the Trump administration. The firm highlighted Huntington Bancshares, Bank of America, US Bancorp and Keycorp as favorite stock picks. The Fed’s 2017 Comprehensive Capital Analysis and Review stress-test results were positive, with an average total capital payout […]
Read moreThe Federal Reserve could have an impact on trading when it releases the minutes from its last meeting Wednesday afternoon, particularly if it appears confident that it could raise interest rates again this year. The Fed is also likely to provide some insight into its plan to unwind its $4.5 trillion balance sheet, which many […]
Read moreNew analyst notes from Citi and Instinet suggest there’s pent-up demand among consumers for the Apple iPhone 8, which is expected to launch this fall. The demand for Apple’s unannounced new smartphone may hurt sales of this year’s iPhone 7 in the months leading up to the next iPhone’s launch, the firms said. “U.S. telcos […]
Read moreCurrency, United States Finance
G-20 meeting could make a 'big difference' to Trump’s credibility: BlackStone vice chair
This week’s G-20 meeting in Germany offers the U.S. president an opportunity to meet with world leaders on a one-to-one basis, which will help his credibility, according to John Studzinski, vice-chairman of investment firm The BlackStone Group. President Donald Trump will arrive in Poland later today, before heading to Hamburg in Germany for the G-20 […]
Read moreWhile the name of this growing threat might sound funny, being a victim of it is no joke. Similar to a “phishing” scam — where computer users receive an authentic-looking email that appears to be from their bank, Internet Service Provider (ISP), favorite store, or other organization – “smishing” messages are sent to you via […]
Read moreAmazon announced it will be creating 1,500 full-time jobs at its Salt Lake City, Utah fulfillment center on Wednesday. “We are excited to continue growing our team with the first fulfillment center in Utah,” said Akash Chauhan, Amazon’s Vice President of North American operations. The hourly associates will receive a competitive salary and a comprehensive […]
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