Goldman Sachs raised its official 2017 target for the S&P 500 on Wednesday, but still thinks a drop is in the cards for the market benchmark from here. Higher rates will ultimately keep the market in check, the investment bank said. Goldman raised its year-end target on the S&P to 2,400 from 2,300, noting they […]
Read moreWith inflation low and wages showing little sign of an upward surge, the U.S. Federal Reserve should not be raising interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday. “What’s the rush?” Kashkari asked at an event at Michigan Technological University in Houghton, Michigan, adding that neither wage nor inflation data is giving any […]
Read moreThe field of high-tech and venture capital investment is known worldwide for its low percentage of women in senior roles. In Israel, with its leading position in some high-tech fields and its Startup Nation ambition, dozens of new initiatives have sprung up over the last couple of years to encourage women entrepreneurs in startups. But […]
Read moreA few years ago, Sean Bridges lived with his mother, Linda, in Wiley Ford, W.Va. Their only income was her monthly Social Security disability check. He applied for work at Walmart and Burger King, but they were not hiring. Yet while Mr. Bridges had no work history, he had certain skills. He had built and […]
Read moreSamsung is going to re-launch the smartphone that it recalled and ultimately discontinued last year. The new device is called the Galaxy Note 7 FE — the FE stands for Fandom Edition — and will launch on July 7 beginning in South Korea, according to The Wall Street Journal. Samsung had to ultimately discontinue manufacturing […]
Read moreMeal delivery darling Blue Apron is set to price tonight and trade tomorrow at the NYSE. It’s getting a lot of interest from the IPO community for one principal reason: Amazon’s purchase of Whole Foods has changed the dynamics of home delivery, a business a lot of players want to get into. This morning, the […]
Read moreNvidia, the market’s best-performing stock in the past year, received a big price forecast increase from Mizuho Securities Tuesday. Analyst Vijay Rakesh told investors to buy the semiconductor company’s shares, citing the strong business opportunities in the digital currency mining markets this year. “We believe near-term strength in cryptocurrency mining with the run-up in Bitcoin […]
Read moreThe global ransomware attack that hit major corporations from shipping giant Maersk to the world’s biggest advertiser WPP, has affected over 12,000 machines, with companies and security researchers scrambling to find a fix. Ransomware is a malicious piece of software that locks files on a computer and demands payments to unlock them. The files on […]
Read moreThis is a breaking news story. Please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc Euro falls to .1290 on reports market misjudged Draghi speech
Read moreThe energy sector is on pace for its sixth month of losses, which would mark its longest monthly losing streak going back to the creation of the modern sector system in 1999. And some strategists are forecasting further downside ahead for the sector that’s tethered closely to oil prices. Crude has fallen nearly 19 percent […]
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