Analyst says market’s top performer AMD to keep soaring, raises price target to highest on Street
Rosenblatt Securities is more optimistic about AMD’s future market share gains after meetings with the company’s executives. The firm raised its price target for AMD shares to $30 from $27, citing the chipmaker’s process manufacturing advantage versus Intel and Nvidia....
US jobless claims fall as labor market holds firm despite trade tensions
The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have spawned restrictions on global commerce. Initial claims for state...
Fed’s George says Trump isn’t influencing her votes on rate hikes
President Donald Trump’s criticism isn’t influencing the way Kansas City Fed President Esther George, long one of the central bank’s most hawkish members, conducts policy. George offered the most candid view yet of the president’s repeated comments that he’s not...
ETFs are ‘overinflated’ and could spark the next market crash, trader says
Passive investments such as exchange-traded funds are overbought and could spark the next market crash, one expert warned Thursday. ETFs are a collection of stocks that track a specific index, a commodity, or bonds. This means that if the index...
US economy is expected to slow, damaged by Trump’s trade war: Poll
U.S. economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump’s trade war to inflict damage. Boosted in part by $1.5 trillion of...
Stocks making the biggest moves after hours: JWN, WSM and more
Check out the companies making headlines after the bell on Wednesday: Synopsys rallied more than 4 percent after the closing bell after the company reported earnings and revenue that topped Wall Street’s expectations. The company, which derives more than half...
Auto stocks drop globally on weak outlook from German tire maker, Trump threat
A fresh profit warning from the world’s second-largest automotive parts supplier is pressuring a number of auto-related stocks across Europe and the U.S. Germany-based Continental AG cut its 2018 revenue outlook — pointing to weak car sales in Europe and...
Fed officials worry that the trade war poses the biggest threat to ‘strong’ economy
Federal Reserve officials see ongoing global trade tensions as the biggest threat to otherwise strong U.S. economic growth, according to an account of the central bank’s most recent meeting. Minutes from the July 31-Aug. 1 Federal Open Market Committee gathering...
Kudlow on why the stock market is ignoring Cohen, Manafort news: ‘The economy’s everything’
Chief White House economic advisor Larry Kudlow said Wednesday that a thriving economy is allowing markets to continue to perform well amid the barrage of seemingly damaging political headlines. The bull market on Wall Street set history this week when...
JP Morgan says global stock markets are doing something they’ve never done before
J.P. Morgan is telling its clients the strange uncorrelated relative performances between the U.S. and international stocks will not last. As a result, the firm predicts international stocks will outperform the domestic market the rest of the year. “The recent...
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