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Monthly Archives: December 2017

Amazon’s ‘robust’ holiday sales spell earnings beat, 2018 expansion: Analyst

Amazon’s robust holiday sales bode well for a fourth-quarter beat and show the e-commerce giant’s “significant momentum” heading into 2018, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Amazon shares, citing the growing success of the company’s Prime membership platform. “Our surveys continue to …

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South Korea prosecutors seek 12 years jail for Samsung heir Lee in corruption case

Chung Sung-Jun | Bloomberg | Getty Images Jay Y. Lee, co-vice chairman of Samsung Electronics Co., right, is escorted by a prison officer as he leaves the Seoul Central District Court in Seoul, South Korea, on Friday, Aug. 25, 2017. The 49-year-old billionaire heir to South Korea’s Samsung Group was …

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Barclays expects $1.3 billion writedown from US tax reform

Justin Solomon | CNBC Jes Staley, CEO of Barclays, is being investigated for his conduct in a whistle blowing incident in 2016. Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank …

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Monetary policy decisions in 2018: Here’s what to expect

Petras Malukas | AFP | Getty Images A buyer picks up euro coins in a supermarket in Vilnius on January 1, 2015. At the moment, markets don’t expect any rate hikes in 2018 and the ECB has left the door open to increasing its stimulus if the economic conditions shift. …

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North Korea may test new recon satellite: South Korea media report

ED JONES/AFP/Getty Images A mobile launcher that’s similar to one that may be used to launch a new reconnaissance satellite is paraded in Pyongyang in April 2017. North Korea has reportedly developed a new, more advanced reconnaissance satellite and may be able to move it on a mobile launcher. Named …

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Tokyo-bound ANA flight turns back to LAX

Toshifumi Kitamura | AFP | Getty Images A child watches All Nippon Airways (ANA) jetliners on the tarmac at Haneda international airport in Tokyo. A flight from Los Angeles to Tokyo turned back on Tuesday because of an apparent mix-up involving an unauthorized passenger on board — while a famous …

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Tax break for disaster losses largely disappears in tax law

Saul Loeb | AFP | Getty Images President Donald Trump speaks about the passage of tax reform legislation on the South Lawn of the White House in Washington, DC, December 20, 2017. If you lose your home to a fire next year, you may not be able to claim it …

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Apple HomePod delay: Will it affect earnings?

Getty Images A prototype of Apple’s new HomePod is displayed during the 2017 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 5, 2017 in San Jose, California. On many fronts, Gerber (who is an Apple shareholder on behalf of himself and his firm) is optimistic. …

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Mexico’s peso falls again despite currency hedge auctions

Susana Gonzalez | Bloomberg | Getty Images Mexican one thousand pesos bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. Mexico’s central bank sold an additional $500 million in foreign exchange hedges on Tuesday to support the peso amid uncertainty over the economic …

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Energy stocks could be due for an even bigger rally

Energy stocks have soared this month, and Todd Gordon, a technician and founder of TradingAnalysis.com, says an even bigger rally is in store for the sector. The XLE energy-tracking ETF is up almost 7 percent in December, with energy stocks also getting a boost Tuesday as oil rallied to hit …

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