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Monthly Archives: September 2018

Facebook takes on YouTube with more video advertising options

Chesnot | Getty Images Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France.  Facebook is giving companies more selective video advertising choices, addressing some of the concerns brands have brought up …

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Julie Swetnick says Brett Kavanaugh does not belong on Supreme Court’

Chris Wattie | Reuters U.S. Supreme Court nominee judge Brett Kavanaugh testifies during his Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, September 5, 2018.  Asked why specifically she thought Kavanaugh was unsuitable to be a Supreme Court justice, Swetnick said, “I think all of the above,” referring …

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Pompeo slams EU plan to avoid Iran sanctions: disturbed, disappointed

Nicholas Kamm | AFP | Getty Images Secretary of State Mike Pompeo addresses the Indo-Pacific Business Forum at the US Chamber of Commerce in Washington, DC, on July 30, 2018.  America’s top diplomat had harsh words for Europe and its fellow remaining members of the Iranian nuclear deal after it …

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It’s ‘off to the races’ for Oracle if it can break this level

One of those names looks set for an even bigger breakout, according to JC O’Hara, chief market technician at MKM Partners. “If you look at Oracle, the stock was up in 2000 and it came crashing down. It was trading at $7 and it took years and years and years …

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JP Morgan says buy Apple shares due to its ‘services transformation’

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Apple shares will keep rising even after its big gains this year, according to J.P. Morgan. The …

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Iran sanctions could push oil prices above $100, strategists say

Atta Kenare | AFP | Getty Images Iranian Revolutionary Guards drive a speedboat in front of an oil tanker at the port of Bandar Abbas. President Donald Trump’s sustained bid to sanction Iranian crude exports could trigger a dramatic shortfall in global supply, strategists told CNBC on Thursday, amid renewed …

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Stifel issues Street-high Amazon price target, sees 27 % upside

Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, laughs during an interview at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, U.S., September 13, 2018.  Stifel issued the highest Amazon price target on Wall Street Thursday, highlighting the …

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Euro falls on rumors Italy’s populists are pushing for higher deficit

Italy’s Interior Minister and deputy PM Matteo Salvini (R) and Italy’s Labor and Industry Minister and deputy PM Luigi Di Maio gesture during the swearing in ceremony of the new government led by Prime Minister Giuseppe Conte at Quirinale Palace in Rome on June 1, 2018. The euro is under …

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Fed dot plot September 2018

Tom Williams | CQ Roll Call | Getty Images Jerome Powell, nominee to be chairman of the Federal Reserve, waits to testify at his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Hart Building on November 28, 2017. The Federal Reserve said Wednesday that it sees the federal …

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China’s once-burgeoning private equity industry hits growing pains

The latest upheavals in the Chinese financial market may bring it one step closer to becoming a developed market. For now, the picture isn’t a pretty one: The Shanghai composite has slumped about 15 percent this year, high-profile mainland companies have disappointing in initial public offerings, and many Chinese private …

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