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Monthly Archives: December 2019

Cowen names Target a ‘best idea’ for 2020, says digital business overcoming Amazon threat

A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019. Daniel Acker | Bloomberg | Getty Images As retail continues to evolve thanks to e-commerce, big box retailer Target is finally keeping up, according …

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RBI expected to cut rates but that may not be enough to spur growth

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. Kainaz Amaria | Bloomberg | Getty Images India’s central bank is expected to slash rates on Thursday after recent data revealed economic growth slowed to a six-year low, …

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Tahitian Gauguin sold for 9.5 million euros

FILE PHOTO: A man takes a picture of Paul Gaugin’s “Te Bourao II” (The Purao Tree) painting (1897) at Artcurial’s auction house in Paris, France, October 3, 2019. REUTERS/ Christian Hartmann PARIS (Reuters) – A painting by French post-impressionist artist Paul Gauguin fetched 9.5 million euros ($10.5 million) in a …

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Roku stock, up 370% this year, could be peaking at these prices

One streaming stock is blowing the rest away this year. Roku has exploded 370% since the beginning of the year, far better than the streaming stocks often grouped with it, including Netflix, Disney and Amazon. Its shares crept higher again on Tuesday a day after plummeting 15%. The stock came under …

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Each NATO country’s financial contribution to the military alliance

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough. Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. …

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Repsol says it will reach zero emissions by 2050

Angel Navarrete | Bloomberg | Getty Images In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding. The company outlined …

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Bromance or bad date? Trump, Macron trade barbs over tariffs, NATO

LONDON (Reuters) – They have hosted each other for state visits and dined at the Eiffel Tower, but the once-budding bromance between U.S. President Donald Trump and France’s Emmanuel Macron looks to have turned into a bad date as they traded blows ahead of a NATO summit. U.S. President Donald …

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Why job growth could be ‘significantly weaker’ than it has appeared

Job seekers line up to meet with recruiters during the Job Hunters Boot Camp in San Mateo, California. Getty Images The pace of payrolls growth, already around the weakest of the decade-old recovery, could look even weaker once the numbers-crunchers get through counting. Benchmark revisions to government employment data already …

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Kamala Harris cancels New York fundraiser as 2020 campaign in turmoil

Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks during the Democratic Presidential Debate at Tyler Perry Studios November 20, 2019 in Atlanta, Georgia. Alex Wong | Getty Images Sen. Kamala Harris has canceled a high-profile New York fundraiser as she drops in the polls and amid reports that her 2020 …

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Investors fear repeat of last December’s sell-off if Trump lets tariffs take effect Dec. 15

U.S. President Donald Trump greets supporters after arriving in Air Force One at LAX Airport on April 5, 2019 in Los Angeles, California. Michael Kovac | WireImage | Getty Images Investors have been awaiting Dec. 15 as a pivot point for the stock market, with expectations the U.S. and China …

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