Derick E. Hingle | Bloomberg | Getty Images Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas. The Federal Reserve ought to raise rates in December because the labor market is tightening and inflation is expected to rise toward the Fed’s 2-percent target, Dallas Fed …
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Netflix and Facebook among JPMorgan’s favorite internet stock ideas for 2018
Mike Blake | Reuters Comic con fans gather at the Netflix booth at Comic Con International in San Diego, California, July 19, 2017. Internet stocks have crushed the market this year and one top Wall Street firm believes the sector can go even higher next year. JPMorgan analyst Doug Anmuth …
Read More »Tillerson on reports that White House may oust him: ‘It’s laughable’
Carolyn Kaster | AP Secretary of State Rex Tillerson turns to leave after a media opportunity with Libyan Prime Minister Fayez al-Sarraj at the State Department in Washington, Friday, Dec. 1, 2017. Tillerson is dismissing as “laughable” reports that the White House is trying to get rid of him. Secretary …
Read More »Senate Republicans are confident they have the votes to pass tax bill
Saul Loeb | AFP | Getty Images Senate Majority Leader Mitch McConnell (2nd R), alongside US Senator John Barrasso (L), Republican of Wyoming; and US Senator Orrin Hatch (2nd L), Republican of Utah, speaks after a meeting between US President Donald Trump and the Republican Senate Caucus at the US …
Read More »Oil near 2-1/2-year highs after OPEC extends output cuts
Heinz-Peter Bader | Reuters Saudi Arabia’s Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end …
Read More »Wells Fargo raises its Amazon price target to Street-high
Salvador Rodriguez | Reuters Attendees at Amazon.com annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, November 30, 2017. One Wall Street analyst is getting more bullish on Amazon’s cloud computing business. Wells Fargo reiterated its overweight rating and increased its price target for Amazon …
Read More »Ron Johnson and Steve Daines will vote for Senate tax bill
Tom Williams | CQ Roll Call | Getty Images Sen. Steve Daines, R-Mont., speaks during a news conference in the Capitol where GOP senators said families and small businesses would benefit from tax reform on November 7, 2017. Pass-through businesses get taxed at individual rates. While those entities include small …
Read More »Bank stocks break out, tech declines, and it’s a big deal for market
Michael Nagle | Bloomberg | Getty Images Pedestrians walk along Wall Street near the New York Stock Exchange in New York, Aug. 14, 2017. Why? Because everyone who would’ve, could’ve and should’ve exited the sector has already done so. The sellers who were just looking to get back to even …
Read More »Trump trade talks a waste of time
Matt Cardy | Getty Images British Prime Minister Theresa May meets U.S President Donald Trump during the G20 summit on July 8, 2017 in Hamburg, Germany. The Nobel Prize-winning economist Joseph Stiglitz has said it would be a “waste of time” for the U.K. to negotiate a trade deal with …
Read More »40% think Fox News should win Trump’s ‘fake news trophy’
Salwan Georges | Detroit Free Press | TNS | Getty Images Republican presidential candidates Marco Rubio, left, and Donald Trump speak during the Fox News GOP debate on Thursday, March 3, 2016, at the Fox Theater in Detroit. President Trump this week proposed the creation of a “fake news trophy.” …
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