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Monthly Archives: January 2018

Goldman Sachs sees ‘high probability’ of a stock market correction

Goldman Sachs believes “correction signals are flashing” and is advising its clients to prepare for a correction in the coming months as investors pour cash into the stock market. “Whatever the trigger, a correction of some kind seems a high probability in the coming months,” Peter Oppenheimer, chief global equity …

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Apple and 4 other tech giants could spark a $181B shift in market cap

As the busiest week for earnings begins, five tech giants reporting this week could cause a gain or reduction of $181 billion in value for investors. Facebook and Microsoft kick things off after the closing bell on Wednesday, and the options market is implying about a 5.5 percent move in …

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The refugee crisis needs to be a top priority for the global community

Jordanian Royal Court/Handout | Getty Images News | Getty Images Queen Rania of Jordan meets Rohingya muslim refugees during her visit to the Kutupalong camp on October 23, 2017 in Ukhia, Bangladesh “Jordan has taken in 1.3 million refugees, which has had a devastating impact on our country,” she added, …

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Alibaba, Foxconn led a $350 million funding round in Xiaopeng

Wang HE | Getty Images Founder and Chairman of Alibaba Group Jack Ma present at the ‘Ma Yun Rural Teachers Prize’ awards show on January 22, 2018 in Sanya , Hainan province, China. Alibaba and Foxconn have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car …

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Tax season begins. Here’s what you need to do

John Ewing | Portland Press Herald | Getty Images Keep an eye on your mailbox over the next few weeks: All of the information you need to prepare your return should be on its way. Filing season for the 2017 tax year began Monday. This year, the IRS bumped the …

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Apple falls as iPhone X order cut reports mount

Sergii Kharchenko | NurPhoto | Getty Images Official iPhone X release in Kyiv, Ukraine on December 12, 2017. Apple shares are dropping in premarket trading after a report the company ordered a drastic cut in iPhone X production. Nikkei reported on Monday the company told its suppliers to cut iPhone …

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Here are the 10 most important stories for investors Monday morning

George Frey | Bloomberg | Getty Images Bottles of Dr. Pepper soft drinks move down a production line in West Valley City, Utah. A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are lower ahead of more earnings reports. We …

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Starbucks downgraded by Bernstein

Brent Lewin | Bloomberg | Getty Images A Starbucks store in Shenzhen, China. Starbucks’ strong growth in China will be overshadowed by slowing sales in the U.S., an analyst at Bernstein said Monday. “The business mix is clearly shifting toward China … just not fast enough to offset the US,” …

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The U.K.’s ‘lack of direction’ is a cause for concern as Brexit talks enter final stage, analysts say

Chris Ratcliffe | Bloomberg | Getty Images Theresa May, U.K. prime minister, leaves number 10 Downing Street to make a statement on the terror attack in London, U.K., on Sunday, June 4, 2017. The British government’s “refusal” to discuss and outline the U.K.’s post-Brexit relationship with the European Union is …

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Amazon is Citi’s ‘top pick’ because of its growing advertising business

Getty Images Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois. Amazon will be able to compete against Google and Facebook in the internet ad business, according to one Wall Street firm. Citi Research reiterated its buy rating for Amazon shares, predicting strong growth …

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