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Monthly Archives: June 2018

Buy Roku shares because it is disrupting television with its streaming platform: Analyst

Brendan McDermid | Reuters People pass by a video sign display with the logo for Roku Inc, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Roku shares will turn around after a disappointing start this year, according to one …

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US business inventories rebound in April

Daniel Acker | Bloomberg | Getty Images Employee organizes treated lumber at Maze Lumber in Peru, Illinois. U.S. business inventories rebounded in April, but a slight downward revision to retail stocks excluding motor vehicles suggested inventory investment’s contribution to second-quarter economic growth could be modest. The Commerce Department said on …

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Etsy stock soars after increasing take rate, revenue guidance

Victor J. Blue/Bloomberg via Getty Images An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Online crafts marketplace Etsy’s shares soared Thursday after announcing it’ll take a larger percentage of each sale and raising its full-year guidance to reflect the higher revenue. …

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Putin invites North Korea’s Kim Jong Un to Russia

Anthony Wallace | Pool | Reuters U.S. President Donald Trump and North Korea’s leader Kim Jong Un shake hands during their summit at the Capella Hotel on Sentosa island in Singapore June 12, 2018. Russian President Vladimir Putin asked North Korean official Kim Yong Nam at their meeting on Thursday …

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Citigroup downgrades Kohl’s, saying it has run too far, too fast

Daniel Acker | Bloomberg | Getty Images Customers pull a dinnerware set from a shopping cart outside of a Kohl’s store in Peru, Illinois. Kohl’s stock has gotten ahead of itself, and it’s time to “step aside,” according to Citigroup, which downgraded the company to neutral from buy on lingering …

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euro falls as ecb offers dovish outlook on interest rates.

Daniel Roland | AFP | Getty Images Mario Draghi, President of the European Central Bank (ECB) addresses a press conference following the meeting of the ECB’s Governing Council in Frankfurt am Main, western Germany, on January 25, 2018. The euro fell sharply after the European Central Bank (ECB) outlined its …

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ECB says its massive bond-buying program will likely end in December

Emmanuel Dunand | AFP | Getty Images European Central Bank President Mario Draghi attends an Eurogroup finance ministers meeting at the European Council in Brussels on May 24, 2018. The European Central Bank (ECB) outlined plans to end its massive stimulus program by the end of this year, but keep …

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COMAC aims to obtain C919 jet’s Chinese certification by the end of 2020

SeongJoon Cho / Bloomberg / Getty Images A model of Comac’s C919 aircraft at the Singapore Airshow on Feb. 6, 2018. Commercial Aircraft Corp of China (COMAC) aims to obtain type certification from China for its narrowbody C919 jet by the end of 2020, putting the state planemaker on track …

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Italy could try to block the EU-Canada trade deal to protect its famous foods

Massimo Di Nonno/Getty Images Forms of Parmesan in aging warehouses of Parmesan and Grana Padano on January 01, 2012 in Fiorenzuola d’Arda. Italy’s agriculture minister suggested the country will not ratify a free trade agreement between the EU and Canada, saying that it doesn’t do enough to protect the nation’s …

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Russian government plans VAT hike and raising the retirement age

Sasha Mordovets | Getty Images Russian President Vladimir Putin (R) and Prime Minister Dmitry Medvedev (L) attend a meeting in Moscow in May 2015. Russia’s government has proposed raising value-added tax (VAT) to 20 percent from 18 percent, starting from 2019, Prime Minister Dmitry Medvedev said Thursday. Medvedev said the …

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