Home / 2018 / June (page 27)

Monthly Archives: June 2018

Weight Watchers stock to rally thanks to influencers

J.P. Morgan added Weight Watchers to the firm’s list of “overweight” stocks, saying the weight loss company is poised for “outsized” growth as it looks to add more big-name celebrities through its partnership with Oprah Winfrey. “Management stabilized the trajectory … by revamping its points program, significantly improving the mobile …

Read More »

Uber’s 5MB Lite app for emerging market users pilots in India

David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber unveiled a smaller version of its ride-hailing app on Tuesday, in a bid to appeal to emerging market customers. The revamped app, called …

Read More »

Twitter shares jump after JP Morgan raises price target

Mike Segar | Reuters Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, May 16, 2018. A top Wall Street firm is getting more optimistic on Twitter’s prospects. J.P. Morgan raised its price target …

Read More »

US-China power struggle will probably be the biggest market event of the century, strategist says

Qilai Shen | Bloomberg | Getty Images President Donald Trump, right, and Xi Jinping, China’s president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. The battle between China and the United …

Read More »

Small business optimism jumps to second-highest ever; tax cut cited

Small business optimism rose in May to its highest in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in …

Read More »

Valve forges deal to launch its popular gaming platform Steam in China

Ethan Miller | Getty Images Gabe Newell, right, co-founder of video game developer and distributor Valve. U.S.-based firm Valve partnered with Chinese developer Perfect World to launch its popular online PC games store Steam in China. The company, known for popular titles like “Half-Life” and “Left 4 Dead,” announced Monday …

Read More »

China leads Asian stocks higher after Trump-Kim agreement

Mainland Chinese stocks led Asian market gains on Tuesday after the highly anticipated meeting in Singapore of U.S. President Donald Trump and North Korean leader Kim Jong Un. Both signed an agreement that reaffirmed “unwavering commitment to complete denuclearization of the Korean Peninsula.” But the document offered few details. The …

Read More »

Jobs outlook for UK financial services hits worst level since 2009, poll shows

Daniel Berehulak | Getty Images News | Getty Images City workers walk towards the City Of London financial district on September 30, 2008 in central London, England. It is the first quarter since 2009 that the business and financial services sector has recorded a negative outlook in the survey. Business …

Read More »

Trump says Trudeau’s comments are going to cost Canada ‘a lot of money’

Saul Loeb | AFP | Getty Images President Donald Trump and Canadian Prime Minister Justin Trudeau hold a meeting on the sidelines of the G7 Summit in La Malbaie, Quebec, Canada, June 8, 2018. Trudeau said after the G-7 meeting that the aluminum and steel tariffs imposed by the U.S. …

Read More »

Trump and Kim agreement draws backlash

Saul Loeb | Getty US President Donald Trump (2nd R) and North Korea’s leader Kim Jong Un (2nd L) sign documents as US Secretary of State Mike Pompeo (R) and the North Korean leader’s sister Kim Yo Jong (L) look on at a signing ceremony during their historic US-North Korea …

Read More »