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Monthly Archives: June 2018

IBM set for ‘sustained’ revenue as cloud tech leads turnaround

Getty Images The bus ‘Olli’, an autonomous transportation system, is presented at the IBM stand at the CeBIT 2017 Technology Trade Fair in Hanover, Germany. IBM’s cloud, analytics and security segments should easily offset declines in its legacy business and present a buying opportunity for investors looking for sustainable revenue …

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Under pressure to soften Brexit plans, Theresa May signals faster pace

Jack Taylor | Getty Images British Prime Minister Theresa May arrives at the Council of the European Union on the first day of the European Council leaders’ summit on June 28, 2018 in Brussels, Belgium. European leaders told Prime Minister Theresa May on Thursday to soften some of her red …

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Macquarie raises Netflix price target

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc., right, applauses during a news conference in Tokyo, Japan. Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to …

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Google should give out free smart speakers to beat Amazon

David Paul Morris | Bloomberg | Getty Images Isabelle Olsson, senior industrial designer for Google Inc., speaks about the Google Home Mini voice speaker during a product launch event in San Francisco, California, U.S., on Wednesday, Oct. 4, 2017.  One top Wall Street firm believes Google-parent company Alphabet needs take …

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Walgreens Boots Alliance Q3 earnings 

Walgreens Boots Alliance shares sank to a 52-week low Thursday as investors dug into the company’s third-quarter earnings results and Amazon announced a potentially disruptive deal. Shares cratered more than 10 percent in morning trading, at one point hitting a 52-week low of $59.33. Walgreens shares are now down more …

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Walgreens, CVS shares tank after Amazon buys online pharmacy PillPack

Shannon Stapleton | Reuters A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York, U.S., November 30, 2017. Shares of drugstore companies are tumbling Thursday after Amazon announced it signed an agreement to acquire online pharmacy PillPack. Shares of Walgreens Boots Alliance and CVS …

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Iran sanctions could soon push oil prices above $90 a barrel, BoAML says

Ali Mohammadi | Bloomberg | Getty Images A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. President Donald Trump’s sustained bid to …

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Trump says search to replace Justice Kennedy ‘will begin immediately’

His nominee “will be somebody from that list,” Trump added. Two of the candidates on Trump’s current list, Judges Thomas Hardiman and William Pryor, were the likely frontrunners alongside Gorsuch in January 2017, CBS News reported at the time. Hardiman, 52, has served on the Third Circuit Court of Appeals …

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Europe’s migration crisis is ‘make-or-break’ for the EU, Germany’s Merkel says

Sean Gallup | Getty Images German Chancellor Angela Merkel gives a government declaration at the Bundestag ahead of the upcoming E.U. and NATO summits on June 28, 2018 in Berlin, Germany. The future of the European Union (EU) rests on the bloc’s ability to find a diplomatic answer to the …

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Europe needs a plan for any future financial shocks… and it’s struggling to reach a concrete deal

Yuriko Nakao | Bloomberg | Getty Images Wopke Hoekstra, Dutch finance minister. Ricardo Garcia, chief euro zone economist at UBS, also played down the prospect of any big achievements this week. “Expectations are low, the Eurogroup last week lacked a breakthrough, so there won’t be any tangible decisions beyond declarations …

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