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Monthly Archives: July 2018

Credit Suisse raises its price target for Square by more than 80%

Louis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Square shares will thrive as the company expands to new markets and builds upon its core payments offering, according to Credit Suisse. The firm raised its rating to outperform from neutral for Square shares, citing the increasing …

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Putin says there are ‘powerful forces’ trying to damage US-Russia relations

Kevin Lamarque | Reuters President Donald Trump and Russia’s President Vladimir Putin hold a joint news conference after their meeting in Helsinki, Finland, July 16, 2018.  Speaking after meeting Russian diplomats at the foreign ministry in Moscow, Putin added that “those forces are powerful” and that they were trying to …

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EU making list targeting US goods in case the US slaps tariffs on European cars

Thierry Monasse | Getty Images European Commissioner for Trade Cecilia Malmstroem addresses a press conference on the US restrictions on imported steel and aluminium at the Berlaymont, the European Commission headquarters, on June 1, 2018 in Brussels, Belgium.  The European Union is making a list of goods it could target …

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Energy market is becoming increasingly dangerous, analysts

Brittany Sowacke | Bloomberg | Getty Images Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas. The oil market is likely to become progressively more unpredictable over the coming months, …

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Trump saw evidence Putin ordered election swayed in early 2017: Report

Chris McGrath | Getty Images President Donald Trump and first lady, Melania Trump arrive aboard Air Force One at Helsinki International Airport on July 15, 2018 in Helsinki, Finland.  U.S. President Donald Trump had seen highly classified evidence before his inauguration that Russian President Vladimir Putin had “personally ordered complex …

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Israel passes law granting only Jews self-determination

Ronen Zvulun | AFP | Getty Images Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in Jerusalem on January 22, 2017. Israel has passed a law declaring that only Jewish people have the right of self-determination in the country. “This is a defining moment in the annals of …

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‘Zero-sum’ game between China and the rest of the world

Andrew Harrer | Bloomberg | Getty Images Peter Navarro, director of the National Trade Council. Peter Navarro, one of President Donald Trump’s top trade advisors, said Thursday that China is in a “zero-sum game” with the rest of the world when it comes to trade. Navarro, who spoke to CNBC’s …

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China’s foreign ministry rebukes Kudlow for trade remarks

Kevin Lamarque | Reuters Director of the National Economic Council, Larry Kudlow gives a press briefing about upcoming G7 in the White House in Washington, June 6, 2018. China’s foreign ministry hit back at comments made by President Donald Trump’s top economic advisor on Thursday, saying it is clear who …

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Large retailers see more than 50% bump in online sales on Prime Day

Lynne Sladky | AP In this Tuesday, July 17, 2018 photo, a FedEx employee delivers packages in Miami.  The riches of Prime Day extended to retailers beyond Amazon. According to Adobe Analytics, retailers with more than $1 billion in revenue saw a 54 percent increase in sales compared with an …

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IBM earnings Q2 2018

Andrew Harrer | Bloomberg | Getty Images Ginni Rometty, chief executive officer of International Business Machines Corp. IBM will report second-quarter earnings after the bell on Wednesday. The company will hold a press conference with analysts at 5 p.m. Eastern time. Here’s what analysts are expecting: Earnings: $3.04 per share, …

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