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Monthly Archives: July 2018

Amazon Prime Day event is likely to drive company’s sales and share price higher

Blackledge reiterated his outperform rating and raised his price target to $2,100 from $2,000 for Amazon shares, representing 16 percent upside to Friday’s close. The analyst said the Prime Day promotions will increase the company Echo-device sales and Prime subscriber base. He noted Prime households buy on average about 3.5 …

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Some analysts cautious about Netflix ahead of earnings

Patrick T. Fallon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix It may be a bumpy road for Netflix as the streaming giant prepares to report its latest quarterly earnings. Netflix is scheduled to report its Q2 earnings after the bell on Monday. It is expected …

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Goldman Sachs to name David Solomon CEO Tuesday to replace Lloyd Blankfein

Andrew Harrer | Bloomberg | Getty Images David Solomon, Goldman Sachs & Co. Goldman Sachs will name president, David M. Solomon, to succeed Lloyd C. Blankfein as its next chief executive on Tuesday, sources familiar with the situation said. The news will be disclosed to all the company’s managing directors …

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Downgrades FedEx on trade risk, upgrades UPS on domestic delivery

Johan Nilsson | AFP | Getty Images Cargo aircrafts from UPS, FedEx and West Air Europe are parked at Cargo City at Arlanda airport in Stockholm. UBS swapped out its pick of parcel delivery services Monday, raising its near-term outlook on UPS stock to a “buy” rating while lowering its …

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FaceGym founder on when to launch a product

Photo by Matthew Whiteley, Courtesy of AllBright Neom Organics founder Nicola Elliott (L), FaceGym founder Inge Theron (M) and AllBright Co-founder Debbie Wosskow OBE (R) at the 2018 AllBright FoundHER Festival in London. Speaking on a panel titled “Queen of the Regime: Master Your Routine”, Theron said that in the …

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Deutsche Bank announces preliminary results above market expectations

Krisztian Bocsi | Bloomberg | Getty Images Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 mln) and net income of approximately 400 million euros, it said on Monday. “The results are considerably above …

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In TV interview, Trump says queen calls Brexit ‘complex’

Kevin Lamarque | Reuters President Donald Trump and the First Lady Melania Trump are met by Britain’s Queen Elizabeth as they arrive for tea at Windsor Castle in Windsor, Britain, July 13, 2018.  President Donald Trump has told a British TV interviewer that Queen Elizabeth II told him Brexit is …

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Trump-Putin summit: Why Helsinki was chosen

Dirck Halstead | The LIFE Images Collection | Getty Images  US Pres. Bill Clinton (L) & Russian Pres. Boris Yeltsin warmly shaking hands, all-smiles during summit press conference in March of 1997 in Finland. Finnish President Sauli Niinisto visited the White House in the summer of 2017, where Trump thanked …

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Where are you expecting from corporate results?

Spencer Platt | Getty Images  Traders work on the floor of the New York Stock Exchange on July 12, 2018 in New York City. All eyes will be on corporate earnings this week as earnings season shifts into high gear. Netflix is among the corporates that will lead the week’s …

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China posts second-quarter growth data amid trade war

Qilai Shen | Bloomberg | Getty Images A pedestrian walks past Chinese national flags hanging on a street light as residential buildings stand under construction in the background in Shanghai, China. China’s economic growth likely slowed in the second quarter of 2018 as Beijing cracked down on risky credit amid …

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