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Monthly Archives: July 2018

AT&T upgraded at Bank of America Time Warner, tax cuts buoy outlook

AT&T’s merger with Time Warner, combined with better-than-expected wireless business trends and a lower corporate tax rate, presents a compelling opportunity for investors, according to Bank of America Merrill Lynch. Analysts at the brokerage upgraded shares of the telecommunications giant to buy from neutral on Monday, advising clients to pick …

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Trump’s 8-9% US growth prediction is not possible, strategist says 

Brendan Smialowski | AFP | Getty Images President Donald Trump boards Air Force One at Andrews Air Force Base July 24, 2018, in Maryland.  Mike Gallagher, managing director at financial consultancy Continuum Economics, played down stellar predictions of growth by Donald Trump, adding that recent polices implemented by the U.S. …

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Two Bank of America charts point to oil breakout

Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first …

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American Airlines flights resume after brief outage

Robert Alexander | Getty Images An American Airlines Boeing 737 passenger plane taxis from a gate to the runway at Ronald Reagan Washington National Airport in Washington, D.C. A system-wide computer outage at American Airlines resulted in a brief nationwide halt on Sunday for the company’s flights. The company’s main …

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From Ritz crackers to McDonald’s salads, food recalls are on the rise

Frederic J. Brown | AFP | Getty Images A man shops for vegetables beside Romaine lettuce stocked and for sale at a supermarket in Los Angeles. U.S. food safety regulators are recalling about twice as many products as a decade ago, pulling Ritz crackers, Goldfish and Swiss rolls off grocery …

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Facebook says it’s getting close to pulling Alex Jones InfoWars pages

Lucas Jackson | Reuters Alex Jones from Infowars.com speaks during a rally in support of Republican presidential candidate Donald Trump near the Republican National Convention in Cleveland, Ohio, U.S., July 18, 2016. Several Facebook pages tied to Alex Jones, including the official pages for Infowars and Alex Jones himself, are …

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Trump suggests economy could grow at 8 or 9 percent if he cuts the trade deficit

Leah Mills | Reuters President Donald Trump speaks with the news media before boarding Marine One for travel to Europe from the White House, in Washington, July 10, 2018. President Donald Trump told talk show host Sean Hannity that he could imagine the economy growing at 8 or 9 percent …

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Amazon sales grew by $15 billion year over year, blowing away peers

Mike Kane | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Amazon posted sales numbers that grew by $15 billion year over year when it reported second-quarter earnings Thursday. Its peers in retail and cloud services don’t come anywhere near that level of growth. Amazon reported …

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Intel plunges on competition concerns, product delays

Justin Sullivan | Getty Images Intel employees walk by a sign as they enter their office in Santa Clara, California. Shares of Intel were down more than 8 percent on Friday, on fears of stiffening competition and product delays. Despite that the chipmaker reported strong second quarter earnings and revenue …

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Trump is open to visiting Putin in Moscow, still looks forward to hosting him in Washington

Saul Loeb | AFP | Getty Images President Donald Trump speaks about trade at US Steel’s Granite City Works in Granite City, Illinois July 26, 2018.  The White House on Friday said President Donald Trump looks forward to hosting Russian President Vladimir Putin in Washington next year, and said he …

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