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Monthly Archives: August 2018

Barclays bumps S&P 500 target higher after strong q2 earnings

Ronaldo Schemidt | AFP | Getty Images Celebration of San Juan de Dios festivity in Tultepec, near Mexico City, Mexico. Barclays raised its year-end projection for the S&P 500 on Thursday, explaining that the bank’s new forecasting model better captures strong second-quarter earnings. Chief equity strategist Maneesh Deshpande revised his …

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Secretary of State Mike Pompeo to travel to North Korea next week

Andrew Harnik | Reuters Secretary of State Mike Pompeo arrives at Sunan International Airport in Pyongyang, North Korea on July 6th, 2018. Secretary of State Mike Pompeo announced on Thursday that he would travel to North Korea next week to continue negotiations over the country’s nuclear disarmament. The announcement came …

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Morgan Stanley is trying to get clients to pay attention to space

Stratolaunch The family of launch vehicles Stratolaunch announced on Aug. 20, 2018, as it prepares the massive airplane for its first flight.  The space industry grew 7.4 percent last year to be worth over $384 billion, the Space Foundation said in a July report. Morgan Stanley sees that economy growing …

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Trump says ‘the coal industry is back.’ The data say otherwise.

Throughout much of Trump’s tenure, the change in employment has been too small for the bureau’s economists to say with confidence that coal miners actually added or cut jobs in the real world. The bureau does not actually count workers, but makes projections about employment in a given sector by …

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Buy these 6 consumer stocks due to rising wages

Mike Kane | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Jefferies is getting more optimistic on rising wages, seeing a shift in several global labor markets as helping companies which sell to consumers. “An embryonic wage cycle is appearing in Japan, US, Netherlands and Germany …

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Analyst upgrades Tempur Sealy to overweight, sees 30% upside

Bedding manufacturer Tempur Sealy’s stock should rally 30 percent over the next year given reduced competition and the possibility of a new partnership with a major retailer, according to KeyBanc Capital Markets. The closure of roughly 1,000 Mattress Firm locations should add 48 cents to Tempur Sealy’s earnings per share, …

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Alibaba, Softbank invest $3 billion in Ele.me, Koubei

Qilai Shen | Bloomberg | Getty Images A driver for Ele.me, Alibaba Group Holding Ltd.’s food-delivery platform, rides a motorcycle along a road in Shanghai, China, on Monday, Aug. 20, 2018.  Ele.me, the food delivery business owned by Alibaba, and Koubei, have been merged and received $3 billion in funding from …

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Trump admits he paid hush money, ducks question on Manafort pardon

Bill Clark | CQ Roll Call | Getty Images Donald Trump, Paul Manafort and Ivanka Trump check the podium at the 2016 Republican National Convention in Cleveland, July 21, 2016. Speaking to “Fox & Friends,” Trump was asked whether he was considering pardoning his former campaign chairman. He didn’t rule …

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Merkel reportedly wants a German for the EU’s top job

Mikhail Svetlov | Getty Images News | Getty Images GRANSEE, GERMANY – AUGUST 18: German Chancellor Angela Merkel speeches during her meeting with Russian President Vladimir Putin (not pictured) at Meseberg governmental house August 18, 2018 in Gransee, Germany. Chancellor Angela Merkel won’t push for a German to be the …

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Huawei and ZTE banned from selling 5G equipment to Australia

Qilai Shen | Bloomberg | Getty Images An attendee uses a mobile phone while standing in front of the Huawei Technologies Co. booth at the Mobile World Congress Shanghai in Shanghai, China, on Thursday, June 28, 2018. The exhibition runs through June 29.  China’s Huawei and ZTE have been banned …

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