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Deutsche Bank calls Amazon its top internet pick for the short term and long haul

Getty Images Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois. Amazon shares will surge this year due to its expansion into new industries and countries, according to Deutsche Bank. The firm raised its price target to $2,200 from $1,800 for Amazon shares, representing …

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‘Tightening now hurts all that we have done’

Mark Wilson | Getty Images President Donald Trump talks about his meeting with Russian President Vladimir Putin, during a meeting with House Republicans in the Cabinet Room of the White House on July 17, 2018 in Washington, DC.  President Donald Trump criticized the Federal Reserve’s monetary policy again. Tweet Link …

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Higher oil prices are threatening the growth of sukuk

Graeme Robertson | Getty Images Islamic Bank of Britain was launched in London, England in 2004. The bank has since been renamed to Al Rayan bank. Higher oil prices this year have reduced the need for energy-exporters in the Middle East to raise funds through the Islamic bond market — …

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Procter & Gamble shares downgraded by UBS because of rising inflation

Michael Nagle | Bloomberg | Getty Images A monitor displays Procter & Gamble Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 15, 2017.  Procter & Gamble’s profitability will suffer because of rising costs and product pricing pressure, according to …

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Trump is not interfering with Fed policy decisions

Mark Wilson | Getty Images President Donald Trump talks about his meeting with Russian President Vladimir Putin, during a meeting with House Republicans in the Roosevelt Room of the White House on July 17, 2018 in Washington, DC. The White House clarified statements made by President Donald Trump to CNBC …

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Comcast upgraded after it drops out of bidding war for Fox assets

Andrew Harrer | Bloomberg | Getty Images File photo: Comcast Chairman and CEO Brian Roberts speaks during a news conference in Washington, D.C. Comcast shares are more attractive after the company decided to walk away from its bidding war for Twenty-First Century Fox assets, according to Raymond James. The firm …

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Copper hits 1-year low, approaches bear market on trade concerns

Copper prices reached their lowest levels in a year on Thursday, as concerns that a global trade war could strain global supply chains and slow down the global economy. The metal’s futures for September delivery traded as low as $2.6735 per pound, their lowest since July 14, 2017, when it …

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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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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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‘There’s not much to dislike’ about Dow stock Visa, says trader

Visa has been on a tear this year, up 23 percent and leading the Dow. TradingAnalysis.com founder Todd Gordon is betting on a bigger rally for the stock when it reports earnings next week. Gordon told CNBC’s “Trading Nation” on Tuesday that “there’s not much to dislike” about the chart …

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