Nvidia shares will surge again this year due to a strong upgrade cycle in its gaming graphics chip business, according to one Wall Street firm. Bank of America Merrill Lynch raised its price target for the chipmaker to the highest among the firms covering Nvidia, citing the company’s product leadership […]
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Government shutdown threats aren’t new — but this standoff is far different
Twice under President Barack Obama, Republican lawmakers precipitated acute crises of governance. Now, as Donald Trump’s Washington nears a government shutdown, Republicans accuse Democrats of doing the same thing. The 2011 debt crisis and 2013 government shutdown bear a surface similarity to the current impasse. In the first two, a […]
Stocks making the biggest moves premarket: IBM, AXP, ACOR, LOW, FL, NKE & more
Check out which companies are making headlines before the bell: IBM – IBM broke a long string of revenue declines, chalking up its first gain in 23 quarters. It reported adjusted quarterly profit of $5.18 per share, beating estimates by a penny a share, but the company did warn that […]
Trump’s approval rating is the lowest for any president one year into his term, NBC/WSJ poll says
President Donald Trump scored a 39 percent approval rating in the new NBC/Wall Street Journal poll – the lowest approval rating in the survey’s history for any modern president after his first year in office. The poll was conducted Jan. 13 to 17, after the uproar began over Trump’s vulgar […]
Rising hedge fund stars are crushing the market, taking crown away from Einhorn, Ackman
The torch is passed as the old hedge fund guard is losing its touch in the current market. A new generation of under-the-radar hedge fund stars are soundly outperforming more experienced, better-known managers such as David Einhorn and Bill Ackman. The common thread among some of the best hedge fund […]
New Zealand PM set to be only the second world leader to give birth while in office
New Zealand Prime Minister Jacinda Ardern has announced that she is pregnant. The Labour leader, who was elected in October after she formed a center-left coalition, revealed Friday that the news of the surprise pregnancy came just six days before she became prime minister. “It was a week before (Deputy […]
US could topple Russia and Saudi Arabia as world’s largest oil producer this year, IEA says
The U.S. is well-placed to overtake the likes of Saudi Arabia and Russia as the world’s leading energy producer over the next 12 months, according to the latest monthly report from the International Energy Agency (IEA). “This year promises to be a record-setting one for the U.S.,” the IEA said […]
10-year Treasury yield jumps to its highest level since 2014
The yield on the U.S. 10-year Treasury jumped to its highest level since 2014 on Friday morning, underlining a wider move in bond markets caused by central banks moving away from financial crisis policies. The yield, which moves inversely to the price, rose to 2.642 percent from 2.611 percent on […]
Most Asian markets carve out moderate gains as US yields edge up
Most major indexes in Asia closed with gains on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns. Japan’s benchmark Nikkei 225 rose 0.19 percent, or 44.69 points, to close at 23,808.06. Financials closed higher on the […]
Here are some explosive allegations from the latest testimony on the Trump dossier
The latest congressional testimony about an infamous opposition-research dossier on Donald Trump is full of explosive allegations and suggestions about the real estate magnate-turned-president’s potential dealings with organized crime figures, the sources of his often-bragged-about wealth and potential entanglement between Russia and the National Rifle Association. In the November testimony […]