The moves make for a difficult backdrop as negotiators are expected to meet to review the phase one trade deal signed early this year.
At 120 days since its latest record, the benchmark index is on pace for the fastest recovery ever.
With other tech giants facing antitrust scorn, Microsoft could walk away with a social media gem. Is that a good thing? NYU professor Scott Galloway weighs in.
Wedbush analyst Dan Ives and Deutsche Bank analyst Jeriel Ong both increased their targets.
Apple has rallied 55% this year, adding nearly $700 billion in market value—the equivalent of adding Cisco Systems, Oracle, Salesforce.com, and Zoom Video, with room to spare.
TF International analyst Ming-Chi Kuo thinks Apple might be required to remove WeChat from the App Store on a global basis, hurting iPhone sales in China.
Nikola announced an order for 2,500 battery-powered trucks from waste hauler Republic Services. Investors are finally getting the news they wanted to hear when earnings were announced.
For the company’s fourth quarter ended in July, Cisco has projected a year-over-year sales decline ranging from 8.5% to 11.5%.
“We’re proud of our strong first-quarter performance, despite unprecedented volatility and uncertainty in the market and across the globe,” CEO David Klein said in the news release.
The retailer said sales at stores open at least a year increased about 18% from last year—upbeat news as other chains have struggled with the pandemic.
The company has joined with Norwegian Cruise Line to come with recommendations for health and safety protocols.
For the second quarter, Barrick reported earnings of 20 cents a share, ahead of consensus estimates calling for 18 cents a share, according to FactSet.
Analyst Adam Samuelson raised his price target for the alternative-protein pioneer from $44 to $112. The stock was at $125.
The deal between the industrial conglomerate and the energy-services giant is another example of how software is taking over the world—even in the hardware-dominated industrial sector.
Federal Reserve announces post-stress-test ratios.
U.S. dollar weakness could be a “double-edged sword” for the world’s biggest miners, boosting commodity prices but also increasing costs domestically, according to UBS analysts.
IAC/InterActiveCorp, fresh off its separation from Match Group, unveiled a 12% stake in the company.
The pandemic has given a boost to the company’s cloud-based offerings.
Shares of lodging giant Marriott are slightly higher after it reported a big second-quarter loss. CEO Arne Sorsenson called overall conditions “quite challenging.”
The Amplify Online Retail ETF has rallied nearly 80% this year, and now dwarfs its bricks-and-mortar-focused peers.
The two assets should supplant bonds as inflationary pressures eventually ramp up, argues a Bridgewater Associates’ Bob Prince.
The business, owned by ByteDance, is a force that cannot be ignored among social-media companies, with its unique blend of content distribution, short-form video, and revenue growth.
NPR reports that the lawsuit will argue that the executive order is unconstitutional because it failed to give the company a chance to respond.
China Beige Book’s Shehzad Qazi discusses why the U.S. and China remain far apart on everything from social media to trade.
