We have geopolitical tensions to add to a plate of investor concern filled with COVID-19 concerns. However, US stocks point to a rally for Tuesday, after a slow start to the week. Our call of the day from Nordea’s chief macro strategist, Sebastien Galy, says it’s time to be more …
Read More »Apple Shares Inches Towards $ 400 As Analysts Raise Price Targets Once Again
Text size Al Bello / Getty Images Apple shares climbed to new highs on Monday, crossing the $ 1.7 trillion valuation level for the first time and approaching $ 400 a share, as two more analysts raised the company’s price targets ahead of quarterly earnings. June due July 30. Bullish …
Read More »European Actions Fail Over Concerns Over California Closure
Shoppers wearing face masks leave a shopping mall in Berlin on April 29, 2020 amid the new coronavirus pandemic COVID-19. john macdougall / Agence France-Presse / Getty Images European stocks fell on Tuesday, reversing the gains of the previous day on concerns about the closure of the state of California …
Read More »Big Tech’s latest reckoning is coming as it continues to rack up record valuations
Tech’s top four CEOs should be nervous as they approach a virtual hearing on July 27 before the House of Representatives’ Antitrust Subcommittee on the Judiciary. Apple Inc.’s AAPL Tim Cook, Amazon.com Inc. AMZN Jeff Bezos, Facebook Inc.’s full board Mark Zuckerberg and Alphabet Inc.’s GOOGL GOOG Sundar Pichai can …
Read More »Online food prices rise as food companies struggle to meet demand
Online food prices have risen 4.2% in the past six months according to the latest data from Adobe Inc. as grocery e-commerce accelerated amid the COVID-19 pandemic and producers of Foods struggled to keep up with continued high demand. “We have always thought that the online market is a ‘value …
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