Bloomberg TV Lisa Shalett told Bloomberg she sees consumer data that points to a strong recovery. The Morgan Stanley Wealth Management CIO said the buffer for the consumer will continue
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The stock market is set for a 10% correction before the US economic recovery sparks a bounce-back at the end of 2020, Morgan Stanley says
BRYAN R. SMITH/AFP via Getty Images Morgan Stanley analysts predict that stocks are set for a 10% correction in the coming months after the huge gains seen since the early
Continue reading »A Wall Street chief strategist breaks down the 4-part ‘superfecta’ that will keep stocks soaring
Spencer Platt / Getty Images Where some analysts fear the stock market’s run-up is losing steam, Jim Paulsen, chief investment strategist at The Leuthold Group, found four reasons why stocks
Continue reading »Tech stock rally is far from repeating the 1990s dot-com bubble, SunTrust says
VCG/Getty Images Though tech stocks’ rally has outpaced most other sectors, the sector is far from returning to dot-com era levels of overvaluation, Keith Lerner, chief market strategist at SunTrust
Continue reading »Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses
Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $46 billion erased from the tech giant’s
Continue reading »Warren Buffett’s dealmaker closed the biggest ‘blank-check’ takeover ever this month. Here’s why he may owe the Berkshire Hathaway chief for the deal.
Warren Buffett’s dealmaker struck an $11 billion deal to acquire MultiPlan this month, marking the biggest “blank-check” takeover to date. Former Citi banker Michael Klein got to know MultiPlan and
Continue reading »Visa is rolling out contactless payments on public transport in 500 cities as the pandemic-driven demise of cash continues
Visa has expanded no-contact payments for public transportation systems to 500 cities around the world as the pandemic continues to disrupt how people pay for things. The financial-solutions company said
Continue reading »Netflix tanks on earnings miss and disappointing subscriber-growth forecast
Netflix shares dropped as much as 8.5% in premarket trading on Friday after the group's second-quarter earnings and third-quarter forecasts disappointed Wall Street. The video-streaming giant added 10 million subscribers
Continue reading »Warren Buffett’s former lieutenant quit to build her own Berkshire Hathaway, and she just closed her first deal
Warren Buffett’s protégé recently left Berkshire Hathaway to build her own conglomerate. Tracy Britt Cool’s Kanbrick investment firm struck its first deal this week, taking a stake in Thirty-One Gifts,
Continue reading »Twitter stock dives in pre-market after a widespread hack took control of major celebrities’ accounts including Bill Gates, Elon Musk, and Warren Buffett | Currency News | Financial and Business News
SOPA Images/Getty Twitter stock plummeted 7% in pre-market trading on Thursday after it was hit with a massive blue-tick hack as many verified accounts reported being unable to tweet. The
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