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Alibaba (NYSE: BABA) stock price is well set to extend a bullish trend, according to market pundits. The stock price rose close to 40% year to date from its 52-weeks low of $130 a share. Despite trade war headwinds, the company has been enhancing investor’s confidence through its robust financial numbers and investment strategies. Alibaba…
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The New York Federal Reserve has now pumped $128 billion into overnight lending markets in a bid to lower the interest rates. The drastic action was implemented in two days. On Tuesday, the central bank injected $53 billion and another $75 billion on Wednesday. The Federal Reserve was staring at soaring interest rates that could…
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Latest earnings report from FedEx (FDX) shows a gloomy picture for the economy. The world-renowned company’s stock highlighted the most pressing problems with the global economy. Bad days for FedEx FedEx is a global shipping giant which is often used as a benchmark for global economic conditions. Unfortunately, things don’t seem so good this time….
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Intel Corporation (NASDAQ: INTC) stock price regained upside momentum since it announced second-quarter results. The stock is up 15% in the last month alone. It is currently trading around $52, down slightly from 52-weeks high of $59 a share. Unfortunately, Citi sees limited upside potential for Intel stock price. Citi analyst Christopher Danely has set…
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2019 has been an uncomfortable year for investment banks. For Wall Street giant Morgan Stanley, things have been going south. Its revenues dipped in the first half of the year. Now their finance boss is pointing to interest rates as the bank meets a similar fate in the second half of 2019. What is the…
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Asian stock markets are operating positively on September 11 as China announced the removal of financial restrictions for global institutional investors. The goal shows China keeps moving forward on its financial reform. International investors would be able to have easier access to equities and bonds in the Asian country. Asian Markets Move Higher At the…
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NVIDIA (NASDAQ: NVDA) stock price lost almost half of its value during the last two months of fiscal 2018. Although it regained some momentum since the beginning of the year, the stock is still down significantly from 52-weeks high of $292 a share. The stock is currently trading below $200 level. The bearish trend in…
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American technology company Apple (AAPL) and its manufacturing partner Foxconn are reportedly breaking Chinese laws in an iPhone factory. China Labor Watch recently alleged that the companies are involved in labor rights violations in the country. Apple’s newest headache Every September, Apple holds grand events unveiling its new smartphones and other devices. However, this time,…
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China’s new bank lending went up slightly in August, according to a recent Reuters survey. However, outstanding loan growth remained on the lower side, which raised pressure on policymakers to avail plenty of liquidity in the face of an ongoing trade war. The situation was evidenced in the People’s Bank of China (PBoC), which on…
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The China Labor Watch advocacy group has released a damming report on labour laws violation by Apple, and it’s Chinese manufacturing partner Foxcom. According to the report released on Sunday, Foxcom is accused of not paying bonuses, failure to maintain safety training, and hiring more part-time employees as stipulated by Chinese law. The investigation was…
