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Wall Street Roundup: Analysts Make Moves on These 3 Stocks

The bull market is charging on, with the Dow Jones, NASDAQ, and S&P 500 indexes all closing out last week by recording new record highs. It looks like the good times will be with us for the New Year celebrations, and some of the Street’s top analysts are making appropriate buying recommendations.Here at TipRanks – where we track and measure the performance of analysts – we’ve opened up a helpful analytic tool. The Daily Stock Ratings tool brings the most up-to-date info on the markets right to your fingertips, so you’ll know which stocks are attracting attention, and which analysts …read more […]

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Popular Middle East Oil Falls From Favor on Cusp of IMO 2020

(Bloomberg) — Once a highly sought-after grade of oil from the Middle East, Abu Dhabi’s Murban is falling out of favor as the world’s top refiners seek out other types of crude ahead of a historic ship-fuel overhaul.Murban is typically prized for its light and middle distillate yield but the grade’s price has dropped as Asian refiners focus on purchasing oil that produces more low-sulfur, high-viscosity marine fuels due to IMO 2020. Buying interest has also dimmed as rising supertanker rates made supplies from Russia’s Far East and the Asia-Pacific more attractive.Ships are mandated to use fuels with 0.5% sulfur …read more […]

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Netflix Price Cuts Are Heating Up India’s Streaming War

(Bloomberg) — Netflix Inc. and its rivals are facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming.The country’s three wireless carriers hiked data tariffs by as much as 41% earlier this month, leaving some customers in India, where most streaming is done on phones, with less to spend on entertainment services like Netflix, Apple Inc.’s TV+ service — which debuted there last month — and those of local competitors.Cheap broadband, a well-established film culture …read more […]

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Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which have agreed to give Tesla the financial support, one source with direct …read more […]

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3 Stocks with Growth Prospects in the Triple Digits

The objective of any investor is a simple one: to make money.While this objective couldn’t be clearer, it is much harder putting it into action. How is one to spot the potential of a stock on a downward spiral or one which has been rising high yet still has more fuel in the tank? Or what about the investor’s holy grail; Catching a stock before it takes off and then reaping its multiplying rewards?TipRanks’ Stock Screener comes in handy here. The tool includes filters such as price target, analyst consensus and news sentiment, amongst others, to help investors get the …read more […]

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Bayer shares up 3.5% after U.S. government's backing in glyphosate lawsuit

Bayer shares rose as much as 3.5% on Monday, reaching their highest level in 14 months, after the United States government said that a $25 million glyphosate decision against the company should be reversed. The U.S. Environmental Protection Agency and the Justice Department on Friday said in a friend of the court brief a federal appeals court should reverse a lower court verdict finding the company liable in the case of a man who blamed the weed killer by Bayer’s U.S. unit Monsanto for his cancer. Bayer denies its Roundup weed killer causes cancer. …read more […]

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Bayer shares up 3.5% after U.S. government's backing in glyphosate lawsuit

Bayer shares rose as much as 3.5% on Monday, reaching their highest level in 14 months, after the United States government said that a $25 million glyphosate decision against the company should be reversed. The U.S. Environmental Protection Agency and the Justice Department on Friday said in a friend of the court brief a federal appeals court should reverse a lower court verdict finding the company liable in the case of a man who blamed the weed killer by Bayer’s U.S. unit Monsanto for his cancer. Bayer denies its Roundup weed killer causes cancer. …read more […]

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JD.Com's logistics unit taps banks for potential $8-$10 billion IPO: sources

The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters. JD Logistics is targeting a valuation of at least $30 billion, according to the people, who declined to be named as the information is confidential. The unit is expected to select banks for the initial public offering (IPO) in the second quarter of next year and will use the funds for warehouse expansion and potential acquisition purposes, one person …read more […]

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Credit Suisse blames former COO for covering up second spying case

Credit Suisse on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank’s then-head of human resources followed in February and covered it up. Switzerland’s second-biggest bank confirmed it was behind the second internal spying scandal to surface this year after a newspaper report last week detailed former HR head Peter Goerke’s tailing. The matter comes as an embarrassment to Credit Suisse after an earlier probe into spying on wealth management executive Iqbal Khan depicted the incident as a one-off. …read more […]