U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
With just two days under his belt at the helm of McDonald's, CEO Steve Easterbrook is already inspiring one firm to raise its price target on the fast-food giant's stock.
In a note to clients Monday, Bank of America Merrill Lynch analysts raised their price target to $112 from $101 and reiterated a "buy" rating. This represents about 12 percent upside from McDonald's closing price.
The firm continues to be a rare bull on McDonald's stock with the majority of analysts rating shares a "hold," according to FactSet.
The increased target reflects "higher restaurant group valuations and a greater potential for change under new CEO Steve Easterbrook, who views himself as an 'internal activist,'" analysts wrote in a report.
Easterbrook has his hands full turning around the company's U.S. unit and fixing continued negative sales trends in Asia after a food supplier scandal last summer.
He replaced Don Thompson, who struggled to revive the company's domestic sales. From Thompson's start date to the announcement that he would retire, McDonald's stock was nearly flat.
Investors have responded positively to the shuffle, sending McDonald's stock up nearly 13 percent since the retirement announcement.
Formerly the president of McDonald's Europe and CEO of two other UK-based restaurants, Easterbook is "unlikely to maintain the status quo," analysts wrote.
Part of the rise in McDonald's shares recently is also due to chatter about a possible activist investor in McDonald's, said Morningstar analyst R.J. Hottovy in a recent CNBC interview.