Iran is pushing boundaries amid rising tensions in the Gulf, but President Trump has so far not been "compelled" to retaliate militarily, analysts say.World Politicsread more
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The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
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UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
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The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
Investors should buy Chevron shares as a top pick in the energy space because of the company's ability to absorb oil losses and still pay a dividend, according to Piper Jaffray, which upgraded its rating on the oil giant to overweight from neutral.
"We believe CVX is an attractive name at this point of the cycle ... we believe CVX offers impressive financial resilience and dividend sustainability alongside leading operational leverage to eventual oil price normalization and a seemingly more sustainable business model than peers," said Piper Jaffray's Guy Baber in a Monday note to clients.
Baber raised Chevron's price target to $117 from $110, which represents near 16 percent upside from Monday's close. The firm trades at 12.3 times the price-to-earnings multiple of major oil companies, a 6 percent premium, according to the note. Chevron has rallied more than 13 percent since the beginning of this year.