Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Deutsche Bank reiterated its buy rating for Facebook shares, predicting the social media giant will report sales above expectations next year.
"Facebook is the new IBM (in a good way). Just as the saying went that 'nobody got fired for buying IBM' in enterprise tech, we think FB is growing into a similar position in advertising, with best-in-class ad systems (targeting, creative and attribution); a large growing audience across numerous products; and a well-oiled sales machine," analyst Lloyd Walmsley wrote in a note to clients Thursday.
"We see Facebook as having the most upside to estimates over the next 6-12 months and our favorite name among the large cap Internet space."
Facebook shares was fractionally higher Thursday.
Walmsley raised his price target for the company to $220 from $215, representing 31 percent upside to Wednesday's close.
He said discussions with ad agency executives revealed strength in spending for Facebook ads.
"Our recent ad conversations point to continued growth in same client spend, some noting an acceleration in 3Q relative to 2Q (with particular strength in July)," he wrote. "While the important September month is not closed the breadth of positivity makes us comfortable increasing our estimates nonetheless."
Walmsley raised his 2018 Facebook revenue forecast to $52.2 billion from $50.5 billion versus the $50.7 billion Wall Street consensus.
The company's shares have rallied 45.8 percent this year through Wednesday, compared with the market's 12 percent gain. But the stock is down 2.5 percent this month compared with the S&P 500's 1.4 percent gain.