President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
T-Mobile will still thrive on a stand-alone basis, according to a Wall Street firm.
Talks between Sprint and T-Mobile over a possible merger have come to a halt, both companies announced Saturday.
Deutsche Bank on Thursday raised its rating for T-Mobile shares to buy from hold, predicting the company will increase its dividend and stock buybacks.
"The 'new reality' of US Wireless includes maturing/slowing growth, and rising competition (both from T-Mobile/Sprint, as well as new Cable MVNOs). Amidst this backdrop, we think T-Mobile is best positioned," analyst Matthew Niknam wrote in the note to clients.
"Relative to service provider peers, we believe T-Mobile is a stand out given the combination of growth, profitability/FCF and accelerating shareholder returns. "
Niknam reaffirmed his $65 price target for T-Mobile shares, representing 16 percent upside from Wednesday's close.
The analyst said the company's current debt to earnings before interest, tax, depreciation and amortization (EBITDA) multiple is 2.6 times versus the company's target range of 3 times to 4 times. As a result, he believes T-Mobile can take on more debt enabling increased shareholder capital return.
"We see an increasing likelihood of buybacks/dividends in upcoming periods," he wrote. "If we assume TMUS were to go to the low-end of its leverage target (3x), it could (theoretically) return 50% of its market cap in the form of shareholder returns by 2020."
The company currently does not have a dividend, according to FactSet.
T-Mobile shares are underperforming the market so far this year. Its stock is down 2 percent year to date through Wednesday compared with the S&P 500's 16 percent return.