Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Stifel reiterated its buy rating for Intel shares, citing Apple's small market share in the PC industry.
Intel's stock dropped sharply on Monday after Bloomberg reported that Apple would ditch Intel chips for an in-house model on Mac computers. Its shares fell as much as 9 percent after the report and then regained ground, ending the day down 6 percent.
"The market is over reacting to Apple's announcement for using an internally developed CPU for its Mac systems as early as 2020," analyst Kevin Cassidy wrote in a note to clients entitled "Potential Apple Move Not a Major Threat to Intel" on Monday. "According to IDC, Apple had 7.3% traditional PC unit market share in 4Q17."
He recommended investors buy Intel shares on Monday's weakness.
Cassidy reaffirmed his $53 price target for Intel shares.
He estimated Apple generated only 4 percent of Intel's revenue last year and less than 1 percent of its profits.
"We do not expect any other PC manufacturers will consider designing its own CPUs," he wrote.