Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
Trump's disruptive trade confrontations have sent shockwaves through the business world, while, insiders say, companies may wonder whether associating with the president could...Politicsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Wall Street has IPO fever, and Renaissance Capital principal Kathleen Smith says healthy demand for these upstarts should keep the market red-hot this year.ETF Edgeread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
J.P. Morgan believes Micron shares can go higher even after its stunning rally.
The firm reiterated its overweight rating for the chipmaker's shares, citing strong demand for memory chips in the cloud computing market.
"Stay long Micron heading into earnings. We see further upside in Micron shares as the team is executing well in an overall constructive S/D [supply/demand] memory environment," analyst Harlan Sur said in a note to clients Monday. Memory "demand fundamentals likely to remain strong driven by robust cloud data center spending."
Sur reaffirmed his $82 price target for Micron shares, representing 41 percent upside to Friday's close.
The analyst said J.P. Morgan's recent survey of chief information officers suggested cloud computing workloads will quadruple during the next five years. He noted that Micron said cloud computing capital expenditures will triple by 2021 due to artificial intelligence market demand.
"Longer term, the company's increasing product (DRAM, NAND, NOR) and end-market diversification should dampen revenue/earnings volatility and also position the company to do well in markets (handset) that require multiple types of memory," he said.
Micron is scheduled to report its third-quarter earnings results on Wednesday.
The company's stock is up 42 percent this year through Friday versus the S&P 500's 4 percent gain.