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
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...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
Morgan Stanley is getting more bullish on Amazon shares even after its stunning gains this year.
The firm reiterated its overweight rating and increased its price target to $2,500 per share from $1,850, representing 29 percent upside to Tuesday's close. It is the highest target out of the 41 analysts who cover Amazon, according to FactSet.
At a $2,500 stock price, Amazon would have a market valuation of about $1.2 trillion.
"We have increasing confidence that Amazon's rapidly growing, increasingly large, high margin revenue streams (advertising, AWS, subscriptions) will drive higher profitability and continued upward estimate revisions," analyst Brian Nowak said in a note to clients Wednesday.
Nowak noted that Amazon outperformed the top end of its operating profit guidance by an average of 60 percent during the past three quarterly reports. He predicts the company's high profit margin businesses such as Amazon Web Services cloud computing, subscriptions and advertising will generate nearly $45 billion in profit by 2020 from an estimated $25 billion this year.
Amazon shares closed up 3.4 percent Wednesday. Its stock is up 65 percent so far this year through Tuesday vs. the S&P 500's 8 percent gain.
In another note Wednesday, Nowak also raised Alphabet's stock price target to a Wall Street high $1,515.