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
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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
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
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
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
IBM's stock price will rally due to strong demand in key technology growth markets, according to UBS.
The firm raised its rating to buy from neutral for the company, predicting IBM will generate earnings above expectations next year.
"We think sustainable growth for IBM is on the horizon," analyst John Roy said in a note to clients Tuesday. "The mainframe cycle will be ending and the FX headwinds are likely to hurt the top-line optics, but we believe this is priced in. IBM is operating better but we believe the multiple could expand as it beats expectations on Analytics and Cloud."
IBM shares rose 1.8 percent Wednesday.
The analyst said his firm's survey of IT executives reveals strong demand for IBM services, artificial intelligence and cloud offerings. He noted that IBM's cloud computing business, which competes with Amazon Web Services, grew 22 percent in sales last year to $7.2 billion.
Roy increased his price target to $180 from $160 for IBM shares, representing 21 percent upside to Tuesday's close.
The analyst estimates IBM will generate 2019 earnings per share of $14.25 versus the $14.04 Wall Street consensus.
IBM shares are underperforming the market this year. Its stock is down 3 percent year to date through Tuesday versus the S&P 500's 9 percent return.
— CNBC's Michael Bloom contributed to this story.