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
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
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
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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Ford shares rose Friday after Bank of America Merrill Lynch upgraded the equity to buy from neutral.
The brokerage highlighted Ford's favorable profit outlook, the result of what's expected to be a strong utility vehicle and truck lineup over the next few years and a major restructuring at the automaker.
The upgrade comes as "Ford's 'tough' days [are] starting to fade into the rearview," wrote Bank of America Merrill Lynch autos analyst John Murphy. The company should "hit Escape velocity in 2H:19+ with solid Car Wars position ... upgrade to Buy."
The shares rose 1.1% in premarket trading.
Murphy bumped his price target on Ford to $14 per share from $13, implying about 37% upside from Thursday's close. He also increased his 2020 and 2021 earnings per share estimates to $1.30 and 90 cents, respectively.
"Ford is just starting to hit a more sustainable inflection in earnings (even more so in 2020), driven by the combination of a favorable product cadence in the all-important US/[North America] market and restructuring efforts," the analyst wrote.
"Our annual Car Wars analysis indicates that Ford will have one of the freshest line-ups in the US market over the next four years," he added. "Combined with the company's strategy to exit the passenger car segment, this product cadence bodes well for market share, mix/price, and profits in Ford's North America business."
Murphy did note that all automakers could see headwinds in coming months as a result of an economic downturn in the United States or persistent trade disputes around the globe.
Murphy also underscored uncertainty around interest rates, foreign exchange and commodity prices, though noted that those questions weren't enough to offset the promise of Ford's internal turnaround and organic strength into the next two years.