Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Amazon is valued at just over $900 million but, as of Wednesday, one analyst is advising investors that the stock will climb nearly 50% over the next year.
Pivotal Research analyst Michael Levine has a price target on Amazon of $2,750 a share, the highest on Wall Street according to Tip Ranks. That's well above second-highest forecast, Cowen's $2,500 target.
Amazon has "the highest quality management and franchise within global internet" and is therefore "a must own name with huge upside even from here," Levine said in a note to investors. That's because the company's Amazon Web Services (AWS) cloud business "will surprise" investors with its growth, he said, and Amazon's "move towards one day shipping is a significant step to owning the consumer's wallet."
Levine's price target would value the company at $1.35 trillion.
"Despite deceleration, [it] remains the most open-ended story in large cap tech," Levine said.
Amazon shares were 0.7% lower in premarket trading from Tuesday's close of $1,836 a share.