The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500-point gain in the final half hour as...Trader Talk with Bob Pisaniread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
California's Tehachapi Pass is already home to one of the largest wind farms in the world, and now Amazon is coming, building a huge wind project in the area. How...Powering the Futureread more
Morgan Stanley analyst Katy Huberty cut her price target on Apple in a note distributed to investors this week, marking the latest downgrade for the iPhone maker.
The firm cut its Apple price target from $240 to $231, but has not changed its estimates for sales or profits — it said the downgrade was based on Apple's peer companies' performance.
"Given the risk of further restrictive trade measures ... we expect shares to remain choppy, with a near-term floor around $160," Huberty wrote in the note. The stock is currently trading around $177, and is down more than 15% since May 1.
Apple has seen six analyst price cut targets in May as China trade war fears drag the stock down.
Apple is vulnerable to the U.S.-China trade war because the Chinese market (including Taiwan and Hong Kong) is its third-largest market, and it also does a lot of manufacturing in China, making it vulnerable to the current batch of proposed additional tariffs.
"In the event Apple is unsuccessful in persuading the [U.S. trade representative] to remove key categories from the final list of taxed goods, Apple's representative will have to submit a request for each particular product they'd like to be excluded, and provide a rationale as to why it should be excluded from the tariff list," according to the note.
It continued: "The situation remains extremely fluid and we admit that quantifying the overall impact of geopolitical tensions on Apple is difficult given the unknowns around timing, demand impact, retaliatory measures, exclusions, etc."