Verizon's Discounted Stock Seen Rising 10% Higher

(Note: The author of this fundamental analysis is a financial writer and portfolio manager. He and his clients own shares of VZ.) Verizon Communications Inc.’s (VZ) stock has lagged the broader S&P 500 for the past three years. However, the middle of May shares has been on a roll, rising by about 10% and outpacing the S&P gain of just 4%. […]

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Trade War Puts Qualcomm-NXP Deal’s Fate in Question

Qualcomm (NASDAQ:QCOM), one of the largest American telecom equipment companies, has been trying to settle its $43 billion acquisition of Dutch automotive chip firm NXP Semiconductors (NASDAQ: NXPI) for almost two years. However, pending regulatory approvals have kept investors glued to their screens to monitor the extreme volatility of the stocks.   Qualcomm is one of the industry pioneers when it […]

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ABB shares jump after profit beats forecasts

Shares in ABB Ltd. (ABBN.EB) rose sharply Thursday morning as investors shrugged off weak top-line growth to focus on second-quarter net profit, which came in ahead of expectations. Net profit for the quarter rose 30% in U.S. dollar terms to $681 million, comfortably beating a FactSet-compiled consensus of $627 million. "Through our continued productivity efforts, we delivered margin improvement and […]

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Commerzbank, China’s ICBC ally on Belt and Road

Commerzbank AG (CBK.XE) and Industrial & Commercial Bank of China Ltd. 1398 have launched a partnership to support projects relating to China’s Belt and Road Initiative, Commerzbank said Thursday. The Belt and Road Initiative is an extensive Chinese investment program that seeks to expand maritime routes and land infrastructure networks connecting China with Asia, Africa and Europe. The new partnership […]

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Opinion: Old-School Chinese Tech IPO Bedeviled by Startups

China’s new economy is bedeviling the old one. Valuation expectations have fallen for China Tower, just as they did for smartphone maker Xiaomi. The techlash is bringing at least some sense back to the market. China Tower was formed in 2014 by the country’s three big telecom operators to pool their mobile masts and other infrastructure. After the decision to […]

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Rupee slips 12 paise to 68.74 against US dollar

The rupee weakened by 12 paise to 68.74 against the US dollar on Thursday, hurt by fresh demand for the American currency from importers. Traders said besides fresh demand of the US currency from importers, dollar’s firmness against some currencies overseas weighed on the domestic unit. However, a higher opening of the stock market capped the rupee’s fall. The local […]

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Most Asian stocks rise with Nikkei on track for five-day winning streak

Most Asian stocks rose moderately Thursday, taking their cue from the U.S. markets where stocks got a boost from a Federal Reserve report that painted a rosy picture of the U.S. economy. The Beige Book, a collection of anecdotal account of business conditions, showed that 11 of the 12 districts surveyed were expanding at a “modest” or faster pace with […]

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Gold inches higher as US dollar eases

Gold prices rose slightly early Thursday, after hitting a one-year low in the previous session, as the U.S. dollar eased off a three-week high. Gold prices rose slightly early Thursday, after hitting a one-year low in the previous session, as the U.S. dollar eased off a three-week high. Spot goldwas up 0.1 percent at $1,227.55 an ounce at 0058 GMT. […]

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