IN THE NEWS
Benzinga
Bitcoin’s civil war has come to a conclusion. Crisis has been averted. Bitcoin rallied to near all-time highs. The fork in the
road is inevitable: Link
Advanced Micro Devices, Inc. (NASDAQ: AMD) has been one of the hottest stocks over the past year, successfully
resuscitating itself from the brink of death, delivering a nearly 600 percent gain in the past 18 months: Link
Wall Street Journal
Five years ago, European Central Bank chief Mario Draghi took the stage in London to give the speech that ushered in the
beginning of the end of the continent’s sovereign-debt crisis:
Link
On the day the Senate moved on long-promised health-care legislation, President Donald Trump signaled his next priority:
overhauling the tax code to push corporate rates down and give middle-class taxpayers a break, even if it means some of the
wealthiest pay more:
Link
Bloomberg
If the Federal Reserve delivers any surprises at its meeting this week, they will probably come from news on when it plans to
start shrinking its balance sheet:
Link
Senate Republicans have embarked on an unpredictable and potentially chaotic floor debate aimed at repealing Obamacare amid
significant doubts that they can muster 50 votes to pass any kind of health bill:
Link
Reuters
Japan's Nintendo Co Ltd (OTC: NTDOY) on
Wednesday said it swung to a profit in the first quarter, beating analyst estimates, due to strong demand for its Switch console:
Link
The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked chief executives from companies representing the
two sides of the net neutrality debate, including Alphabet (NASDAQ: GOOG), Facebook (NASDAQ: FB), AT&T (NYSE: T) and Verizon (NYSE: VZ), to testify at a Sept. 7 hearing:
Link
New York Post
The virtual tokens, or coins, issued by some companies instead of traditional stock shares will be regulated like any other
security, the Securities and Exchange Commission said on Tuesday:
Link
ECONOMIC DATA
- Data on new home sales for June will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30
a.m. ET.
- The Treasury will auction 5-year notes at 1:00 p.m. ET.
- The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.
ANALYST RATINGS
- Jefferies upgraded Chipotle (NYSE: CMG)
from Underperform to Hold
- Wedbush upgraded DSW (NYSE: DSW) from
Neutral to Outperform
- Goldman upgraded Biogen (NASDAQ: BIIB) from Neutral to Buy
- Telsey Advisory downgraded Wynn (NASDAQ:
WYNN) from Outperform to Market Perform
- Deutsche Bank downgraded Zoetis (NYSE: ZTS) from Buy to Hold
- B. Riley downgraded II-VI (NASDAQ: IIVI) from Buy to Neutral
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