Month: December 2017

Heinz-Peter Bader | Reuters Saudi Arabia’s Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end of 2018. U.S. West Texas
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Salvador Rodriguez | Reuters Attendees at Amazon.com annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, November 30, 2017. One Wall Street analyst is getting more bullish on Amazon’s cloud computing business. Wells Fargo reiterated its overweight rating and increased its price target on Amazon shares to $1,525 from $1,430,
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JPMorgan is advising investors to bet against shares of electric car-maker Tesla because the company is likely raise more capital, diluting its stock. Also, competition from other automakers will increase, with some established auto giants looking to reap benefits from government subsidies, wrote analyst Ryan Brinkman. “Tesla will face several milestones in 2018 relative to
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