Oppenheimer analyst Andrew Uerkwitz sees a major transformation happening in the smartphone market, and he believes that the latest news from Chinese handset maker OnePlus is a further indication that this change is coming sooner rather than later. In a new report, Uerkwitz discussed what the announcement of OnePlus’s latest phone means for competitors such…
The most recent Baker Hughes rig counts last week showed a week-over-week increase of 19 U.S. rigs and 8 Canadian rigs. However, Morgan Stanley analyst Adam Longston argues that oil investors should take little comfort in rising rig numbers.
Chinese Internet giant Baidu Inc (ADR) BIDU 0.7% announced on Thursday that it has approved a $1 billion share repurchase program. The buybacks will take place over the next year and will be funded by the company’s current cash balance.
Janus Capital Group Inc JNS 0.8%’s Bill Gross just released his Investment Outlook for August, and this edition focused on the fallout from the historically-low interest rate environment that has been in place ever since the Financial Crisis. According to Gross, while low interest rates started out as a solution to the world’s economic woes,…