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Tag: Street

Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021

Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021

Finance
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming.The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels."I've got 3,500 as my target for next year," he told CNBC's "Trading Nation" on Friday. "We'll get there on higher earnings with maybe somewhat higher valuation as the perception continues to be that interest rates aren't going up much, if at all."Despite the major indexes breaking a three week win streak on Friday, Yardeni highlights the market's recent composure for his latest bullish forecast. He gives the drone attack on Saudi Arabia's infrastructure last weekend as an example of what could have been easily viewed as a strong cataly...
One in 10 shops now empty as high street slump hits four-year high

One in 10 shops now empty as high street slump hits four-year high

Business
The number of stores left vacant in high streets has reached its highest level in the past four years, figures show.Figures from a survey by the British Retail Consortium and Springboard show more than one in 10 stores were left empty in July - the highest since January 2015. The report said the number of shoppers also fell by 1.9% last month, marking the worst decline for July since 2012.It comes as a wave of restructuring and bankruptcies have hit retailers as they struggle to compete with online rivals with towns such as Doncaster in South Yorkshire seeing one in five shops sitting empty.Diane Wehrle, marketing and insights director at Springboard, said the rising vacancy rate "highlighted the ongoing challenges faced by bricks and mortar destinations". ...
Uber shares tumble as profit figures disappoint Wall Street

Uber shares tumble as profit figures disappoint Wall Street

Technology
Uber's shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations.Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss.Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive pressures are easing.But that didn't stop Uber's share price tumbling 13% in after-hours trading.On Wednesday, rival Lyft reported figures that were generally welcomed on Wall Street, and there was an expectation that Uber would also post positive numbers.But Uber's loss widened to $ 5.2bn (£4.3bn) in the three months to 30 June, from $ 878m in the quarter last year. The figures reflected $ 3.9bn of share-bas
Wall Street is relying too much on the Fed to extend the record rally, Wilmington Trust warns

Wall Street is relying too much on the Fed to extend the record rally, Wilmington Trust warns

Finance
Even if the Federal Reserve cuts rates later this month, Wilmington Trust's Meghan Shue warns the market is vulnerable to a correction.The firm's senior investment strategist believes Wall Street is overestimating the Federal Reserve's influence to support the record highs. "The market is putting a lot of stake in the ability of the Fed to support the market," she said on CNBC's "Futures Now " last Thursday.Shue sees a number of red flags that could prevent stocks from staying at record highs. She shifted to neutral from positive on the market in early May in reaction to the U.S.-China trade talks breaking down. "We've been a little bit more cautious," said Shue, a CNBC contributor. "If we do get that next round of tariffs on the remaining imports from China, we think it would be enough to...
Ex Coronation Street star, 61, proposes to stripper girlfriend on 21st birthday

Ex Coronation Street star, 61, proposes to stripper girlfriend on 21st birthday

Entertainment
CORONATION Street legend Christopher Quinten popped the question at his girlfriend’s 21st birthday party after seven months of dating. The pair began their relationship seven months ago and Coronation Street legend Christopher Quinten clearly felt ready for the next step.Getting down on one knee, the 61-year-old popped the question at his girlfriend’s 21st birthday party.Robyn Delabarre is filmed sitting on a chair as her beau gets down while wearing a white shirt completely unbuttoned.The beauty, who is a stripper, immediately says yes and throws her face into her hands. Related Articles Sharing the video, Robyn wrote: “My 21st birthday, a night I will never forget, wow.”Christopher played Gail Platt’s husband Brian Tilsley on the ITV soap, before he was killed off in a brutal stabbin