Caterpillar (CAT) is poised to drive into the middle of a new financial “megacycle” that could send its stock price higher by at least 25%, argues Cowen analyst Matt Elkott. “We are projecting a megacycle of financial performance for Caterpillar in the next three years starting in 2021. Growth in revenue, gross margin, operating margin and EPS. It’s fairly consistent with the consensus, but I think what is somewhere overlooked here is this will be the first time in 14 years that Caterpillar… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Technology stocks rally * Big banks rise as profits beat forecasts * UnitedHealth jumps on strong results * Indexes up: Dow 1.6%, S&P 500 1.7%, Nasdaq 1.8% (New throughout, updates prices, market activity and comments adds dateline, changes byline) By Caroline Valetkevitch NEW YORK, Oct 14 (Reuters) – U.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth… Source link

JPMorgan CEO Jamie Dimon said recently bitcoin is worthless. Morgan Stanley CEO James Gorman said Thursday crypto isn’t a fad, but isn’t sure on the outlook for prices.  Jurrien Timmer, Fidelity’s director of global macro, is more clear-minded on the direction for bitcoin: $100,000 by 2023.  “So this move up [in bitcoin] has come without the help of momentum chasers, which I think is a good sign because it means there is something else making bitcoin go up. And, that is fundamental demand… Source link

The U.S. continues to struggle to increase vaccinations, despite recent gains from employer mandates. The struggle of public health and government agencies to cut through anti-vaccine messaging is partially to blame, experts say.  Two experts who have been monitoring and sharing trusted information, as well as calling out misinformation, are Dr. Peter Hotez, dean of the School of Tropical Medicine at Baylor College of Medicine in Texas, and Dr. Eric Topol, director of the Scripps Research… Source link

Thomas Kurian’s arrival at Google Cloud in early 2019 after more than 22 years at Oracle marked a significant shift in Google’s thinking, putting an emphasis on expanding its cloud’s business use by enterprises as the key to making up ground on Amazon Web Services (AWS) and Microsoft Azure in the booming global cloud market. Google Cloud has closely followed that enterprise drumbeat over the past two-plus years, building out its infrastructure, extending its each from the cloud… Source link

Google’s giant data centres are temples of the information age. Built for consumer services that reach billions of people, they also serve as a platform for the search company’s push into cloud computing — a market that could one day be even larger than its advertising business. This week, however, Google tried a different tack. In its latest bid to catch up with Amazon and Microsoft in cloud computing, it took a step beyond its own data centres. In the process, it shone a… Source link

Google announced today it’s changing the way search works on mobile devices, initially in the U.S. Now, when you reach the bottom of a set of search results on your phone, you won’t have to tap to go to the next page. Instead, the next set of results will automatically load so you can continuously scroll down to see more information. The change will roll out on the mobile web and will be supported on the Google mobile app for both iOS and Android in the U.S. for most… Source link

Over the course of Tom Brady’s 22-year career, the NFL’s winningest quarterback has bolstered the reputation of lesser-known players and coaches, his own brand TB12, and most recently the Tampa Bay Buccaneers after winning a Super Bowl championship during his first season with the franchise. But businesses don’t need to be directly on Brady’s team to benefit from the future Hall of Famer. New data from EDO, which measures consumer engagement with ads, shows that brands that advertise… Source link

Russian IT giant Yandex on Thursday launched an app-driven express UK grocery delivery service, the latest company to join the crowded marketplace as it expands its international presence. The group’s Yango Deli subsidiary is opening four giant London warehouses to reach a potential 1.4 million customers with its speedy grocery offering, Yandex said in a statement. The New York-listed firm already operates more than 400 warehouses in France, Israel and Russia. The New York-listed firm… Source link

Apple CEO Tim Cook delivers his keynote address at the Worldwide Developers Conference in San Francisco, California June 8, 2015. REUTERS/Robert Galbraith Apple (AAPL) is diving deeper into the health space. The tech giant is working on a new pair of its best-selling AirPods that will take your temperature, police your posture, and possibly even function as a hearing aid, according to The Wall Street Journal. The global medical device market is expected to be worth $671 billion by 2027, Source link