Amazon's Ad Business Is Seriously Undervalued, Analyst Says. His Price Target Is Street's Highest.

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Amazon's Ad Business Is Seriously Undervalued, Analyst Says. His Price Target Is Street's Highest.

Amazon has a new Wall Street uber-bull. Pivotal Research analyst Michael Levine on Thursday repeated his Buy rating and lifted his target price on Amazon.com (AMZN) to $4,500, the highest on Wall Street, from $3,925. He says, in part, that the market is …
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We're a Long, Long Way From Running Out of Gold

A high bar. Photographer: David Gray/Bloomberg.
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For Subway, A Ruling Not So Sweet. Irish Court Says Its Bread Isn't Bread

In a decision shocking to those familiar with the $5 footlong, Ireland’s Supreme Court has ruled: Subway bread isn’t actually bread. At least, not legally. That’s because its bread has too much sugar, the court said Tuesday. The country’s VAT Act of 1972 says …
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Oil drops 3% on weak demand outlook and higher OPEC supplies

NEW YORK (Reuters) – Oil prices fell 3% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices. FILE PHOTO: The sun is seen behind a crude oil pump jack in …
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Why Yanking Unemployment Payments Didn't Kill the Economy in August

When Congress let the $600 weekly unemployment payments it created in response to the coronavirus crisis expire at the end of July, many worried it would deal an immediate and painful blow to the economy. Millions of jobless Americans were relying on …
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