BofA raises S&P 500 index target but still sees stocks giving back some gains by year-end

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BofA raises S&P 500 index target but still sees stocks giving back some gains by year-end

U.S. stocks will give back some ground by year-end, but not as much as previously expected, according to BofA Securities equity and quant strategist Savita Subramanian, in a Thursday note titled, “The New Abnormal. Citing a lower discount rate on future …
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Google could face antitrust charges from Justice Department this month

An antitrust case against Google is coming as soon as this month. Justice Department officials have pressured attorneys working on the case to wrap things up quickly so that an action can be brought against Alphabet Inc. GOOGL, -5.11% GOOG, -5.00% , the …
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Liberty Oilfield Services puts Schlumberger tech in its yards, Halliburton in its crosshairs

HOUSTON (Bloomberg) –Liberty Oilfield Services Inc., which will become North America’s second-biggest fracing provider with the acquisition of a Schlumberger unit, expects to one day topple Halliburton Co. from the No. 1 spot. “Customer demand has told …
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US unemployment rate falls to 8.4% even as hiring slows

WASHINGTON — U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus outbreak recovered so far, the government said Friday in one of the last major economic reports before …
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Bloomberg Best: Covid, Apple, Michael Jordan, Stocks (Podcast)

Host Denise Pellegrini and Ed Baxter feature the best stories of the week from Bloomberg Radio, Bloomberg Television, and over 150 Bloomberg
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