UK unemployment lowest since 1975 as employers ramp up hiring

British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country’s labour market defied the broader weakness in the overall economy as Brexit approached. The number of people in work surged by 222,000, helping to push down the unemployment rate to 3.9 percent, its lowest since the start of 1975, official data showed. The strength of the labour market is pushing up wages more quickly. Wage growth for the three months to December w


British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country’s labour market defied the broader weakness in the overall economy as Brexit approached. The number of people in work surged by 222,000, helping to push down the unemployment rate to 3.9 percent, its lowest since the start of 1975, official data showed. The strength of the labour market is pushing up wages more quickly. Wage growth for the three months to December w
UK unemployment lowest since 1975 as employers ramp up hiring Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, bonuses, ramp, employers, market, workers, earnings, rose, 34, economy, uk, hiring, lowest, labour, poll, months, 1975, unemployment


UK unemployment lowest since 1975 as employers ramp up hiring

British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country’s labour market defied the broader weakness in the overall economy as Brexit approached.

The number of people in work surged by 222,000, helping to push down the unemployment rate to 3.9 percent, its lowest since the start of 1975, official data showed.

A Reuters poll of economists had pointed to a rise in employment of 120,000.

With the terms of Britain’s exit from the European Union still unclear, many businesses have cut long-term investment in equipment, potentially making them more likely to hire workers who can be sacked if the economy sours.

The strength of the labour market is pushing up wages more quickly.

Total earnings, including bonuses, rose by an annual 3.4 percent in the three months to January, the Office for National Statistics said, stronger than a median forecast of 3.2 percent in the Reuters poll.

Wage growth for the three months to December was revised up slightly to 3.5 percent, its highest since mid-2008.

Average weekly earnings, excluding bonuses, also rose by 3.4 percent on the year, in line with the Reuters poll.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, bonuses, ramp, employers, market, workers, earnings, rose, 34, economy, uk, hiring, lowest, labour, poll, months, 1975, unemployment


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Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to


Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to
Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


Japan's central bank says it's ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target.

But he said the BOJ would carefully weigh the benefits and costs of any further policy easing, suggesting that the hurdle for topping up stimulus would be high given how financial institutions’ profits have been hurt by years of near-zero interest rates.

“Currency moves could have an impact on the economy and prices, so it’s crucial we take into account these factors when guiding monetary policy,” Kuroda told parliament.

“If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said.

Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to boost stimulus to counter the pressure from a sharp yen rise.

The dollar received a mild lift versus the yen after Kuroda’s remarks. It stood little changed at 110.655 yen after dipping as low as 110.45 earlier in the day.

Kuroda repeated that possible monetary easing tools the BOJ could deploy included cutting short- and long-term interest rates, expanding asset buying or accelerating the pace of money printing.

“Whatever we do, however, we need to carefully balance the benefits and the costs of the step such as the impact on financial intermediation and market functioning.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


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Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d


The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d
Dollar near six-week highs as trade, growth worries ramp up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets.

“U.S.-China talks are the big focus for the week and the dollar strength is indicative of the cautious market sentiment right now owing to its safe-haven status,” said Nick Twidale, chief operating officer at Rakuten Securities.

“The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.”

U.S. negotiators will this week press China on longstanding demands that it reform how it treats U.S. companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

The dollar gained 0.1 percent versus the yen to 109.82. However, traders expect moves in dollar/yen to be small on Monday as Japanese markets remain shut for a public holiday.

The dollar index, a gauge of its value versus six major peers, was marginally higher at 96.64, on track for its eighth straight day of gains.

Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. Market confidence took a hit last week when U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

Trump has vowed to increase U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent currently if the two sides cannot reach a deal by March 2.

The euro was marginally lower versus the greenback at $1.1322 in early Asian trade while the Aussie was 0.15 percent higher at $0.7099, after a disastrous week in which it lost 2.2 percent.

The strength in the dollar has come despite the Federal Reserve taking a dovish stance at its last policy meeting in January. For now, investors are piling into the safety of the greenback due to fears of a sharp global economic slowdown.

The euro came under pressure as core European government debt yields touched their lowest in over two years. The single currency has lost 2.5 percent so far this month.

Benchmark German yields were just 10 basis points away from zero percent.

The European Commission sharply cut on Thursday its forecasts for euro zone economic growth for this year and next with the bloc’s largest economies expected to be held back by global trade tensions and domestic challenges.

Last month, the International Monetary Fund also downgraded its forecasts for global growth.

Elsewhere, sterling was down 0.1 percent at $1.2935. Traders expect the pound to remain volatile amid heightened political uncertainty over the Brexit process.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


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These two accounts will ramp up your tax-free income in retirement

Shave down your tax bill in the future by funding these two savings accounts in the present. Once you begin drawing down income in retirement, you will pay taxes on your withdrawals. But not all retirement accounts are the sameMore from Fixed Income Strategies:Investors avoid emerging markets due to currency volatilityWhat to do with an old 401(k)? Very littleSave for retirement … even without an employer 401(k)Say hello to the Roth 401(k) and the Roth IRA — two savings accounts that allow you


Shave down your tax bill in the future by funding these two savings accounts in the present. Once you begin drawing down income in retirement, you will pay taxes on your withdrawals. But not all retirement accounts are the sameMore from Fixed Income Strategies:Investors avoid emerging markets due to currency volatilityWhat to do with an old 401(k)? Very littleSave for retirement … even without an employer 401(k)Say hello to the Roth 401(k) and the Roth IRA — two savings accounts that allow you
These two accounts will ramp up your tax-free income in retirement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: darla mercado, blend images – hill street studios, brand x pictures, getty images, whl
Keywords: news, cnbc, companies, taxdeferred, 401k, taxfree, accounts, ramp, savings, roth, financial, dollars, taxes, retirement, income


These two accounts will ramp up your tax-free income in retirement

Shave down your tax bill in the future by funding these two savings accounts in the present.

Employees are likely familiar with the traditional 401(k), an account that allows you to put away pretax dollars and have them grow on a tax-deferred basis.

Once you begin drawing down income in retirement, you will pay taxes on your withdrawals.

But not all retirement accounts are the same

More from Fixed Income Strategies:

Investors avoid emerging markets due to currency volatility

What to do with an old 401(k)? Very little

Save for retirement … even without an employer 401(k)

Say hello to the Roth 401(k) and the Roth IRA — two savings accounts that allow you to put away after-tax dollars and draw down income free of taxes in retirement.

Having a combination of tax-free, tax-deferred and taxable accounts in retirement is ideal because you can adjust your retirement income and manage your taxes.

“It’s a sweet deal to be able to set aside after-tax contributions,” said Lazetta Rainey Braxton, certified financial planner and founder of Financial Fountains in Baltimore.

Here’s what you should know.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: darla mercado, blend images – hill street studios, brand x pictures, getty images, whl
Keywords: news, cnbc, companies, taxdeferred, 401k, taxfree, accounts, ramp, savings, roth, financial, dollars, taxes, retirement, income


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Elon Musk: Tesla had ‘single-digit weeks’ as it teetered on brink of collapse

Tesla almost died earlier this year, CEO Elon Musk said Sunday night in an interview with Axios that aired on HBO. Musk said the company was “bleeding money like crazy” as it worked through the Model 3 production ramp in the spring and summer. He said the company “came within single-digit” weeks of death before it was able to meet its Model 3 production goals. “Tesla really faced a severe threat of death due to the Model 3 production ramp,” Musk said. Musk also talked about the personal toll wor


Tesla almost died earlier this year, CEO Elon Musk said Sunday night in an interview with Axios that aired on HBO. Musk said the company was “bleeding money like crazy” as it worked through the Model 3 production ramp in the spring and summer. He said the company “came within single-digit” weeks of death before it was able to meet its Model 3 production goals. “Tesla really faced a severe threat of death due to the Model 3 production ramp,” Musk said. Musk also talked about the personal toll wor
Elon Musk: Tesla had ‘single-digit weeks’ as it teetered on brink of collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: steve kovach, vcg, getty images
Keywords: news, cnbc, companies, hurts, elon, die, weeks, collapse, brink, model, teetered, money, tesla, company, musk, production, singledigit, ramp, solve


Elon Musk: Tesla had 'single-digit weeks' as it teetered on brink of collapse

Tesla almost died earlier this year, CEO Elon Musk said Sunday night in an interview with Axios that aired on HBO.

Musk said the company was “bleeding money like crazy” as it worked through the Model 3 production ramp in the spring and summer. He said the company “came within single-digit” weeks of death before it was able to meet its Model 3 production goals.

“Tesla really faced a severe threat of death due to the Model 3 production ramp,” Musk said. “Essentially, the company was bleeding money like crazy, and if we didn’t solve these problems in a very short period of time, we would die. And it was extremely difficult to solve them.”

Musk also talked about the personal toll working nonstop during the production ramp took on him, calling it “very painful.”

“It hurts my brain and my heart,” Musk said. “It hurts. It is not recommended for anyone. I just did it because if I didn’t do it… there was a good chance Tesla would die.”


Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: steve kovach, vcg, getty images
Keywords: news, cnbc, companies, hurts, elon, die, weeks, collapse, brink, model, teetered, money, tesla, company, musk, production, singledigit, ramp, solve


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Retirement investors ramp up trading in volatile market

After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings. The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans. Daily 401(k) trading jumped again recently as the markets rebounded and investors moved back into equities, and stabilized a bit this week. “Rather than making a knee-jerk reaction to ma


After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings. The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans. Daily 401(k) trading jumped again recently as the markets rebounded and investors moved back into equities, and stabilized a bit this week. “Rather than making a knee-jerk reaction to ma
Retirement investors ramp up trading in volatile market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-17  Authors: sharon epperson, ariel skelley, digitalvision, getty images
Keywords: news, cnbc, companies, need, plan, 401k, trading, week, retirement, market, volatile, ramp, investors, moved, markets


Retirement investors ramp up trading in volatile market

After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings.

The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans.

Daily trading activity in 401(k) plans was more than double the normal level at the end of October, as the S&P 500 index tumbled and investors moved away from equities into fixed income, according to Alight Solutions.

Daily 401(k) trading jumped again recently as the markets rebounded and investors moved back into equities, and stabilized a bit this week. While this daily trading activity represents a small fraction of total 401(k) balances in the U.S., data from Alight shows the past few weeks have seen some of the highest levels of trading since mid-April.

However, Investors may be buying and selling in their 401(k)s on emotion instead of based on their financial goals, says Rob Austin, vice president of research at Alight.

“Rather than making a knee-jerk reaction to market swings in either direction, investors need to have an investment strategy in place that helps meet their short-and-long-term goals,” Austin said. “They need to stick to that game plan, even when times are tough.” Often, that doesn’t happen.

Legg Mason surveyed 1,000 investors last summer who had at least $50,000 in investable assets. Nearly one in three investors admitted to making an emotional decision to sell in a 401(k) plan that they later regretted. And almost half of those who sold described their investment knowledge as “expert or advanced.”

No matter how much you know about investments, poor choices in other areas can do even more damage to your retirement. “More often than not a ‘retirement fail’ is caused by decisions that bring immediate gratification but long term don’t help you achieve what you most desire, mainly happiness and security,” said financial advisor and “Retirement Fail” author Greg Sullivan.


Company: cnbc, Activity: cnbc, Date: 2018-11-17  Authors: sharon epperson, ariel skelley, digitalvision, getty images
Keywords: news, cnbc, companies, need, plan, 401k, trading, week, retirement, market, volatile, ramp, investors, moved, markets


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Oil prices whipsaw as OPEC allies ramp up talk of supply cuts at December meeting

OPEC Sec-Gen: We remain very focused on our principal objective 7 Hours Ago | 03:27OPEC officials quickly sought to reassure energy market participants on Wednesday, as oil prices fluctuated wildly ahead of a much-anticipated meeting between the influential oil cartel and its allied partners in early December. The growing prospect of OPEC and non-OPEC members cutting output next month helped Brent crude rebound toward $66 a barrel Wednesday morning. Speaking to CNBC at the ADIPEC oil summit in A


OPEC Sec-Gen: We remain very focused on our principal objective 7 Hours Ago | 03:27OPEC officials quickly sought to reassure energy market participants on Wednesday, as oil prices fluctuated wildly ahead of a much-anticipated meeting between the influential oil cartel and its allied partners in early December. The growing prospect of OPEC and non-OPEC members cutting output next month helped Brent crude rebound toward $66 a barrel Wednesday morning. Speaking to CNBC at the ADIPEC oil summit in A
Oil prices whipsaw as OPEC allies ramp up talk of supply cuts at December meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: sam meredith, nick oxford
Keywords: news, cnbc, companies, wildly, cuts, energy, opec, oil, group, barkindo, allied, meeting, market, talk, prices, supply, ramp, partners, allies, focused, whipsaw


Oil prices whipsaw as OPEC allies ramp up talk of supply cuts at December meeting

OPEC Sec-Gen: We remain very focused on our principal objective 7 Hours Ago | 03:27

OPEC officials quickly sought to reassure energy market participants on Wednesday, as oil prices fluctuated wildly ahead of a much-anticipated meeting between the influential oil cartel and its allied partners in early December.

The growing prospect of OPEC and non-OPEC members cutting output next month helped Brent crude rebound toward $66 a barrel Wednesday morning.

It comes after OPEC President (and United Arab Emirates Energy Minister) Suhail al-Mazrouei and OPEC Secretary General Mohammed Barkindo said there was a consensus among the group to support a decision to balance the market in Vienna, Austria on December 6.

Speaking to CNBC at the ADIPEC oil summit in Abu Dhabi Wednesday, Barkindo said the Middle East-dominated group remains jointly focused with efforts to “restore stability” in energy markets.

Shortly thereafter, Mazrouei told CNBC’s Steve Sedgwick that OPEC would be careful not to “overreact” to this latest bout of oil market volatility. Instead, the 15-member group and its allied partners would “do what is necessary” over the coming weeks.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: sam meredith, nick oxford
Keywords: news, cnbc, companies, wildly, cuts, energy, opec, oil, group, barkindo, allied, meeting, market, talk, prices, supply, ramp, partners, allies, focused, whipsaw


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Gold prices edge down amid fears trade war could ramp up

Gold prices inched down on Tuesday as the U.S. dollar gained on worries over slowing economic growth and fears the Sino-U.S. trade war could intensify again. Spot gold was down 0.2 percent at $1,227.41 an ounce at 0200 GMT, after falling 0.3 percent on Monday. Growth in China’s factory sector likely cooled further in October as domestic demand faltered and exporters felt a bigger sting from trade conflict with the United States, a Reuters poll showed. The London Bullion Market Association (LBMA)


Gold prices inched down on Tuesday as the U.S. dollar gained on worries over slowing economic growth and fears the Sino-U.S. trade war could intensify again. Spot gold was down 0.2 percent at $1,227.41 an ounce at 0200 GMT, after falling 0.3 percent on Monday. Growth in China’s factory sector likely cooled further in October as domestic demand faltered and exporters felt a bigger sting from trade conflict with the United States, a Reuters poll showed. The London Bullion Market Association (LBMA)
Gold prices edge down amid fears trade war could ramp up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-30
Keywords: news, cnbc, companies, fears, ramp, prices, edge, worst, showed, united, states, trade, amid, war, spending, poll, gold, worries


Gold prices edge down amid fears trade war could ramp up

Gold prices inched down on Tuesday as the U.S. dollar gained on worries over slowing economic growth and fears the Sino-U.S. trade war could intensify again.

Spot gold was down 0.2 percent at $1,227.41 an ounce at 0200 GMT, after falling 0.3 percent on Monday.

U.S. gold futures were up 0.2 percent at $1,229.30 an ounce.

The dollar firmed against its rivals on Tuesday, gaining 0.1 percent.

The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war, Bloomberg reported on Monday, citing unnamed sources.

Asian shares were under pressure in early Tuesday trade after Wall Street peers finished weak, hurt by the fresh worries of an escalation in the trade war, on track for the worst October since the financial crisis in 2008.

U.S. consumer spending climbed for a seventh straight month in September, but income recorded its smallest gain in more than a year on moderate wage growth, suggesting the current pace of spending was unlikely to be sustained.

Growth in China’s factory sector likely cooled further in October as domestic demand faltered and exporters felt a bigger sting from trade conflict with the United States, a Reuters poll showed.

Germany’s Angela Merkel said that her fourth term as chancellor would be her last and that she would step down as leader of the Christian Democrats (CDU), heralding the end of a 13-year era in which she has dominated European politics.

The London Bullion Market Association (LBMA) will begin publishing data on Nov. 20 that will provide the most accurate picture yet of the size of London’s gold trade, its chief executive said on Monday.

Banks and brokerages have cut their average gold price forecasts for this year and 2019 after the metal slumped to 19-month lows in August, but they still expect prices to stage a modest recovery, a Reuters poll showed on Monday.

Palladium’s price premium over platinum will widen next year, with palladium set for its best year on record while platinum slumps to its worst performance since 2004, a Reuters poll showed on Monday.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.71 percent to 754.94 tonnes on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-10-30
Keywords: news, cnbc, companies, fears, ramp, prices, edge, worst, showed, united, states, trade, amid, war, spending, poll, gold, worries


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Investor expects Tesla to remain profitable in Q4

Investor expects Tesla to remain profitable in Q414 Hours AgoIvan Feinseth of Tigress Financial Partners says as long as Tesla continues to produce and deliver their cars, the company’s revenue, cash flow and profit will continue to “ramp up.”


Investor expects Tesla to remain profitable in Q414 Hours AgoIvan Feinseth of Tigress Financial Partners says as long as Tesla continues to produce and deliver their cars, the company’s revenue, cash flow and profit will continue to “ramp up.”
Investor expects Tesla to remain profitable in Q4 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-24
Keywords: news, cnbc, companies, partners, investor, profit, produce, tigress, ramp, q4, tesla, remain, profitable, q414, revenue, expects


Investor expects Tesla to remain profitable in Q4

Investor expects Tesla to remain profitable in Q4

14 Hours Ago

Ivan Feinseth of Tigress Financial Partners says as long as Tesla continues to produce and deliver their cars, the company’s revenue, cash flow and profit will continue to “ramp up.”


Company: cnbc, Activity: cnbc, Date: 2018-10-24
Keywords: news, cnbc, companies, partners, investor, profit, produce, tigress, ramp, q4, tesla, remain, profitable, q414, revenue, expects


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Intel shares gain after Nomura upgrade

Nomura Instinet upgraded Intel shares to buy from neutral on Monday, saying the company is the only chip stock that will raise estimates in October and November. “We believe that Intel will remain supply constrained until the ramp [in production] of 10nm,” Nomura’s Romit Shah said in a note. Despite the delays, Nomura sees Intel beginning to ramp 10nm production. Nomura maintained its Intel price target of $50 a share. Intel shares rose 1.1 percent in premarket trading from Friday’s close of $44


Nomura Instinet upgraded Intel shares to buy from neutral on Monday, saying the company is the only chip stock that will raise estimates in October and November. “We believe that Intel will remain supply constrained until the ramp [in production] of 10nm,” Nomura’s Romit Shah said in a note. Despite the delays, Nomura sees Intel beginning to ramp 10nm production. Nomura maintained its Intel price target of $50 a share. Intel shares rose 1.1 percent in premarket trading from Friday’s close of $44
Intel shares gain after Nomura upgrade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: michael sheetz, jp black, lightrocket, getty images
Keywords: news, cnbc, companies, shares, upgrade, shah, gain, ramp, nanometer, share, 10nm, nomura, production, processors, intel


Intel shares gain after Nomura upgrade

Nomura Instinet upgraded Intel shares to buy from neutral on Monday, saying the company is the only chip stock that will raise estimates in October and November.

“We believe that Intel will remain supply constrained until the ramp [in production] of 10nm,” Nomura’s Romit Shah said in a note.

Intel is working to mass produce its 10-nanometer chip after years of delays. One nanometer is equal to one-billionth of a meter. Historically, smaller nanometer technologies have allowed companies to create faster, more power-efficient chips.

Intel has fallen behind Samsung, which is already manufacturing 10nm chips. Despite the delays, Nomura sees Intel beginning to ramp 10nm production.

“Every U.S. and foreign-based equipment supplier we’ve spoken with recently is seeing 10nm volumes become more meaningful,” Shah said.

Shah also said interim CEO Bob Swan is prioritizing Intel’s production of its Xeon and Core processors. Shah said those processors “serve the high-performance segments,” which “bodes well for earnings and specifically gross margin” despite conservative forecasts for Intel’s next two quarters across the rest of Wall Street.

Nomura maintained its Intel price target of $50 a share. Intel shares rose 1.1 percent in premarket trading from Friday’s close of $44 a share.


Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: michael sheetz, jp black, lightrocket, getty images
Keywords: news, cnbc, companies, shares, upgrade, shah, gain, ramp, nanometer, share, 10nm, nomura, production, processors, intel


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