Talks between T-Mobile and Sprint for a stock-for-stock deal that makes Deutsche Telekom the controlling owner are moving forward, sources tell CNBC’s David Faber. However, some T-Mobile shareholders are frustrated with the deal price, these sources said. As previously reported by CNBC, the exchange ratio for the stocks is expected to be at market. The […]
Read moreRussian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer time frame than others have suggested till now in the bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries, Russia […]
Read morePuerto Rican bonds took a huge hit on Wednesday following President Donald Trump’s comments on the island’s massive debt. The island’s general obligation bonds, which yield 8 percent, dropped to just 34 cents on the dollar, according to Bloomberg data. On Tuesday night, Trump told Fox News that Puerto Rico’s debt will have to be […]
Read moreWhat we call the technology sector is really an aggregate of many smaller subsectors. For investors, it’s key to look at these subsectors, which may offer unique long-term investment opportunities. When was the last time you had an investment conversation in which no one mentioned one of the so-called FAANGs? Or FAAAMs? That’s the stocks […]
Read moreWhile some analysts may be concerned lately over Tesla’s ability to manufacture the Model 3 on time, one Wall Street firm believes his peers are missing the big picture. Nomura Instinet’s Romit Shah predicts Tesla will dominate the electric car industry like Intel did in the PC market during the 1990s. “Tesla is vertically integrated, […]
Read moreCheck out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.48 per share, a penny a share above estimates. Revenue missed forecasts amid a drop in North American beverage business sales, although Pepsi did give a full-year forecast that is above Street forecasts. […]
Read moreAmazon is bringing its Echo speaker and Alexa smart personal assistant to India and Japan, the company said on Wednesday, marking its first foray into Asia with those products. The U.S. e-commerce giant said that Alexa and Echo are now available by invitation in India, and are coming to Japan later this year. Echo, Echo […]
Read moreThere are too many blockchain “tourists” using the term as a “buzzword” rather than developing real world use cases, the chief executive of cryptocurrency start-up Ripple has said. “Blockchain is like the new big data or AI (artificial intelligence) — too many people are using it as a buzzword and not focused solving a real […]
Read moreA cryptocurrency firm co-founded by U.S. rapper Ghostface Killah hopes to raise $30 million in a digital coin sale. Cream Capital said Wednesday it would raise the funds through an initial coin offering (ICO) — a method of crowdfunding that has been met with much scrutiny from regulators recently. It claims it was co-founded by […]
Read moreNEW YORK — For more than a year, Puerto Rico has clashed with investors who hold slivers of its $73 billion debt, and who have pushed the United States territory to pay up. On Tuesday, during his visit to the hurricane-struck island, President Trump raised a prospect that could cheer the island’s residents but send […]
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