Qualcomm has no plans to abandon its efforts to create processors for data centers, the company’s president, who oversees the chip division, said. Qualcomm, the largest maker of chips in mobile phones, last year launched chips that use technology from Softbank Group Corp‘s ARM Holdings to power the workhorse computer servers behind cloud-based services such […]
Read moreChina‘s biggest ride-sharing company Didi Chuxing said on Wednesday its car-pooling service drivers can only pick up passengers of the same sex in early morning and late evening, part of an on-going effort to regain trust following a murder of a female passenger earlier this year. After the murder, which was reported and discussed widely […]
Read moreMedia stocks are rising after a federal judge ruled in AT&T’s favor on its deal to acquire Time Warner. U.S. District Court Judge Richard Leon ruled Tuesday that AT&T could buy Time Warner with no conditions attached, denying a Department of Justice antitrust challenge. Time Warner and CBS shares were up more than 3 percent […]
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Auto firms are at risk of extinction in the UK after Brexit, business chief says
The U.K. car industry risks becoming extinct after Brexit, according to the president of a prominent business lobby group. Paul Dreschler from the Confederation of British Industry (CBI) claimed Wednesday that U.K. lawmakers had failed to help businesses in Britain make strategic decisions as the date for leaving the European Union loomed. “If we do […]
Read moreShares of drugstore CVS Health jumped on Wednesday, a day after a U.S. District Court decided to permit AT&T’s bid for Time Warner in what many on Wall Street are considering a tacit go-ahead for other so-called vertical mergers. The ruling may clear potential roadblocks ahead of the $69 billion tie-up between CVS and health […]
Read more21st Century Fox shareholders will benefit the most from AT&T’s major legal victory in its pursuit to buy Time Warner, according to one Wall Street firm. On Tuesday, U.S. District Court Judge Richard Leon ruled that AT&T could buy Time Warner with no conditions attached, denying a U.S. Department of Justice antitrust challenge to the […]
Read moreBond market volatility is on the verge of a comeback, according to Sit Investment Associates’ Bryce Doty. On CNBC’s “Futures Now,” Doty predicted the 10-year Treasury yield won’t stay under 3 percent much longer. “It’s going to be kind of turbulent,” the senior portfolio manager said Tuesday. “I’m still expecting some more white-knuckle moments.” Doty […]
Read moreU.S. President Donald Trump, arriving back in the United States on Wednesday after his historic summit with North Korean leader Kim Jong Un, said Pyongyang no longer posed a nuclear threat. “Everybody can now feel much safer than the day I took office. There is no longer a Nuclear Threat from North Korea. Meeting with […]
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Twitter got the blue checkmark when it joined the S&P 500 last week, but its big gains have raised some technical flags for one chart watcher. “I like Twitter long term but it’s really extended here right now,” Frank Cappelleri, senior equity trader at Instinet, told CNBC’s “Trading Nation” on Tuesday. “Right now Twitter is […]
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UK inflation unexpectedly holds at one-year low despite oil price rise
British consumer price inflation unexpectedly held at a one-year low last month, though rising oil prices suggest an increase could be on its way, according to official figures which keep a Bank of England rate rise in view. Consumer price inflation held at an annual rate of 2.4 percent in May, its joint-lowest since March […]
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