A split over immigration between Angela Merkel’s Christian Democratic Union (CDU) and its sister Christian Social Union (CSU) party is threatening to end her 12-year spell as Germany’s leader. Germany’s grand coalition government was formed in March after five months of political deadlock since an election the previous September. It resulted in Merkel’s fourth term […]
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Shares of chipmaker NXP on wild ride amid conflicting reports about Chinese approval of Qualcomm bid
Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm‘s proposal to acquire the smaller chipmaker. NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South China Morning Post and Bloomberg, both citing sources, that China’s Ministry of Commerce approved the […]
Read moreTwitter shares could add to strong gains this year as the World Cup spurs engagement and continued strength in ad sales give the social media company a revenue boost, an analyst at UBS said Thursday. Eric Sheridan raised his price target on the stock to $52 from $36, implying an 11.2 percent upside from Thursday’s […]
Read moreCedric Meury, a software engineer living from Switzerland, has long been curious about his health. So he ordered a DNA test in May from a bio-tech start-up with operations in the U.S. and Europe run by a former Amazon product manager. But when Dante Labs‘ kit arrived in the mail, a few things seemed off. […]
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Etsy is on fire. Shares of the online marketplace soared as much as 35 percent, to an all-time high on Thursday, after the company raised its transaction fee on its sellers’ sales and boosted its full-year outlook on revenue growth. Some strategists and technical analysts say that despite the recent gain, the stock appears poised […]
Read moreA casual observer may assume the greatest money managers have charmed investing careers filled with success after success. But that isn’t the case, Ritholtz Wealth Management director of research Michael Batnick explained in his new book “Big Mistakes: The Best Investors and Their Worst Investments,” released on Jun. 6. Batnick shared key lessons and money-losing […]
Read moreCheck out the companies making headlines before the bell: Qualcomm – Qualcomm’s $44 billion takeover of NXP Semiconductors has not yet been approved by Chinese regulators, according to sources quoted by Reuters. That runs counter to a prior report that the deal had, in fact, been approved. AT&T – AT&T completed its acquisition of Time […]
Read moreThe Trump administration will impose a 25 percent tariff on up to $50 billion in Chinese goods, a decision that brought swift condemnation from Beijing as trade conflicts between the world’s two largest economies escalate. In a statement Friday, President Donald Trump said the measures will affect Chinese goods “that contain industrially significant technologies.” The […]
Read moreCurrency, United States Finance
Molotov cocktails and state-led violence: How Nicaragua is slipping into Venezuela-crisis territory
For nearly two months now, Nicaragua has been coming apart at the seams. The Central American nation of 6 million has been rocked by popular protests and state-level violence since mid-April, and on Thursday night completed 24 hours of a nationwide worker strike in an attempt to push out longtime leader Daniel Ortega and his […]
Read moreMicron shares have surged 44 percent this year, outpacing the broader semiconductor space nearly four-fold. As the chipmaker’s stock sits nearly 10 percent off its May high, Stacey Gilbert, head of derivative strategy at Susquehanna, said the options market is doing something unusual ahead of Wednesday’s earnings report. Here are what she told CNBC’s “Trading […]
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