If you wanted to crush President Donald Trump last year, there was a way even more efficient than giving indiscreet interviews to Michael Wolff: betting on emerging markets in Latin America and Asia, where the returns made Dow 25,000 look as tiny as Kim Jong Un’s button. But can emerging markets keep pushing higher in […]
Read moreShares of Twitter slipped 2 percent in premarket trading Monday after reports over the weekend that Twitter’s COO Anthony Noto is in discussions to leave for another company. Noto is among those being considered to be the next CEO of SoFi, a startup building a digital lending business, CNBC confirmed. A source familiar with the […]
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Nike‘s sprint past a record high isn’t done yet, according to one market watcher. On Friday, Nike raced ahead of its peers, crossing the finish line to score a new closing high. “If the stock can break above the $67 level, or $67.10 level (where we’re standing right now), that’s going to be very bullish […]
Read moreCheck out which companies are making headlines before the bell: Juno Therapeutics – Juno agreed to be bought by Celgene for about $9 billion or $87 per share in cash. It had been reported last week that the two drugmakers were engaged in buyout talks. AIG – The insurance company announced a deal to buy […]
Read moreIPhone demand will disappoint this year, according to another Wall Street analyst. Atlantic Equities lowered its rating for Apple shares to neutral from overweight on Monday, predicting weaker than expected sales for the company’s March quarter. This follows a downgrade of the popular stock last week by Longbow Research. We see “signs that iPhone demand […]
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France would have voted to leave EU too if in UK's situation, French leader Macron says
France would likely have followed the U.K. and also voted to leave the European Union if the opportunity had presented itself, French President Emmanuel Macron said in an interview Sunday. Macron said that, if the French people had been put in a similar situation and were asked to vote “yes or no” on EU membership, […]
Read moreMore than half of workers expected to be affected by technological disruption are female, according to a study by the World Economic Forum. According to research released Monday, 57 percent of the 1.4 million U.S. jobs at risk of being displaced by automation in the next eight years belong to women. Women whose jobs are […]
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Sanofi digs deep to buy US hemophilia specialist Bioverativ for $11.6 billion
French drugmaker Sanofi has agreed to buy U.S. hemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases. Sanofi shares fell 3.4 percent, making the stock the worst performer on France’s benchmark CAC-40 index and several analysts deemed the deal expensive. […]
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European stocks edge higher, lifted by telecoms, banks; William Hill down 12%
European shares were mostly higher Monday afternoon, as investors monitored a U.S. government shutdown and political developments in Germany. The pan-European Stoxx 600 rose slightly in afternoon trade, up 0.25 percent, while sectors pointed in different directions. Most European bourses were higher in afternoon trade; however, the FTSE 100 came under slight pressure. Travel and […]
Read moreJust 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed. In a report published Monday, Oxfam called for action to tackle the growing gap between the super-rich and the rest of the world. Approximately 82 percent of the money generated last year […]
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