Asian markets looked poised to climb on Friday after stocks in Europe and the U.S. rose in the previous session. Clues from the European Central Bank on Thursday on its bond-buying program also led to major moves in currency markets overnight. Futures pointed to gains for Australia and Japan: Nikkei futures traded in Chicago were […]
Read moreThe entire entertainment sector is readjusting after AT&T got legal clearance to buy Time Warner and Comcast topped Disney’s bid for a key portion of Twenty-First Century Fox’s assets, CNBC’s Jim Cramer said Thursday. “The industry finally got a two-part catalyst: a federal judge who wants old media to have the firepower to compete with […]
Read moreBeijing’s threat to impose a 25 percent tariff on American soybeans is causing uneasiness in the farm belt ahead of the White House’s expected decision Friday to announce new duties on hundreds of Chinese products. “I am nervous to think about the scenarios of what’s going to happen if it does go into effect,” said […]
Read moreChinese regulators have approved Qualcomm‘s proposed US$44 billion merger with NXP Semiconductors, South China Morning Post reported on Thursday, citing people with knowledge of the matter. The decision by China’s Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will allow the takeover to proceed, […]
Read moreWhile Shantanu Narayen doesn’t see his company, Adobe Systems, as a monopoly despite some Wall Street criticism, he does want it to offer the only true “end-to-end solution” for digital creators, the chairman and CEO told CNBC on Thursday. “I think creativity will continue to be this incredible opportunity for us,” he said in an […]
Read moreA year after Amazon‘s $13.7 billion purchase of Whole Foods, the organic grocer’s outspoken CEO, John Mackey, remains at the helm. But Amazon isn’t leaving Mackey, who co-founded Whole Foods in 1980, in control of the integration or the future of the business. According to an organization chart viewed by CNBC, Mackey is working alongside […]
Read moreThe Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint government filings, likely clearing the way for the deal to be completed as soon as Friday. A federal judge ruled on Tuesday that AT&T’s $85.4 billion bid for Time Warner was legal, imposing no conditions on the merger. […]
Read moreLegendary hedge fund manager Julian Robertson believes technology stocks are inexpensive compared to their growth prospects. Robertson was asked about valuations in the technology sector. “I don’t think the FANGs or the tech stocks are frothy at all. I think relative to the rest of the market never have [these] stocks been this cheap,” he […]
Read moreAdobe stock fell as much as 5 percent on Thursday after the company reported better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on June 1. The company will hold a conference call with analysts at 5 p.m. Eastern time. Here’s how the company performed: Earnings: Excluding certain items, $1.66 in […]
Read moreCheck out the companies making headlines after the bell: Shares of Adobe tumbled 3 percent in extended trading. The design software company reported better-than-expected earnings for the second quarter of its 2018 fiscal year and forecast strong third-quarter guidance. Adobe reported earnings per share of $1.66 on revenue of $2.2 billion, versus the $1.54 EPS […]
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