Amazon‘s offer to acquire Whole Foods for $42 per share wasn’t Jeff Bezos‘ first, according to new details revealed in a proxy statement filed by the grocery chain with the Securities and Exchange Commission Friday. In fact, it was more than what Amazon wanted to pay. Whole Foods said it received an initial written offer […]
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History shows that industrial stocks like United Technologies rally after large beats on the headline jobs figure. The nonfarm payrolls report Friday showed the addition of 222,000 jobs to the U.S. economy in June, topping the consensus estimate of 179,000 from economists polled by Reuters. That’s a beat of 43,000 jobs. Five trading days after […]
Read moreApple has Siri and Amazon’s got Alexa. Microsoft created Cortana and Alphabet launched the Google Assistant. The technology giants are racing to bring speech recognition to consumers through a host of mass-market devices and apps. But one company has been curiously absent: Facebook. While Mark Zuckerberg has pushed his app across the globe — last […]
Read moreInvestors are afraid there's a multibillion-dollar crack in one of the world's giant energy projects
One of the biggest, most expensive liquefied natural gas projects in history may have developed a physical crack — and the managing company isn’t answering questions from investors. They may have reason to worry. The crack, which is believed to be in a floating production storage and offloading (FPSO) unit, could add billions of dollars […]
Read moreApple says that Imagination Technologies, a chip designer that’s currently blaming Apple for its collapse, is essentially lying about how long the company was aware that Apple’s business plans would leave it behind. In a statement to Bloomberg this morning, Apple says it’s “disappointed in [Imagination’s] response, which has been inaccurate and misleading.” Imagination says […]
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Silver futures suddenly dropped Thursday evening before quickly bouncing back in another so-called “flash crash” that renewed fears that computer-driven trading has gone too far. Around 7:05 p.m., ET, the contract for September delivery plunged 11 percent lower from $16.14 per troy ounce to $14.34, according to FactSet. Silver traded near $15.89 per troy ounce […]
Read moreIf you’re among the many mutual fund investors who just received a semiannual shareholder report, be sure to take a look before you toss it in the recycling. “There’s a treasure trove of information in these reports,” said certified financial planner Avani Ramnani, director of financial planning and wealth management at Francis Financial. “Some of […]
Read moreThere’s a new phone you can buy that celebrates the meeting of Putin and Trump at the G20 summit. A company named Caviar Royal Gift is selling the special edition Nokia 3310 for 149,000 Russian Rubles, or about $2,500. The special Nokia 3310 appears to feature gold accents, including a tiny replica plaque on the […]
Read moreBack in the fall of 2015 I was asked to do a segment on CNBC’s Closing Bell. I had been on the show countless times over the years and found myself fighting bearish sentiment as the market climbed higher and higher. I remember getting into ‘loud conversations’ with my good friend Rick Santelli about the […]
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Exactly a decade ago, it was time for investors to start worrying, even as stocks sat at record highs and the signs of onrushing danger were far from obvious. In July 2007, the U.S. stock market was just emerging from a prolonged stretch of unusual calm, the S&P 500 clicking to a new high before […]
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