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Posted by Anirban Sen NEW YORK (Reuters) – Intel Corp. will drop its $5.4 billion deal to acquire an Israeli contract for chip maker Tower Semiconductor once its contract expires later on Tuesday without regulatory approval from China, sources familiar with the matter said. The sources, who asked not to be identified, said before an…
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene Munster of Deepwater, who cited Wall Street’s craze over AI. “All eyes are on their data center number,” he told CNBC. Next week’s Nvidia earnings report could swing…
font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer Kinfu It is likely to generate strong interest from the healthcare company’s shareholders, resulting in participants being able to swap only a portion of their J&J stock. Johnson…
US stocks were part of a global sell-off on Tuesday as a week full of retail began to show continued consumer resilience in the United States, but China painted a bleak picture for the world’s second-largest economy. The Dow Jones Industrial Average (^DJI) fell 1% as banking stocks fell amid the prospect of stricter supervision….
Shares of Discover Financial fell nearly 10% on Tuesday after the Riverwoods-Ill. Roger Hochschild will be stepping down as Chief Executive Officer, effective immediately. The company said after markets closed Monday that John Owen, a board member and former chief financial officer for Regions, will serve as interim CEO and president. Discover will work with…
US stocks saw accelerating losses at midday on Tuesday, as a week full of retail trade began to show continued consumer resilience in the United States, while China painted a bleak picture for the world’s second largest economy. The Dow Jones Industrial Average (^DJI) and the S&P 500 Index (^GSPC) were both down around 0.8%%…
font size Campus of Johnson & Johnson in Irvine, California. Mario Tama/Getty Images It is a difficult time for investors Johnson & Johnson who need to decide soon about participating in it J&J’s $40 billion exchange offer To participate in Kinfu And J&J’s consumer health business went public in May. The offer expires on Friday,…
US stock futures fell before the open on Tuesday as a week full of retail began to show continued consumer resilience in the United States, while China painted a bleak picture for the world’s second largest economy. Futures on the Dow Jones Industrial Average (^DJI) fell 0.8%, while the S&P 500 (^GSPC) lost about the…
Home Depot stock fell in pre-market trading after its second-quarter earnings as investors looked forward to a more optimistic note from the usually solid retailer. Home Depot (HD) posted a slight edge in its second-quarter earnings report on Tuesday before the market opened up as consumers I spent less On expensive discretionary items and they…
Warren Buffett.Photograph: Rick Wilking/Reuters Warren Buffett’s Berkshire Hathaway added three homebuilders to its portfolio last quarter. The investor’s company exited three shares and cut several other deals, SEC filings show. Berkshire also boosted its stakes in Capital One and Occidental Petroleum in the most recent quarter. Warren Buffett Berkshire Hathaway It trimmed its portfolio of…
