Year: 2020

The Dow and S&P 500 moved higher on Friday as the averages attempted to end a volatile and holiday-shortened week on a high note. …read more […]

As the final trading session of the abbreviated week draws to a close, US futures are looking to data reports for direction. …read more […]

(Bloomberg) — U.S. stock index futures rose as reports related to coronavirus treatments and corporate acquisitions supported investor sentiment ahead of the Federal Reserve’s policy meeting this week.December contracts on the S&P 500 gained 1.2% as of 6:25 a.m. in London after the University of Oxford and AstraZeneca Plc restarted a U.K. trial of a Covid-19 vaccine, while Pfizer Inc. Chief Executive Officer Albert Bourla said it’s “likely” the U.S. will deploy a treatment to the public before year-end. Separately, Gilead Sciences Inc. agreed to acquire Immunomedics Inc.Futures on the Nasdaq 100 Index climbed 1.4% after Nvidia Corp. said it …read more […]

(Bloomberg Opinion) — The European Central Bank has a problem, and, no, it is not the exchange rate. The recent appreciation of the euro may have caught all the headlines, but it pales in comparison with the broader challenge the pandemic poses for monetary policy. Rather than simply talking down the currency, the ECB must take more substantive steps to support economic growth and lift inflation back to target.Since the start of the summer, the euro has soared to nearly $1.20, its highest level in more than two years. A stronger currency can damage growth, since it makes euro zone …read more […]

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Sep.14 — Ed Rogers, chief executive officer and chief investment officer of Rogers Investment Advisors, discusses the upcoming leadership change in Japan, and the implications for the country’s policies, the economy and financial markets. Japanese Chief Cabinet Secretary Yoshihide Suga is the front-runner to become the next prime minister. Rogers also talks about the stake purchases by Warren Buffett’s Berkshire Hathaway Inc. in five of Japan’s biggest trading companies. He speaks on “Bloomberg Markets: Asia.” …read more […]

The online giant is burrowing into the fashion world, looking to take on the likes of Net-a-porter, Farfetch and Matchesfashion.com. …read more […]

Walmart sees the opportunity for ‘national-scale operations across the United States.’ …read more […]

Sep.13 — Sean Taylor, chief investment officer for Asia Pacific and head of emerging market equities at DWS Group, Deutsche Bank AG’s asset management arm, discusses the outlook for markets and the opportunities he sees. He speaks with Yvonne Man and Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]

Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app. …read more […]

(Bloomberg) — TikTok has abandoned talks with Microsoft Corp. to sell its music-video app in the U.S., favoring instead a business partnership with Oracle Corp., people familiar with the talks said.A deal between ByteDance Ltd., TikTok’s Beijing-based parent company, and Oracle is likely to include a stake in a newly configured TikTok business, but will look more like a corporate restructuring than an outright sale, said one of the people, who asked not to be identified because the information isn’t public.The terms being discussed with Oracle are still evolving, one of the people said. For example, Oracle could take a …read more […]

(Bloomberg Opinion) — Heartiest of congratulations go to Microsoft Corp. Six weeks after announcing to the world it was in talks to buy TikTok, the American software giant comes out to tell us it didn’t get the gig.Instead, Oracle Corp. looks set to buy the international version of the short-video service from Beijing-based ByteDance Ltd., though deal terms are still to be finalized. In missing out, Microsoft Chief Executive Officer Satya Nadella dodges a bullet. Now, it’s aimed straight at Oracle and Chairman Larry Ellison, a cheerleader for American technology and supporter of President Donald Trump — who fired one …read more […]

(Bloomberg) — Apple Inc.’s major iPhone assemblers are among the companies expected to win approval to participate in a $6.6 billion stimulus program to bring manufacturing to India, according to people familiar with the matter, a potentially seismic shift as the world’s most valuable company diversifies beyond China.At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years, said the people, asking not to be identified because the matter is private. Among the dozen phonemakers already cleared by a high-powered government committee are …read more […]

The deal provides Gilead access to Immunomedics’ breast cancer treatment drug, Trodelvy, which was granted an accelerated FDA approval in April. Gilead said it would issue a tender offer to buy all the outstanding shares of Immunomedics for $88 per share, representing a premium of about 108% over their last closing price of $42.25 on Sept 11. …read more […]

(Bloomberg) — SoftBank Group Corp. shares soared after the company reached a deal to sell chip designer Arm Ltd. for as much as $40 billion and revived talks about taking the group private.SoftBank’s shares jumped as much as 10% in Tokyo on Monday, the most in about six months. SoftBank announced the sale of Arm to Nvidia Corp. for a combination of cash and stock. The Japanese conglomerate’s senior executives will also be revisiting a plan to buy out public shareholders, which had earlier met with internal opposition, people familiar with the matter said, asking not to be named as …read more […]