Year: 2020

(Bloomberg) — Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to people familiar with the matter.The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalization of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office in the San Jose area. The deal could be announced as early as Monday, though discussions could still fall apart, said the people, asking not to be named discussing private negotiations.Representatives for Analog Devices and Maxim …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

Posted by OFX AUD – Australian Dollar The Australian Dollar is fractionally lower this morning against the US Dollar trading around 0.6950. The advance of the local currency seems to be stalling just ahead of a key resistance levels against the Greenback having failed to extend the weeks early uptick and push … Continue reading “Aussie dollar range bound amid growing COVID19 concerns”The post Aussie dollar range bound amid growing COVID19 concerns appeared first on . …read more […]

Jul.12 — Singapore’s ruling People’s Action Party retained a firm grip on power but suffered its weakest performance in 55 years in office in an election on Friday. Haslinda Amin reports on “Bloomberg Daybreak: Asia.” …read more […]

Jul.12 — Disney opened its Magic Kingdom and Animal Kingdom parks on Saturday, after a four-month shutdown and as a record number of new virus cases were reported in Florida. Josh D’Amaro, the chairman of Walt Disney Co.’s theme parks business, said he’s very happy with booking trends, both now and into next year. D’Amaro spoke to Bloomberg’s Emily Chang from the Magic Kingdom. …read more […]

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(Bloomberg) — Oil edged down in Asia ahead of a meeting of top producers this week, which could outline plans to begin scaling back the historic output cuts that helped to stabilize prices.Futures in New York slipped 1%, after gaining 2.4% on Friday. OPEC+ will review the state of the market at an online meeting of its minister-level monitoring committee on July 15, amid expectations it will soon begin unwinding output curbs. Russia’s top oil companies are preparing to increase production next month in the absence of other guidance from the Energy Ministry, according to two people from the industry …read more […]

(Bloomberg) — Asian stocks were set to gain on Monday as investors looked to the start of earnings season for further clues on how companies are faring with the pandemic.Futures rose in Japan, Australia and Hong Kong, while U.S. contracts pushed higher. Currency markets saw muted moves in early trading and oil retreated. Banks — which kick off the U.S. reporting season this week — led the S&P 500 to gains on Friday. Treasuries reversed a rise that saw the five-year yield hit a record low.With global equities trading near their highest since February, investors are waiting to hear what …read more […]

Stock futures opened higher Sunday evening as investors mostly shrugged off a relentless climb in coronavirus cases in some regions in the US, and looked ahead to the start of corporate earnings season. …read more […]

Noelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto. …read more […]

The discount comes months after Tesla cut the prices for its Models 3, X, and S. This report produced by Zachary Goelman. …read more […]

(Bloomberg) — Tesla Inc. needs to succeed in China if it wants to dominate the world of electric cars—especially in a post-virus world. To do that, Elon Musk is turning to a battery engineer who once helped Apple Inc. extend the life of its MacBook laptops.Zeng Yuqun, 52, built Contemporary Amperex Technology Co. Ltd. into China’s battery champion in less than a decade, creating the largest global producer of rechargeable cells for the plug-in vehicles considered to be the future of cars. That effort has helped propel Zeng from a modest hillside village and $30-a-month job with a state-run company …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson and Jason Riley. Image: Jacqueline Nell/Disneyland Resort via Getty Images …read more […]