Standard Chartered is in talks to sell its private equity business to Intermediate Capital Group (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its ‘principal finance’ investment business.
Twitter CEO Jack Dorsey did not give many details on how the social media giant is battling ‘fake news’ in a recent CNN interview. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolf-Mann discuss. …read more […]
Yahoo Finance’s Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves. …read more […]
Saudi Arabia has been in talks with the electric-car maker Lucid Motors, Reuters reported Monday. JPMorgan cut its price target for Tesla to $195 from $305 on Monday, citing the fact that funding for a go-private deal had not been secured as CEO Elon Musk originally said. Tesla shares sank more than 6% in early trading Monday but crawled back into the green shortly after open. …read more […]
U.S. stock index opened higher on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat.
EU antitrust regulators approved on Monday German industrial gases group Linde’s planned $82 billion merger with U.S. rival Praxair after the companies agreed to sell Praxair’s assets to a Japanese rival together with other concessions.
Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase’s price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.
U.S. oil producer ConocoPhillips will recover about $2 billion under a settlement with Venezuela’s state-run oil company, PDVSA, ending a long-running dispute over the fallout of the nationalization of the country’s oil industry. The dispute heated up in May https://www.reuters.com/article/us-conocophillips-pdvsa/conoco-has-seized-venezuela-pdvsa-products-from-isla-refinery-curacao-idUSKCN1IE0Y8?il=0 when Conoco moved to seize the Caribbean assets of PDVSA, after the International Chamber of Commerce (ICC) ruled that the Venezuelan state oil driller violated several contracts. …read more […]
One of Wall Street’s most bullish Nintendo analysts raises his forecast for the video-game maker’s stock price. Nintendo will launch mobile-game Dragalia Lost, Switch Online and 1P Switch games soon and gain China market share. Jefferies, one of the biggest Nintendo bulls on Wall Street, says shares of the Japanese game maker could soar 80% — even if Switch sales are flat. …read more […]
Harvard Law Professor Emeritus Alan Dershowitz on former CIA Director John Brennan threatening to sue President Trump, Trump lawyer Rudy Giuliani’s comments about ‘truth’ and the Mueller investigation. …read more […]
Apple usually launches new Apple Watch models in September. Rumors suggest the new Apple Watch could have a larger screen, better battery life, and new health features. A new government filing from the Eurasian Economic Commission suggests that Apple is preparing six new Apple Watch models for launch in the near future. …read more […]
As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.
Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.
Japan’s Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) strategy to become a top three player in the world’s largest auto market.
Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had the funding for a plan announced by tweet just under two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a surge in Tesla stock following Musk’s tweets on Aug. 7 but its analysts said they now thought the deal was a long way from completion. The median price target of the Wall Street analysts covering Tesla is $336. …read more […]
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