European stocks are set to begin Tuesday’s session mixed as traders monitor a slew of earnings reports. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 is seen 12 points lower at 7,529, Germany’s DAX up just 3 points at 12,399, and France’s CAC down 9 points at 5,575, according IG index data. Market players
Symantec and Broadcom have ceased deal negotiations, sources tell CNBC’s David Faber. The people familiar with the matter added that Symantec would not accept less than $28 a share. Symantec had surged earlier this month following after it was revealed that Broadcom was in advanced talks to acquire the security software vendor. Faber had reported
© 2019 Bloomberg Finance LP Netflix is the new Tesla. On Wall Street, that is. Netflix and Tesla are in totally different businesses. But they have a couple of things in common on Wall Street. One of them is that they are both “hot” stocks. This means that they have a strong following among investors
Back in 2009, a 94-year-old property management company was looking for technology to help it better manage its properties. There was nothing. A recent article in the New York Times describes how one of the largest property management companies in New York became one of the leaders in proptech: It had to invent its own
Peter Thiel Adam Jeffery | CNBC Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020. “I’m most scared by Elizabeth Warren,” he said on Monday on Fox News’ “Tucker Carlson Tonight.” “She’s the one that’s actually talking about the economy, which is the thing that
Michael Corbat, CEO of Citigroup Lucy Nicholson | Reuters Citigroup beat analysts’ expectations for profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Revenue climbed 2% to
The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration, and banks are cheap,” Richard Kovacevich said on CNBC’s “Closing Bell. ” “So if you’re
Larry Culp, CEO, General Electric Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Monday: UBS downgraded GE to ‘neutral’ from ‘buy’ UBS downgraded the stock citing valuation, a decline in interest rates, and ongoing power market weakness. “We are downgrading GE to Neutral, as a notable decline in interest rates and
It’s become one of the biggest shopping events of the year, yet some discounts are better than others. The 48-hour Amazon Prime Day extravaganza kicks off July 15, with more than 1 million deals for members, including intermittent “lightning deals.” For example, the Toshiba HD 43-inch Fire TV Edition Smart TV is now $179.99, a $120
Scientists the world over are scrambling to cure Alzheimer’s. And information abounds about how we might treat or even prevent the disease to begin with. But in the interim, finding new ways to help the some 43 million Americans who are caring for sufferers is gaining steam. And in this regard, Americans might do well to