The company said on Wednesday that Coinbase Global has received approval from the National Futures Association to offer crypto futures contracts to eligible US clients. The largest crypto exchange in the United States in September 2021 Apply to the NFAwhich is a self-regulatory organization overseen by the Commodity Futures Trading Commission, is required to register … Read more
(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people familiar with the matter. Most Read from Bloomberg The deadline for the deal, announced in early 2022, is midnight California time on August 15, said the people, who … Read more
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 … Read more
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%% … Read more
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 … Read more
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 … Read more
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 … Read more
(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating real estate and weak consumer spending. Most Read from Bloomberg The People’s Bank of China cut the interest rate on its one-year loans – or medium-term lending facility … Read more
nvidia (NVDA), micron technology (in), steel dynamics (STLD), Teledyne Technologies (TDY) And homogeneous force (MPWR) is the biggest gainer in the S&P 500 stock market today. The S&P 500 rose 0.6% on Monday. The Nasdaq jumped 1.05%, retracing just 50 days. NVDA stock rose 7.1% to 437.53, reclaiming the 50-day line after falling below that … Read more
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138 billion) in management. Now it risks becoming the latest Chinese financial giant to fail. Most Read from Bloomberg The under-the-radar group, often dubbed China’s Blackstone by local media, … Read more