China’s HNA drops bid to buy Scaramucci’s SkyBridge due to regulatory hold up Chinese conglomerate HNA Group has dropped its bid for most of SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, as the deal was still stuck with U.S. regulators […]
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Dollar goes positive for year before Fed meeting The dollar broke into positive territory for the year on Tuesday and bond yields were creeping higher again, as rising oil prices fueled bets that the Federal Reserve will flag more U.S. rate hikes this week May Day holidays in many centers […]
U.S. fast-food price war flares as consumer spending softens Cheap fast-food “dollar” deals surged in the United States during the first quarter, marking a major shift in strategy as a cool-down in consumer spending sent restaurant chains scrambling for customers. So-called “value” offers have been part of the U.S. fast-food […]
Deutsche Telekom sees T-Mobile-Sprint deal clearing anti-trust scrutiny Deutsche Telekom (DTEGn.DE) CEO Tim Hoettges expressed confidence on Monday that the $26 billion takeover of Sprint Corp (S.N) by its U.S. unit T-Mobile US (TMUS.O) would clear anti-trust hurdles. Hoettges, speaking after the all-stock deal was announced on Sunday, also touted […]
T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and […]
Wall Street flat as earnings offset inflation jitters Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon. The S&P 500 and the Nasdaq eked out small gains while the Dow […]
Amazon boosts stocks as U.S. 10-year Treasury yields retreat A gauge of world stocks climbed on Friday, lifted by gains in Amazon, as U.S. Treasury yields dipped for a second straight day on global growth skepticism, but investors shrugged off news of progress on a peace deal on the Korean […]
Rising costs, inflation on radar as U.S. earnings season unfolds Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period. In the latest week, the busiest for first-quarter reports, several companies warned about or cited […]
Nasdaq asks regulators to let companies decide where they trade Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of […]
Sprint, T-Mobile deal may cast shadow over tower companies Shares of the U.S.-based telecom tower companies fell as much as 4 percent on Friday after Reuters exclusively reported that T-Mobile US Inc and Sprint Corp could announce a deal as early as next week. Shares of Crown Castle International Corp […]
