Buyout Deals knocking on US Steel’s door as ‘glory days’ fade
The industry could soon absorb one of the most respected industrial names in the American economy.US Steel (X) this week It revealed that the company is evaluating "Strategic Alternatives" after receiving "several unsolicited offers", including A.J $7.3 billion bid from
Vietnam trader loses $18 billion after EV Maker shares sank
(Bloomberg) -- After an astronomical rally on its first trading day, VinFast Auto Ltd. Now to the ground - erasing a large chunk of its billionaire founder's fortune.Most Read from BloombergThe Vietnamese electric car maker has fallen sharply over
Bitcoin calms down with sudden falls, mass liquidations
(Bloomberg) -- A period of unusual calm in cryptocurrency markets abruptly ended this week as the idea of higher interest rates for longer triggered a sell-off in risky assets like bitcoin, prompting a mass liquidation of bullish bets.Most Read from
Dow Jones slipped 150 points. Bitcoin Drops Elon Musk Sales
The Dow Jones Industrial Average fell 150 points on Friday, as major stock indexes extended losses on Thursday. Meanwhile, Elon Musk-led SpaceX sold its entire stake in Bitcoin, which led to a sell-off in the cryptocurrency. X Thursday , The Wall
Dow futures plunge amid China worries as bears take hold; Ultimate AI Stock Nvidia tries to fight back
Dow futures fell early Friday, along with S&P 500 futures and especially Nasdaq futures, as real estate woes in China offset falling Treasury yields. X Applied materials (huge) And Ross Stores (Rust) overnight earnings headlines, with monastery (to) and China EV startup
China is stepping up efforts to stabilize markets as confidence plummets
(Bloomberg) -- Chinese authorities have stepped up efforts in recent days to prop up financial markets, in a sign that Beijing is growing increasingly uncomfortable with the pace of decline in stocks and the yuan.Most Read from BloombergMainland stock exchanges
Shark Tank investor Kevin O’Leary says Michael Perry’s bet on the S&P 500 will hurt, even if he’s ultimately right
Astrid Butars/Getty ImagesMichael Berry's bet against the S&P 500 could be painful, Kevin O'Leary warned.It is because the index is diversified and short stocks are risky.O'Leary says: Burry made about $100 million betting on the 2008 Crisis, but that was
DataTrek says markets should prepare for a turbulent few weeks as the slow motion rate shock continues
Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington.Reuters/Carlos ParreaStocks could be exposed to more Fed-induced turmoil, according to DataTrek Research.This is partly because the Fed is unlikely to stop the quantitative tightening
Applied Materials gives a strong prediction with low chip hysteresis
(Bloomberg) -- Applied Materials Inc., the largest U.S. maker of chip making machinery, offered a bullish forecast for the current quarter, suggesting the industry's downturn may be fading.Most Read from BloombergThe company said in a statement on Thursday that fiscal
China Evergrande Group Files Chapter 15 Bankruptcy in New York
(Bloomberg) -- China's Evergrande Group filed for Chapter 15 bankruptcy protection in New York on Thursday, in a move that shields its US assets from creditors while it works on a restructuring deal elsewhere.Most Read from BloombergThe China Homebuilder's Chapter
Stocks Fall for Third Day in a Row as Yields Continue to Rise: Stock Market News Today
On Thursday, US stocks closed sharply lower for the third consecutive session as the August gloom continued on Wall Street.The leading Dow Jones Industrial Average (^DJI) is down about 0.8%, while the S&P 500 (^GSPC) is down about the same
Avoid this very common retirement mistake
Empty nester not saving enough for retirementSaving for retirement It is a lifetime pledge. It involves taking into account your retirement goals as you have kids, get different jobs and move from place to place. However, a recent
EXCLUSIVE – Chinese state banks witnessed dollar-to-yuan selling in London and New York for hours
SHANGHAI (Reuters) - Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in a bid to slow
Cisco gains after the CEO points to advances in artificial intelligence and security
(Bloomberg) -- Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales.Most Read from BloombergCisco, which
Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.
A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/ReutersEd Yardini said the bond market is sending a warning about mounting US debt.This is seen in the
Nvidia’s earnings will be the biggest test of the AI hype cycle
This article first appeared in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it straight to your inbox every Wednesday. Participate.Nvidia (NVDA) will report its second-quarter earnings after the closing bell next Wednesday,
Intel cancels $5.4 billion tower deal without Chinese approval
(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 BloombergThe deadline for the deal, announced
China’s shadow bank has missed dozens of payments as risks mount
(Bloomberg) -- Zhongrong International Trust has missed payments on dozens of products and has no immediate plan to get customers full, suggesting that problems at China's beleaguered shadow bank are deeper than previously known.Most Read from BloombergWang Qiang, secretary of