3:59 p.m. Aug. 7, 2020
- By Therese Poletti
The CEO who made one of Silicon Valley’s worst acquisitions wants a $400 million blank check Amid record-breaking billions pouring into SPACs, former HP CEO Apotheker files for a sequel to his calamitous $11 billion purchase of AutonomyAmid record-breaking billions pouring into SPACs is a filing from former Hewlett-Packard CEO Leo Apotheker, known for the calamitous $11 billion purchase of Autonomy.
8:21 a.m. June 11, 2020
- By Michael Ashbaugh
Charting a bearish reversal, U.S. benchmarks venture (way) under key support Charting Fed-fueled cross currents: 10-year yield violates key support, Financials stall at 200-day average, Rate-sensitive sectors balk at key resistance, TNX, XLF, XLU, IYR, XLPU.S. stocks are firmly on the defensive early Thursday, pressured amid renewed virus concerns and as markets digest Wednesday’s firmly-dovish Federal Reserve policy language. Against this backdrop, the S&P 500 has plunged to retest major support (3,070) amid a downturn placing the 200-day moving average (3,013) swiftly within view.
7:56 a.m. June 10, 2020
- By Michael Ashbaugh
Market rotation persists, Nasdaq rattles cage on 10,000 mark Focus: China sustains break atop 200-day average, Apple takes flight to record territory, Microsoft challenging all-time highs, FXI, AAPL, MSFT, CVNA, HPEU.S. stocks are mixed early Wednesday, vacillating ahead of the Federal Reserve’s policy statement, due out this afternoon. Against this backdrop, the Nasdaq Composite has extended its June breakout — re-tagging the 10,000 mark early Wednesday — while the S&P 500 consolidates amid persistently rotational June price action.
8:17 a.m. May 28, 2020
- By Caroline Baum
A recession is a great time to start a new business It may sound counterintuitive, but some of our strongest companies were forged during hard times Downturns and bear markets present a great opportunity for entrepreneurs to start a new business.
10:02 a.m. April 30, 2020
- By Daniel Newman
Nvidia has become a power broker for the next wave of datacenter technology Key is Mellanox, after deal closed more than a year after being announcedKey is Mellanox, after deal closed more than a year after being announced.