In November 2017, chip giant Broadcom (NASDAQ:AVGO) offered to buy fellow chipmakerQualcomm (NASDAQ:QCOM) for $70 per share, a 28% premium to Qualcomm’s closing price before speculation about the bid leaked. Qualcomm shares had been significantly depressed prior to Broadcom’s offer amid an ugly legal battle with Apple (NASDAQ:AAPL) that threatened to destroy Qualcomm’s wireless....More>>>
"Sell everything," came the phone call on a January 1981 night… A crash was coming. The next morning, stocks dropped 2.5%. The market headed in that direction for most of the year, losing 9.7%. It was masterful crystal-ball gazing by market commentator Joe Granville. He would later say: "The market told me, 'Sell.' And we do what the market tells us to;....More>>>
Source: ThinkstockMay 11, 2018: The S&P 500 closed up 0.2% at 2,727.69. The DJIA closed up 0.4% at 24,830.04. Separately, the Nasdaq was flat at 7,402.88.
Friday was a relatively positive day for the broad U.S. markets. Although crude oil backed off, it is still holding just above the $70 price level. The S&P 500 sectors were split down the middle. The most positive sectors were health....More>>>
Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.
However, a stock also generally hits new highs because....More>>>
A self-driving Volvo SUV was involved in a traffic accident in Tempe, Arizona, on Friday. The car was one of a fleet of self-driving Volvos being tested by ride-hailing service Uber. No injuries have been reported as a result of the accident.
According to a report from Bloomberg, pictures of the accident (see below) suggest that this may have been a “relatively high-impact crash.”