Microsoft to acquire Activision Blizzard for $68.7 billion

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York (CNN Business)All things considered, video game leader Electronic Arts is having a pretty decent year despite inflation worries, recession fears and other macroeconomic headwinds. Shares of EA (EA) are only down about 2% in 2022, a […]

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Canada's Rogers, Shaw, watchdog agree to start mediation over C$20 billion deal

TORONTO (Reuters) – Rogers Communications Inc, Shaw Communications Inc and Canada’s competition bureau have agreed to start a mediation process to overcome the agency’s antitrust issues posed by Rogers’ C$20 billion ($15.5 billion) acquisition of Shaw, the competition tribunal said on Friday.General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos OsorioThe […]

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Will CRISPR Stock Double in the Next Year?

On the long way down, in what appears to be a clear-cut recession, investors are looking at picking up names on the cheap for when the turnaround kicks in. While we do not necessarily know when that will be, it does not hurt to add high-quality names to the portfolio when prices are depressed. One big Wall Street name thinks […]

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Earnings Previews: Nike, Trip.com

The three major U.S. equity indexes closed higher Thursday, with the Nasdaq adding 1.62%, the S&P 500 rising by 0.95% and the Dow Jones industrials closing up 0.64%. Energy stocks dropped by 3.7% to become the day’s worst-performing sector, while the utilities sector added 2.4% and was the day’s winner. Changes in initial claims for unemployment benefits were small, indicating […]

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Powell: Recession after rate hikes certainly a possibility

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York (CNN Business)Some investors look to copper prices as a bellwether for the global economy. If you’re one of them, you have […]

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All 33 major US banks pass Fed's annual 'stress tests'

video FOX Business Flash top headlines for June 23 Check out what’s clicking on FoxBusiness.com. The nation’s major banks are in good shape and can withstand a severe economic contraction, the Federal Reserve determined Thursday. The 33 largest banks received a passing grade from the Federal Reserve following the latest annual "stress tests." The Federal Reserve building in Washington. (AP […]

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Neiman Marcus CEO on pandemic struggle and post-bankruptcy comeback

New York (CNN Business)Move over, GameStop and AMC. And forget about bitcoin and other cryptocurrencies. Revlon, the struggling makeup and cosmetics company that filed for bankruptcy last week, is the latest meme stock craze among the army of individual investors on Reddit. Shares of Revlon (REV) soared nearly 40% Wednesday afternoon in volatile trading. The stock is now up more […]

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Humm directors to exit after collapse of Latitude deal

The majority directors at consumer lender Humm have resigned following the collapse of a deal to sell the company’s consumer finance arm. In an update to the ASX released on Wednesday morning, the majority directors said they could not remain on the board with Humm founder and majority shareholder Andrew Abercrombie. Humm Group chairman Christine Christian will resign from the […]

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Big-four bank mortgage market share raided as refinancing booms

A refinancing boom is eroding the major banks’ dominant share of the $2 trillion mortgage market, as their customers shop around for more competitive interest rates with minor lenders. Figures from online property exchange PEXA show the number of mortgage refinancings is surging, with non-major banks increasingly becoming the lender of choice for homeowners. Refinancing is a “zero-sum” game in […]

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