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Bloomberg Apple Inc. investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix Inc., Activision Blizzard Inc. and Sonos Inc. are among the companies that JPMorgan sees as strong strategic fits. Shares of Apple have lost more than 25 percent from an October record, dropping on concerns over the demand ...
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February, 2019
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5 February
Siemens-Alstom’s expected EU veto unleashes political storm
Bloomberg When Siemens AG and Alstom SA unveiled their rail merger in 2017, the former arch-rivals hailed the deal as a historic union, forming the basis of a European champion with the heft to take on an expansionist Chinese competitor. The plan may well go down in history books, but not for the reasons the companies hoped. Rather, the European ...
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5 February
Britain is left choking on Nissan’s exhaust fumes
Nissan Motor Co’s decision to back out of its planned investment in its Sunderland plant has (surprise!) divided opinion in Britain along pro- and anti-Brexit lines. “It’s not you, it’s me†was the message Leavers read into Nissan’s statement. It wasn’t meant to be, they shrug. And, anyhow, Nissan is sticking around to make other models in Sunderland. Those worried ...
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5 February
Rising credit-card use is bad news
Even though evidence is mounting that the US economy may be soon heading into a recession, there are plenty of analysts who say that the surge in credit-card borrowing is a sign of strong confidence among households. That’s hardly the case. In fact, households’ confidence in the future growth of their incomes has been cooling since late last summer, which ...
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5 February
Who’s afraid of the big bad banking inquiry?
Why have Australia’s big four banks been suffering over the past year? Is it the Royal Commission into misconduct in the financial sector, due to publish its final report after local markets close on Monday? Or is it the effect of a housing market entering a once-in-a-generation slump? While the real answer is probably a mixture of the two, it’s ...
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5 February
Yes to billions for the border ‘but not wall’
As congressional negotiators attempt to reach a deal on border security to keep the US government open, Democrats would be smart to come to the table willing to match or even exceed President Trump’s demand for a $5.7 billion appropriation. They need only insist that the money be spent on measures that would effectively strengthen America’s borders. That would include ...
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5 February
What Microsoft can teach Facebook about playing nice
As another European Commission mega-fine on Alphabet Inc. nears, it prompts the question: can the Google parent ever free itself from the specter of penalties from the region’s regulators? The same goes for Amazon.com Inc. and Facebook Inc., each of which is facing scrutiny for how they handle data. They could do a lot worse than looking to a fellow ...
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5 February
China is ready to party like it’s 2015
Prepare for a repeat of China’s 2015 boom, bust and whimper? Days after replacing an overly cautious securities regulator, Beijing has mounted a multi-pronged effort to revive the market’s buzz: It set out the framework for a new tech-stocks exchange, cleared the way for more margin loans, made it easier for securities firms to buy stocks, and opened the futures ...
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5 February
A TV drama spawned in India’s financial shadows
The opportunity to own the largest broadcaster in a consumer market of 1.3 billion people doesn’t arrive all that often; even more rarely does it come after a single-day 26 percent rout in the stock. The special situation has arisen because of Indian infrastructure financier-operator IL&FS Group’s sudden $12.8 billion bankruptcy. Analysts who believed the tremors would reach other shadow-banking ...
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5 February
US futures rise as Europe stocks jump on results
Bloomberg US equity futures advanced on Tuesday, taking their cue from a rally in Europe after strong earnings from oil giant BP. The euro edged lower and the pound weakened. Contracts on the S&P 500, Nasdaq and Dow Jones indexes all gained ground through the European morning after a lackluster start, though Google-parent Alphabet Inc. slipped in early trading after ...
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